Welcome Guest ( Log In | Register )

9 Pages « < 2 3 4 5 6 > » Bottom

Outline · [ Standard ] · Linear+

 Gold Investment Corner V8, All About Gold

views
     
sinbad2k
post Jul 22 2015, 03:25 PM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(nanan75 @ Jul 22 2015, 02:41 PM)
Anyone got experience buying and storing physical gold in singapore?  bullionstar.com seems reputable, appreciate inputs as prices slightly lower than in malaysia and importantly no gst charged.
*
are you located near sg?they do seemed legit. do share your experience if you're buying from them.
sinbad2k
post Jul 22 2015, 09:18 PM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(nanan75 @ Jul 22 2015, 08:29 PM)
Nolah, im in KV only.  Tempted that i am, it will probably worthwile if you buy few kilos through them, and not few grams.
*
If you're in klang valley, i don't think it worth it coz of the shipping fees. End up, it could be around the same price as getting the same thing in Malaysia.


QUOTE(nanan75 @ Jul 22 2015, 08:30 PM)
I tried buying gold bullion from Nubex and they charged GST.
*
IPM and those in LBMA Good Delivery list are exempted from GST. Were u buying gold bar/rounds that are other than those? Why not buy from UOB bank?
sinbad2k
post Jul 23 2015, 03:41 PM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(yezhacolic @ Jul 23 2015, 01:52 PM)
thats weird.

when i bid for live pricing 999 gold coin, the pricing is different when i proceed to make payment.

say the live pricing is 4.5k but when i proceed to the payment page it becomes 4.8k

when i ask them, they say the extra 300 is GST.  rclxub.gif

then i straight close tab and proceed to buy from silvermalaysia. icon_idea.gif
*
GST (Exempt Supply) 2014

Page 19 & 20, Item no. 4
sinbad2k
post Jul 23 2015, 06:31 PM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(yezhacolic @ Jul 23 2015, 04:13 PM)
then i dont understand why the extra because i did chat with the customer service.
he assured me that the extra is GST charges. sweat.gif
*
do u mind sharing what gold bar/rounds/coins did u buy?If it's clearly GST exempted, then either nubex is trying to rip you off or it's mistake on their own part. Previously before 1st April, on buysilvermalaysia.com website, there are gold coins(not rounds, mind you) that are clearly GST exempted, but they post 2 prices, there... pre-GST and post-GST....sort of telling customers to hurry to get one before GST is in effect. I notified them on that and they said they're aware of the document, and then i specifically point out the product they carry that they're not supposed to charge GST but got no reply. After 1st April only I see that there's no more GST price on the same product.
sinbad2k
post Jul 24 2015, 12:56 AM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(10996455 @ Jul 23 2015, 08:23 PM)
I avoid those shop that exploit consumer
*
i've never bought from them before anyways. Don't plan to. Silver maybe. Most of the gold bullion they carry are a bit more expensive than other PM dealers but it seemed that they are the only one around that has the largest selections of internationally recognised bullion products.
sinbad2k
post Jul 24 2015, 08:43 AM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(10996455 @ Jul 24 2015, 01:13 AM)
Their silver also exp I end up sourcing my silver bullion oversea.
*
Where do u get yours?mind to share?
sinbad2k
post Jul 24 2015, 11:42 AM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(10996455 @ Jul 24 2015, 09:12 AM)
Aus US canada , US american eagle and Canadian maple leaft always on spot price.
*
You buy from PM dealers?what about the shipping fee?Add that up and the total price should be much higher no?


QUOTE(yezhacolic @ Jul 24 2015, 09:59 AM)
its the 1oz panda gold coin.
*
I see. Most gold coin are GST exempted (except for Krugerrand) and Gold Panda is definitely exempted. Have you tried buying from Bank of China?
sinbad2k
post Jul 24 2015, 01:17 PM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(yezhacolic @ Jul 24 2015, 11:56 AM)
i called Bank of China for the quotation.
its so much more expensive. sweat.gif

any other reputable seller apart from nubex/ buysilvermalaysia?
*
I'm not aware of any other reputable PM dealers unfortunately. Btw, just curious, y Panda coin?

QUOTE(10996455 @ Jul 24 2015, 12:04 PM)
Shipping free ppl bring back for me
*
Oh, good for you. For me, UOB's price is acceptable taking into account the shipping fee & the certificate they provide to facilitate selling off the gold.
sinbad2k
post Jul 24 2015, 11:20 PM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(ziiriium @ Jul 24 2015, 07:32 PM)
http://1stopgold.com.my/

this company selling cheap PAMP gold bar...but you have to self collect from their office opposite KLCC...no shipping...

For Nubex, i noticed their Canada Maple Leaf gold bar(GST exempted) selling at competitive price compare to buysilvermalaysia...

For me, China Panda gold or silver coin expensive than Canadian maple leaf....
*
Do you have any experience buying/selling with 1stopgold.com.my? Probably they don't have budget or something but the website doesn't look professional and is unconvincing to me.

UOB bank's Golden Maple Leaf and Kangaroo coin is a lot cheaper than Nubex and buysilvermalaysia


QUOTE(ziiriium @ Jul 24 2015, 07:54 PM)
If this is the first time you buy gold, then answer is YES...

For the first timer who want to purchase gold,this is the right time...
But i recommended buy some 1g 999.9 LBMA type gold bars for emergency use...

For wealth preservation, better buy 1oz 999.9 LBMA type gold bars....but not the one wrapped in vynil package...must be the one can open the packaging to test the purity of gold...

For me the current gold price is fair price...Since one dinar(917) 4.25g almost equal to price of one goat...for more than few hundreds of year, one dinar is able to buy one goat...

Don't buy gold bar from gold jewellery shop...expensive,big spread
*
I thought those wrapped in vynil package already comes with the certificate card that certifies their purity and authenticity?
sinbad2k
post Jul 25 2015, 07:31 PM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(yezhacolic @ Jul 25 2015, 02:50 PM)
as a collection.

just happened to know they release 1 new gold coin edition every year since the 80s. nod.gif
*
I see... U can consider collecting Australian kangaroo coin too. Their design is different every year and is cheaper than panda.

QUOTE(nexona88 @ Jul 25 2015, 05:30 PM)
how low can gold price go  hmm.gif
*
Depending on who you want to believe.. But most agree it'll go down below USD1000. There's one guy even says that it'll go to $200-450 range. Again, depending on who you believe, these price ranges are totally irrelevant.

QUOTE(ziiriium @ Jul 25 2015, 06:42 PM)
Sorry, i don't have any experience deal with 1stopgold... blush.gif

i agree UOB price cheaper than nubex and buysilvermalaysia...some rm160/oz

certificate come with gold wrapped in vynil package can not trust...if u want to pawn at any pawn shop or ar rahnu,the gold must go through the purity test...
If the vynil package get open, the price of gold will drop significantly....despite it is LBMA type...
*
I've not bought any gold bar before but I reckon the serial number on the gold bar and the gold buyer's experience should be able to tell fake & authentic gold bar apart.
UOB's gold bar comes with an extra "cert" that certifies the gold they sell is authentic. On ar-rahnu website, it's stated that they accept gold sold by UOB. So, I reckon we don't need to open the vynil packaging of gold bought from UOB if we have the "cert" from UOB.

sinbad2k
post Jul 26 2015, 09:44 PM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(robotica @ Jul 26 2015, 01:41 PM)
harry analyses demographic trend same as TA no financial fundamental at all. everyone hv different preception of gold either u like or u hate. most ppl want fast money & gold is not fast money it is bcos most metal guru tells u the potential of gold going vertical that made alot ppl angry when it did not move after years betting on it.

cherroy, u kept saying 25yr of gold stagnation which is a fact but that doesn't mean it will stagnate for another 25 years. hv u calculate the return from 1980 to 2011??

gold is store of wealth not to speculate & deploy at the right time which is 2011. i see some buy gold this year & sell end of the year. if that so better put in FD,ASB,ASN or other higher return funds. stocks been crashing over & over again but ppl like warren buffet still made money and same thing can happen to gold as well. commodity market is cyclical as jim said nothing goes up vertical without any price correction.

yes sinbad2k, i agree with u it depends who u believe & how deep is your understanding about gold. if u don understand u won't put everything in like michael. right? smile.gif

i see most ppl trying to show off their prediction kungfu here but based on what? gold is not consumable or a neccesity u don need gold to stay alive & it doesn't work it only sits in the vault. gold is confidence. no confidence buy gold, got confidence buy stocks. want high return buy high risk stocks, want low risk return buy bluechip, want lower risk than bluechip but don trust government buy gold, want lowest risk although knowing will depreciate very slowly via inflation but safest lesser volatility then should put in the bank let the bank make money out of your money. simple! smile.gif

finally buying numismatic gold is not gold investment. it is coin collector same like fine art or antique collector which is even longer time frame than gold investment & nobody will go all in. wink.gif
yeah, everyone is entitled to their opinion and views and sometimes they get too enthusiastic with it they start to attack. that's y i don't waste time "debating" with few detractors here since they subscribe to a different school of thought. and yeah, those seeking for quick short term profit should go for trading shares, etc...

ermm.....michael who?
sinbad2k
post Jul 27 2015, 11:43 AM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(TSOM @ Jul 27 2015, 10:42 AM)
so, we should start buying gold once it hits below $1000? hmm.gif
*
don't buy if you're looking for a quick short term profit.
sinbad2k
post Jul 27 2015, 05:21 PM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(TSOM @ Jul 27 2015, 11:50 AM)
how long is long term?

and how short is short term?
*
long term.....years....

short term....weeks/months or short 1-3 years

QUOTE(nexona88 @ Jul 27 2015, 12:48 PM)
wow gold gonna hits below $1000 soon  ohmy.gif
*
? it's still around 1100 level..
sinbad2k
post Jul 30 2015, 11:03 AM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(XtraLeoGecko @ Jul 29 2015, 09:31 PM)
interesting gold/house price ratio...
http://news.goldseek.com/GoldSeek/1438107539.php
*
hmm......

QUOTE(wil-i-am @ Jul 29 2015, 11:00 PM)
Gold is a weird relic of antiquity;
It’s pretty, so people use it for jewelry;
But it’s unlike iron ore or oil, or copper, or corn;
There’s not specific end-use for it.
*
u sure?or you want to rephrase it?
sinbad2k
post Jul 30 2015, 05:42 PM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(Binyamin @ Jul 30 2015, 05:29 PM)
Poor mike Maloney he is probably worried sick trying to find little stories here and there to keep up the hype.

His original story was gold is going up because every currency will be replace by gold. Now that his story is old he goes on to cook up bullish stories whether or not it has any basis.
*
did u lose a lot listening only to him?
sinbad2k
post Jul 30 2015, 06:45 PM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(Binyamin @ Jul 30 2015, 06:30 PM)
I bought at the high in 2011 lost 35% and got out of all my silver and gold. I did some study about gold and silver from a historical perspective and never look back. I think as with all commodities gold will rise one day but not for the reasons touted by the gold promoters.
*
i see, that explains it. so you've quit buying now?
sinbad2k
post Jul 31 2015, 12:46 PM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(Binyamin @ Jul 30 2015, 06:52 PM)
Yeah and I know the gold promoters have been warning about selling it even until now.

Curiously I have been doing pretty well when I do some things the gold promoters warn not to do. Like being long USD. I will definitely get back into gold when it is time for it to rise but not now.
*
it just sounds to me that you're seeking short term profits with buying gold and bought at the wrong time. You'll be better off with shares actually..
sinbad2k
post Jul 31 2015, 06:30 PM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(Binyamin @ Jul 31 2015, 01:18 PM)
I  am glad you mention the word time. These gold promoters fail to mention it because of their undisclosed motive.
*
well, it seemed to me that you bought gold for the wrong reason (quick short term profit at the wrong time). If you're talking about Mike Maloney, he didn't urge ppl to buy gold for quick short term profit. What he is urging is that people should buy gold and brace themselves for the coming financial meltdown which hasn't happened yet. He didn't say when it will happen but he did mentioned the first sign would be deflation and then followed by hyperinflation when central banks keep printings $ to fight deflation. Deflation, he said would happen slowly and gradually and the hyperinflation would be very quick and severe. That he believe, will be the end of USD and central banks will resort to gold to revalue/stabilise the USD(before unpegging it again maybe in the far future). And that's when he thinks, gold price will skyrockets (keep watch on the Dow/Gold ratio). Harry Dent too mentioned deflation too will happen but he doesn't think that hyperinflation will follow and that gold will continue to drop to $200-450 levels. Not sure who are the other gold promoters you've listen to and the motive you're talking about coz I see other ppl like Alan Greenspan and Ron Paul saying things like something big is coming our way and gold is the true currency and there'll be a major correction. Don't see any "motive" in that. Then again, it depends on who you want to believe.
sinbad2k
post Aug 5 2015, 06:22 PM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(elijah3art @ Aug 3 2015, 09:52 PM)
Ic. Gold premium reasonable than silver at least.
That's what worries me if buy from someone else or 2nd market bought and kept for long time want sell realize fake. shocking.gif
Where do you suggest me to buy if want authentic and competitive price.
My wishlist are 1oz gold bar.

Do you suggest me to source silver from SG?? rolleyes.gif
*
You can buy 1 Oz. gold bar from UOB bank.
sinbad2k
post Aug 7 2015, 01:11 AM

On my way
****
Junior Member
525 posts

Joined: Jan 2003
From: Kuala Lumpur, Malaysia


QUOTE(wil-i-am @ Aug 5 2015, 11:02 PM)
Did anyone purchase BNM Kijang Emas n is the quality gud?
*
Good in terms of??
Design is ok though in my opinion, the edges and fonts used looks a bit cheap compared to Maple Leaf design. But these shouldn't really matter at all as it's a 999.9 gold coin.

9 Pages « < 2 3 4 5 6 > » Top
 

Change to:
| Lo-Fi Version
0.0987sec    0.48    7 queries    GZIP Disabled
Time is now: 28th November 2025 - 04:18 PM