Anyone tried selling gold coins before? Where did u go? What's the spread? Easy process?

9999 Maple & Kangaroo 1oz

This post has been edited by boyboycute: Dec 28 2023, 05:01 PM

Anyone sold kijang EMAS in Maybank before?

Unker bought one from them

No receipt, no packaging. Bare gold coin.

Will they buy it back?

Unker heard that some are even paying RM 500 / g

Looks like many retailers are going to get trap at high gold prices.

Kesian...

Unker dare not say too much...sudah kena banned a few times...

Sometimes,good intention , give warning also kena banned

Unker gave many warnings in USD/MYR and SGD/MYR forum....kena banned

Many are still licking their wounds converting to SGD and USD at high prices

Unker used to hand draw all the technical charts....Unker know when things are expensive

It's okay lah.

Unker doesn't need to wear a coat with nice makeup to convince others. Sooner or later, the end result will prove one's ability and skills. Most importantly, those who bought high prices now will not lose their lessons after losing their shirts

Unker is probably too old to use technology for investment analysis.

Unker just depends solely on common sense.

Like don't chase high prices because it's risky

Just look through Unker post in SGDMYR forum. Some were already deleted because it was irritatingly spot on.

Many young fella just can't believe it when SGD dropped from the peak to 3.20...Many lost money in FX plus 6% dividend declared by EPF recently because some really took out money from account 3 to convert into SGD.

Unker doesn't use excel. Common sense will tell you EPF returns can easily overcome the depreciation of MYR against SGD in the long run

Oh ok... about losing one's shirt...the thing about retailers is they usually buy at the peak, and using the money they will need for something else. You can see it during COVID when EPF allowed withdrawal, some took it out to buy gold.

Gold prices can be very volatile and 40-50% drop from current high prices is very normal. The spread in buying gold in Malaysia isn't very good and retailers ended up losing their shirts in one of the most rational investment in 2025.

23 years holdings is amazing.

Unker doesn't think those retailers who bought at current prices can hold that long.

Most likely, they buy because they just can't stand seeing others make money holding gold for long term.

All the optimistic predictions here also give them concrete reasons to invest now.

This is the time when Unker jump out to be party poppers, give warning ⚠️

There were many period which gold dropped 40-50% over the years. Unker doesn't need to use chatgpt for that

Readers would know how to do their own research.

Unker doesn't know how to use AI or excel

Thank you for your verification.

While it's uncommon in the history of gold price movement, that type of downtrend is quite common in the experience of an investor. Most doesn't have such a long horizon and most likely cut losses in the middle of downtrend.

Retailers got caught already. Kesian

Meanwhile, long term investors don't know when to sell. Too attached to their investment

Gold prices only started to move around after USA cut off the dollar backing by gold. No longer can convert USD to gold.

Looks like someone kena margin call in silver speculation


This post has been edited by boyboycute: Apr 4 2025, 10:49 PM

Hopefully, Unker 's advice posted last few days is able to help amateurs to avert some losses by NOT chasing high prices, no matter what's the rationale given to doing so

Unker doesn't have crystal ball except for a bald head and saggy little guli underneath.

Unker just know what bottoms and tops looks like.

Unker have been through many cycles in various investments

All of them are identical and quite similar at the peak and bottom

Unker doesn't know how to gauge short term movement

As long one buy low and sell high, they will make money. Just avoid buying at the peak because that will destroy you psychologically and emotionally because your wife will nag u forever until u sell it at the bottom

Unker no longer wonder how you got your name

Don't chase high prices

Never chase high prices

Chasing high usually ends in tears