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 Gold Investment Corner V8, All About Gold

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dreamkiller
post Oct 29 2015, 12:22 PM

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QUOTE(call me random @ Oct 28 2015, 02:22 PM)
keep ur fingers crossed la..

like how i did with my 999.9 jewellery tongue.gif

most jewellery has only stamp.. not branded also laugh.gif

but nubex is a reputable seller. should be ok dun worry much
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Yup nubex is fine. Their gold is real and you can pawn it ar-rahnu exchange or any pawn shop. I've tried it.
dreamkiller
post Nov 5 2015, 09:31 AM

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QUOTE(kEITh_22b @ Oct 31 2015, 02:55 AM)
I'm not sure about this (not sure if FxPro is so strong enough to manipulate the market like you're implying, or will they do such a thing)...
Not sure about you guys in here, but for me personally, a slight increase/decrease does make a difference to my decision (to buy or to sell);

For example, if the USD rise to 4.45 MYR once again, or if gold rise to 1180 per-ounce once again, or if our MYR get weaker...; until the price of gold hit MYR53xx per ounce once again (which already did a few times very recently), then I can decide to go sell my gold already (because I brought some when it was around MYR4000+ per ounce last time)

It really makes a difference because just a day before (for example), 1 ounce rose to MYR53xx, but look at it right now; where 1 ounce = MYR51xx

Now I'm really not sure whether gold is set to continue falling, or will it rise back again to 117x - 118x level (would be nice for it to touch 119x - 1200 level)

Looking at the historical trend of gold really freaks me out (what if; gold will continue to slide to <1000 - 900 - 800 level as the experts are predicting...);
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Paper gold can fall even below that bro so saving in physical is the key. Unless you are into trading, gold is for saving and hedge, not investment.

QUOTE(call me random @ Oct 31 2015, 08:02 PM)
+1

i personally dun track it every day also.
but i do check on commodities wrap up on papers fr the expert reviews la..

i believe thats what stock traders call as fundamental analysis?

in fact, even the DCA method also not really as useful..

well.. that largely because as we speak, i see it as a saving instead of investment or at most, hedge against currency depreciation or even in good economy situation, just against the inflation.

unlike stocks,i dont get dividend pay outs also if gold is doing well n appreciate biggrin.gif
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Second your reason for buying gold as I'd mentioned above. I have been buying physical gold and silver since 2010 and never regret.

dreamkiller
post Nov 9 2015, 09:59 AM

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QUOTE(kEITh_22b @ Nov 6 2015, 07:07 PM)
Yes, that is why I'm planning to sell-off all my gold (I have been waiting for just the ideal time to do it asap), & then transfer it into another different type of investment (one that is more suitable for me).

Thanks for the "awareness" (which I didn't knew before) that going for gold is actually not about "investing to make a profit; I began to understand now that it is actually just to hedge against (MYR) inflation in MY that's about it, nothing more & nothing less.

Ever since I discovered other more ideal types of investment more suitable for myself (more recently), I began to feel that gold was the wrong type of investment (for my kind of expectation). So thanks for the heads up on gold's actual purpose to serve as.

No hard feelings to any of you "Goldbugs" in here; you all have your strong reasons & philosophy to hold gold. smile.gif

But for me..., I'm just at the moment of diverting my attention to Forex...

---
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Wish you the best. I know people make money by trading gold futures and they did even gold price has been sideways for few years.

But for me, gold has never been about investing. It's about saving that holds its value in the long run.
dreamkiller
post Nov 11 2015, 10:15 AM

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QUOTE(nagflar @ Nov 9 2015, 04:01 PM)
i hope u are right . i buy 30k when the price is aroud rm160 perg. after drop like crazy . i will take this as my retired fun...
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You bought physical? We will see how in the future. Holding physical asset (including real estate) does give me more assurance than paper asset.

dreamkiller
post Nov 11 2015, 10:19 AM

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QUOTE(nagflar @ Nov 11 2015, 10:18 AM)
no paper gold  sad.gif
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GLD or any of those gold accounts by banks?
dreamkiller
post Nov 11 2015, 10:49 AM

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QUOTE(nagflar @ Nov 11 2015, 10:26 AM)
sry , is gold acct form bank
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I don't know which bank you use but I suggest you make physical withdrawal. Read the terms carefully it doing this to know if it does incur substantial cost.

Store the physical in an insured safe deposit.

In case you need some cash. Do withdraw less say RM28k and cash out RM2k. Otherwise, take full amount in physical and pawn whenever you need cash. Ar-Rahnu provides pawn service at 7% storage (that's what they called it and it's not exactly charged like interest).

dreamkiller
post Nov 12 2015, 04:06 PM

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QUOTE(XtraLeoGecko @ Nov 12 2015, 08:04 AM)
A good article of shipping precious metal in Malaysia:

https://besure.my/shippingsilver
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I can say this article is 100% true! So far so good!

QUOTE(knight @ Nov 12 2015, 11:29 AM)
Post Laju ah. They either Laju-ly left your item on your door step else just pass by and drop the small note in your postbox below your apartment saying you are not at home.

Lajuuunyeee....
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Don't know about this
dreamkiller
post Nov 15 2015, 11:47 PM

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QUOTE(zodd @ Nov 14 2015, 11:43 PM)
With this partnership, it is easier to buy/sell/pawn the precious metal of local company product. 1 downside is the price not as attractive as buy directly from Public Gold.

Public Gold Partners Pos Ar-Rahnu To Provide Additional Gold Trading Channels
KUALA LUMPUR, Nov 2 (Bernama) -- Physical gold trading company Public Gold Group has formed a partnership with Pos (M) Bhd's fully-owned subsidiary Pos ArRahnu to provide additional channels for the public to conveniently trade Public Gold physical products throughout Malaysia, starting today.

In a statement today, Public Gold said the partnership would allow Public Gold's members to purchase all types of Public Gold products of Au 999.9 purity, ranging from 0.5 gramme to 250 gramme gold bars and half Dinar to 10 Dinar wafers, from any Pos ArRahnu outlet nationwide.

The high quality gold products are accredited by the internationally recognised London Bullion Market Association (LBMA) and all Public Gold products are exempted from the Goods and Services Tax in Malaysia, it said.

"In response to an increase in market demand for investment precious metals, we see the need to open up more product distribution channels for public convenience to encourage them to keep physical gold for a brighter and secure future, which ultimately leads to a wealthier nation," Executive Chairman Datuk Wira Louis Ng said.

Established in 2008, Public Gold currently has 18 branches accross Malaysia and Singapore, while Pos ArRahnu, with 65 outlets nationwide, has been in the gold trade since July 2012.

-- BERNAMA
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thanks for sharing bro. Never knew that Pos ArRahnu existed.

 

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