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 Gold Investment Corner V8, All About Gold

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kimyee73
post Sep 22 2014, 04:17 PM

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Anyone experience with buying gold coins from buysilvermalaysia.com? Is it safe and reliable? tq
kimyee73
post Sep 23 2014, 09:34 AM

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QUOTE(kevyeoh @ Sep 23 2014, 12:21 AM)
i think nubex is better if you are worried if it's trustworthy or not..
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Thanks but they out of stock on item I want, American Eagle gold coin.
kimyee73
post Oct 7 2014, 02:34 PM

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QUOTE(call me random @ Oct 5 2014, 09:30 PM)
Good point to ponder there smile.gif
As for me. I like precious metals. For ups n downs hopefully. Not vr firm on that but I wl try to hold on to it n take opportunity to stack should the low price became stagnant..
Some other like rare rocks diamonds sapphire ruby emerald.
Some collects paintings. Some collect antics.
We believe these items hold some value.. And some sentiments to it making the owner pleased to see it even they hold no real measurable value. And suprisingly there are people are willing to to hv that in exchange of great deal of money.

So yeah.. Maybe u can find something u really adore n willing to put ur money to.. It doesn't always have to gold.
smile.gif
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Good to diversify and include gold as part of your portfolio. Get physical gold if possible especially gold coins. Gold has been valuable for thousands of years and I believe would continue for thousands more. Gold coins is not just gold but also a collectors item. Physical gold is the only asset of value that you can bring with you if you want to flee the country in case of war etc. You can't bring your house and Ringgit Malaysia is of no value by then. I would like to have 10% of my wealth in gold, both in physical gold and gold account. Not there yet though. Of course the other pie in diversification is having assets in foreign countries like the USA etc.
kimyee73
post Oct 8 2014, 03:48 PM

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QUOTE(tigana @ Oct 8 2014, 02:47 PM)
In the olden days, yes before the internet and air travel, gold was good to have in case of war.
Nowadays you can transfer funds from Malaysia to any country in a few minutes. I also heard some millionaires (I am not one smile.gif) carry around a single Singapore 10K note or several USD100 notes in their wallet as emergency.
But I agree, its a good idea to have a little gold in your portfolio.
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Is there a way to transfer to foreign country in minutes? I'm interested to know. I normally would go to the bank to make the transfer. Thanks.
kimyee73
post Nov 5 2014, 11:46 AM

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QUOTE(guy3288 @ Nov 2 2014, 12:05 PM)
uob price was  RM125.20/gm, already few Rm below my ealier purchases....think i got to buy some for DCA if it comes to RM124.
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Me waiting for the same thing but look like not going there yet.
kimyee73
post Nov 5 2014, 11:49 AM

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QUOTE(basSist @ Nov 2 2014, 10:38 PM)
not yet bro, target price around should be around 900-1000  biggrin.gif
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Some analyst says $700. Which one to believe? sweat.gif
kimyee73
post Nov 7 2014, 03:19 PM

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QUOTE(rjb123 @ Nov 5 2014, 11:22 PM)
thumbup.gif

I topped up during October correction, didn't sell anything  biggrin.gif

Gold short only up about 2.3% so far, lets see where it goes smile.gif
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Want to get more, buy PUT or GLL ETF.
kimyee73
post Nov 7 2014, 03:22 PM

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QUOTE(dhui @ Nov 7 2014, 08:13 AM)
Is the a/c come with atm card ?
Yes.

how much r they charging?
Forgot already but it is quite standard for all banks. All ATM Debit Card will have an annual fee. Very cheap only. The most I think RM20.

Any online banking facility with the basic savings a/c?
Yes, it is available.
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Unfortunately that is the extend of it. Can't buy gold using their online banking doh.gif
kimyee73
post Nov 7 2014, 03:28 PM

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QUOTE(rjb123 @ Nov 7 2014, 03:25 PM)
I'm OK for now to just hold onto my GLD short  biggrin.gif
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I actually hate GLD because of too many daily gaps. Be careful, the gaps can kill you.
kimyee73
post Nov 10 2014, 11:34 AM

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QUOTE(jack2 @ Nov 7 2014, 01:46 PM)
Those who bought paper Gold many years ago.. mah have a lot of floating loss now?
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cry.gif cry.gif cry.gif
kimyee73
post Nov 25 2014, 03:58 PM

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QUOTE(lyralp @ Nov 19 2014, 07:58 PM)
Wow, very impressive & informative intra-day chart smile.gif
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You can look at it yourself directly at http://www.kitco.com/charts/livegold.html

 

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