What is the minimum amount of precious metals I can bring accross malaysia from Singapore.
Can someone give me an answer?

Are you even sure about this.
Because it seems that you never do your damn research.

Precious Metals is definitely cheaper in singapore.

Have you even taken the time to do an actual compare? No.
All you have is assumptions.

Obviously you never research about this.
Nope they dun have. But then government regulation over there supports bullion dealership.
There is no similar gov support over here.

Confirm, ppl like you cannot be taken seriously.

And we expect to take you seriously.

Do you even google?

I never ever said that you should buy in singapore and carry over here before.

You said gold is priced the same internationally.
Do you know that in Britain, you have to pay 20% tax when u buy gold?

Think before you talk lah.

https://www.buysilvermalaysia.com/shop/prod...-Mint-RCM-100-/]https://www.buysilvermalaysia.com/shop/prod...-Mint-RCM-100
https://www.bullionstar.com/buy/silver-bars


I hope you know how to use a calculator to do the conversion.

This post has been edited by sylar111: Nov 24 2014, 02:52 AM

ok I meant maximum.
But then the question should be pretty obvious.

Anyway, the answer is less then USD10k

edited

This post has been edited by sylar111: Nov 24 2014, 02:52 AM

I have already given you the comparison between the 2 prices.

Did you even compare the 2 prices?

That is why I am asking the question as to how much I can bring in from Singapore.

Guess not.

This post has been edited by sylar111: Nov 24 2014, 04:40 PM

I really do not understand why you want to buy gold from banks
They give you unattractive spread and also you have to pay for storage and other fees.
Also they may not even have the gold inside their vault.

If you want to buy paper gold, may as well open a trading account.
You get the most minimal spread and fees.
Hai

You may as well buy the real thing.

This post has been edited by sylar111: Nov 26 2014, 02:17 PM

Are you sure now that gold will go to 1000USD? Actually, seeing gold recovering so fast makes me a little arrr sad.

Note that with negative gofo rate, going to 1000USD will only make the whole situation a little arrrrrr "complicated"

This post has been edited by sylar111: Dec 1 2014, 09:52 PM

Thx for your blessing today.

Trolled?
You said gold will go down. It broke 1200 and even went 1220.

It has form a new support at the 1200 level.

Seriously, you are a joke. You really are.

Cannot be taken seriously at all.

You think that the only factor in Gold is the current paper price. But then, even traders are aware of the demand for the physical right now and they know that if price goes down too much, supply will eventually run out and then real market forces take control.

Supplies are very limited based on gofo rates.

Looking at the charts, you seriously think that Gold price is really based on supply and demand or is it a game of poker. To me, it's more of a game of poker rather then supply and demand but seeing your sophisication, you probably actually think that the gold price is actually based on supply and demand.

I mean what can we expect from someone who cannot even do a price comparison even when the links are provided.

So how much did you lose by shorting.

This post has been edited by sylar111: Dec 2 2014, 02:55 PM

I know it will not go up forever.
I bought some mining stocks recently.
Because as I said. This market is fixed. It's more of a poker game rather then the real market. Traders playing gold are not interested in gold. They are only interested in "outwitting" each other. Also there will be those large obvious naked shorts on option expiry day. Last Friday was option expiry day and that is why you see precious metals getting whacked.

If you look at the chart last Friday or Thursday and never suspect anything, then really nothing to say.

The thing is, you could probably make some money predicting what would likely be the next move then just holding long. Because it will take some time.

As I said. There are many signs that actual physical gold in the open market is running out. when that happens. Say good bye to the current price mechanism that you are currently using.

So you dun even read charts.
And you claim to be an "expert".

Seriously. I overestimated your abilities.
You lack even the most basic skills.

http://goldprice.org/

For the rest who is interested.

I am dealing with a moron all this while.

This post has been edited by sylar111: Dec 2 2014, 08:51 PM

Actually they care.

I mean if I think the price will go down. Why should I collect now?

Remember, most gold bugs are actually logical people who have decent financial discernment.

I guess another one in this forum.

icemanfx.

That is precisely why Gold is viewed as the best form of money. Because it has no industrialusage.
Because it has very little usage.

The amount of available gold that are currently open is very limited actually.

Based on your theory, gold should be near zero if gold is just something which is aesthetic and has no real value. The fact that 1kg of gold right now could probably buy you a Honda says otherwise.
If gold was so unvaluable, why is that so. Why is it that people still put such a premium on something that just looks nice on the outside. But has no usage as all in other things.

Well, the amount of gold that can be mined is very limited. I believe market forces has priced that in.

So where do you think you want to invest your money in? Stock Market? Do you know the stock market has been tanking recently? So are you proposing that you put your money right now into "good" company and when a crash comes, can come anytime based on fundamentals not only of Malaysia but of the whole world in general, that you just tell yourself that hey I am after all "contributing" to the economy.

Oh put in bonds whereby governments around the world has been inflating like nobodies business.

Or in the over inflated property market that we have which will most likely crash together with the stock market.

You seem to have an understanding of booms and bust. But then your understanding of Gold and the history of Gold is very limited.
The fact that central banks around the world accumulates Gold shows that the top people still put a premium on Gold. If gold was so useless, why are central banks accumulating something which is useless? Are they stupid?

As an economics student, why dun you understand terms like gofo rates instead of just being under the cave?

I think you should maybe try to look at the world not based on just what your professor says.

This post has been edited by sylar111: Dec 3 2014, 04:23 PM

Gold can actually be used as collateral.
You can use the Gold that you have to reduce the interest payment as when you give the lender Gold as collateral, interest will be reduced.

Guess you did not know that as well.
Many things you dunno actually.

As I said earlier.

If gold is so useless, why is it that 1kg of it can buy you a luxury car.
Why would central banks accumulate this if the fiat system can really isolate this physical asset.
But logic is obviously not your forte.

I agree with you. At the moment, gold does not look like an "inflation" hedge. Any idiot can tell you that based on the chart of recent years.
But then, what if gold is indeed an inflation hedge but because it is currently suppressed and that is why it does not reach it's true value.
What happens when the suppression stops?

Fiat paper money printing is obviously fantasy. I mean unless you think you can really create wealth from thin air. It goes against the logic of things. The thing is. You got so caught up with the stock market which is tanking right now and which is showing signs of crashing that you forget about fundamentals.

This post has been edited by sylar111: Dec 3 2014, 06:24 PM

In the past. Yes. Bad news will probably drive gold price up.
I guess not so right now.

It's a manipulated market out there and the whole game stops once available gold runs out of supply.

The reason why 5% of the world population hold so much wealth is because they understand real value.

Compared to the rest of the world population that only knows how to buy at the top and lose almost everything when a crash comes.

They probably desensitized themselves from price fluctuation because they know that sometimes market can be irrational.

This post has been edited by sylar111: Dec 3 2014, 06:30 PM

Collectors. Collectors who are spending hundreds of thousands of dollars buying gold bars as a collectors item.
Great.
Ok. To be honest you are really out of tune.

Yeah. Spending billions even trillions of dollars just for perception value.
Ok.

Obviously never read the news about the recent repatriation request by countries.

Well, you obviously never paid attention to the charts.

Talk is cheap. Just be an academic. You are not fit for the outside world.

Nuff said.

I am pro gold.

How you know that I do not consider other investments.

The thing is. You do not know what you are talking about so your only defense is to attack others.

I doubt you made that much in your investments as well.