hi, this one can trade like normal share right.. i mean if I buy and sell within the same day right?
This post has been edited by jianwei90: Aug 16 2020, 03:00 AM
GOLDETF (0828EA), Buy Gold like u buy shares
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 Aug 16 2020, 02:51 AM
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2,115 posts Joined: Mar 2009  
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Aug 16 2020, 03:03 AM
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2,115 posts Joined: Mar 2009
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QUOTE(GrumpyNooby @ Aug 5 2020, 04:00 PM) But my trust got money inside. So what was the outcome? Thanks.Their system unable to validate that?  |
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Aug 16 2020, 05:19 AM
Show posts by this member only | IPv6 | Post
#103
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All Stars
12,387 posts Joined: Feb 2020
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QUOTE(jianwei90 @ Aug 16 2020, 03:03 AM) So what was the outcome? Thanks. I didn't call, so didn't buy. LOL |
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Aug 16 2020, 08:57 AM
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4,488 posts Joined: Mar 2014
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QUOTE(jianwei90 @ Aug 16 2020, 02:51 AM) hi, this one can trade like normal share right.. i mean if I buy and sell within the same day right? Can, but doubt u can make much money day trading Gold. U need leverage for that like Gold Futures. |
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Aug 16 2020, 09:39 AM
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(jianwei90 @ Aug 16 2020, 02:51 AM) hi, this one can trade like normal share right.. i mean if I buy and sell within the same day right? ETF is traded as same as other ordinary share. |
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Aug 16 2020, 10:51 AM
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2,115 posts Joined: Mar 2009
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QUOTE(cherroy @ Aug 16 2020, 09:39 AM) ETF is traded as same as other ordinary share. Thanks  |
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Aug 16 2020, 10:55 AM
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2,115 posts Joined: Mar 2009
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QUOTE(Cubalagi @ Aug 16 2020, 08:57 AM) Can, but doubt u can make much money day trading Gold. Cause I realise there is some fluctuations in the high and low for this gold etf, hence was thinking to buy when the price is low enough to make some minor gain.. by the way, does this etf follow T+2 settlement date rule as in after I sell this etf, I can only get the money after T+2?U need leverage for that like Gold Futures. This post has been edited by jianwei90: Aug 16 2020, 11:08 AM |
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Aug 21 2020, 04:36 PM
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2,115 posts Joined: Mar 2009
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just bought this, pray hard it will go up..
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Aug 21 2020, 05:36 PM
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26 posts Joined: Jul 2011
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QUOTE(jianwei90 @ Aug 21 2020, 04:36 PM) just bought this, pray hard it will go up.. I think it most definitely will go up. But dont expect to sell it in a few days or weeks. It may take a year for it to go maybe 20% of your investment. |
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Aug 25 2020, 12:50 PM
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47 posts Joined: Jul 2020
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Is this gold etf good ?
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Aug 25 2020, 01:34 PM
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1,075 posts Joined: Apr 2010
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QUOTE(freshgraduate2020 @ Aug 25 2020, 12:50 PM) Is this gold etf good ? Pros:lower spreading compared to banks short term trade (1 months to 3 years) wise, better than bank rates i would say Cons: but have small management fee annually low volume, may need to sell below market price if low demand |
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Sep 6 2020, 08:40 AM
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4,488 posts Joined: Mar 2014
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Added my gold position this week @2.60, been buying every few months.
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Sep 18 2020, 08:50 PM
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12 posts Joined: Jun 2010
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UBS forecast on gold prices
https://www.cnbc.com/2020/09/18/ubs-oulook-...ck-markets.html google and found basic info on gold prices https://www.investopedia.com/financial-edge...ce-of-gold.aspx |
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Sep 19 2020, 12:15 AM
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2,379 posts Joined: Sep 2017
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QUOTE(cw81 @ Sep 18 2020, 08:50 PM) UBS forecast on gold prices Thanks. Many bankers are bullish on gold at the momenthttps://www.cnbc.com/2020/09/18/ubs-oulook-...ck-markets.html google and found basic info on gold prices https://www.investopedia.com/financial-edge...ce-of-gold.aspx |
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Sep 20 2020, 12:26 AM
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1,842 posts Joined: Jan 2003 
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QUOTE(Cubalagi @ Jul 19 2019, 11:50 AM) I just found back this thread that I opened 2 years ago.. Forgot I opened it, due to poor response 😆 I remember it has a very low volume. Is it hard to sell it?I hv been holding some of this "stock" a while but end of last year I double my holdings due to what I perceive as higher risks of economic disaster. I think I want to promote more ppl to look at this, it tracks price of gold, which is now slowly going up again. Globally central banks are cutting interest rates, this causes currency to fall. Ppl are saying there is a currency war going on on top of a trade war. Gov wants their currency to go lower to maintain export competitiveness. In such scenario, gold being the "neutral" currency will naturally go up. https://www.kitco.com/news/2019-07-17/Gold-...che-Bank.htmlhe Goldetf is up 16% in 1 year and 11% YTD. This is more convinient way to buy and sell gold as its in the same Bursa trading platform n transaction is fast, costs is low with no stamp duty. |
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Sep 20 2020, 10:34 AM
Show posts by this member only | IPv6 | Post
#116
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4,488 posts Joined: Mar 2014
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QUOTE(knight @ Sep 20 2020, 12:26 AM) I remember it has a very low volume. Is it hard to sell it? Quite easy to sell because of market maker. Buying is the difficult part due to cash upfront rule, n I have to call my dealer. |
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Sep 20 2020, 04:27 PM
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1,842 posts Joined: Jan 2003
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QUOTE(Cubalagi @ Sep 20 2020, 10:34 AM) Quite easy to sell because of market maker. huh. I tot buying etf just like normal stock?Buying is the difficult part due to cash upfront rule, n I have to call my dealer. |
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Sep 20 2020, 06:21 PM
Show posts by this member only | IPv6 | Post
#118
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Senior Member
4,488 posts Joined: Mar 2014
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QUOTE(knight @ Sep 20 2020, 04:27 PM) huh. I tot buying etf just like normal stock? Normally yes, but this ETF got some special rule because of sharia ruling. You need to have free cash to buy. |
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Mar 19 2021, 03:01 PM
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471 posts Joined: Mar 2008
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QUOTE(Cubalagi @ Sep 6 2020, 08:40 AM) Added my gold position this week @2.60, been buying every few months. wow..hard to reach again this price as of today..mine purchased through robo advisor, Wahed..hope no need to pay management fee.. |
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Mar 19 2021, 04:20 PM
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4,488 posts Joined: Mar 2014
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QUOTE(fms21 @ Mar 19 2021, 03:01 PM) wow..hard to reach again this price as of today.. Of course u will be charged a management fee.mine purchased through robo advisor, Wahed..hope no need to pay management fee.. Anyway gold will shine again, that's my belief. It's not a get rich investment, but more like an insurance. This post has been edited by Cubalagi: Mar 19 2021, 04:20 PM |
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