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Author Topic: GOLD  (Read 11470 times)

chrisyen

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GOLD
« on: August 11, 2011, 11:45:37 AM »
do u all think gold price will still go up?
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hanz079

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Re: GOLD
« Reply #1 on: August 11, 2011, 11:55:48 AM »
Yes it will... No doubt about that.
There might be hiccups along the way but price will always go up.
When 1gram of gold cost rm30+, i was in form 5.
When I started working, the price is already at rm60+...
Got my 1st piece of serious gold jewellery at rm80+ a little over 3 years back.
Now? Its like rm174 per gram...
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Terrenceterrence "seriously, i think buying a watch for it's secondhand value is like getting married and thinking about divorce at the back of your mind."


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siodee

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Re: GOLD
« Reply #2 on: August 11, 2011, 12:56:05 PM »
Anything go up, sure will go down, we shall see  :mooning:
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jacky8888

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Re: GOLD
« Reply #3 on: August 11, 2011, 01:33:07 PM »
Quote from: siodee on August 11, 2011, 12:56:05 PM
Anything go up, sure will go down, we shall see  :mooning:
I don't think gold price will come down.
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Jacky Wong

chrisyen

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Re: GOLD
« Reply #4 on: August 11, 2011, 03:03:18 PM »
where do u all buy gold?
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David_cheong

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Re: GOLD
« Reply #5 on: August 11, 2011, 04:49:41 PM »
Quote from: chrisyen on August 11, 2011, 03:03:18 PM
where do u all buy gold?

Gold bar - Poh Kong
Jewellary - Wah Chan
Investment - Public Bank

dc
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Watchnewby

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Re: GOLD
« Reply #6 on: August 11, 2011, 05:05:04 PM »
Quote from: David_cheong on August 11, 2011, 04:49:41 PM
Quote from: chrisyen on August 11, 2011, 03:03:18 PM
where do u all buy gold?

Gold bar - Poh Kong
Jewellary - Wah Chan
Investment - Public Bank

dc

Right on, David.
I was told Maybank also got Gold account for interested investors.
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ck77

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Re: GOLD
« Reply #7 on: August 11, 2011, 05:09:35 PM »
cimb and al-rajhi and kuwait investment also.
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engkow

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Re: GOLD
« Reply #8 on: August 11, 2011, 07:23:15 PM »
i bought canada maple coins 1 oz in 1991 for rm 1250, sell or hold?
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Sid Vicious

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Re: GOLD
« Reply #9 on: August 11, 2011, 07:33:54 PM »
engkow: Hold it will be going to 2000 an oz
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engkow

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Re: GOLD
« Reply #10 on: August 11, 2011, 09:18:14 PM »
Sid, i will hold. thank you
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chrisyen

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Re: GOLD
« Reply #11 on: August 11, 2011, 09:24:23 PM »
i hv the public gold investment account... also know cimb n maybank hv it....

i mean, there are many more company selling gold bar for investment...

so where do u all buy gold for investment? dun tell me wah chan lah....
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Watchnewby

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Re: GOLD
« Reply #12 on: August 12, 2011, 09:31:05 AM »
Quote from: chrisyen on August 11, 2011, 09:24:23 PM
so where do u all buy gold for investment? dun tell me wah chan lah....

There are poh kong, gold & platinum ....... and many others.
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hanz079

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Re: GOLD
« Reply #13 on: August 12, 2011, 09:32:40 AM »
Quote from: chrisyen on August 11, 2011, 09:24:23 PM
i hv the public gold investment account... also know cimb n maybank hv it....

i mean, there are many more company selling gold bar for investment...

so where do u all buy gold for investment? dun tell me wah chan lah....
U planning to buy gold bars?
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Terrenceterrence "seriously, i think buying a watch for it's secondhand value is like getting married and thinking about divorce at the back of your mind."


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chrisyen

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Re: GOLD
« Reply #14 on: August 12, 2011, 09:53:06 AM »
Quote from: hanz079 on August 12, 2011, 09:32:40 AM
Quote from: chrisyen on August 11, 2011, 09:24:23 PM
i hv the public gold investment account... also know cimb n maybank hv it....

i mean, there are many more company selling gold bar for investment...

so where do u all buy gold for investment? dun tell me wah chan lah....
U planning to buy gold bars?

i'm studying the risk vs return on those gold bar trading companies...
there are many gold bar traders with guaranttee buy back in the town...

recently i met a malaysian in myanmar, he recently setting up a gold bar processing factory there
he is one of the owner of gold bar trading company in KL and singapore

since he joined me play badminton, so i have the chance to find out more bout this gold bar trade lor
and more so the gold price went up crazily

so i wonder y ppl buy gold from all this small trader instead of banks like me!!!

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hanz079

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Re: GOLD
« Reply #15 on: August 12, 2011, 10:02:14 AM »
There are plenty of ppl trading in gold bars.
There's Geneva Gold bars and etc...
Buy the gold at a certain price and guarantee buy back at a certain price after a certain time.
But for me... this reeks of skim cepat kaya... there's no way we can verify those gold bars and for all I know, they could coat 1mm gold outside of a piece of aluminium or stainless steel.
I would go for gold jewellery... 2 uses... to wear and to invest...
When you wanna turn it into a bar, just melt it... plenty of tukang emas sifu could do that.
Thats my point of view on gold though...
I have never invested in gold accounts thru banks and such so I am not sure how it works...
I ahve invested thru public banks mutual balanced fund and the return per year was not satisfactory, and I needed money to renovate my new house so I withdrew after 1 year... and I realized all the gold jewellery I had actually +30% in "value" a little over a year...
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Terrenceterrence "seriously, i think buying a watch for it's secondhand value is like getting married and thinking about divorce at the back of your mind."


watchionable.blogspot.com

engkow

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Re: GOLD
« Reply #16 on: August 12, 2011, 10:39:24 AM »
go for gold coins, canadian maple i bought rm 1250 now around rm 5000
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hanz079

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Re: GOLD
« Reply #17 on: August 12, 2011, 10:43:59 AM »
Quote from: engkow on August 12, 2011, 10:39:24 AM
go for gold coins, canadian maple i bought rm 1250 now around rm 5000
I remember sometime back the Malaysian Central Bank did release some gold coins... any info on those?
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Terrenceterrence "seriously, i think buying a watch for it's secondhand value is like getting married and thinking about divorce at the back of your mind."


watchionable.blogspot.com

chrisyen

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Re: GOLD
« Reply #18 on: August 12, 2011, 02:39:35 PM »
now got state selling dinar....
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Watchnewby

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Re: GOLD
« Reply #19 on: August 12, 2011, 02:47:56 PM »
Quote from: hanz079 on August 12, 2011, 10:02:14 AM

I would go for gold jewellery... 2 uses... to wear and to invest...


Spot on, like watches.
Rollie, Omegas etc - to wear and once you don't like it sell.
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jacky8888

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Re: GOLD
« Reply #20 on: August 12, 2011, 04:29:30 PM »
Quote from: zitan on August 12, 2011, 12:57:29 PM
Actually, do these jewellery shops like PohKong, Tomei, WahChan & etc sell gold bar, apart from the usual jewelleries? ???
Ya they do sell gold bar/bullion 999 or 916
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Jacky Wong

wslee

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Re: GOLD
« Reply #21 on: August 14, 2011, 03:01:21 AM »
Quote from: engkow on August 12, 2011, 10:39:24 AM
go for gold coins, canadian maple i bought rm 1250 now around rm 5000

Bro Engkow,

where you bought your maple canada gold coins,i was looking to buy some gold coins but they only sell in US
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engkow

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Re: GOLD
« Reply #22 on: August 15, 2011, 02:20:24 PM »
wslee, UOB bank , jalan raja laut, KL or branches
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hanz079

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Re: GOLD
« Reply #23 on: August 22, 2011, 01:27:34 PM »
Quote from: zitan on August 22, 2011, 01:24:41 PM
999.999 trading at RM179/g at precious metal dealer! :Startled:
You sure?... market price already at 207 per gram at local retailers...
Hari Raya around the corner... alot of Muslim buddies buying gold jewellery...  ;D
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Terrenceterrence "seriously, i think buying a watch for it's secondhand value is like getting married and thinking about divorce at the back of your mind."


watchionable.blogspot.com

hanz079

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Re: GOLD
« Reply #24 on: August 22, 2011, 02:49:46 PM »
Quote from: zitan on August 22, 2011, 01:31:38 PM
I am talking about precious metal trader lah, bro hanz079, not at retail outlet! :laugh:
Ooops... sorry... my bad...
I have no experiences with precious metal trader...
They selling at the price u mentioned earlier?
If that is the case, you better PM me his contact!!  :Cheers:
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Terrenceterrence "seriously, i think buying a watch for it's secondhand value is like getting married and thinking about divorce at the back of your mind."


watchionable.blogspot.com
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