Author Topic: GOLD  (Read 102192 times)

Offline mnazri.tan

  • Hero Member
  • *****
  • Posts: 824
  • Time As It Is
    • Time As It Is.....
Re: GOLD
« Reply #50 on: September 27, 2011, 10:15:04 AM »
Sorry to hear that...may she rest in peace...

my mom, passed away last monday, she left a gold chain and pendant, take to a goldsmith shop yesterday for a quote
the chain 81 gm rm 17k and pendant 20 gm rm 4k total rm 21k, my mom bought it for only rm 600 many years ago.

Offline engkow

  • Sr. Member
  • ****
  • Posts: 260
Re: GOLD
« Reply #51 on: September 28, 2011, 06:45:27 AM »
my mom die of old age she 80, smoker discease copd/coad, admitted to klgh icu 3 times last year, she passed away in her sleep, peacefully.

zitan, the gold was my grandmother ask my mother to sell it, so my mother bought it, i think it more than 40-50 years.
now it a heirloom intent to pass to my daughter.

Offline hanz079

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 2381
  • I is Rocks!!
    • WATCHIONABLE
Re: GOLD
« Reply #52 on: September 28, 2011, 07:37:50 AM »
Gold retail went down by rm16 per gram across all grades today.  :Cheers:
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

Offline mnazri.tan

  • Hero Member
  • *****
  • Posts: 824
  • Time As It Is
    • Time As It Is.....
Re: GOLD
« Reply #53 on: September 29, 2011, 06:54:27 AM »
Hanz...for real ? what is the price now?

Offline hanz079

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 2381
  • I is Rocks!!
    • WATCHIONABLE
Re: GOLD
« Reply #54 on: September 29, 2011, 06:57:50 AM »
Hanz...for real ? what is the price now?

999 grade - RM200 from RM216 previously
916 grade - RM189 from RM205 previously

This is the retail price in Goldsmith shops... not precious metal traders or bank gold investment prices.
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

Offline David_cheong

  • Hero Member
  • *****
  • Posts: 1772
Re: GOLD
« Reply #55 on: September 29, 2011, 07:22:57 AM »
Wah Chan is having a promotion @ 182.50 per gram. (916) now.

They also having a card purchase promotion (x5%) on interest free payment. (12 months)

Those who are buying gold jewellery, do act now.....

dc
I am almost a recovered watchaholic, but last checked shows only 70% recovered. How?

Offline hanz079

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 2381
  • I is Rocks!!
    • WATCHIONABLE
Re: GOLD
« Reply #56 on: September 29, 2011, 07:35:00 AM »
Wah Chan is having a promotion @ 182.50 per gram. (916) now.

They also having a card purchase promotion (x5%) on interest free payment. (12 months)

Those who are buying gold jewellery, do act now.....

dc
Sounds like a good deal... too bad no Wah Chan in Kota Kinabalu...
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

Offline mnazri.tan

  • Hero Member
  • *****
  • Posts: 824
  • Time As It Is
    • Time As It Is.....
Re: GOLD
« Reply #57 on: September 29, 2011, 12:27:26 PM »
i am thinking of buying now, do anyone know what would be price in bank ? should i go to wah chan or bank?

Offline hanz079

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 2381
  • I is Rocks!!
    • WATCHIONABLE
Re: GOLD
« Reply #58 on: September 29, 2011, 12:29:50 PM »
Personal preference...
You looking to sell when price go up? Bank
You looking for jewellery that you can wear and keep and "might" sell when in financial difficulty? Wah Chan
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

Offline mnazri.tan

  • Hero Member
  • *****
  • Posts: 824
  • Time As It Is
    • Time As It Is.....
Re: GOLD
« Reply #59 on: September 29, 2011, 02:25:59 PM »
Public Bank ? yes?
I will check them out
Thanks Hanz

Offline mnazri.tan

  • Hero Member
  • *****
  • Posts: 824
  • Time As It Is
    • Time As It Is.....
Re: GOLD
« Reply #60 on: September 29, 2011, 02:29:41 PM »
sorry, if this is a dumb question.

If i buy jewelery and want to cash it, where is the best place to do it ?

I am thinking to invest, but i thought no point to keep gold bar, might as well i bought rings or something for wifey, let her use it and cash it out when i want it....but would that be the right thinking ? Or should i just get the gold bar (my idea of gold bar is those can be blown by the wind....very light one...not the 1kg definitely....heheheh

Offline engkow

  • Sr. Member
  • ****
  • Posts: 260
Re: GOLD
« Reply #61 on: December 08, 2011, 11:59:26 AM »
yesterday, when to UOB bank, asked them can i sell back to them my australian kangeroo 1991 coins.
they cannot accept the coins as i lost the receipt, asked to sell to goldsmith shop lost about 20 to 25 per cent
instead of 3 per to the bank. anyone bought gold coins/bars please keep your receipt for proof of purchase.
i just complain to UOB complain centre, wait for them to call me back , hope the outcome a goodnew.
« Last Edit: December 08, 2011, 12:02:19 PM by engkow »

Offline erman

  • Newbie
  • *
  • Posts: 21
Re: GOLD
« Reply #62 on: December 15, 2011, 01:34:28 PM »
yesterday, when to UOB bank, asked them can i sell back to them my australian kangeroo 1991 coins.
they cannot accept the coins as i lost the receipt, asked to sell to goldsmith shop lost about 20 to 25 per cent
instead of 3 per to the bank. anyone bought gold coins/bars please keep your receipt for proof of purchase.
i just complain to UOB complain centre, wait for them to call me back , hope the outcome a goodnew.

reason being they dun know if gold really yours or stolen.. same as you buy gold ring/jewelry.. if got papers/proof of purchase = higher value during selling..

my preference is the UOB acc..better than keeping physical gold.

cheers

Offline engkow

  • Sr. Member
  • ****
  • Posts: 260
Re: GOLD
« Reply #63 on: December 15, 2011, 04:16:47 PM »
erman, bought from them, they should have my record as bank spent millions and millions of ringgit, on computer what the use of buying
from bank when they wont repurchase back no receipt.
buying gold from goldsmith at least i know i be losing about 25 per cent.
please read carefully your gold investment account they are not protected by bank negara if any thing went wrong as
our bank deposit bank negara protected up to RM 250.000 to me it better have physical gold, buying
gold coin/bar from goldsmith as they need their receipt to sell back to them less 13 per cent if from other goldsmith 25 to
40 per cents loss with receipt or not but bank like UOB they wont buy back without receipt those coins are legal tender coins international recognise, that what it say in their brochure, now i know i need to keep the receipt until i sell even
20 years later. uob they said will call me back, till waiting.......
« Last Edit: December 15, 2011, 04:25:49 PM by engkow »

Offline erman

  • Newbie
  • *
  • Posts: 21
Re: GOLD
« Reply #64 on: December 16, 2011, 07:34:26 AM »
true2.. all gold savings acc not insured by PIDM.. same as buying stock/etc not insured as well maa..
only accounts insured are the one's earning low interest  :HammerHead:
I guess, everyone has their own opinion on this..
I for one prefer the gold account n made my choice based on the low spread between buy n sell price
I figure with the quantity I'm moving.. risk factor of keeping.. better buy n save in account.. peace of mind a bit.. :laugh:

cheers

Offline ehfoo1976

  • Newbie
  • *
  • Posts: 12
Re: GOLD
« Reply #65 on: April 01, 2012, 07:06:24 AM »
Gold investment through bank... Is just" paper gold"... Service charge applied.....btw, other gold bar seller offering 2-3% per month as rebate actually is high risk. ... Which is not guaranty and company shut down anytime,  like one of it in Ipoh. Pls study carefully the risk of a investment before invest. Btw, gold price now actually quite high compare to last time...anyway, happy invest!

Offline watchlow

  • Jr. Member
  • **
  • Posts: 81
Re: GOLD
« Reply #66 on: April 23, 2012, 09:39:52 AM »
i prefer buy gold in the goldshop or any outlet jewelry. bcoz i prefer physical things !!

Offline ronnie2u

  • Newbie
  • *
  • Posts: 11
Re: GOLD
« Reply #67 on: April 25, 2012, 12:36:32 PM »
i prefer buy gold in the goldshop or any outlet jewelry. bcoz i prefer physical things !!
But Goldsmith shop sell at much higher price for the same gold coins you buy from banks (like UOB, BNM)

Offline chrisyen

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 5959
Re: GOLD
« Reply #68 on: April 25, 2012, 01:28:55 PM »
i prefer buy gold in the goldshop or any outlet jewelry. bcoz i prefer physical things !!

u can get the physical gold from some bank if u want it

Offline watchlow

  • Jr. Member
  • **
  • Posts: 81
Re: GOLD
« Reply #69 on: April 26, 2012, 09:47:24 AM »
tt is gd idea, i agree wit chrisyen, bt some of the goldsmith cn giv discount base on the daily gold indice.

Offline chrisyen

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 5959
Re: GOLD
« Reply #70 on: April 26, 2012, 09:59:26 AM »
but i worry the gold is not 99.99% woh

n y u guyz need to hold the physical gold if jus for investment?

u will need a safe, need to worry if ppl rob u.....

Offline watchlow

  • Jr. Member
  • **
  • Posts: 81
Re: GOLD
« Reply #71 on: April 27, 2012, 08:23:53 AM »
tat's a problem , if u hold alot feel unsafe, need rent a safe box put in the bank.
they say buy gold against inflation, tt y i buy some if i hav extra money :D :D

Offline hanz079

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 2381
  • I is Rocks!!
    • WATCHIONABLE
Re: GOLD
« Reply #72 on: October 05, 2012, 10:16:58 AM »
Sorry to bring up this year old thread...
I read back posts dated Sept of 2011... and this is where I said... I told u so...  :Laughing_on_floor:

Since east malaysians alot of oil... so we like to pour to fire  :mooning:

Anyway, I hope no one here got burned.
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

Offline Anfield

  • Newbie
  • *
  • Posts: 21
Re: GOLD
« Reply #73 on: October 05, 2012, 11:23:15 AM »
Sifu Hanz079, dun u think the recent raid was politically motivated? ;)

Offline chrisyen

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 5959
Re: GOLD
« Reply #74 on: October 05, 2012, 02:56:21 PM »
Sifu Hanz079, dun u think the recent raid was politically motivated? ;)

What's make u think this got to do with politics?

Genneva did well n will continue to do well for sure...
B4 the raid...

Y?
Bcoz they paying all their customer...
They can afford to pay as long as

1. Gold price go up
Or
2. Their customer base growth...

But I doubt they are genuine gold seller
With guaranttee return of 2% a month...
One yr compounding + overhead + sales agent commission + margin
They need gold price to increase more than 30% to sustain
In reality, nothing go up every yr > 30%

According the some expert, if they didnt do money laundering...
Looking at their business model, it's hard to proof them wrong...
They sell price above market but with guaranttee return n they pay their customer as promise
Shd b no case until they run!!!

But if bank negara can proof they try to fraud by
- their account is loosing money, with the high guaranteed return scheme they offered... N they still continue to growth their business this way n using future money to pay... They BNegara may b able to proof a point... But not strong though

N they can escape by saying... I like to loose money... My strategy mah... After killing my competitor only I cut down the promise return cannot meh?
Or he said my advisor said gold price will go up 50% next yr n I trust him...
« Last Edit: October 05, 2012, 10:36:54 PM by chrisyen »