Malaysia Watch Forum
Off Topic => Investment & Real Estate => Topic started by: chrisyen on August 11, 2011, 09:45:37 AM
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do u all think gold price will still go up?
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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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Anything go up, sure will go down, we shall see :mooning:
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Anything go up, sure will go down, we shall see :mooning:
I don't think gold price will come down.
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where do u all buy gold?
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where do u all buy gold?
Gold bar - Poh Kong
Jewellary - Wah Chan
Investment - Public Bank
dc
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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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cimb and al-rajhi and kuwait investment also.
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i bought canada maple coins 1 oz in 1991 for rm 1250, sell or hold?
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engkow: Hold it will be going to 2000 an oz
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Sid, i will hold. thank you
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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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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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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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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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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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go for gold coins, canadian maple i bought rm 1250 now around rm 5000
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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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now got state selling dinar....
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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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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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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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wslee, UOB bank , jalan raja laut, KL or branches
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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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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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Today price RM 205/gm!!!
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Today price RM 205/gm!!!
During hari raya, price is lower at 190 per gram.
After raya, 197... Two days ago 205... And this is the price of 916 gold. 999 is higher...
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Gold Prices seem to be "going Up, Up and Away!"
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Need advice...
WHat is the best way to invest in gold
Buy jewelerry from Poh Kong or Wah Chan
Buy Gold bar from Poh Kong or Wah Chan
Invest gold in bank
BUy those kelantan dinar?
Please advice...
Out of curiosity, before raya i bought a small gold bar for myself when wifey bought new jewelery ...Price is mind blowing for a tiny piece, but wanted to give it a try...i bought at wah chan.... then i do my math, considering that bank or gold outlet buy back gold at -20% or -15% or market price, plus price we pay for workmanship when we purhchase the gold bar, u have to wait for the price to goes up minimum by 25% before u can breakeven....So say you buy 1gram of gold before raya priced at 200 solid, plus RM 20 -RM 30 for workmanship (depend on how well you negotiate...it could be higher though) U have to wait for the price to go at RM 250 for you to earn....but can price goes that high? is it too late to invest in gold?
I know old lady with more than 1kg gold with her, and she bought that when price was RM 35 per gram....just imagine ....hahahha
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1kg gold? That's brutal man...
I remembered when gold prices were at rm35, I was in Form 5... no money to buy.
When I finally though of buying gold, the price is at rm90... that time oso I was hitting myself in the head.
Now? At prices like rm200... I made the correct decision... ;D
But the way I see it... Give it another 2 years and it's possible to hit rm400... yes, you heard it here 1st... :thumbsup:
As to what kind of gold to buy. It's like buying a watch lor...
I personally would not go for gold bars... those are for keeps...
I would go for gold jewellery... pure gold without diamonds, rubies and stuff... just gold...
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No 1 - if back to gold price at rm35 / g.... instead of buying, u buy property or u buy land
now u r multimillionaire!!!
No 2
@nazri - sell back gold to banks gold investment account wont cost u 15%-20% ....
the wxx chxx sales conned u with this??? pls get the facts right, later banks sue u
http://www.pbebank.com/en/en_content/personal/rates/goldinvest.html (http://www.pbebank.com/en/en_content/personal/rates/goldinvest.html)
today pbb sell at rm 185.72 and buy at rm178.26
so the different is only around 4% on the average price
that means they make around 2% for buying and selling
check the comparison here
http://www.horlic.com/comparison-between-5-gold-investment-accounts-cimb-vs-kfh-vs-mbb-vs-pbb-vs-uob-%E2%80%93-choose-the-best/ (http://www.horlic.com/comparison-between-5-gold-investment-accounts-cimb-vs-kfh-vs-mbb-vs-pbb-vs-uob-%E2%80%93-choose-the-best/)
buying gold from those so call gold bar investment company like Genneva or same concept type of company, they guarantee u return in a month, around 1.5% onwards....
http://mygoldgoose.wordpress.com/about/ (http://mygoldgoose.wordpress.com/about/)
sound very very good investment yah??? yes... but pls check the price of the 999 gold they are selling
http://www.goldbeam.org.my/ (http://www.goldbeam.org.my/)
while pbb sell at rm185, genneva sell at rm225....... ITU 22% higher than market price rm181, PBB + 2% only
since gold market is good now.... every1 buying, i strongly believe Genneva will do well....
he buy at rm181 and sell u at rm225, if u take gold one month later, u lost rm20%, if u dont, he give u rm4 but he keep ur rm225.... 20% he can take out as cost of operating and profit!!! :Laughing_on_floor:
still got balance rm177.... rm177 he can pay u for 4 yrs ....
5th years later how they generate money to pay you? ???
recently 1 company that guarantee 7-8% return in singapore run by a malaysian, now ran away.....
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check this out as well....
http://www.bnm.gov.my/microsites/fraudalert/0301_status.htm (http://www.bnm.gov.my/microsites/fraudalert/0301_status.htm)
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Sorry Zitan, I didn't get that. We can't buy anymore 500g gold bar?
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Cmon lah Zitan... If you ikan bilis... then I am tadpole oni leh.... :Laughing_on_floor:
RRP for 999 gold is rm225
rm205 is 916 gold.
I am never really into Genneva Gold type investments... better be safe than sorry...
The Gold could be plated for all I know... so it's better be safe.
As for gold investment account with banks... when you buy in, are you really buying gold or just a piece of paper stating that your buying X amount of gold at X amount rm?
Say if I don't wanna sell the gold, can I have it in physical form?
Buying gold at goldsmiths is of course more expensive than the "market price"
Precious metal trader sell gold bullion at slightly above market price to gold workshops who then turn them into jewellery before selling them to goldsmiths for retail.
So that's like 3 cuts before the gold reaches us.
The price PBB stated is the "market price" whereas the price genneva gold stated is "retail price"
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I am never really into Genneva Gold type investments... better be safe than sorry...
The Gold could be plated for all I know... so it's better be safe.
As for gold investment account with banks... when you buy in, are you really buying gold or just a piece of paper stating that your buying X amount of gold at X amount rm?
Say if I don't wanna sell the gold, can I have it in physical form?
Genneva can sue you for this. They do not need to plate the gold!!! Some one check it, it is real gold!
PBB sales told me i can withdraw the physical gold if i wanted to when i checked with them last time, not sure about other bank!
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1kg gold? That's brutal man...
hahahaha...she has gold chain thicker than rantai basikal....hahahhahah....
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I am never really into Genneva Gold type investments... better be safe than sorry...
The Gold could be plated for all I know... so it's better be safe.
As for gold investment account with banks... when you buy in, are you really buying gold or just a piece of paper stating that your buying X amount of gold at X amount rm?
Say if I don't wanna sell the gold, can I have it in physical form?
Genneva can sue you for this. They do not need to plate the gold!!! Some one check it, it is real gold!
PBB sales told me i can withdraw the physical gold if i wanted to when i checked with them last time, not sure about other bank!
Well, they can sue me if I am defaming them directly but I mentioned Genneva Gold "type" investment.
We all know that those get rich quick scheme could be real... for the early birds.
The ones who got burned was those who enter later.
And if you think about it in the long term... they are making money from? thin air?
By pricing the buy in value higher than market value?
And then used the difference to pay the returns?
Sounds like a pyramid scheme to me.
The someone who checked the gold used what method?
Anyone drilled a hole all the way thru?
I admit I am a skeptic on these type of investments.
It's difficult to convince me otherwise.
And if PBB allows you to withdraw physical gold, I would go with them rather than Genneva.
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I am never really into Genneva Gold type investments... better be safe than sorry...
The Gold could be plated for all I know... so it's better be safe.
As for gold investment account with banks... when you buy in, are you really buying gold or just a piece of paper stating that your buying X amount of gold at X amount rm?
Say if I don't wanna sell the gold, can I have it in physical form?
Genneva can sue you for this. They do not need to plate the gold!!! Some one check it, it is real gold!
PBB sales told me i can withdraw the physical gold if i wanted to when i checked with them last time, not sure about other bank!
Well, they can sue me if I am defaming them directly but I mentioned Genneva Gold "type" investment.
We all know that those get rich quick scheme could be real... for the early birds.
The ones who got burned was those who enter later.
And if you think about it in the long term... they are making money from? thin air?
By pricing the buy in value higher than market value?
And then used the difference to pay the returns?
Sounds like a pyramid scheme to me.
The someone who checked the gold used what method?
Anyone drilled a hole all the way thru?
I admit I am a skeptic on these type of investments.
It's difficult to convince me otherwise.
And if PBB allows you to withdraw physical gold, I would go with them rather than Genneva.
if they are selling genuine 999 gold and you said they sell plated gold.... sure they can sue you!
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I know they can, in fact... in this day and age, everyone can sue everyone based on a statement...
Wether they will or not is another story.
Anyway, since tomorrow is a short working day as I am preparing for my weekend canon getaway with my colleagues, once I get back... I will try to document in detail how to determine the grade of gold of 750, 916 and 999.
And I will try to take some pics of the process.
And if anyone here is into Genneva gold, I sincerely hope the investment works.
Ask any seasoned veteran and they will tell you there is absolutely no way of determining wether a "bar" of 100g, 500g or 1kg gold is indeed genuine by doing normal tests which I will document later.
The only way to determining if a bar of gold is 100 real is to cut the bar in half.
It's easier to determine if a gold jewellery if fake or not than a bar of gold.
When I am talking about plating, it's not thin micron type plating.
A bar of "gold" could be plated up to say 1mm thick.
And by doing conventional tests, the bar of gold appears solid until when a goldsmith sifu tries to melt it and found out the inside is actually a piece of brass, steel or bronze.
And ask yourself this, when you get the bar from Geneva gold and try to cut it in half, will they let you?
And if they let you, will the deal still be ongoing after the bar is cut?
I am no expert in gold but I have worked with gold since I was 18. And I have been conned numerous times... small time crook mostly. But I paid for my lessons.
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Since I have some free time, I have took some photos on the method most goldsmiths use for determining the grade of gold and if the gold is fake or plated.
These 2 gold necklace will be used for the experiment and a ring as well that is not pictured here.
One of the necklace is 916 and another is 999. Can you tell just by looking at these pics?
By touching and feeling the gold, the easiest way to tell is 999 gold will be softer... it will bend when you apply some pressure. 916, 835 and 750 gold is solid as hell. Won't bend when you apply pressure.
999 gold is also less shiny.
(http://i573.photobucket.com/albums/ss179/hanz079/Gold/16d8710c.jpg)
This is a "batu asah" or grinding stone used to determine the grade.
The corner of the gold is used to grind some of the residue to the stone.
You can see that there are 4 strips that are freshly made.
The colour of the residue is used to determine the grade of the gold.
Out of the 4, one is 999, one is 750 and two of those is 916.
And if a 999 grade gold necklace is worn a couple of years, the length will get longer as it will stretch.
So from the picture below, it is a dead giveaway which is 999 and which is 916.
(http://i573.photobucket.com/albums/ss179/hanz079/Gold/ad9d127d.jpg)
(http://i573.photobucket.com/albums/ss179/hanz079/Gold/87859255.jpg)
For the fake or plated test. 2 kinds of acid is used.
No 1 is applied to see if the residue fade when the acid comes into contact.
Real gold will not fade when the acid comes into contact.
For plated gold, the residue will contain not only gold (a very very thin layer) but some other metals such as stainless steel, brass or bronze.
So when plated gold residue comes into contact with the acid... chances are you will see the residue getting "thinner" because other materials are being washed away.
No 2 is applied to check if there is smoke when the acid comes into contact with the residue... if there is and the residue fades away. Then this means that the gold is as fake...
(http://i573.photobucket.com/albums/ss179/hanz079/Gold/4f33ba1c.jpg)
(http://i573.photobucket.com/albums/ss179/hanz079/Gold/66b3ecb8.jpg)
If there are any questions, you can post them here and I will try to answer them in general.
This is not an expert opinion and serves just as my experience from working with gold for 2 years.
That is the reason why I am skeptical of those Genneva Gold "Type" investments.
The Gold bars that Zitan posted up is what a 999 grade gold bar should look like.
Not too shiny, some bumps here and there (because 999 grade gold is softer)
I have seen the Genneva Gold bars and they are shiny, uniform in shape and almost flawless...
Something just doesn't sit well with me.
I hope I don't get sued just by voicing my opinions though. :HammerHead:
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Wah, if ikan bilis can choose between porsche, beemer or audi as a weekend car... Then I aspire to be your kind of ikan bilis... ;D
Zitan, my family is not in the jewellery trade. They are into seafood.
But no more now... Retired.
I used to work at a gold workshop when i just finished my SPM. Not really what i wanted to do. So i continued my studies... And end up a tadpole... :mooning:
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Wah, if ikan bilis can choose between porsche, beemer or audi as a weekend car... Then I aspire to be your kind of ikan bilis... ;D
Zitan, my family is not in the jewellery trade. They are into seafood.
But no more now... Retired.
I used to work at a gold workshop when i just finished my SPM. Not really what i wanted to do. So i continued my studies... And end up a tadpole... :mooning:
............... mature into a frog, ............... then be kiss, ............... & transformed into a Prince :Laughing_on_floor:
Like that oso can ar? lol... good one there Zitan. :thumbsup:
I hope so too... ;D
Anyway, just to share a typical gold sifu's worktable.
A friend of mine.
I go to him for all my gold needs...
(http://i573.photobucket.com/albums/ss179/hanz079/Gold/a2e5473a.jpg)
And for those who is thinking of buying gold jewellery, what can be more personalized than these?
(http://i573.photobucket.com/albums/ss179/hanz079/Gold/ca2a24ae.jpg)
Top row left is my Dad, right is me.
Bottom row left is my son, middle is my daughter and right is my sister's daughter (niece)
These are the ones that are timeless and will not be sold or melted... heirloom pieces...
My grandfather got 1 for my Dad, my Dad then got one for me, then I got 2 for my kids and 1 for my niece... Tradition I guess... ;D
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that tool at your "sifu" desk... the one at 6 o'clock.. the long long one... that is one scary tool...
is it to chase away wannabe snatch thief???? :Laughing_on_floor: :Laughing_on_floor:
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Wah... From gold investment to gold testing now gold jewelery making....
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So Chris, from ur experience of investing gold with banks, is PBB offering the best deal from other banks?
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So Chris, from ur experience of investing gold with banks, is PBB offering the best deal from other banks?
the time I invested into gold only mbb n pbb offer this
so I chosen pbb due to lower charge on transaction n physical gold withdrawal is available
all bank offer fair price, update real time!
Buying from gold shop, price higher, sell back higher charge n depend on who u r to them!
Goldsmith no experience
genneva type, crazy price n doubt they can sustain in long run!
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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.
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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.
thats work out to be rm201++ per gram....
999 / 916?
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Chist, it choke kum (999 gold i think) that the market value, if i want to sell less 25%
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Chist, it choke kum (999 gold i think) that the market value, if i want to sell less 25%
its very very good price......
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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.
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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.
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Gold retail went down by rm16 per gram across all grades today. :Cheers:
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Hanz...for real ? what is the price now?
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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.
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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
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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...
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i am thinking of buying now, do anyone know what would be price in bank ? should i go to wah chan or bank?
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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
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Public Bank ? yes?
I will check them out
Thanks Hanz
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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
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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.
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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
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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.......
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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
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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!
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i prefer buy gold in the goldshop or any outlet jewelry. bcoz i prefer physical things !!
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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)
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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
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tt is gd idea, i agree wit chrisyen, bt some of the goldsmith cn giv discount base on the daily gold indice.
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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.....
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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
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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.
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Sifu Hanz079, dun u think the recent raid was politically motivated? ;)
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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...
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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
2. Their customer base growth...
But I doubt their 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...
Good point there chris.
I was about to ask which part is it that is politically motivated.
And moreover, if the raid is or is not politically motivated does not mean that the business model is flawless.
I have seen my posts last year and i just noticed gold prices have not gone up at all... Might have fluctuated in the middle but as of today, retail price of gold is still only rm202 per gram.
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I must conceive that i dunno the company well. But I suspect they work like some sort of pyramic scheme. Please feel free to correct me if you have more information.
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I must conceive that i dunno the company well. But I suspect they work like some sort of pyramic scheme. Please feel free to correct me if you have more information.
I believe you're absolutely right.
Get rich quick scheme, pyramid scheme, ponzi scheme... whatever else it's called.
Genneva Gold is definitely in that group.
It's funny how when they are raided now that investors come out in droves to complain.
For me, there are no happy endings here.
Scenario 1.
Authorities raid them now... people crying foul that this is a legitimate company and legitimate business.
Scenario 2.
Authorities raid them when they're all packed and gone... people crying foul that how come such a scheme is not detected earlier and shut down earlier before more damage is done.
I am hard pressed to think of another of these schemes being shut down BEFORE the company have already packed up and gone and damage done. Enlighten me if I am wrong.
Agents for these schemes only sing the company's tune as long as they get their comissions and fees and whatnot...
End of the day... it's the greed...
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End of the day... it's the greed...
Isn't that what attracted the "investors" and "sales consultants" in the first place? Nothing solid about the "investments" other than profit
If Malaysians weren't so greedy, cash-rich and gullible, why are the Nigerian scams so successful here?
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End of the day... it's the greed...
Isn't that what attracted the "investors" and "sales consultants" in the first place? Nothing solid about the "investments" other than profit
If Malaysians weren't so greedy, cash-rich and gullible, why are the Nigerian scams so successful here?
Not only Malaysians... Humans in nature are generally greedy... ;D
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We shouldn't jump to conclusion since we don't know what is really happening. It will do more harm to the people who have invested if the co is legitimate .Remember this is boleh land..fr tony.
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We shouldn't jump to conclusion since we don't know what is really happening. It will do more harm to the people who have invested if the co is legitimate .Remember this is boleh land..fr tony.
Why did the Singapore office get raided on the same day by Singapore authorities?
There are no conclusions to jump to. No legitimate investment scheme can provide the kind of returns promised.
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Tony gave a very reasonable & unbiase piece of thought.
Why raid this particular co; there are in existing over 30 similar co!
Why Singapore did the raid simultaneously? ........... remember what had happened to the then MXX president in the '80, did he done anything wrong compare to other CEO listed co in the similar position? Why single him out? If he remained in power. I strongly believed the political landscape in bolehland will change, if he was to pass on the helm to lion Lxx, rather than to kowtow Lxxx!
I just smell a rat here with GE13 coming! ;)
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kill on to scare a hundred mar.
seriously, i do not know why ppl think that are so many fat pigeons jumping around the street. 20%> returns?! no one in this world would be poor. Might as well do some leverage and put all "sai lang" and go head in and no one in this world ever need to work again.
nothing in this world comes easy lar... if it's too easy then it's fishy lar...
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Chris, if they arent legitimate, agreed money laundering or pyramid scheme may sound reasonable.
I believed u r in the properties line, definately had came across a lot of d former gigs. Nearing to our front, isnt anyone wonder why those shops selling luxurious household items still operating in VXXX despite poor business. Obviously, those clothing taikors in Kxxxxxx are behind this to balance their books lah!
Terry, dun u think they wanted to kill the bird in opposite camp; conti to feed their own birds? This is bolehland lah :Laughing_on_floor:
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I guess it's just like imperial china days. Back the wrong prince as emperor and get your whole family including pet dog and koi fish beheaded. :Laughing_on_floor:
But seriously these schemes sounds too good to be true and legitimate.
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Tan Koon Swan was arrested n charged n sentenced to jail in Singapore decades ago. Maybe someone else is not doing too well in the gold trading business n their eyes are becoming red n sore. please FIKIR FIKIR . just n only my opinion tony
Tony gave a very reasonable & unbiase piece of thought.
Why raid this particular co; there are in existing over 30 similar co!
Why Singapore did the raid simultaneously? ........... remember what had happened to the then MXX president in the '80, did he done anything wrong compare to other CEO listed co in the similar position? Why single him out? If he remained in power. I strongly believed the political landscape in bolehland will change, if he was to pass on the helm to lion Lxx, rather than to kowtow Lxxx!
I just smell a rat here with GE13 coming! ;)
We shouldn't jump to conclusion since we don't know what is really happening. It will do more harm to the people who have invested if the co is legitimate .Remember this is boleh land..fr tony.
Why did the Singapore office get raided on the same day by Singapore authorities?
There are no conclusions to jump to. No legitimate investment scheme can provide the kind of returns promised.
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Sometimes banks in NZ pay out over 20% pa . in interest rate as well ..regards tony
kill on to scare a hundred mar.
seriously, i do not know why ppl think that are so many fat pigeons jumping around the street. 20%> returns?! no one in this world would be poor. Might as well do some leverage and put all "sai lang" and go head in and no one in this world ever need to work again.
nothing in this world comes easy lar... if it's too easy then it's fishy lar...
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kill on to scare a hundred mar.
seriously, i do not know why ppl think that are so many fat pigeons jumping around the street. 20%> returns?! no one in this world would be poor. Might as well do some leverage and put all "sai lang" and go head in and no one in this world ever need to work again.
nothing in this world comes easy lar... if it's too easy then it's fishy lar...
This is exactly what they're doing.
Genneva gold is not the ONLY gold trading company that are offering high returns... there are plenty.
Now that Genneva is raided... what do you think the investors for the other gold trading companies are gonna think?
"Phew, lucky it's not the company I invested in" or "Damn, things are going downhill... better cash out now"
So when majority of investors cash out, company close down... domino effect.
Exactly what terrence mentioned... kill one to scare a hundred.
And cmon... this is all common sense... if there's really such an investment at such good returns that is legitimate... ppl shold take loans from banks and dump it in this investment since it's a sure thing right?
Anyway, I still hope no one here gets burned.
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They also charge you astronomical interest rate as well too
Sometimes banks in NZ pay out over 20% pa . in interest rate as well ..regards tonykill on to scare a hundred mar.
seriously, i do not know why ppl think that are so many fat pigeons jumping around the street. 20%> returns?! no one in this world would be poor. Might as well do some leverage and put all "sai lang" and go head in and no one in this world ever need to work again.
nothing in this world comes easy lar... if it's too easy then it's fishy lar...
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Yeah If all pulls out do you think these companies would have enough cash for payouts?
Are they regulated by any bodies that would guarantee their invested monies? Burn baby burn, disco inferno.
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Tony, If I remembered correctly, NZ Banks were offering double digits interest rate, but, not amounting to 20% few yrs ago. At that time some Aussie properties agent was trying to persuade me to invest in NZ, claiming that can have rental ROI of >10%. Terry has rightly pointed out that the mortgage rate then was horrendous too, that why I din jump into it. :D
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Anfield I think its around 1989 that's when my sister was there doing her third yr in law. correct me if i'm wrong..tony
Tony, If I remembered correctly, NZ Banks were offering double digits interest rate, but, not amounting to 20% few yrs ago. At that time some Aussie properties agent was trying to persuade me to invest in NZ, claiming that can have rental ROI of >10%. Terry has rightly pointed out that the mortgage rate then was horrendous too, that why I din jump into it. :D
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it's double digits interest, <15%, see link below:
http://www.nzs.com/new-zealand-finance/interest-rates/1989/
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Those were the days. You just reminded me how time flies Tq..fr tony..
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woooo....UMNO Youth to the rescue...what a timely act...
anyone remembers the Maika buyback a few years ago :laugh:
http://www.freemalaysiatoday.com/category/nation/2012/10/10/umno-to-the-rescue-of-genneva-gold-buyers/ (http://www.freemalaysiatoday.com/category/nation/2012/10/10/umno-to-the-rescue-of-genneva-gold-buyers/)
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Nah ............... politic! ;)
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woooo....UMNO Youth to the rescue...what a timely act...
anyone remembers the Maika buyback a few years ago :laugh:
http://www.freemalaysiatoday.com/category/nation/2012/10/10/umno-to-the-rescue-of-genneva-gold-buyers/ (http://www.freemalaysiatoday.com/category/nation/2012/10/10/umno-to-the-rescue-of-genneva-gold-buyers/)
Yeah right... ::)
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Ponzi scheme. (http://en.wikipedia.org/wiki/Ponzi_scheme)
Authorities gotta stop it before more people get hurt.
To see the consequences of inaction by the regulators, look no further than Madoff's case (http://money.howstuffworks.com/ponzi-scheme5.htm).
:Cheers:
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Ponzi scheme. (http://en.wikipedia.org/wiki/Ponzi_scheme)
Authorities gotta stop it before more people get hurt.
To see the consequences of inaction by the regulators, look no further than Madoff's case (http://money.howstuffworks.com/ponzi-scheme5.htm).
:Cheers:
Yeah.... This scheme not sustainable...
Gold never appreciate more than 24% a yr so they can nvr pay investor if they nvr use future money.... I think the invrstigator will get this fact from their account
I wonder who is their auditor
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Politics again ???
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Ponzi scheme. (http://en.wikipedia.org/wiki/Ponzi_scheme)
Authorities gotta stop it before more people get hurt.
To see the consequences of inaction by the regulators, look no further than Madoff's case (http://money.howstuffworks.com/ponzi-scheme5.htm).
:Cheers:
Yeah.... This scheme not sustainable...
Gold never appreciate more than 24% a yr so they can nvr pay investor if they nvr use future money.... I think the invrstigator will get this fact from their account
I wonder who is their auditor
don't need to look at the accounts. as you said, gold never appreciate 24% per year. if investors went in because they think it could, they're obviously assuming there would be a gold rush which never existed.
now the investors should go after the big shot YB/Tan Si/Datuk/Tun who were at the launching to "promote" the brand/company.
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Nowadays i heAR it is increase. What a good news :Dancing_banana:
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Somehow, I heard from someone before, Gold price will always go against the price of petrol..
as in, higher price of petrol, lower gold price, and vice - versa..
dunno how true is that...
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Somehow, I heard from someone before, Gold price will always go against the price of petrol..
as in, higher price of petrol, lower gold price, and vice - versa..
dunno how true is that...
Someone that u r refering can nvr be right
Bcoz
In long run both gold and petrol also will only go up...
History proof this... And I can bet with any1. In 5 yrs both petrol n hold with increase price!!!
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yea... guess so...
I remember, when i started working (4 1/2 yrs ago), the gold investment account was priced at 80+ / gram, now like crazy, 170 / gram
if juz i bought at that time.. =.="
now too expensive edy T.T
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yea... guess so...
I remember, when i started working (4 1/2 yrs ago), the gold investment account was priced at 80+ / gram, now like crazy, 170 / gram
if juz i bought at that time.. =.="
now too expensive edy T.T
Wait another 10 years when gold hits rm400 per gram and you'll be saying why didn't you buy when it's rm200... normal la bro...
When I started working, gold is selling at a dirt cheap rm32 per gram...
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hahaha...
agree agree
recently, I went to the Book Fest in KL Convention Centre, and got a speaker.. 4got his name
he is saying INVEST IN SILVER...
he said currently, silver is better than gold.. =.=" what u think?
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hahaha...
agree agree
recently, I went to the Book Fest in KL Convention Centre, and got a speaker.. 4got his name
he is saying INVEST IN SILVER...
he said currently, silver is better than gold.. =.=" what u think?
gains are slower but it will gain. if you invest and forget about it for a couple of years, you will make some money. don't expect 24% p.a. though...
:Laughing_on_floor:
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lol...
if wanna go for long run, maybe unit trusts are good... as a point of long term savings
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One uncle jokingly said during kopitiam chit chat, ........... The best job to advise ur enemy is to tell him or her to be a unit trust manager :Laughing_on_floor:
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lol..
dat is funny...
but why?
i myself work in a bank =.=" lucky not in a unit trust department
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Wait another 10 years when gold hits rm400 per gram and you'll be saying why didn't you buy when it's rm200... normal la bro...
When I started working, gold is selling at a dirt cheap rm32 per gram...
[/quote]
I remember when it was RM32/gram, back in 1981 (I think). I bought some gold wafer from Chartered Bank.
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Looks bit slow gold price is moving this 1 yr +, wait till neck long
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price these days hovering between USD1650 - USD1700/ounce. Good time to jump in. i bought some when it was USD1650/ounce. should be worth some money in 5 - 10 yrs time (i hope).
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wow! gold is at USD1633/ounce today. good time to buy.
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bumping up old thread. How's the market for 2013? Wanted to start slowly
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Gold is down. Today's price is USD1560/ounce. Good time to buy.
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Wah, gold is down down down, to USD1450/ounce.
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Gold price had been constantly going weak since Sep last year. I wonder how long will this persist.
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Gold fell 2.58% to USD1326 per ounce. We should wait for the price to stabilize first before picking it up because it's on a downtrend :Cheers:
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I just bought some.
"Time & Tide Wait For No One".
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I just bought some.
"Time & Tide Wait For No One".
:thumbsup:
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Gold rebounded
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Buy?
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I bought some at rm137.17
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Earlier on I saw 7thfort mentioned that the price is RM32 per gram back in year 1981.
I have checked the gold price history chart and it's more or less correct, depending on USD exchange rate then.
Fast forward 32 years to 2013, the price is now RM137.17.
This represents a 4.65% ROI per annum, which is not too far off from our inflation estimate.
Thus, based on this alone, it seems to indicate that gold price increase is in proportion to inflation.
To make $$$, your ROI will need to be higher than that, somewhere in the range of 6 - 8% for a safe investment.
Sifus please critic my logic for flaws, I am trying to convince myself to buy gold too :)
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how about silver ? :)
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try follow the update here guys, it has daily analysis on the market daily
http://www.dailyforex.com/forex-technical-analysis/2013/04/Gold-Price-Analysis-April-16-2013/19994
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Earlier on I saw 7thfort mentioned that the price is RM32 per gram back in year 1981.
I have checked the gold price history chart and it's more or less correct, depending on USD exchange rate then.
Fast forward 32 years to 2013, the price is now RM137.17.
This represents a 4.65% ROI per annum, which is not too far off from our inflation estimate.
Thus, based on this alone, it seems to indicate that gold price increase is in proportion to inflation.
To make $$$, your ROI will need to be higher than that, somewhere in the range of 6 - 8% for a safe investment.
Sifus please critic my logic for flaws, I am trying to convince myself to buy gold too :)
Gold is one of the oldest instrument to hedge against inflation. Last time our money was backed by gold bullion; nowadays more and more money is being printed backed by nothing except empty promises and hot air. I would think of buying gold as a way to keep the value of my savings; so instead of gold getting more and more expensive it's our money that is getting cheaper. Of course I would prefer stocks as an investment but I do put some money in gold as a means of diversification. I first bought in 2008 back when it was RM80+ per g.
The reason why gold returns will be better than inflation because everyone will think that gold is the way to go to hedge against money printing; thus driving the price higher. FYI I didn't buy into the gold is going to > USD2k crap because I believe everything thing that goes up will eventually go up. So this current dip in price is a buying opportunity for me (not trying to convince you). Long term, it will still go up because our governments will not stop printing.
Silver imo is not that worth it. For my investments I like to go for the leader; in this case it's gold
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Gold is up to USD1400 per ounce. Good time to buy some. I did.
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lol just went to mid valley yesterday and poh kong was swamped with ppl, looks more like a pasar malam
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lol just went to mid valley yesterday and poh kong was swamped with ppl, looks more like a pasar malam
I read the gold rush also as happen in Singapore, Hong Kong, India, etc.
Traditionally some of us would buy gold as wedding/birthday gifts, etc. and so this is a good opportunity to get it cheap before it shoot up to RM180/gm.
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Saw the same pasar malam type activities at many goldsmiths once the price for 999 dropped from RM205 to RM165. Really funny seeing that bullion was traded at RM137 +/- and gold deposit accounts selling around the RM13x to RM14x mark.
Whoever caused the drop in gold spot price has created the consumer buying frenzy they intended. I sure hope no one dumps another 400 tons on the market anytime soon.. or maybe I do??
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Is it the lighting or the colour of the BNM Kijang rather light for 999 ? It looks like 9999 grade printed on it?
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Is it the lighting or the colour of the BNM Kijang rather light for 999 ? It looks like 9999 grade printed on it?
Think it's the lighting, ya says there 999.9 fine gold
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Is it the lighting or the colour of the BNM Kijang rather light for 999 ? It looks like 9999 grade printed on it?
Think it's the lighting, ya says there 999.9 fine gold
Is there a difference between 999.9 and what's commonly called 999 ?
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Is it the lighting or the colour of the BNM Kijang rather light for 999 ? It looks like 9999 grade printed on it?
Think it's the lighting, ya says there 999.9 fine gold
Is there a difference between 999.9 and what's commonly called 999 ?
I honestly don't know. But the perks of buying from a bank is they will buy it back anytime at market value less 3%
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Is it the lighting or the colour of the BNM Kijang rather light for 999 ? It looks like 9999 grade printed on it?
Think it's the lighting, ya says there 999.9 fine gold
Is there a difference between 999.9 and what's commonly called 999 ?
I honestly don't know. But the perks of buying from a bank is they will buy it back anytime at market value less 3%
If buying from the bank, do they provide complimentary storage as well?
Generally how do gold purchasers deal with storage?
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Bury it in your backyard...
:Cheers:
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Is it the lighting or the colour of the BNM Kijang rather light for 999 ? It looks like 9999 grade printed on it?
Think it's the lighting, ya says there 999.9 fine gold
Is there a difference between 999.9 and what's commonly called 999 ?
I honestly don't know. But the perks of buying from a bank is they will buy it back anytime at market value less 3%
If buying from the bank, do they provide complimentary storage as well?
Generally how do gold purchasers deal with storage?
Keep in safe box at the bank
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Gold price for the last couple of days hovering around the RM137-RM138 mark. This is the lowest since mid April when it went down to RM134.
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Its a little cold off topics, but I read in the news the genneva case the courts found all tbe defendants not guilty and all the transaction are valid. Perhaps bank negara will unfreeze their company account? Or maybe all the investors can get back their money/gold or continue enjoying their divident/bonus should they want to keep their gold with the company? Anybody got any updates? Maybe all the investor will stock up more gold with genneva since the price is down now?
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Its a little cold off topics, but I read in the news the genneva case the courts found all tbe defendants not guilty and all the transaction are valid. Perhaps bank negara will unfreeze their company account? Or maybe all the investors can get back their money/gold or continue enjoying their divident/bonus should they want to keep their gold with the company? Anybody got any updates? Maybe all the investor will stock up more gold with genneva since the price is down now?
Genneva's business model is unsustainable . It requires constant influx of new members to keep paying the interests to existing members (which coincidentally similar to a
Ponzi scheme )
But unfortunately this acquittal should placate Geneva fans and would fan interests in would be investors . The danger is what If there is a mass request for withdrawals . I doubt there is enough money or bullion
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with gold and silver price going down now and there are also speculation that the price will dive further, what else can we invest?
Unit trust : take too long to materialise
stock : test your patience
gold : collapsing price
property : too much choices
what else?
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Rolek
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Rolek
made in china
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with gold and silver price going down now and there are also speculation that the price will dive further, what else can we invest?
Unit trust : take too long to materialise
stock : test your patience
gold : collapsing price
property : too much choices
what else?
What investments are you in at the moment?
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Today gold is as USD1250/ounce. Real bargain price.
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Precious metal = depleting and in basic economic, anything in demand and deplete in supply will increase it total value over time
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Precious metal = depleting and in basic economic, anything in demand and deplete in supply will increase it total value over time
I'm afraid I have to disagree with you on that one. Any other metal it would be true, but gold is mostly stored in the form of jewellery , coins and bullion so it is not exactly "used" per se. Other than a miniscule amount used in electronics, the amount of gold in storage in the world has not depleted, in fact it it increased with mining
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Hello, As now a days plenty of people are doing investment in gold bars. As there is very high risk of security of gold. So, its better to invest in stock market as i am doing. All the best for your investment and get more profit by doing investment in stock market.
:thumbsup:
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Buy or invest in what you know will be my best advice whether it's gold, stocks, watch, cars , commodity, forex....etc. Otherwise your investment decision is no different from the ladies in the wet market using rumor and hearsay to make their investment decision without facts and research.
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frankly gold has dropped to a low and usually parked against USD it will be going down i forsee a lil more...
gold and oil prices usually go up and down against USD thats my formula...
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Yes the gold prizes will still go high. As in normal case gold and oil prizes usually go up and down against USD many people think this. If you want to buy or sell gold it never harms. As it is always in the safer hands.
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Yes the gold prizes will still go high. As in normal case gold and oil prizes usually go up and down against USD many people think this. If you want to buy or sell gold it never harms. As it is always in the safer hands.
Last I remembered, this is a watch forum and yet all you post about is about encouraging people to get burnt in a market (gold/stocks/oil) which few are well equipped to invest in. I would rather encourage people to go invest in farming companies. At least that would produce food.
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Watch greece issue. If USD strong then gold will defalued. But not much...
Sent from my SM-N750 using Tapatalk
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I have one gold necklace to sell.
How to sell? go to pawn shop or can go to those jewelry shops saying I want to sell?
hai..economy no good...
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You can sell it at jewelry shop.
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Ckl, see [ mod : no commercial link pls ]
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how to investment do on gold??? meaning we can buy the gold through investment and own it by physically?
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Try look into Maybank and public bank gold investment account. They sell gold on paper. You can buy and sell via online banking. It's like current exchange business model, buy in at one price and sell at a little bit lower than current price cos some deduction for their fee. It's safer than you keep gold bar
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I would recommend to buy Gold via UOB Gold Saving account. The buy and sell differs a bit only. This is the best I observed so far.
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I would recommend to buy Gold via UOB Gold Saving account. The buy and sell differs a bit only. This is the best I observed so far.
the last i study also UOB the best...
anyway, i empty my public GIA for long time b4 price dip down
still not thinking to invest in gold again
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I have one gold necklace to sell.
How to sell? go to pawn shop or can go to those jewelry shops saying I want to sell?
hai..economy no good...
But you at the worst time to sell gold if you did it 3 years ago would sell it at better price
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Back to 1200 level against USD...overall YTD equity market corrected 10-20%. Except gold...
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Happened to be at Poh Kong last week. They're encouraging ppl to buy gold bar as hedge against RM.
If not mistaken, the price;
500 gm = RM 65k
1kg = RM 129k
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Retail price ain't that cheap; international spot gold price today googled to be ~MYR166/g, ie., MYR166,000 for a Kilo Bar!
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Oh sorry. Then it must have been 85k for 500 gm & 169k for 1kg.
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went to Tomei at mid valley this afternoon , they sell 500g at rm86k and 1kg at 171k
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I think that matter is normal that the gold price will increase year by year.
so do you trade without hesitation.
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hedge agaisnt MYR? dont play play ya.
hedge agaisnt MYR in malaysia you can legally open a foreign currency account at any major bank.
that is the safer option.
Gold is subject to price drop because of a lot other matter than USD, and the flactuation of gold does not always in sync with MYR.
on the other hand, forex is safer because, well, u hedge currency agaisnt currency.
if MYR drop, it drop agaisnt ALL currency, not just one or two.
of cos, they only way to do it legally is thru bank, not forex website ya.
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Someone with simple mind like me accumulate gold in solid form for 2 simple reasons: (1). Heirloom to pass down thru' generation, in the form of kilobar. (2). Effective commodity during emergency period when currency became worthless pieces of paper, in the form of 100g minibar. Definately not to hedge against inflation, & neither is forex, commodities, stocks, & watches. Car is a negative equity, which only donkey would have invests into! Otoh, land & properties are the best hedges, as the former is getting scarce, & the latter is diectly dependent variable against the former. Of course, don't limit your land & properties investment in one particular country only, as the saying go ........ the world is our oyster.
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With the mind like you is the best mind in investing anything.too many ppl invest because they afraid of losing the opportunity to gain something, not with the mind of protecting their wealth. Wishing you a smooth sail in your investment!
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Lol. But in the first place why would anyone equate a car to an investment?
Sent from my SM-N9005 using Tapatalk
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IMHO, Anyone expecting the September 2011 all time gold price high of USD$ 1826 per ounce to come anytime soon is dreaming. I bought a little gold in 2014/2015 when it was high and needless to say if I sold it off today i'd still make a loss. All these years I've been subscribing to http://silver-and-gold-prices.goldprice.org/ which has reviews sent to your email 5 days a week by this brilliant writer called Franklin. God knows how many years will pass before we ever see the previous peaks of gold...Sigghhhh
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IMHO, Anyone expecting the September 2011 all time gold price high of USD$ 1826 per ounce to come anytime soon is dreaming. I bought a little gold in 2014/2015 when it was high and needless to say if I sold it off today i'd still make a loss. All these years I've been subscribing to http://silver-and-gold-prices.goldprice.org/ which has reviews sent to your email 5 days a week by this brilliant writer called Franklin. God knows how many years will pass before we ever see the previous peaks of gold...Sigghhhh
I totally feel you. I bought in gold (not really gold future but through AmPrecious trust fund) at the price of USD1350/oz and now it's at USD1200/oz. It seems like it's not going back up in the near future. I even considered selling at 10% loss after Donald Trump won and then came India dumping gold and making it go even lower. !@#$!
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Finally the gold price today is USD 1400/oz
Time to sell. bro.
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Buying gold is done to keep your cash from losing value primarily but 2019 is the year for gold and silver that many of us have long been waiting for.
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As always gold goes up when real interest rates goes down. And US central banks and other central banks are starting to cut rates. Hence, gold will rally. Silver not much though. It's a different case.
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Looks like Gold is making a good come back with US looking to cut interest rate further. Good luck for those still holding on to it.
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Unknowingly, the gold price is now above USD 1900/Oz.
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Gold is still on the rising even today ;D