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Showing posts with the label gold

How many way to invest in Gold?

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If you want to invest in Gold, at least there are three ways. First, you buy a real Gold Bar. However, the problem is it's too heavy and difficult to move around. Another problem is you need to find ways to part it or keep it in safe place. (and to buy insurance just in case of theft protection) The other way, you can go to bank to save the Gold, they will give you password account to record down how many grams of Gold you invest. For example, you can go to local bank (Maybank, CIMB or Public Bank) to open  Gold Investment Account:  http://bursastory.blogspot.com/2012/06/maybanks-gold-investment-go-online.html The above 2 methods are mean for those who want to buy Gold for medium to long term. However, if you would like to trade Gold (Buy and Sell in short to medium term) then you may opt for SPDR Gold Share. This is similar to ETF (Exchange Trust Funds) or people call this SPDR Gold Trust, the fund which invested into Gold. For Asian, I recommend to invest in Hong Kon...

Maybank's Gold Investment go online

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Last year, I posted inquiry to three Malaysia largest bank, say investors are looking forward to buy gold online. None of them reply my query. I thought they already forgot. Until recently, noticed that “Maybank Gold Investment Account” now enable investor to buy and sell gold online, I believe this is the first bank in Malaysia to allow investor buy and sell gold from online internet banking. They even got the special promotion till 30 June 2012, for details, read the below:  http://maybankgoforgold.com/ . The spread of buying and selling price is bit high. For example, today's Selling and Buying price are RM169.40 and RM162.28 per gram. (Gold price in today's quote USD1618/ounce) Meaning the bank will make the profit no matter the gold price up or down. For instant, if a customer buy 10 gram of gold, the bank will earn RM70++.  . This is good news from investor point of view, I will give another good mark to Maybank, thumb up!! In next few months, I expect the o...

Gold price and Interest Rate

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Prediction by HDBS, economy already recovered and short term interest rate is expected to increase in next 6 months.The recovery of economy going to take time, hence, expected long term interest rate to remain stable. What would be the impact to Gold price? In view of the short term interest rate going to increase, the cost of holding gold would increase. People going to liquidate their position and they will when gold price start to show weekness. From the chat, gold price has breakout the long term resistence of USD1000 recently and touch the high of USD1200+. However, the gold miner chat not show the similar pattern. Who is the buyer that cause gold price go up all the way after breaking USD1000 level? Well, the research report show for top 10 holder of gold, all are countries but except the top buyer, which is a company. Since they bet on the gold price will going up, sooner or later, when the price going soft, they will force to liquidate their position. Another similar commodity,...