When can I buy gold again?

When I started investing in gold, it was only about RM90++ per gram. That was the price in 2008, 4 years ago. As of today, the gold price is at RM170++ per gram. That is about 88% increased in 4 years time. I am sure those who read this will think that I am rich already. I am not coz, I sold most of them when we are short of cash. Too bad. If not I "fatt-tatt" now. The price of gold is quite high now. Even if I have some extra cash now, I won't buy. Waiting for the price to go lower than RM170. Will it?

Have You Buy Gold? Have You?

If you have not start investing in gold or buy gold coins. You really should consider it you know. I started investing in gold one and a half year ago and during that time the price of gold is only RM95. Today, the latest gold investment rate is RM142! Count for yourself how much I have profited. If I sell my gold now lar. ;) No fixed deposit can give you that much return. I am going to keep that gold for another 10 years. I hope by then, it will be enough to support my children's higher education expenses. ;)

Gold Price Dropped

The gold price dropped from RM141 last week to RM138 this week. This is a very good time to buy gold. I am sure the price will go up again in no time. Where can I find cash to buy gold? Time to withdraw the little that is left in my Paypal and maybe convert some of my children savings account to buy gold. I think this time I will open an account at UOB coz the difference between buying and selling is only RM2 compared to other bank that charges more than RM4! But then, the minimum balance in the account must be 10g if not they will charge administration fee. Not a big issue coz I don't plan to withdraw until my children enter college.

Gold Investment Account at UOB

For us, Malaysian who are not so rich to buy gold bullion from United States Gold Bureau, we can always invest in gold in the form of gold investment savings account. Besides MBB and PBB, you can now open a gold investment savings account at UOB too. However, there is pro and cons investing with UOB. The pro is the difference between buying and selling prices is low; it is only RM2 compared to the other 2 banks. The cons are, the minimum subsequent purchase is 5g until the other 2 banks which only requires 1g. All 3 banks requires you to have a savings or current account with them before opening the gold investment account. At UOB the minimum amount required to open a savings account is RM2k and that amount cannot be touched. At anytime if the amount in your savings account is less than RM2k, you will be charged administration fee. I think it is RM5 (or more) for each month! So, prepare at least RM5k if you want to open a gold account with UOB.

God's Wallet

Do you know that we are God's wallet? God is using us as a vessel in this world to help others in need. When pray for financial help, God can just increase the amount in our savings account. The banking system will go haywire. So what He can do is use people like you and me to bless others with our money. We must be a willing wallet too you know; don't let the zipper or snap button get stuck. Give willingly and cheerfully and God will surely put more in His wallet for us to spend; maybe, more than enough to buy gold bullion and to continue giving.

USD Goes Down, Gold Goes Up

Why when USD goes down, the price of gold goes up??? I wish it is not the case since I need as much MYR as I could so that I can buy gold coins especially when I finally have some money in my Paypal to withdraw. When I don't have much to withdraw, the price of gold is quite low and stay put at that particular price for quite some time. When I have enough to withdraw, the price of gold went up another MYR10/g! And it is still going up. And at the same time USD keep on dropping lower and lower. :(

Low Exchange Rate

Why is the value of USD keeps on dropping? Everyone going for Euro dollar is it? Due to that, I am not getting much online income after conversion compared to many months ago. After so long of not withdrawing any USD from my paypal, I thought of withdrawing some to invest in gold coin. Upon seeing the exchange rate, I decided to wait a little longer hoping that the rate will go up higher. Unfortunately, it went down lower! So, I quickly withdraw some but still have not use the money to buy any gold yet because the gold price went up higher!

Where to Buy Gold?

When someone ask me as to where they can buy gold, the first place that will appear in my mind is at the goldsmith shop or the jewelry shop. Do you know that there is actually places that sell gold that is not mean for you to wear on your body? They are 100% for investment or to pay random. kekekekeke.

Here is one of those places; United States Gold Bureau. There you can purchase silver too besides gold or other precious metals and coins. It will be sent to you personally or you can request them to send your "precious" to safe storage at an independent bank or depository.

Gold Coins

How I wish I have lots of gold coins now. Those days when I am still working, there are many opportunity for me to buy gold coins but I brushed it aside not knowing the value of it.

If I were to buy some then, I would be rich by now coz the price of gold has increased to more than double. tsk, tsk, tsk. :( As it is, I see only people get rich lar since I don't have extra income now to buy my own gold.

I am still searching for my gifting; any skill or talent that could help me earn some extra income. So far, none that I am really good at. :(

St. Patrick's Day = Pot of Gold

I came to know what is St. Patrick's day when I play Farmville recently. We were give a pot which is to be filled with gold. We had fun sending, receiving and sharing golds when we surpassed our neighbour's gold count.

How I wish it is that easy to get gold in real life. :P. Wanna buy gold coins, we got to work really, really hard. Thanks to the gold investment account, everyone can invest in gold with a minimum of 1g each purchase.

Got money, buy gold ok? The price has gone down from RM122 to RM119. How I wish I have some extra cash now. :D

When Is the Best Time To Buy Gold

Two months ago when the price of gold started to increase, I sold some of my gold to pay up hubby's business loan. The officer at the bank told me that I can always buy again just before the Chinese New Year because it is the trend every year that the price of gold will decrease just before Chinese New Year.

This will be the best time to buy gold bullion. Furthermore, I read the Gold exchange-traded funds (ETFs) will soon be hitting the Thailand stock market. They agreed last month to permit two different types of gold ETFs into the market. The two types will be: ETF feeder fund investing in an overseas gold fund and an ETF directly investing in gold bullion in the local market.

Gold Price Increases

Do you follow the gold price everyday? I don't. It is because I don't intend to sell my gold in a short term. I want to wait till the price doubled the amount that I purchase. Then it is worth the investment.

Unfortunately, we have other commitment in life. And I have to forgo a sum of my gold yesterday. :( The gold price increased a lot and we took this opportunity to sell some and pay up our business loan.

Today, it increased further! The Maybank gold price is at 117.06/g. Hmmm...if I know, I'd wait. The difference is enough for me to buy a new Toto toilet. LOL.

Gold Price Doubled in 10 Years Time

If you are planning to invest in gold; opening a Gold Saving Accounts or just buy gold coins, now is a good time to buy because the price has dropped so much since the last time I bought.

I can't imagine that I took the risk and bought some gold when the price was the highest at RM122/g. Crazy right? Anyway, since this will be a long term investment for me, I am not worrying too much. Let's wait and see in 10 years time.

10 years ago when the gold price was only around RM50 ++ per gram and now it has doubled. Will it double again in another 10 years time? We shall wait and see. =)

Gold Price Dropped Some More!

I sooooo regretted buying at RM122. Now the Gold price is only at RM117. I lost RM5 per gram leh. Of all the days, that day I bought the most! =(

I am consoling myself that this is for long term investment and I shall not monitor the Gold price everyday.

No point getting stress up just because of it. =)