Last week, I went shopping with my wife looking for jewelry for my brother-in-law. He is getting married end of this year. As Chinese, it is customary for close siblings to give Gold during tea ceremony. We decided that it is best that we buy at today’s price rather than buying year end’s price. This is my first experience in buying gold from a local jewelry shop.
We headed down to Sungai Wang Plaza as there are few big franchise jewelry shops. After checking out few shops, we locked our eyes on a simple but elegant gold 916 bracelet from Tomei Jewelry shop located at BB Plaza. Gold was priced at RM205/gram that day.
Eric Sprott of Sprott.com and James Turk, of GoldMoney Foundation, talk about how there isn’t enough silver in the silver market to back existing “paper silver” commitments. Sprott thinks that “silver will be the investment of this decade”. [Read more →]
I was doing my regular check on Kijang Emas price via Bank Negara website and to my surprise, the difference between the buying and selling price for 1 oz of Kijang Emas is now RM233!
It’s a little bit passed 2.00 am now so the price I am referring now is actually yesterday’s price. The buying price for Kijang Emas is RM6,014 and selling price is RM5,781. RM233 is an huge price gap in Kijang Emas price history.
Armed with Excel, I dived into the historic data on Kijang Emas prices and crunched it to check if the spread is still the same during this current wild bull ride on precious metals.
Michael Maloney or Mike Maloney has been the precious metals investment advisor to Robert Kiyosaki since 2005. His advise has prompted Robert Kiyosaki to buy a large amount of silver when silver was priced at around $USD4/ozt.
Last week, I went shopping with my wife looking for jewelry for my brother-in-law. He is getting married end of this year. As Chinese, it is customary for close siblings to give Gold during tea ceremony. We decided that it is best that we buy at today’s price rather than buying year end’s price. This is my first experience in buying gold from a local jewelry shop.
I was doing my regular check on Kijang Emas price via 
