Hap Seng latest Qeps 4.8 sen. Before the corporate exercise it was (nta 471, Q/Q 23/ 8/ 18/ 14sen ) Fv= RM1.60, now trading at RM1.30, declares a tax exepted dv 3.9 sen, going ex 9th Sept.
Hunza Pty (nta 244, QQ 7.4/ 18/ 5.3/ 5.9/ 4.2 sen) Fv= RM1.60... now trading at RM1.50, propose a tax exempted dv 5.6 sen
Gold chart suggest buying at USD 1,500/oz level. I think USD 1,550 is a good entry point. I'll be taking a position at USD 1,600/oz.
In Malaysian Ringgit, that's (1,600 x 2.98)/31.1 = RM 153/ gram
Two pre-requisites: 1).. Buy only with the cash that you won't be needing for 5 years.
2).. Buy when you have worked into a deep-seated belief that gold will rise to RM300/gm. You must be willing to "buy and forget" this asset; it's for the long haul.
People who are considering buying into units of 3 or 4 years capital guaranteed funds should fare better in this gold investment. Capital guranteed fund promise you at best 30% but hardly delivers. Gold in physical or "paper" does indeed surpasses that figure. Please dont buy into unit trust portfolio (gold miners/gold fund/ precious metal); that's a different ball game as the price of unit may not correlate exactly with price of physical gold.
Buy "paper gold" (Public Bk, Maybank, CIMB passbook) if you intend to sell within next year or so. Buy physical if you intend to hold 10, 30 years, 50 years, 100 years.? Physical gold will be most valuable when the world currencies collapse.. I joke with my friends that 20 pcs of gold coin will buy a bungalow in turbulent times like that...
Maybank will phase out the trading of Bank Negara minted Kijang Gold Coin soon and I suggest you guys go grab at least one. It may have numismatic value later.
So far our central bank Bank Negara hasn't stopped the Kelantan and Perak Govt from minting/monetising their own gold coins and using it as a monetary currency in designated public/ private enterprise. Buy some of these too as it could be rare items in the future..
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1 comment:
"People who are considering buying into units of 3 or 4 years capital guaranteed funds should fare better in this gold investment. Capital guranteed fund promise you at best 30% but hardly delivers. Gold in physical or "paper" does indeed surpasses that figure. Please dont buy into unit trust portfolio (gold miners/gold fund/ precious metal); that's a different ball game as the price of unit may not correlate exactly with price of physical gold."
I truly agree with your statement above. These funds don't correlate well with precious metals uprising. I once bought one before gold start to shoot up. I don't see any gains that correlate with gold's ascension to reach USD2,000!!
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