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Friday, April 25, 2008

Getting tired of choppy waves, need to park your yatch and fish ashore?

Public Bank will be launching this gold investment scheme very soon. Check out more details here. I understand Maybank is also offering similar investment scheme.

Is it a good investment vehicle or not? It is very much depending on:
1) Spot gold price movement.
2) MYR / USD exchange rate.

Strategy will of course be investing it at best spot price when MYR is at its strongest position (ideally) against USD.

Maybe I can use this for short term trading platform on gold.. kekeke.

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Words borrowed from Dr. Alexander Elder:

Trading is so exciting that it often makes amateurs feel high ...Nobody can get high and make money at the same time.

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