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 Buying Gold As Investment V2, 2011 Gold Rush From Oil Hype

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spikyz
post Aug 3 2011, 11:54 PM

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aah. so its 995, anyway..other than that, the price given on the website is referring to spot price or 995 price?

do they have a link where they give price list for their gold? like uob and maybank price list for their golds?
whizzkid
post Aug 4 2011, 12:08 AM

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QUOTE(spikyz @ Aug 3 2011, 11:54 PM)
aah. so its 995, anyway..other than that, the price given on the website is referring to spot price or 995 price?

do they have a link where they give price list for their gold? like uob and maybank price list for their golds?
*
http://www.kfh.com.my/kfhmb/

The price is located at the left of the web
FrancescoTop8
post Aug 4 2011, 12:22 AM

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QUOTE(whizzkid @ Aug 3 2011, 11:27 PM)
KFH purity 995, a bit lower than other goldbar
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Yes. They are 995.
KFH in process to replace their 995 to 999.
Their customer should get the free survey sms that asking either they interested to replace the old 995 to 999.

In Turkey & Arabs, 995 are common but not in Malaysia.
Since KFH want to have bigger pie in gold investment, they have to capture the norms of Malaysian.

Basicly, not much differences between 995 and 999.
They were almost in the same ballpark.
Just slight differences in percentage of purity & price.

whizzkid
post Aug 4 2011, 12:41 AM

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QUOTE(FrancescoTop8 @ Aug 4 2011, 12:22 AM)
Yes. They are 995.
KFH in process to replace their 995 to 999.
Their customer should get the free survey sms that asking either they interested to replace the old 995 to 999. 

In Turkey & Arabs, 995 are common but not in Malaysia.
Since KFH want to have bigger pie in gold investment, they have to capture the norms of Malaysian.

Basicly, not much differences between 995 and 999.
They were almost in the same ballpark.
Just slight differences in percentage of purity & price.
*
If i'm not mistaken their common jewellery also different, ours using 916 while saudi using 850.
smokymcpot
post Aug 4 2011, 01:13 PM

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Anyone know what is the conditions to buy gold coins from uob? Looking for 1/10oz and 1/20 oz.
whizzkid
post Aug 4 2011, 03:00 PM

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"adalah dimaklumkan bahawa akaun emas Maybank GSPA (Gold Savings Passbook Account) kini ditukar kepada MGIA(Maybank Gold Investment Account) berkuatkuasa mulai 16 Mei 2011. Bagi yg ingin menukar buku akaun anda kpada emas fizikal, anda diminta berbuat demikian sebelum 2 September 2011 dgn bayaran premium akan dikenakan. Selepas tarikh itu, pertukaran yg dibolehkan cumalah melalui terma kredit atau tunai melalui akaun masing2. Bagi pemegang akaun GSPA yg memegang gold wafer Maybank, bolehlah ditukarkan dengan tunai atau memilih utk dikreditkan wang ke akaun anda pada harga pasaran di cawangan Maybank terpilih sehingga 2 September 2011. Sila hubungi cawangan Maybank terdekat utk keterangan lanjt.. harap maklum.."



Discontinuation of Physical Gold Wafers

Dear Valued Customer,

With effect from 16 May 2011, Gold Savings Passbook Account (GSPA) has been renamed as Maybank Gold Investment Account (MGIA). In line with MGIA's enhanced features, existing GSPA accountholders who wish to withdraw from their account in a form of gold wafer may do so, subject to availability as per Clause 16.2 of the GSPA Agreement with a premium charge applicable. Accountholders have until 2 September 2011 to withdraw in the form of wafers, after which the available options of payment will only be in the form of cash or credit into their accounts.

For GSPA accountholders who are holding Maybank gold wafers, you may convert the gold wafers to cash or credit them to your account at the prevailing market price at selected Maybank branches from now till 2 September 2011. The selected Maybank branches are listed below:

http://www.maybank2u.com.my/mbb_info/m2u/p...d=/mbb/Personal

This post has been edited by whizzkid: Aug 4 2011, 03:24 PM
kelvyn
post Aug 4 2011, 04:31 PM

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A bit curious. Are these referring to the Kijang gold coin as well? It seems quite difficult to buy the gold coins as you have to wait for availability.

spikyz
post Aug 4 2011, 04:32 PM

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QUOTE(whizzkid @ Aug 4 2011, 12:08 AM)
http://www.kfh.com.my/kfhmb/

The price is located at the left of the web
*
Hi whizzkid, thanks for your reply, however if you read my previous comment before (yesterday)..


QUOTE(spikyz @ Aug 3 2011, 06:18 PM)
aah thanks for your answer. so does this mean below is the KFH price for gold? its physical gold price not the spot price? if this is d spot price, where can i find their physical gold prices?

Gold Price
Updated: Wednesday, 03 Aug 2011
Time Updated: 09:19:02 AM
Currency Buy Sell
MYR /gram 155.3700 162.520

but then
i still cant find info on physical gold they selling. izzit pamp? izzit kinebar?
*
Yes, i saw on the left of the web. the price for gold. yes correct. however my questions are

1. Is this a price for spot gold or the price for KFH physical gold waffer (995 purity)?
2. Do they have a price list like UOB/maybank, that state how much d price for each waffer bar they have? For example, maybank show price list for 1oz, 1/2oz and 1/4oz and their prices respectively. does KFH have such info? i believe on the left bar side of KFH website is the spot price for gold. which is not what im looking for [The price list of their gold product]

thanks
azizulego
post Aug 4 2011, 04:38 PM

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QUOTE(whizzkid @ Aug 4 2011, 03:00 PM)
"adalah dimaklumkan bahawa akaun emas Maybank GSPA (Gold Savings Passbook Account) kini ditukar kepada MGIA(Maybank Gold Investment Account) berkuatkuasa mulai 16 Mei 2011. Bagi yg ingin menukar buku akaun anda kpada emas fizikal, anda diminta berbuat demikian sebelum 2 September 2011 dgn bayaran premium akan dikenakan. Selepas tarikh itu, pertukaran yg dibolehkan cumalah melalui terma kredit atau tunai melalui akaun masing2. Bagi pemegang akaun GSPA yg memegang gold wafer Maybank, bolehlah ditukarkan dengan tunai atau memilih utk dikreditkan wang ke akaun anda pada harga pasaran di cawangan Maybank terpilih sehingga 2 September 2011. Sila hubungi cawangan Maybank terdekat utk keterangan lanjt.. harap maklum.."
Discontinuation of Physical Gold Wafers

Dear Valued Customer,

With effect from 16 May 2011, Gold Savings Passbook Account (GSPA) has been renamed as Maybank Gold Investment Account (MGIA). In line with MGIA's enhanced features, existing GSPA accountholders who wish to withdraw from their account in a form of gold wafer may do so, subject to availability as per Clause 16.2 of the GSPA Agreement with a premium charge applicable. Accountholders have until 2 September 2011 to withdraw in the form of wafers, after which the available options of payment will only be in the form of cash or credit into their accounts.

For GSPA accountholders who are holding Maybank gold wafers, you may convert the gold wafers to cash or credit them to your account at the prevailing market price at selected Maybank branches from now till 2 September 2011. The selected Maybank branches are listed below:

http://www.maybank2u.com.my/mbb_info/m2u/p...d=/mbb/Personal
*
That is why i don't like to hold paper gold... It's the bank who decide what they want to do with my gold....

Hey it's my gold anyway... it's up to me with what i want to do with it... i can eat it.. i can sleep with it...

p/s:- Lesson learned.. never trust those bankers tongue.gif
p/s2:- For Muslim it's clearly not shariah compliance afterwards..
p/s3:- you can add my psn id azizulego tongue.gif tongue.gif

This post has been edited by azizulego: Aug 4 2011, 04:41 PM
kamikLM
post Aug 4 2011, 04:46 PM

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i see now the price for gold is high, and as investment it good to buy but now is too high which i can't afford
whizzkid
post Aug 4 2011, 04:54 PM

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QUOTE(spikyz @ Aug 4 2011, 04:32 PM)
Hi whizzkid, thanks for your reply, however if you read my previous comment before (yesterday)..
Yes, i saw on the left of the web. the price for gold. yes correct. however my questions are

1. Is this a price for spot gold or the price for KFH physical gold waffer (995 purity)?
2. Do they have a price list like UOB/maybank, that state how much d price for each waffer bar they have? For example, maybank show price list for 1oz, 1/2oz and 1/4oz and their prices respectively. does KFH have such info? i believe on the left bar side of KFH website is the spot price for gold. which is not what im looking for [The price list of their gold product]

thanks
*
Updated: Thursday, 04 Aug 2011
Time Updated: 09:31:01 AM
Currency Buy Sell
MYR /gram 155.5000 (Buy) 162.5600(Sell)

1. I think that is the KFH physical gold, not spot price. Today's spot price is lower than that.

2. I'm not sure about that. Maybe their price per gram is same for all weights, that's why only 1 price stated at the web.
For instance, 10g =RM1625.60 (RM162.56/gram) , 100g = Rm16,256 (RM162.56/gram). It's just my thought.. biggrin.gif
For exact information, better u call KFH directly.. tongue.gif
kelvyn
post Aug 4 2011, 04:54 PM

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If you don't buy now, it will reach even higher later. By that time, you will say that it is out of your reach smile.gif
whizzkid
post Aug 4 2011, 04:57 PM

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Better late than never =)
lustman
post Aug 4 2011, 06:28 PM

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QUOTE(kelvyn @ Aug 4 2011, 04:54 PM)
If you don't buy now, it will reach even higher later. By that time, you will say that it is out of your reach  smile.gif
*
this is exactly what i'm trying to say but no one seems to bother.

debt-ceiling, QE3, and what not championed the main discussion without realizing the price is going up bit by bit.

typical human being character doh.gif

spikyz
post Aug 4 2011, 10:19 PM

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QUOTE(whizzkid @ Aug 4 2011, 04:54 PM)
Updated: Thursday, 04 Aug 2011
Time Updated: 09:31:01 AM
Currency Buy                    Sell
MYR /gram 155.5000 (Buy) 162.5600(Sell)

1. I think that is the KFH physical gold, not spot price. Today's spot price  is lower than that.

2. I'm not sure about that. Maybe their price per gram is same for all weights, that's why only 1 price stated at the web.
For instance,  10g =RM1625.60 (RM162.56/gram) , 100g = Rm16,256 (RM162.56/gram). It's just my thought.. biggrin.gif
For exact information, better u call KFH directly..  tongue.gif
*
Hahah thanks. Yeah i think d same..but to offer same price for all d grams...is not attractive offer right? hehe. yeah i think ill go for kijang emas instead. =D
keii-kun
post Aug 4 2011, 10:41 PM

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my uob gspa +4.70/gm already since last week laugh.gif regret buying the nugget, should have put all in the gspa.

my mbb gia from last year almost +30/gm rclxm9.gif rclxm9.gif

of course buy when you can afford, even 1/20oz cos later you will say regret2 did not buy in august laugh.gif
lustman
post Aug 4 2011, 10:41 PM

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QUOTE(spikyz @ Aug 4 2011, 10:19 PM)
Hahah thanks. Yeah i think d same..but to offer same price for all d grams...is not attractive offer right? hehe. yeah i think ill go for kijang emas instead. =D
*
the price quote for kijang emas gold coin is totally different from KFH.

kijang emas is 1oz coin same level with gold mapels , nuggets, eagles, phili or krugerrand

yes if you have the dough, go for kijang but remember kijang is a very difficult baby to take care, no scratch, tight seal, etc
quackpack
post Aug 5 2011, 12:08 AM

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major selling for profit taking happening now

late comers get your cash ready!
spikyz
post Aug 5 2011, 12:32 AM

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going to maybank tomorrow. they still have d kijang emas for 1/4oz and 1/2oz.. just gonna check it out first
kueyteowlou
post Aug 5 2011, 12:50 AM

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QUOTE(quackpack @ Aug 5 2011, 12:08 AM)
major selling for profit taking happening now

late comers get your cash ready!
*
hmm.gif but malaysian peoples are still holding them..

buy now and wait for year end shoot to 1750usd /oz rclxm9.gif

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