lol..i enjoy ur high level of sarcasm

yes, cut long story short..UOB has the smallest spread

ya. low spread.

but pbb GIA can trade online.not bad also

but can we register pbb GIA online? is it publicgold[dot]com?

Got no letter. Heard no letter. Saw no mention of a letter in that web announcement. The only mention of physical gold changing hands is either to redeem for cash at their branches.

Got no transaction fee, but Maybank gold indicator rates may be different by the time you get to the bank. So, it's literally you can only know the actual price at the till.

I shudder the day bank gold sell rates reach RM200, I want to save woi!

no... publicgold and public bank is two different entity

maybe the letter is on the way to u .

ok just opened a maybank gold account. easy, no hassle. 2 grams, just now RM176 per gram. RM10 stamp duty for opening account.

plan to buy 2 or 3 grams a month, that's it. as advised by suze orman

u mean every month buy 2 / 3 grams? y not put all in now?

Announcement was way back in May, and if deadline September, what in the world was Maybank doing? Kira stok?

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Added on August 11, 2011, 2:21 pmMaybe put aside from gaji la kan?

This post has been edited by trencher10: Aug 11 2011, 02:21 PM

lee90, if I put all in, I have no money to spend/emergency

consider as long term savings lor. diversify, I have other savings here and there.

oic, thats good
I still wondering whether to choose PB or Maybank as PB can use online

if PB can use online, PB better lor

congrats on ur investment .
ooh ya when open MGIA/GSPA got stamp duty

Cant understand why open a gold account with spreads of 2 to 3 % and having to goto the bank while you can buy gold streettracks ETF (GLD) with yer broker and fees of around 0.4%?

Most lay people more comfortable and understand banks than the stock brokerage? I sure do!

noticing the trend here that most ppl open paper gold account with uob or maybank or pb. Why cimb is not discussed as the spread currently is lower than maybank and pb??

Most people have Maybank acc? I don't know when CIMB introduced its GIA, but I had a Maybank sav acc so it was natural for me to opt for Maybank despite knowing about the spread between PB,UOB and MB. I did consider opening a CIMB GIA/sav acc and closing my MB GSPA acc but seriously, it just makes no profit sense.

ya i didnt knw of this thread until in may i think, so got invested gold thru maybank lo, now knw abit too late but next round sure try uob etc liou

i hate CIMB service. but would it matter if u plan to save for decades? not short term gain

Another thing about banks is that they can widen their spreads at their wimps.......

i caught Maybank doing it once on the kijang bullions in 09.
Their usual spread on a 1 oz was approx 3.3%

They widened it to almost 6%!

i wrote to Bank Negara and made a complaint.
Made a lot of noise then they went back.
Still, they increase along the way to the present 3.8%!