Gold stocks normally refer to miners or explorers.
While they maybe referd to as 'Gold' stocks, the miners have other minerals such as normally copper which you
tend to find with gold, and others such as silver, zinc, lead. These minerals offsets the costs of mining the gold.
They are widely traded overseas in Oz, U.S, canada, etc.....none in Msia.

Finally finish reading 9 pages.
May I know, how to check the spread of UOB from the picture attached in page 8? Spread is actually means the difference between buying and selling price?

I wish to invest in these. But I not sure which to go for, go for physical or paper? Gold or silver? Can anyone advise? Which bank should I buy from since UOB spread has increase? Or public gold is the best? Hehe.. I hope I ask the right question.

yes, spread is different between buying and selling price on that day.
for example, if spread is 6%, and curent price for 20gram gold today is Rm3000,
if you want to sell back your gold TODAY, deduct 6% from Rm3k.

i never go thru about UOB, but i know that their price quite cheap
i never notice bout the spread is increasing hehe.

yeah, for gold saving passbook, UOB has the lowest spread.

For me, i prefer gold passbook. Given that, it is less likely our country will b a war thorn. Few important things to take note on gold passbook

a) it MUST follow the gold pricing trends ( i'm aware that some of US ones, they hav discretion not to follow the trend)
b) low spread

Paper gold are cheaper than physical gold because of some reasons.
1 of them is paper gold basicly is not a gold at all, it just assume that it was gold. And it was trade based on assumption, that`s all.
Example : MR. I own a cow and he want to sell it to Mr.U -> MR.U want to make a profit and he sell it to MR.WE. -> However, The transaction between MR.I and MR.U still not finalised. On top of that, MR.We already finalised the transaction with MR.U. Get it ?

I wonder if u could have ur gold in physical if u invest in paper gold (e.g., UOB or public bank).

This post has been edited by FrancescoTop8: Apr 15 2011, 08:16 PM

i agree with u, paper gold is not gold

I don't quite understand. How can Mr. U sell the cow to Mr. We when the transaction between Mr. U and Mr. I not finalized yet?

So, paper gold doesn't follow physical gold price?? Paper gold only can buy and sell in the same company right? Whereas physical gold can sell to other buyers.. Is it?

What is gold passbook?? Is a name for paper gold?

paper gold also follow gold price, like physical also.
but, paper gold only valid on the company that handle it.
such as, if u buy paper gold from public bank, buying and selling only legal for public bank.

if u buy physical gold, u can do what ever u want, sell to others, make jewellery.

Ic. Thanks for the info. Why most people is recommending to use public gold? What criteria shall we look into so that we can decide which company to choose?

Seems like physical gold is better than paper gold. But buying physical gold, we need to know the finess of the gold due to the price is different for different quality, am I right about this?

I still dong understand about the cow story.

i recommend to u, start with public gold, even their price is a bit high,
* guarantee buyback policy than make public gold company strong.

later after u understand at all about gold, u can buy cheaper gold
such as pamp suisse, perth mint.

allrite,allrite student
Let me clarify about the COW story.
MR.I have a cow, and he want to sell his cow to MR.U, and MR. U agreed to buy .
BUT, they don`t finalised the deal yet.
However, MR.U want to make a quick profit and he sold the cow to MR.We, eventhough MR.I & MR.U dont finalised the deal yet.

It means the cow is still with MR.I because he doesnt finalised the selling yet. U cant argue with MR.I because he want to sell but doesnt sell his cow yet.
So, this all transactions between them(MR.I, MR.U and MR. We) is all out of thin air or in easy word ; ASSUMPTION.

Off course, if u study towards bank`s perspective, it is more complicated but the fundamental of paper gold is similar to COW story.
One word for paper gold : ASSUMPTION

This post has been edited by FrancescoTop8: Apr 15 2011, 09:26 PM

Ic.. Pamp Suisse , Perth mint is? Company or gold's name? Hehe..Public gold guarantee buy back, other bank doesn't has this policy?
To start use public gold, can roughly explain the procedure? Public gold sell physical or paper or both?


Ic. Means paper gold is only an assumption and we did not really get the cow. Hehe..


Thanks for explaining patiently. Lucky to have people explain for me here cause I don't know who to consult with in real life.

Dude, i dont recommend Public gold because i find it quite tricky and risky.
Do some research before start gold investment. Dont easily believe what other/broker say.

For me, just buy gold in bank. KFH and Maybank have physical gold. It is safer and less headache.
_______________

Nope, u can have ur gold in physical if u buy paper gold, BUT u have to follow some procedures.
And i find that the terms and conditions of paper gold quite tricky and time-consuming.

Har?? Can turn paper into physical??
Why would u think public gold is tricky n risky?

---

Added on April 15, 2011, 10:08 pmWhat should I aware of when I want to invest in gold??

This post has been edited by xcarfieldx: Apr 15 2011, 10:08 PM

i m waiting for answer
1 question, u trust bank?
i tell u, they are big liar.
trust me

DEFINITELY.
U can change ur paper gold to physical gold BUT with terms and conditions.

Public gold just have their business in Malaysia, correct me if im wrong.
Thus, their market are exclusively in Malaysia only.
Risky because their market is small and gold are quite complicated business.
Tricky because, public gold employ a MLM-like scheme. U buy and u automatically become a dealer, and u have to find another buyer to get reward or something. Their premium charge also quite high.
Have u heard any established bank (Maybank,Public Bank,UOB or KFH) go crazy to promote their gold products ?
NO,they dont because they know gold have a high volatility.

There`s a lot to know before u invest in gold.
That`s why i keep telling u, buy gold from BANK & dont buy from unestablished company or whatever it names because gold is not an easy business.

some correction : u buy in certain amount, then u can choose to be a dealer or not, not automatically.
premium is so high , i agree.

What premium?

What's the terms n condition? For example?

---

Added on April 15, 2011, 11:06 pmAnd what should I know before investing in gold? Can enlighten me abit?

---

Added on April 15, 2011, 11:19 pmAnd gold passbook is?

This post has been edited by xcarfieldx: Apr 15 2011, 11:19 PM

Not assumption, but obligation.
Bank fulfill their obligation as good/or as same price with spot market gold price.

It is as same as a paper printed RM1
and
another paper being printed RM10.

The paper is perceived can be exchanged for equivalent price of goods.

Yes. paper gold may not a real gold but as good as real gold as long as the bank exist.

Paper gold has one major advantage over physical gold.
You don't scare being stolen, loss in disastrous event time, like flooding, earthquake etc.

The chance of being stolen is higher than chance of bank goes under.

If you compare other physical gold in the world in USA, UK, Europe. I think Public Gold spread is OK.
Considering it is a local company has to do it's own marketing, distribution, minting etc.
It 5% for 100 gram, UOB is 4% spread.
Try not to go beyond 100 gram as people can drill hole and put some other metal inside the bar especially for big one.

You only need to find few fake gold bar in a vendor, then the vendor is finished. So far, nobody found any.
It 's not easy to beat the density machine.

Further more all gold sourced will 1st have to be fully melted first before the bar is made.
Fake gold will be detected during the melting process.

If you want to make a tipu business in gold, with your picture flying around here and there and family staying in Malaysia. It's not long b4 someone find out where you and your family stay. With many Malaysian buyer some are police, army , custom etc. Frankly speaking I will not dare to do it lah. Next day you come out, die already also nobody know or care.
can U imagine how angry will they be when they previously brought at USD1000/oz and now it's turn out to be fake and the price now is USD5000/oz.

The only thing they can play is the spread, agent structure etc.

---

Added on April 16, 2011, 3:10 pmhttp://silvermalaysia.blogspot.com/2011/04...g-strategy.html

For public Bank,
the option for physical delivery is available.
The prices for delivery is also stated , you can call them up to find out. Within 30 mins get an answer.
Whether it is always available or not, now or in the the future. It remain a question.
No buy back after physical delivery.

For MayBank,
the option for physical delivery is available.
The prices for delivery is also not stated in their website, you can call them up to find out. There phone system difficult to reach as too many customer.
Whether it is always available or not, now or in the the future. It remain a question.
No buy back after physical delivery.

For KFH,
You can take delivery, and sell back to them after taking delivery.
So susah! you may as well buy UOB physical at the 1st place or Maybank kijang emas

If that option is not available then only buy Public Gold.

---

Added on April 16, 2011, 3:11 pmGo for physical. With price going up like mad these few months, it ;s signal the lack of physical gold.


This post has been edited by GoldChan: Apr 16 2011, 03:11 PM