hi sifoo..i would like to buy paper gold with uob..can start with 1-2 gram as starter?any advise.not much bullets hehehe

Isn't there a minimum amount needed for all passbok gold? Normally 10 gm or 5 gm is the norm.

---

Added on August 11, 2011, 3:42 pmCollector's gold. Only significantly profitable when there's little of it!

This post has been edited by trencher10: Aug 11 2011, 03:42 PM

uob min 5 g rite?

Anyone knows how many grams do i need to buy from maybank then only they will give a special rate?

With gold accounts, the banks can increase the spreads easily.
Not so with bullions.

In fact, if you notice gold bullions sold at U.S dealers, the spreads are increasing to $80 to 100 above
spot.....maybe its gettin scarce

Last I've checked, it was 20g initial investment. Lowest for now is Maybank. They've revised it to 1g after changing its name to MGIA.

This post has been edited by jian5481: Aug 11 2011, 04:11 PM

Thanks..will go to Maybank tomorrow for buying..got limited budget..This is the best time to buy right? Or should wait..

This post has been edited by mar_soff: Aug 11 2011, 04:28 PM

I meant in the manner of harta karun type of significant profit. But yeah, agree that banks whims on gold spreads are ever present. The only problem is that Maybank remains sole retailer of Kijang Emas.

i tot u can also buy at BNM

You can wait ... until it reach rm200/g then u regret for not buying early .. just like some ppl who waited.

Buy at UOB. The spread is only RM2. Maybank will charge you RM 7+.

Plus if ure investing in gold, make sure you buy at least 20-50g. Anything smaller than that is pointless. The profits even if the price increases, will be minimal.

Well, not everyone can afford 20g initial investment. I wanted to buy from UOB too last year, but I was a fresh grad earning 1.8k per month. With the savings I had at that time, I could only afford 10g, slowly adding more as time goes by. I don't think anything smaller than 20g is pointless. Even with 1g, that's a start for those who earns little, yet planning for their future. But of course if I do have the money, I would buy as much as I can afford.

i also started with small capital therefore earn not much (after 2 years).. but in terms of % of profit = 57% over 2 years, average one year earn 28% which is greater than invest into unit trust the only thing i regret is i dont pour all my savings into it.. otherwise it is 2x right now LOL

When things turn good, everyone will be saying ... "If only I had......."
Me included..

u r right btw if really can predicted i m a millionaire now but in fact.. this will not happen coz the gold price already up from RM107 (2years ago when i 1st invest) till now RM170 heard that it may reach RM200 at year end --> this is just a wind blow? or true? no one can confirm but gold price has increase dramatically recently

assuming it can reach RM200 from RM 170, it's around 17% return, but risk is very very high as price is high now.

in the other hand, stocks are relatively cheaper

looks like everyone is blaming themselves for not buying when it was.... (insert the price yourself), so now what's the conclusion?

hahahah of course, not a day goes by hearing " if only i had ...." esp during gold rally.

anyway, today cashed out my uob saving
almost 12% return in 2weeks.
enter 27.07.2011 @ 154.60
exit 11.08.2011 @173.10 (it was 174.60 exactly my target/tp this morning but was too busy to get out of office)

my saving is in physical. paper is for duit raya hahahah

with the CME margin raised, i do not want to have ' if i had sold my gold when it hits ceiling....... later . similar to what happened with silver.
sticking to my plan - take profit as expected...when its green hehhe (lesson from my expensive lesson learnt in forex)
keeping fiat to collect more physical and moving to shariah compliant KFH

For those intend to go into paper gold, i found this comparison

http://1-million-dollar-blog.com/compariso...avings-account/

keep blaming, disappointing... the opportunity have left.
How about IF the opportunity come back and knock on your door? Your friend's Doubt will questioning you with lots of negative expects "what if...."

What we must do is:

1. to have a proper mindset.
2. Start up an plan and idea.
3. Study it and do analyst. dare to ask and to be a learner!

" be a 5 minutes fool, than be forever fool in your life"... than keep blaming doesn't have the ticket in Gold.
Remember, you doesn't Miss the opportunity, is you couldn't GRAB the opportunity.

This post has been edited by benedict1213: Aug 11 2011, 06:45 PM