As long as u have money u can buy gold. U can check out the websites for these banks - Maybank, UOB, KFH, Public Bank for their requirements.

oo~can i ask in this "Minimum Subsequent Purchase/ Sale" what means by "in multiple of 1 gram"?

It means the purchase has to be in 1g, 2g, 3g,...300g etc (whole number) not 1.34g/2.59g/3.67g/300.45g etc.

This post has been edited by monsta2011: Aug 13 2011, 10:02 PM

I am hoping for this correction in the next 2 weeks. To add my gold stocks. Any news for US for more method to strength their USD or overcome debt problem?

I bought 20 grams @ RM174.60 oh. quite high eh?

serious about correction to $1600-ish per ounce? i wonder is it true what the analysts say about gold will rise to $2000 by year end?

how does gold relate to the stock market? Is it that those people sell off their gold to buy stock and then the price will go up?

Like I said, I still have a lot to learn.. Hmm..

Gold investment is not for short term gains. Look to the future. Gold will rise but maybe it might hit rock bottom before that but 20g is nothing much to gain or lose. So dont worry. Sit back and just observe.

That is true. One more thing I have been struggling to answer myself is that should I withdraw the money and buy physical gold instead? A friend of mine told me that getting physical gold is more profitable. How true is that compared to paper golds?

I wonder how to see if the price already at rock bottom? For the price of gold as of now, is it $1600 a rock bottom price? I think I should reserve some money to buy more if it hits $1600 per oz. But the problem is, not much cash flow already.

Anyone can let me know which bank to pick to invest gold?
1gram is how much? mind to share n let me know more..
im still new in gold investment.. gold investment is long term?

Hi, I am a student from a university. I have saved some money. Thinking of buying gold as my first investment. Hoping I could get several important advices & experiences here. I did some researches, I know US economy may collapse to worst soon. So, gold would be what people looking for as a valuable property at that moment. It will shoot up fast. I guess.
1) Which bank actually gives better offers?

Tq, big bro & bog sis.

read this thread backwards and you'll find the golden answer

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Added on August 14, 2011, 5:30 amread this thread backwards and you'll find the golden answer

This post has been edited by lustman: Aug 14 2011, 05:30 AM

I'm a student, and turning to 21 this november (I hope it is not too late). I am going to open an account soon. Maybe i open with MBB since i have MBB savings acc and MBB is one of the nearest bank that i can find in my place. So, I'm gonna start small. I hope the gold price will go down to as what i spotted (sorry guys). Then immediately i will open an account. and after that i will increase the amount of gold in my account from time to time. I hope i can join you guys soon, btw this is gonna be my first investment

This post has been edited by hdslr cinematography: Aug 14 2011, 05:47 AM

i think not all MBB have gold account.

Is it true? I live in bangi.

which bank got more benefit to open account?(gold is long term investment right?so better choose a good bank )

Honestly IMHO if u r starting small there's not much need for you to wait for gold price to rock bottom.. Long term gold will be on the rise but the thing that you won't know is when the gold rock bottom. If u go for may bank open up a 10g account, price different is rm170/g.. Max u lose up is ard +-RM100 when gold bottom but again, you won't know when is it rock bottom. Mayb next week the price will raise till 180?

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Added on August 14, 2011, 8:22 amRead back previous posts..then you will know which banks offers what. Better yet since u can access lowyat.net, why don't u go search for banks in malaysia's website and compare it?

This post has been edited by nick.woocs: Aug 14 2011, 08:22 AM

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Added on August 14, 2011, 8:22 am

Read back previous posts..then you will know which banks offers what. Better yet since u can access lowyat.net, why don't u go search for banks in malaysia's website and compare it?

[/quote]

yes i can get info for the bank website~i just want to get more information from experienced pro advice~from bank website we cant "see" the bad side of the bank ma....

ok,i will read all the prvious posts

just dun go to Maybank islamic branch..u can buy/sell gold there but can't open account. need go to normal maybank branch..

i just open gia with public bank last friday
buying 20g @ RM174.13/g
with public bank, i can trade my gold using online banking

I see...i only found maybank islamic branch near my house if i want to open one. Then i will choose Public Bank lah since i have to go a bit far and the normal Maybank is just near the Public Bank. But i have to open a new PB saving acc first right?

Read it from their page,
Online Gold Trading via PBeBank.com
Gold purchases and sales are offered at a discounted price
is it true?

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Added on August 14, 2011, 12:21 pmCustomer is required to maintain either a savings account or current account prior to opening a GIA to facilitate the debiting of service fee, if any.

This post has been edited by babybash: Aug 14 2011, 12:21 PM