just 1 2 share my experience with others. Not to convince you anyway.
I just don;t want reader to buy gold numismatic only to cry trying dispose it at barely their cost because I disagree with the value you give for the coin you have. I believe the actual value is USD200 - USD300/- less than what you initially stated. That's why I wrote back. U can still keep it and think it is USD2500/- that fine with everybody. But for me the greatest sin is "lieing to myself".

I'm talking from my practical experience. my view is gold numismatic is very poor ROI. I've tried to dispose my gold at ebay b4, it took a very long time compared to silver.

If we talk of numismatic, it 's difficult to find a buyer who appreciate the numismatic value, the most they will buy is 1-2 pcs. It's all about paper confidences. Orh! I have a piece of rare coin, worth RMXXXX based on auction price at marvin Misky international but see how many people really interested and how long it takes to dispose it.

Well, I think my pricing is fair, if someone can get a lower price, then they can always source it from their own source.
If they can sell cheaper than my source, I will be more than happy to buy from them.

Gold business is an established business where they have a long business history 10 years or more.
For someone like us to jump into it, many will fail lah. Maybe we make some profit, all it takes is 1-2 item lost, stolen etc, then all the profit is gone. The point is security issues will not be properly addressed by newbie.
There are so many PG agent out there, how many of them really making $$.

let end this debate lah.

After buying gold bullion from uob/maybank, does the receipt/bank slip important? do we need to keep it for selling back next time?

Likewise, i am also sharing me experience. Afterall this IS a forum.
You 'believe' something which you do not see and cant give evidences of.
Yet i provide the evidences of past prices through ebay and you make non sensical notions of lies?
i am actually offended by your patronising and condescending response.
Say what you want to say with evidence and not preachy line void of any supporting evidences.

http://completed.shop.ebay.com/i.html?_nkw...6.c0.m270.l1311

Enough of yer preaching already! Duh!

The spread on GIA is only high for Maybank and Public Bank. UOB spread is only RM2. Of course, real gold is always best but then again, for now GIA suffices as long as the profit margins are good.

Dont worry bout bank collapses. Its highly unlikely to happen. Most Gov's now are protecting the banking system. If its gonna happen, ull surely hear bout it well in advance.

What is the normal trend for gold approaching the end of the year? It it true that prices rise just before Deepavali (due to higher purchases from India) and then drops towards December?

The following article was written by the same guy who predicted that gold will hit US$1,700 by end of summer 2011:

http://www.wealthdaily.com/articles/gold-a...lver-600oz/3085

For gold to hit US$3,000 by mid next year, that would mean our local prices trading at around RM 310 per gram. Do you think thats possible? Lets share our views on this.

This post has been edited by cybermaster98: Aug 16 2011, 10:40 AM

UOB offer lowest spread but initial deposit is 20gm, and transaction in multiple of 5gm, and min. amount in acc must be more than 5gm. That will favors those who invest bigger amount into gold.

From the trend I see, gold price is increasing due to USD value dropping and US and Europe economy instability.

If by mid 2012 the gold price hits $3000/oz, what will be the USD:MYR then ? will it still be 1:2.9 ? or will be lower ?

If our currency drops too.. the gold price might be even higher.. did i miss something here ?

I think any investment lower than 20g would be relatively pointless. Even if gold rises, your profit would be too insignificant.

For instance, someone who invests only 10g at RM 170 would only make a total profit of RM100 if the price hits RM180 per gram. I think its easier to save RM 100 through cutting down daily expenses than in gold investment.

When i opened my Maybank GIA in 2010, i invested about 400g and even then i regretted not investing more especially with the current prices.

yes. you must have the original receipt.

btw, does anyone knows/tried selling back gold coins to uob which was bought from someone else who bought from UOB?

i.e A buys from UOB. A needs money and sell to B at cheaper price than UOB sell,higher than UOB buy (win-win)
Can B take the coin bought from A and sell back to UOB? Or is it only the registered purchaser can sell back?

cyber,
usually based on 2009.2010 gold goes upward nearing deepavali and continue slowly to rise until dec. then will be sideways until end jan/early feb (CNY) where the price will go down a bit. maybe a lot of chinese sell of gold to celebrate CNY?

i'm waiting for a dip right now to enter back, else dump in ASB first then wait next jan/feb to enter.

past performance does not indicate future performance.

---

Added on August 16, 2011, 11:26 amif i had the money for 400gm, i'd goes for uob, could get rm1.50 spread.

This post has been edited by keii-kun: Aug 16 2011, 11:26 AM

wow, bought 400g in 2010, must be around 50k

must be laughing quitely at all of us here who are still asking questions whether o buy or not

good for you, mate

btw if i have 400g i'd still go for KFH and you you know why.

actually most of us have the money, just that we did not dare to put all of them into gold investment..

when comes to paying property down payment, i can see people could easily come out with 30-50k.. be it loan from family or bank or saving..

exactly. we still not dare to put all the eggs in a golden basket.
i know i am, made the same mistake last year and this year - another if i had again. deja vu but did not ring any bell lol

Hi bro, but who would do that? Why selling at much cheaper price when I can just sell back to the bank? Unless the bank is very far away from my house? But my opinion is that as long as we have the receipt then should be okay I suppose. The question is, if I lost the receipt, what are the consequences?

Why is KFH better? can you explain? sorry if i didn't catch up with the earlier stories. I thought as long as whichever spread is lower then go to which bank? Although the initial deposit of 20gm might be heavy for some initial investors alike.

you missed my point there. i was saying, A sells to be at cheaper price than UOB Sells, but still higher than UOB buys back from A. e.g - now for maple - if A sell RM5,400 to B, both of them had saved rm100 each.

better call UOB to ask, since coins does not bear any serial number so they need to have the proof u are selling the coins bought from them originally. else, people would buy somewhere else cheaper and sells back to UOB.

KFH is syariah compliant. this is the most important aspect for a muslim in any investment.
we dun want our investments to go against the syariah principle.

Just like Nidz explained, KFH=syariah compliance.

honestly, it doesn't matter if the spread is high or low bcos i know at the end of the day your selling price will be higher than the price you buy. end of the day means your projection time. mine is 5 years at least.

We start investing since 2008, 15 May 2008 to be exact. It took me 2 years of research to convince my self and 2 month to convince my wife.

To date, total investment in precious metal is 1/3 of our net wealth (99% is in gold). Others are in cash, unit trust, 1 piece of land and 1 property.

Agreed not to put all egg in one basket but so far gold had beaten all our others investment in term of return.

The problem always is, we buy high and sell low aka following the crowd.

This might be the most important part in family investment

I can guaranteed based on my own experience, most of the time when greed scream at my ear, she always become mediator to calm me down to think further

u buy high and then u sell low? seriously? with gold?

i thought if u buy gold, and keep it for some time, d price increase..how can u sell lower than ur buying price? unless u try to sell it in hurry / or less than 1 month / really bad bearish incident.

ahak.... sorry if I make you confuse.

Last sentence suppose to response to most of the people (sometime including me) got burned due to investing purely following crowd which is buying high and sell low.