???
gold saving account is paper gold..u got cash can d

Minimum 20g for UOB GIA

last time i said to uob cashier, what la u slow, now already lari 10cent, it was rm154.50 but when she lock in gia it was already rm154.60.

she said ' 10cent maaa itu pun mau kira kaaa.....come come i give u 10cent hahahaha'

monsta2011,
yes, dejavu dejavu... it was like just happened yesterday.

1620 - 1820
1820 - 1720
1720 - 1840

those who bought when it was 170.20 last week (lowest i think) is smiling now hahaha

haris,
it was discussed previously i.e should i buy gold at goldsmith (pohkong,tomei,habib) vs uob vs online shop
if u want to buy pamp suisse from goldsmith, check the buyback policy (% deduct if u sell back to them)
someone mentioned tomei spread is 8% for cash sales, not trade in (dunno how true is that).

but if the physical for long run, buy from the cheapest , trusted seller (1stopgold) since spread does not matter much anymore. for physical pamp, the smaller it is , the bigger the spread. i suggest you to read again.
having said that, buying small amt, better than not buying at all.

so once i open the account, need min 20g. I heard public allow open the account 1st without buying the gold

update from public bank


Gold Investment Account as at 19/08/11 11:15 AM

Selling Price Buying Price
1 gram RM 180.4700 RM 173.4100


i brought 20g last week at RM170.20

If you r thinking of converting to physical gold later, might as well you walk in to UOB raja laut branch and buy the physical gold directly, no need to open acc. just bring your cash or bank draft and bang on the counter and say " I want gold now!! " They will be very happy to sell it to you. And u can later sell it back to them provided you still hv their receipt. Check out their selling/buying price under 'Rates And Fees'
HERE . They hv PAMP Suisse as well.

But if you r thinking of buying thru their GIA acc and later on only change to physical, u r going to pay a hefty conversion fee for that. processing fee alone is RM150 and there is another conversion fees to be added in, totally not worth it! Physical gold withrawal/conversion is subjected to their approval meaning subjected to their stock availability la, for this matter, it is whether they hv anymore PAMP Suisse on hand or not.

Why pay higher premium for PAMP Suisse from goldsmith when u can get the same thing at a lower price at UOB ??

Of course, they is another place where you can get PAMP Suisse cheaper than UOB and their buying back spread is much more competitive then them....

This post has been edited by arrsoo: Aug 19 2011, 11:56 AM

no... they even lazy to bother you... before i go press money at atm the counter told me is 169.7 per gram... after i pressed money (in about 2-3 minutes), its 170.20....

no locking price until the money the pressed on their screen and you pay

public bank gold raise from 170.2 to 180.4 in 1 week..but u need 2 c the buying price. even if the gain is rm10, but u only earn rm3.2 due to spread..but still congrats!! good earning nontheless!

if i sell... i earn that 3.2.... but why sell it?

i planned buy 20g in 2-3 months, even at that time the price is rm 190, 200, or 210 whatsoever...

yup, just hold it as long as u have extra cash in hand. so even during emergency, u wont need to sell it off and when you are 40-50 years old and the gold is RM400/g

it seems that all banks are raising up the spread, except UOB for now. and now comparing that UOB rm2 and KFH rm6.13, KFH looks kinda better than PB,MBB,CIMB due to the easy physical withdrawal.

lustman, sell me the extra 3gm, i'll pay for those

Bought a few mini lots of Gold/USD 2 days ago, just closed my position for a good profit. Waiting for a nice retrace before longing again.

yeah, i think better buy now, waiting kills mang..
and yes, ada wang, ada gold!

mind share brought at where?

which gold bar can sell anywhere or country?

I have a forex account with IBFX Australia and they just recently added Gold/USD and Silver/USD to the pairs we can trade. Gold/USD is now at 1840 and is probably seeing 2000 very soon. Waiting for probably bad US news or a good retracement before longing again.

So u trade on ASX?

*Update: sorry u mean forex.*

---

Added on August 19, 2011, 1:07 pmIf it goes back to 1720 I will stock up more.

This post has been edited by monsta2011: Aug 19 2011, 01:09 PM

is ibfx australia good? minimum deposit how much... withdrawal easy or not? .... i tested instaforex but many things duno when goes to others currency, but xauusd xagusd i guess is ok for me

Yeah I do trade Forex primarily. So, I'm considered fairly new to XAUUSD. IBFX Australia is good so far, but they are definitely a nono for news trading as they do slip you a lot, even off their servers during news. But apart from this, everything is good. I forgot their minimum deposit, go check their website.

They are also quite efficient, wiring them money takes less than a day to fund your account but I have yet to withdraw my profits as I just started using IBFX in March. My previous broker is FXOpen. =)

is it wise to open account to buy/sell xauusd? i not yet have time to explore other currency , nor knowing to read charts whatsoever. if you are free , mind explaining what is news trading. i been trolling forex section sometime but not much people/info there...