Gold today at RM183.25 up from RM 182.85 last Friday.

got no choice 20gram.. need at least 3.6k
i invest on gold because i wan to save... i don save money at all when i start working for 2years

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Added on August 22, 2011, 10:00 ammight to let me know whr u check this rate? i c from UOB web still remain 179 something

This post has been edited by EvOKIdZ: Aug 22 2011, 10:00 AM

check here
Maybank price

thank bro but maybank selling rate is diff wif UOB right?

why not start from now with cimb or any others with lesser minimum initial deposit, 10 grams ?
unless u going to invest many kilos, else i don't think that's a lot of difference.
by 1 month later, can't imagine the price already.

hi

not wanting to promote myself - but just want to help !

i am an agent for SriAyu gold bars which today's price is RM 190 per gram and we have many many units available in quantities of 5 gram , 10 gram, 20 gram and 50 gram - unlike the shop u mentioned selling at RM 212 per gram and finished all units - pls pm me

yep, diff bank diff price
here is for the Public Bank Price (in case if you want to know the public bank price)


Wow! so cheap!

This post has been edited by hdslr cinematography: Aug 22 2011, 10:24 AM

whos Sriayu?

Whats yer purity?

purity 999.9 - 24k

sriayu.com

SriAyu

Kelantan based gold minting outfit that charges a very reasonable premium over the spot price - pls check out the prices and and if u like then pm me for more info

Is it too late to buy now? either from maybank or Public bank?

wait next month you regret what you say today...

never late to buy... if you have spare cash and looking for long term investment

can the gold sell to jewellery shop?

gold is gold is gold and on annd on infinitely - just branding only


by right you can and sell gold anywhere

BUT branding and advertising costs money and u have to pay for it when u buy gold at a higher price per gram and then when u sell it back at even lower price because u sell back you are selling gold - not the branding

also different shops got so many conditions - just buy gold coin or bar but cannot open and touch the gold - otherwise they will deduct a massive price on sell back

for example poh kong gold that u buy - if u sell back to poh kong they will deduct a certain percentage depending on the condition of the pacakge
- there will be terms and conditons

but if you take the same gold to habib or tomei or other gold shops they will usually deduct a much larger percentage

so whatever brand u buy there will be a susut or buyback price or spread which is lesser than the sell price you can see it on the website - 6%

BUT if u buy jewellery then the spread is so much more when u want to sell back

i hope this explains your query

if jewellery shop sell at rm212/g and it is 6% spread.
then you sell rm190/g and i buy from you, then sell to the jewellery shop,
i will definitely make money already.
i will earn about rm9+ for a gram.
correct me if im wrong. im still new.

This post has been edited by hdslr cinematography: Aug 22 2011, 11:46 AM

MBB, PBB & CIMB, kuwait finance house too ..

i have made comparison between first 3, i opted CIMB, reasons:-

1. the difference between selling price & buying price is +-RM5, better then M & P, which is RM6-RM7
2. the conditions imposed by C is more flexible and charges for withdrawal by Gold is cheaper, RM10 for 10gm is not mistaken, unlike P, RM200+ for 100gm gold withdrawal (instead of selling ur gold saving to them in exchange of cash, u can opt to get Gold)
3. cant recall....

Pls check thru all details, u can get it from their respective website...

no one know what's next...4-5 years ago, when some1 deposited $ into a gold account at RM99+, we complained crazy... now...

IMHO, if u intend to invest in Gold, go thru proper legalised channel..

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Added on August 22, 2011, 11:30 amsometimes, i am wondering...this may be the strategy of Gold smith...keeping stock...who knows...

This post has been edited by bearbearhong: Aug 22 2011, 11:30 AM

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Added on August 22, 2011, 10:00 am
might to let me know whr u check this rate? i c from UOB web still remain 179 something

[/quote]

where is UOB web link for gold price? thanks

http://www1.uob.com.my/business/GMIM/GMIM_pga.html

click at the Rates and Fees > and then "Click here to view the indicative prices" (see the pop up window)

ok thanks. how long we need to q up to start up a new account? i might wan to go now?

Do we need saving account in the bank for GSA?

This post has been edited by Alexdino: Aug 22 2011, 12:46 PM

welcome... depends on whether there are lot of ppl or not... but last 2 weeks i visit the branch.. it take around 45-50mins and for ur info once u open u need to place at least 20gm

and yes u need to have a saving account with them too ^^

This post has been edited by joey85: Aug 22 2011, 12:49 PM

Oh my... 45-50 minutes quque?

The Gold Rush of the 21st Century? Only bought 20gm... now regret buy too little.

Price is still strong going UP!!