typical malaysian move

rm30 per gram???

i think is rm130, right?

here's another typical human being character, it was $88 when i first bought in late 2008. managed to grab 10grams only

even Jan this year $140 and Feb dropped to $130, just added a few more grams

KFH is not paper gold. when u buy either u take home the gold bars or they keep for u for free and they'll issue u a receipt.

fat chance

fat fat chance

I saw this at Maybank2U today. Please don't ask me what it is. If anyone knows please share.


Discontinuation of Physical Gold Wafers

Dear Valued Customer,

With effect from 16 May 2011, Gold Savings Passbook Account (GSPA) has been renamed as Maybank Gold Investment Account (MGIA). In line with MGIA's enhanced features, existing GSPA accountholders who wish to withdraw from their account in a form of gold wafer may do so, subject to availability as per Clause 16.2 of the GSPA Agreement with a premium charge applicable. Accountholders have until 2 September 2011 to withdraw in the form of wafers, after which the available options of payment will only be in the form of cash or credit into their accounts.

For GSPA accountholders who are holding Maybank gold wafers, you may convert the gold wafers to cash or credit them to your account at the prevailing market price at selected Maybank branches from now till 2 September 2011. The selected Maybank branches are listed below:

Kuala Lumpur Main Penang Main Kuantan Main
Bukit Bintang Alor Star Main Seremban
Kota Bahru Main Malacca Main Shah Alam
Tawau Ipoh Main Wisma Satok
Kota Kinabalu Lahad Datu

Should you still wish to have the option of retaining the gold in physical form, we would suggest that you opt to purchase the Kijang Emas gold coin issued by Bank Negara Malaysia which is available at selected Maybank branches.

now the price of gold has exceeded $1700 and yet many people say it's expensive. when it was $1600 still people say expensive. at the end of the day, you have nothing bcos you're waiting for the goose the lay the golden egg.

it is very difficult to find buyers if you want to sell high. most buyers are resellers so they need to buy as low as possible from you so that they can resell back for a profit. just like 2nd hand car dealers.

"weired" gold always fetch low price unless it's popular like kijang emas, maples, pamp, nuggets, etc. i'd say it's malaysian culture. don't know why like this.

i'd suggest you go to a few FB groups and place your ad there

ask yourself this question first. how much are you buying?

if 1000 oz then maybe you can wait and see.

if 100 oz and below then close eyes and buy.

trust me, no one will ever buy 100 oz at one shot unless you're a millionaire and have lots of extra cash under your bed. most people will just go for 1 or 2 oz. that's why close eyes and buy.

btw, i'm talking about gold weight in oz. just do the conversion.

Only KFH is and that's why I opened with them. When I first buy gold 4 years ago I do it with Maybank bcos KFH was not available back then. With new Maybank stupid rules I'm closing my Maybank and transfer all to KFH.

To those who wants to open KFH account you have 2 choices. you can buy and bring home the gold wafers OR KFH will keep them for you for FREE. This also in line with Islamic principles if you're a concerned Muslim, where you can't do it with Maybank, Public amd UOB.

I suggest open KFH account and buy some gold coins from UOB when you have the money or do both at the same time.

---

Added on August 9, 2011, 5:29 pmi think that's the quote for FGJAM which is no so relevant with bank's price. The prices are spiked which is meant for gold jewellers. That's why they sell expensive.

Don't ever buy from gold shops even they're selling bars and coins unless you want to get married 2nd time

This post has been edited by lustman: Aug 9 2011, 05:31 PM

this question has been asked many many many time. after giving many examples and yet the question pops up again and again and again. the problem is "too many cooks spoil the soup". i'll bet people will give all sorts of advice but at the end of the day use your heart and brain to decide. the problem is many people don't want to listen to the truth and that's why they ask the same old question again.

so i suggest read back previous posts and you'll find the answer.

this is just a general statement and is not intended at any particular person

This post has been edited by lustman: Aug 9 2011, 07:13 PM

like i've explained many times, KFH is not paper gold unlike maybank,public and cimb which are totally NOT shariah compliance. if you're interested to know,please read previous posts.

are you serious abt letting them go RM150 cheaper, i can help you find buyer. you deal direct with seller. that's the best i can help. PM me.

ETC = Exchange Traded Comodities, right? similiar to ETF but none in malaysia

i tot u can also buy at BNM

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

No, as long as you have the dough you're good to go

Finally, I've closed my gold account with Maybank @ 165

This post has been edited by lustman: Aug 13 2011, 05:41 AM