Is it better to buy a single piece of gold bar weighing 250g or any larger weight.. Or is better to buy in large quantities of 10g or 20g gold bars amounting to that single piece of gold bar's weight?

For example,

buying 1 piece of 250g


VS

buying 25 pieces of 10g

Buy 25 piece of 10g, easy for you to sell I guess

That's true.. I have a long term plan for physical gold.. Worst case if paper money suddenly loses value or there is chaos like war etc can use the physical gold to survive.. Best case I don't have to use it and just pass it on as part of my will to my children..

I also plan to bury the gold instead of keeping it in safe deposit box as when the worst case scenario pops up, highly unlikely banks would be open for me to withdraw the gold.. Sounds paranoid but I did some research and quite a number of people do bury their gold..

Seems like a buried treasure later. The best place to bury the gold?

the smaller the bar the higger the premium u paid compare to the actual gold value u get

Not sure yet.. It's either my house lawn or my dad's orchard land.. If my dad's orchard there's a higher risk of soil movement due to being near foothill as well as there's a river nearby.. Heavy rain might raise the water table causing soil movement..

My house lawn has concrete around the land due to the drainage structure so I think soil movement is minimal.. The biggest concern is me actually forgetting about burying it.. Then it really will end up as buried treasure

ask yr daugther and son to draw a treasure map lor

can I be the treasure hunter?

LET ME KNOW YOUR LOCATION!

This thread is just awesome!!! Starting off small real soon... Thanks guys!!!

hehe for your first time, i would suggest you go for the bank and collect more information for their service provide.
When you get know more knowledge, you can try to get some other companies to get physical gold

just my 2 cents

If you have 5k, can use my technique

n ur technique is.......?

I foresee Gold will retest to USD 1440-1450 region! Abandon this target if Gold couldn't reach before 21st of May!

This post has been edited by Sifha238: May 12 2011, 09:17 PM

Sounds good.
Considering and doing research about it.
Thanks for the technique

like what this guy probably did?

http://www.mudah.my/Gold+bar+999+9+100+gram-9368328.htm

I only buy 1 oz stuff unless U super rich then buy 10oz or kilobar.
For small change, you can get 1/10 oz , however the premium is 10% more.
if that the case better get silver lor.

Large bar disposal to general public may be difficult unless U willing to sell back lower to banks or goldsmith
According to pricing, there is not much differences between 1 oz bar and 1 kilo bar.
So stick with 1 oz bar/coin.
it's is your RM10,000 notes in the future.

For RM10 notes, RM100 notes that one you have to buy silver lah.


Cheapest branded gold bulllion is PAMP and credit sussie 1 oz bar but
actual price will depend on MKS distributor how much they 1 2 sell to you.


U 1 2 bury in 1 place or 10 different place.
I choose 10 different place as i 1 2 hedge my bet.

maybank is going to change their gold account name from Gold Saving Passbock Account(GSPA) to Maybank Gold Invesment Account ( MGIA ). how about the agreement.. also going to change ke?

Maybank (MGIA)

This post has been edited by mynoble: May 13 2011, 02:32 PM

But but, where you want to price gold seller that allowed you to take 100 gram gold for 5k down payment only. I know a dealer that will follow you to Bank Rakyat with the gold

He also cannot cheat you with fake gold because it's the bank officer that determine whether it's really a 999/24k gold

Bank Rakyat min lease period is 1/2 month. thus U need to pay 0.5 x 14% = 0.7% interest lah.

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Added on May 14, 2011, 9:42 am1. Physical delivery prices are not specified. Not like public bank when U call them they can tell U but still when I ask someone they said still have to wait for delivery.

2. According to the document, the investment is fully back by physical good in PAMP SA.Why not all of you ask for withdrawal now see
a) How long does it take ?
b) Over time any changes in charges for physical withdrawal.


3. Have anyone seen an audited report on the of the Gold Saving Passbook Operation?
If you have seen it let us know so we can do some checking.

4. U ask me to put couple of thousand RM into something with just a brochures less than 2000 words, 2 pages. wow!

The point is the goods (gold) is not in your hand but in authority hand. they can said whatever they want. U have no choice but to comply.

Just buy physical lah, store it aside somewhere under your bed, lubang tandas , safe box etc...
No worry! U have taken your stake, whatsoever they want to said is up to them and none of your business.
OK.


This post has been edited by GoldChan: May 14 2011, 09:42 AM