Probably just 3 different places. Tired la digging too many places Must be around 3 feet which is about a waist deep.

After you overlap they will add another 6 month, don't be silly wait for 6 month and pay bank rakyat upah simpan. Overlap when near 6 month. Do it for I don't know, 5 years maybe....

Just contact the Bank Rakyat personnel, and she said Bank Rakyat only accept a few gold manufacturers, such as Kijang emas, Dinar Kelantan and some other brands(can`t remember).
Since Bank Rakyat also don`t accept my Turkiyee gold, perhaps i will decrease my holdings in Turkiyee gold and go for Kijang emas or Dinar Kelantan.

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Added on May 16, 2011, 1:16 pmWhose the man who could supply 100gram gold and accept RM5K d/payment ?
Does he supply Kijang Emas or Dinar Kelantan ?

This post has been edited by FrancescoTop8: May 16 2011, 01:16 PM

Bank Rakyat only accept jewellery. This man provide 999/24k jewellery. If you really interested can PM me, I can make an appointment with you and him at Bank Rakyat of your choice. After Bank Rakyat officer approve this is real 999/24k jewellery, you can proceed with payment to him

Dinar Kelantan have many stocks? Which area could we get it around Selangor/Kuala Lumpur?
Is dinar Kelantan cheaper than Public Gold or GCP 1 Dinar Gold?

i am planning to invest in gold during this coming July. Can i know Public bank or maybank better?

me too, wanted to start somewhere last year , but again as a teenager, haiz, i've spend it on some other stuff haha

time to put serious attention to my future..

lol gold so high now still wanna go in ？

learner here

i feel gold is at a high price now, but if we are talking about long term hmmm

or perhaps might advice a right price?

well tell u the truth, i dump all my loan money to gold when it was 700USD , now its reaching 1500 USD, guess how much i earn in 3 years.

but,

i believe if u can buy , go buy silver. gold is not that bull anymore, silver is even powerful ...with petrol rising silver be the first to up more than gold.

buy public silver...or overseas silver fund but its hard.

public silver?

For the statistical fellows here, historical data / prices can be found here
http://www.gold.org/investment/statistics/prices/

My personal findings with Gold in M'sia - please do correct me if i'm mistaken. These info were gathered last year
Gold A/C (not physical)
PBank - the LOWEST (ignoring UOB) spread 4.03%-ish
Min: 20gm start, then 5gm, + x *1gm
Charges: Gold quantity balance of less than 10 grams as at 31 December each year, charged RM10
Requirements: Customer is required to maintain either a savings account or current account prior to opening a GIA to facilitate the debiting of service fee, if any.
Online: Can transact AFTER initial opening

UOB Normal -1.45% spread
Min: 20gm start, then 5gm, + x *1gm
Charges: An administrative fee of RM2.00 will be charged per month if the balance of the account falls below 10gm at month end.
Requirements: Prior to opening a Gold Investment Account, the investor is required to maintain either a savings account or current account in RM to facilitate the transaction, administrative fees or and other charges.
Online: Didn't ask coz EACH BRANCH has different allocation of "gold" according to UOB. Gotta go to another branch if the one U are at "ran out". Kinda not smart IMHO

UOB Premier - 0.72% spread
Min: 1kg
Charges: An administrative fee of RM2.00 will be charged per month if the balance of the account falls below 10gm at month end.
Requirements: Prior to opening a Gold Investment Account, the investor is required to maintain either a savings account or current account in RM to facilitate the transaction, administrative fees or and other charges.
Online: Didn't ask coz EACH BRANCH has different allocation of "gold" according to UOB. Gotta go to another branch if the one U are at "ran out". Kinda not smart IMHO

MBB - 4.46% spread
Min: 5gm, then 5gm + x *1gm
Charges: No ANNUAL FEES, only charge of conversion from Book A/C to PHYSICAL GOLD IF NEEDED
Requirements: Prior to opening a Gold Investment Account, the investor is required to maintain either a savings account or current account in RM to facilitate the transaction, administrative fees or and other charges.
Online: No

MBB PHYSICAL GOLD (KIJANG)
31.105 gm / 1 troy ounce, Spread 4.10%
15.550 gm / 0.5 troy ounce, Spread 6.02%
7.780 gm / 0.25 troy ounce, Spread 8.02%

Yesterday just bought some Bunga Raya gold bar from Poh Kong, today feel a bit regretted after seeing this thread. The price I paid was RM177 per gram which was "their market rate" yesterday but after seeing the rates from the Public Gold and some paper golds account offered by Banks are only RM140-150 per gram. Furthermore, their spread is 11% if trading solely with them... Why is their price is higher than the rest but still able to sell many of them??

Why?

Because of you...
You already contributed one of their sale.

Joking only, no offence.

This post has been edited by cherroy: May 17 2011, 05:17 PM

Lol....why not make any research first current market price is 171.37, you can get lower than that

Which shop can get 171.37? I mean why the rate comparing to those paper gold is significantly higher? Is it because they included the workmanship??

171.37 is rate at Monday 16/05/2011. The price is depends on the gold type and the seller. If you buy more than 100gram you can get lower price. But pay 177 is too high in my opinion. Nowdays got lots of gold seller, no need to go to famous gold shop because they will charge you kaw2

Because it is a retail price recommended.

Some sort like that, if you want to view it like that, aka profit + workmanship + cost incurred.

You only can resell the gold at its real actual worth, aka roughly near the paper gold price.

Which are the cheaper and reputable jewelery shop that can trust?

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Added on May 17, 2011, 9:31 pmHowever I can sell those gold bar back to Poh Kong with their market rate - 11% which I think it's reasonable because if I sell non-Poh Kong golds to them, I'll only can get back market rate - 25%.

This post has been edited by echoesian: May 17 2011, 09:31 PM

-11% is still an hefty premium paid or spread paid, if solely from the view of investment perspective.

Gold price needs to surge 11%, just for you to breakeven.