Which compahy physical gold have the lowest spread ?

i think 'greed' word suits us human; not as in greedy greed, but greed as in wanting beyond our needs. that's why we value them. If we don't greed hard enough, the gold's value will not be where it is today.

KFH, maybank, UOB are offering physical gold! I don't know about the pricing but the gold offered by KFH is less is purity (99.5%) and maybank being the highest.

http://www.horlic.com/comparison-between-5...hoose-the-best/

p/s: Where to buy 2 or 5 Kelantan Dinar? These things surely hard to find.

Fellow investors, just thought U'd be interested in this article on gold:

http://www.getrichslowly.org/blog/2011/05/...esting-in-gold/

in islamic world,the currency we used since 1400 years ago is Dinar(gold) and Dirham (silver) until the fallen of Ottoman Caliphate,it is the real money,free from inflation and manipulation,

Check out the history of paper money

Ok. In USA, some of people make a store by themselves and store 2 year supply of food. That hoarding. Storing 1-2 mths is not consider hoarding.
I visited a rice factory b4. Best item to hoard for rice is dried white rice vaccum pack, can last up to 5 - 10 yrs if store in underground low temperature low humid place.
vacum package is more expensive. Brown rice got lot of vitamin but it will only last max 2 mths if exposed to air.

y physical gold is better than gold paper? just because of the low spread? That all? correct me if i am wrong?

Theres an adage about physical gold

one more!

"If you cant hold it,you dont own it"

1. I disagree with most of it and the suggested portfolio. For me portfolio only Precious Metal, Cash and Property or LAND. No Stock.

2. There will be a stock crash in July August 2011 when the Quarter 2 financial report for all major companies comes up. Many companies are slowing down due to
unavailability of spare parts for many industry. Japan one of the most advance country one of the major industrial park is spoilt. It can never be rebuilt.
There is no oil for that. My customer told me "When Dow jones crash", whether U YTL, PBB, Maybank etc, they will crash."


3. The article suggest 25% in USA treasury bond.
Everybody 1 2 get rid of USD U go and suggest its bond.

4. http://www.commodityonline.com/news/Holdin...-39334-3-1.html
In 1980s during the gold peak prices, gold is 25% of world financial asset, now due to Fed printing press gold is just 1% of world financial asset,.
Let said we have a conservative figure 10% of world asset

5. national bank stop selling gold already. They have become the nett buyer of gold. If it is a bubble, sell all lah. Short somemore better.

6. The only way for the price to go down is via monetary contraction where the excess $ is removed from the system.
1st by increasing the interest rate.
Then followed by written-off the debt.
Question remains "Let said gold is 10% of the world asset, how to remove at least 50% of the money from the system"
However, if this is done, politician will not get elected.

7. There is no more good EROEI oil, thus no more growth even you have $ U don;t have energy as there is no oil to be brought at any prices to get the work done for you.
Thus, gold and silver is one of the best option for currency collapse.

why physical gold is better? hmm.. from some of the previous post, they did explain about it. I think the main advantage is you can bring it out and sell it? and if use paper gold, you only can sell it back to the company/bank

Why no stock?

When QE3 comes, DJ will keep chuggin along........where do you get

no spare parts? Japan dont manufacture many spares IN JAPAN. methinks theres a thing called outsourcing........thnk China

i have been trading paper gold since 06, still feel paper gold is better than physical gold imho cause :

1) guaranteed buyer whenever i want to sell and convert to cash
2) low spread compare with physical gold
3) more money can be made trading than just investing provided you learn to trade

Some lessons i have learn is

-if USD tank then RM will appreciate in value

-Gold can be revalue in price i.e US in the 30's if i remember correctly

-if gold price went parabolic then majority of gold holder will want to sell, when supply more than demand, Buyers will increase the spreads

-What if your physical gold seller close shop or stop buying back?

-known such a company existed in KL selling gold DINAR in 05 and when gold price go up in 08 the company director just close shop and fled overseas, end up the buyer have to sell to normal gold shop for around 60%-50% of the spot price

Maybe some of the physical gold holder can check with those gold shop i.e. poh kong, what kind of buy back rate or spread they are giving for gold coin or bar that is not originally bought from them?

I think for silver bar or silver coin there is even less buyers.

All the above is just my humble opinion, please DYODD

This post has been edited by 97th Mobile: May 26 2011, 12:54 PM

sorry, I not very familiar with these.
Can you explain what does this means "-if USD tank then RM will appreciate in value"? what tank do you mean?
Gold can revalue in price? like how? is it like now is rm150, and they revalue to higher? In what condition they will revalue??
Gold price went parabolic means? Go up and down?

i think he means if USD go down, RM will be higher.

And I think the rise of the gold price in USD also because of the decreasing value of the USD.

It seems like a lot of Malaysian start investing in gold. I wonder, in future, will the supply more than demand..

---

Added on May 26, 2011, 2:04 pmWhy the rise of gold price will decrease USD value? What's the relation between USD and Gold?

This post has been edited by xcarfieldx: May 26 2011, 02:06 PM

Gold price is quoted/based on USD.

If USD goes down, while if gold price doesn't go up <------ it makes the gold "cheaper" in term of currency outside USD.

This post has been edited by cherroy: May 26 2011, 02:26 PM

Normally if USD go down in value, other country rich in raw materials i.e. Australia or Canada currencies will go up in value.
another example is RM3.80 exchange to USD 1 few years back, now is roughly RM3.0x exchange to USD 1.

Gold spot price can be revalue or peg up or down by a country just like thier local currencies.
As to why revalue, well too long story try google US great depression or vietnam control gold price or gold revaluation for a better explanation.

for me parabolic means up

as to wondering if supply will be more than demand in the future.
imagine if the house in your area increase value from RM400k to RM1 million within 6 months and 30% of your neighbours put up thier house for sale, would there be so many buyers within a short period of time. Same if you are the gold buyer, when you see so many people want to sell physical gold to you, would negotiate for a better price?

This post has been edited by 97th Mobile: May 26 2011, 03:08 PM

Agro Bank stop receiving jongkong emas & Dinar for pawning. so wats the best way to rollover physical gold now guys?

Is it?? I just pawned 3weeks ago. Normally all didn't accept Jongkong & Coin except which produced by
BNM "Kijang Emas" and established comp such as TOMEI & Poh Kong etc. It's a rules create by BNM
as Ar-Rahnu facing problem caused by Etiqa Emas.

But the trick is u can customised ur Dinar "coin" into "jewellery"..

So basically in your opinion is it better to buy gold dinar's 916 or gold bars 999.9? I mean if you have 10K as capital. what should one spend on..

This post has been edited by dinodrumz: May 26 2011, 05:37 PM