Why u close la? Cashing out for duit raya or cashing out to buy physical gold?

What was ur buying price? I also planning to close the maybank gold account which opened last year. 

SHould have just kept it and opened separate accounts with other banks if u wish.

Anyone can let me know which bank to pick to invest gold?
1gram is how much? mind to share n let me know more..
im still new in gold investment.. gold investment is long term?

Hi, I am a student from a university. I have saved some money. Thinking of buying gold as my first investment. Hoping I could get several important advices & experiences here. I did some researches, I know US economy may collapse to worst soon. So, gold would be what people looking for as a valuable property at that moment. It will shoot up fast. I guess.
1) Which bank actually gives better offers?

Tq, big bro & bog sis.

I'm a student, and turning to 21 this november (I hope it is not too late). I am going to open an account soon. Maybe i open with MBB since i have MBB savings acc and MBB is one of the nearest bank that i can find in my place. So, I'm gonna start small. I hope the gold price will go down to as what i spotted (sorry guys). Then immediately i will open an account. and after that i will increase the amount of gold in my account from time to time. I hope i can join you guys soon, btw this is gonna be my first investment

on thursday morning 10am you'd get @ 171.xx, i missed the boat and it was RM169 around 230pm.

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Added on August 15, 2011, 1:40 pm

loss. unless you are buying physical or kfh's physical account. physical delivery of your gold is guaranteed

waiting for gold to return to 1600-ish, which i shall take my leave to go KFH in KL for account opening

This is not intend to be stereotyping comment, just want to share what I read before for stocks.

"When a taxi driver tells you what to invest on,its time to bail out from it"

Exit at RM172,now dump inside uob merdeka FD

yes. you must have the original receipt.

btw, does anyone knows/tried selling back gold coins to uob which was bought from someone else who bought from UOB?

i.e A buys from UOB. A needs money and sell to B at cheaper price than UOB sell,higher than UOB buy (win-win)
Can B take the coin bought from A and sell back to UOB? Or is it only the registered purchaser can sell back?

cyber,
usually based on 2009.2010 gold goes upward nearing deepavali and continue slowly to rise until dec. then will be sideways until end jan/early feb (CNY) where the price will go down a bit. maybe a lot of chinese sell of gold to celebrate CNY?

i'm waiting for a dip right now to enter back, else dump in ASB first then wait next jan/feb to enter.

past performance does not indicate future performance.

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Added on August 16, 2011, 11:26 am

if i had the money for 400gm, i'd goes for uob, could get rm1.50 spread.

Hi bro, but who would do that? Why selling at much cheaper price when I can just sell back to the bank? Unless the bank is very far away from my house? But my opinion is that as long as we have the receipt then should be okay I suppose. The question is, if I lost the receipt, what are the consequences?
Why is KFH better? can you explain? sorry if i didn't catch up with the earlier stories. I thought as long as whichever spread is lower then go to which bank? Although the initial deposit of 20gm might be heavy for some initial investors alike.

that's why i think that we cannot put all our money into precious metals.
most of my moneys are in ASB, stock market, tabung haji and banks.
only properties have not made it into my protfolio yet... hehe

Tomorrow FGJAM increases to RM210/gm haha

I still cant imagine living in a world without the use of paper money. How inconvenience is that? How are we going to buy a 30cen stamp with gold? 1g is already worth RM172. RM0.30 = 2 mili grams, when a small wind comes the next thing u know is..... wala bye bye

Do your own research before commenting, jewellery shops do sell gold bullion too.

Gold has broken through the US$ 1,800 barrier. Its now trading at US$1,821. Just wait and see tomorrow's prices in Malaysia. It will be close to RM 180 per gram unless gold drops tonite.

I think nothing will stop gold now. I should have opened up my UOB account on Monday. Damn! 

OMG     
yesterday the spread was 5.2, today already 5.4....

from 4.2 > 4.5 > 4.7 > 5 > 5.2 > 5.4

would you still go for CIMB?

for those wanted physical security - go KFH lah.... the spread RM10 is equal to PG spread 20gm...so you can already have your physical the day u deposit....

waiting does not gives u more money. today also, we'll hear more ' i should have <fill in the blanks> last week when it was USD1720/oz

hmmm which do u think is better, open an UOB account and withdraw physical gold OR buy PAMP suisse directly from goldsmiths?

PAMP one got cert right? if u dun want, pass the deal to me la bro.