oic. means, if USD raise, then the gold value will be increase too.

Since everyone is buying gold and storing it without use it,so we can say that there's a probability that supply will more than demand in future right?

Do you have any recommended dealer if want to buy unique / exotic dinar and dirham I just want to keep Dinar and Dirham to myself, not for investment purpose

why you all pawn the gold?

Can anyone tell me how much does BNM sale its Gold Kijang at the moment? Im thinking of purchasing some since its gold credibility is reliable.

You can check at the price: http://www.bnm.gov.my/index.php?ch=12&pg=141
The 1 oz coin has a lower spread

Few reasons

Reason 1 Playing a fool
Reason 2 For safe keeping... balik kampung and no one at home
Reason 4 No munny
Reason 5 Leasing for credit so they can buy more gold

Aiyoh this question again... posted so many times oledi.

This post has been edited by aaronpang: May 26 2011, 11:24 PM

I think they do it for Reason no 5. But banks keep changing the rules.
People pawned gold and when the rates go up, they go back to the bank to overlap their loan. I heard it is only profitable in Ar Rahnu because the rate is .75% per month compared to 2% traditional pawn shop

Right on the spot

Edit : Sup dupe

This post has been edited by Sifha238: May 26 2011, 11:58 PM

From my personal view, in case u plan to pawn it for any reason that u'll face in the future, go for jewellery to avoid a lot of constraint in order to pawn it. Yes, u'll lose a bit for it's "upah". Or u can purchase a kijang emas gold coin produced bty BNM. And u need to bring that gold cirt. if u r goin to pawn it at Ar-rahnu.

Try taking a look at this list.
List of Malaysian Dinar

There is a list of websites for more information about the dinars.
You can ask around in the group if you are really serious buying.

Owh good, thanks

BNMs kijang is sold at Maybank....they dont give certificates for the coins

Ya, thats y i say that gold has been increasing a lot this year because USD goes down....

I heard if you want to pawn Kijang Emas to Ar Rahnu, you have to bring your purchase receipt.

Lot of japanese company such as Toyota, Nissan is shutting and slowing down many of the plant in USA, Europe.
All you need is few components certain chipsets from Japan then you cannot complete your the product such as Iphone.

Many of the high-tech stuff still belong to japan, only done in Japan, only Japanese know how to do it. 20% of world electronics
On top of that, high-tech stuff sometime need pre-long fine-tuning and calibration, now the factory is gone.
The process of re-building and re-calibration takes time. Whether there is any profit from rebuilding it is still questionable.

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Added on May 27, 2011, 8:47 amlatest memo from Agro Bank (confirmed) and bank Rakyat (i think confirm), no more pawning of gold bar and gold bullion coin. Only jewerely.
For those who drop by bank Raykat U can double confirmed it.
U should have other option in hand as bank will change their policy from time to time especially those Bank Rakyat, Agro Bank, Islam bank etc.
big banks seldom change policy.


This post has been edited by GoldChan: May 27 2011, 08:47 AM

i thouight you were refering to the damage in Japan.

On the other hand, i am sure they wont shut down the plants which may affect assmbly?

Again many of these electronic components and assembly are NOT manufactured
by the cars manufacturers themsselves. Infact most R&D, Design and manufacture these
items are OUTSOURCED

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Added on May 27, 2011, 8:51 amAs usual these are fickle banks chnaging their minds at the drop of a pin.....mentality of some managers.
The strange thing is they accept jewellery and NOT bullions?

This post has been edited by prophetjul: May 27 2011, 08:51 AM

Just called Bank Rakyat pawn centre(Az-Zahab scheme), they accept gold coin & bullion for pawning.
But, only selected maufacturers are recognised :
i-Kijang Emas
ii - Dinar Kelantan
iii- UOB physical gold (Mapple leaf & Australian nugget)
iv- Jewellery shop(Poh Kong & Tomei)
v-1Asia(cant remember its full name)

You need to bring receipt or serial number of the respective bullion for confirmation.

I think buying Dinar Kelantan or Dinar Perak will be of the safest way for now. And their price follows www.islamicmint.com.my.

The obstacles is to buy from a reliable dealer...

Look there, a physical gold with certificate is important.

ic. just want to confirm again see whether I get it right.

When USD goes down, Gold value will be cheaper to other currency such as Malaysia(because Gold is valued in USD currency). Since it is cheaper, alot people buy it.

When demand is increase, the price of gold increase.

Am I right?