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Why Investing Gold thru passbooks/physical thru license financial instutions is better than any company who sells your GOLD that might even scam you


Comparisons on spreads and other charges for Gold Savings Passbook/Accounts:


This post has been edited by aeronic: May 12 2011, 11:56 AM

Hi all sifus,

Which reliable source or bank recomended for gold investment?

Is the current price too high?


Thanks in advance.

Thats what they told with gold price at

$450
$550
$750
$850
$1,000
$1250


i dont know anymore....

the current price is 142.xx/g

half a month ago, the price drop till RM132.xx, and I advice some of my friend to purchase... now they make money ledi...

but the price now ... in my opinion, is damm fcuking cheap... (stand at 5 to 10 year later, think about today price. Ask your self cheap or expensive)

hi...newbie here.....

just wanna ask some question (just correct me if i'm wrong)

1st, if i'm not mistaken, there's is different outlet (bank) that enable us to buy gold rite? (thru some accounts)
do they charge differently for each different banks?

2nd, where can i monitor the price of gold for a certain period of time to check the performance of gold, before i start investing in this?

to see the price of gold just go to
http://www.kitco.com/

i would recommend public bank and maybank gold savings passbook
the price for public bank is slightly higher, but the spread (buying vs selling) is the same
so it is roughly the same
you can refer to this post below from v1:
This post has been edited by aeronic: Mar 1 2011, 12:26 PM

If u check the spread value

PBank and maybank is around RM5.50

Where as, UOB is only Rm2. No brainer, and i went for this

thanks for all the feedbacks

i'm just trying to know more in this investment..
can't say i will go into this investment for sure in the near future...
but just wanna get an understanding on it and have a look at it before hand

thanks!

Yesterday Gold up in USD + USD/MYR up = Gold in MYR up,
today Gold up in USD (since morning 8am to 5pm) + USD/MYR down = Gold down in MYR (5pm).

For newbie, UOB account you have to buy/sell at incremental of 5g per transaction after opening account e.g. buy/sell 5g, 10g, 15g, 50g and not 8g, 18g or 28g.

Those of you who have free time, click here to read my post titled Currencies Rolex No.8 at my blog called Ringgit Wise Fool, where I did touch briefly on currencies vs gold.

This post has been edited by Gen-X: Mar 1 2011, 07:25 PM

wana get advise i got offer frm bank which im allowed to loan out RM10k, shud get the 10k n invest to this gold investment thingy?

tq.

how about invest on silver? can or not?

The spread for silver Physical in Msia is ridiculous and obscene like about 25%!

If you wanna invest in silver, cheaper to

Try the ETFs listed in U.S like

iShares Silver Trust(NYSEArca: SLV )

ProShares Ultra Silver(NYSEArca: AGQ ) - Be careful of this one....its a leveraged ETF against silver price like 8 times! Can be exteremely volatile!

Silver miners

For those who are interested in gold but hesitant to buy then you are at a lost.
Just buy a little whenever you have spare cash. Every month buy a little-little.
Yeah, everybody wants to buy at a low price but how long do you want to wait?
Now expensive? In future might be even more expensive! Wait some more lah.

From the posting, I guess the people who are new to gold is that they are going to dump a huge amount of their money on it.
Forget about it and then profit double triple overnight. My advise. Start from small. Avoid those paper gold account.

No money want to take loan to invest. You siao meh?

This post has been edited by wu ming: Mar 2 2011, 10:40 AM

Perak state launch new dinar and dirham coins.

Good for investment? What you all thinks?

U can, but it makes not much of a difference buying a Gold savings acc, tru UOB. unless if it's silver, but then again, Kelantan dirham is selling like 1X more than the current silver price

Good for collection. Not investment.

and how about gold dinar/gold coins offered by public gold? okay or not? Plan to get some

publicgold.com.my

This post has been edited by soundsyst64: Mar 2 2011, 12:48 PM

Oh those are bullion coins. No year whatsoever and mintage is infinity. Not very good for collection.
The spread is quite close when they started out but now damn far away. Maybe because many people bought it.
For Public Gold, buy the dinar with higher denominations if you would like to profit more.

i'm more into long term investment.

dinar coins have 1, 5 and 10, and also 50 gram gold coins. I'm planning to take at least 1 dinar x 3 pcs for starters since I have limited budget to get 5 or 10 dinar.

I bought a few dinars back then last year on March.
When I buy back the I told myself so expensive still buy. I must be stupid.
If I remember clearly, it was price at RM500.00 back then but look at the price now.

Sweat, I just manage to buy 1 piece of the 1 Dinar Perak yesterday. Very popular and sold out on the spot once it is being open for online booking.
This goes into my collection.

This post has been edited by wu ming: Mar 3 2011, 10:45 AM

i just got to know that public bank gold account got hidden charges!
the customer service told me that if our acc is not active for more than 6 months, a fees of rm10 will be chraged to us.
just wanna double confirm here....

Hi there...just like to know what is the SPREAD that u all mention above??

As i replied before

'If u check the spread value
PBank and maybank is around RM5.50
Where as, UOB is only Rm2. No brainer, and i went for this'

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

I used this as reference to choose which bank I wanted to invest into.
Here are listing comparison of 5 banks in Malaysia for the gold accounts.
Hope it help others as how it helped me

really? i was not informed about this
just that if my gold account has lower than 10g, then RM10 will be charged at the year end.

You are narking futz... what if it drops, then you have to pay back the capital (which you don't have now that the value has dropped) and the interest. Never play with money you can't afford to lose

From the link I provide, there's a table of comparisoon between the 5 banks in Malaysia.
On the table got a part where it list the "hidden charges" as you all would say.
The 4th info on the table

I believe China + Russia will realise "BLACK MARCH" 2011.
Cant wait.

is this gold savings acc. by citibank new?
Citibank Gold Acc

What's black March

China + Russia + few countries officially denounce USD.
Guess what will happen to gold if BLACK MARCH really realised as planned ?

Yeah, china have more than 1 Trillion holdings in USD Treasuries, as if they will denounce the USD.

I really hope China will dump US, so economic power will shift from west to east.
And China lately really crazy for Gold standard.

Any one knows of ways to short the gold spot price other than thru forex broker?

I try not to play with leverage cause i am not experienced enough...

as far as i understand most of the forex broker give leverage.

Thks

SPREAD is selling value minus the buying value, then u see the different.

bought couple of silver bars today. Poor man's gold. potential is there to rise

Buy USD-denominated assets, e.g. funds, shares, FD, bonds

Thanks ,

but sometime the gold spot or silver spot price does not co relate with USD very well (they might drop together)

where can buy silver bars in KL?

What makes us think that China is not already dumping the 1 trillion worthless greenbacks? As i understand, the chinese have been going around the world buying up anything from anyone who are happy to take their worthless paper. Quietly and slowly, but surely they are getting rid of the useless paper. They did manage to spend around 40billion on the Beijing Olympic games, didn't they?

Believe it or not, US economy recovery mostly depend on China hand.
If China dump US diplomatically(unofficial/silent), share market not get much effect.
BUT, if China dump US officially (announcing it to the whole world), share market will doom.
So, i really hope China + Russia will go ahead with secret mission "BLACK MARCH 2011".

china throwing USD officially is like throwing stone on oneself foot....

when they throw USD the value of USD will drop....if usd value drop....china who hold the most USD will suffer ....terror balance...die together

US value drop = rise in commodities
rise in commodities = food inflation
food inflation = biggest problem in china


US more happy if their currency drop....slowly ofcourse........improve their export



This post has been edited by dr2k3: Mar 8 2011, 11:31 AM

If USD keep dropping, world will not use USD as monetary system because it value depreciate.
World then looking for better monetary value and at that time Renmimbi and gold standard will arise.
And i think China prefer Gold standard, that`s why China keep buying every ounce gold available recently.

other currency as world currency.....i don't think it will happen in my lifetime

if i were a currency trader i will buy renmimbi for "profit" but will not use renmimbi as "currency"......i don't trust china government

china prefer gold standard...where did you get info from?

[quote=dr2k3,Mar 8 2011, 11:45 AM]
other currency as world currency.....i don't think it will happen in my lifetime

- not happen in ur lifetime ? China n Russia beg to differ
http://www.chinadaily.com.cn/china/2010-11...nt_11599087.htm

if i were a currency trader i will buy renmimbi for "profit" but will not use renmimbi as "currency"......i don't trust china government
- i dont trust U.S whose keep printing USD out of thin air.

china prefer gold standard...where did you get info from?
- it`s speculator thing. u dont need to know

[quote=FrancescoTop8,Mar 8 2011, 08:42 PM]
[quote=dr2k3,Mar 8 2011, 11:45 AM]
other currency as world currency.....i don't think it will happen in my lifetime

- not happen in ur lifetime ? China n Russia beg to differ
http://www.chinadaily.com.cn/china/2010-11...nt_11599087.htm

if i were a currency trader i will buy renmimbi for "profit" but will not use renmimbi as "currency"......i don't trust china government
- i dont trust U.S whose keep printing USD out of thin air.

china prefer gold standard...where did you get info from?
- it`s speculator thing. u dont need to know

[/quote]
good, then bet all your life saving in gold then.
In the end, the true winner would be George soros, Jim rogers ,Goldman sach , and other bunch of US investment bank and hedge fund.
Don't worry, US dollar is useless paper and gold is the safest investment. Go on.

i got trade GOLD and SILVER at the moment, i can tell you that the trend is super duper strong at the moment.

fundamental points
1. All the low interest money will cause all the investment money into commodities especially food, precious metal and oil
2. China's long term plan is to turn their RMB into the next reserve currency, means next time they wont trade using USD anymore, all the prices will be quoted in RMB (this plan already drafted out and will be carried out silently in years to come)
3. US debt ceiling will hit 14.5 trillion within this 2 months, they'll have to change their constitution to raise the debt ceiling
4. US's deficit per year will be about $1trillion per year, interest paid on the debt about $100 billion.
5. QE2 program will be ending this June. You can expect very crazy moves on DOW before JUNE because all the QE2 money is used to drive the stock market up. What if QE2 never continue ? DOW JONES will crash to 6500 instantly. If QE3 comes, you can expect another $600billion magic money appearing in the market
6. Rising oil prices will cause a lot of GDP to lower, rising cost of metal will eat into profits, a lot of country GDP not showing healthy rate, if this continue, GDP will go back to negative, stock prices cannot go up higher because profits wont be good, so stocks wont be going up. If property, stocks, bonds all not working or BEARISH, you think all the money will finally flow into where ?
It'll end up in commodities

how do you think china keep its currency value low when the demand for RMB is so high?




Microsoft monopolized OS market and i have yet to see another competitor that is capable of replacing Microsoft despite all the alternative

This post has been edited by dr2k3: Mar 9 2011, 12:41 AM

That`s 1 of China strategy.
U.S keep asking China to revalue the RMB, but so far, it fall on deaf ears.
It shows that how powerful China is.
China is so powerful that U.S dont even dare to take on North Korea.

don't look down on USA, china may end up like Japan if they don't manage properly their policy. old technique but almost every country victimised by USA financial attack.

so you don't trust US print USD out of thin air but you trust china government print RMB out of thin air?

Gold Beats Buffet

Justin Smyth
7 March 2011

Warren Buffet released his annual shareholder letter last week and also conducted what has become an annual interview on CNBC with Becky Quick. During the interview they covered an array of topics including the economy, the U.S. government's fiscal situation, inflation, Berkshire's investments, and oil. At one point during the interview Joe Kiernan asked Buffet about gold and commodities. Kiernan said:

"…And there are periods where financial assets are great from the like early '80s to 2000. And I just wonder if there's then periods where hard assets are great. And you see Paulson and gold and some of these other guys and gold or commodities. Are you just not comfortable with commodities? Are there times where you should be downplaying maybe stocks or businesses and going totally full-bore into commodities but you're just not comfortable doing that?"

Buffet gave a lengthy reply, which included the following:

"…I've said consistently for the last few years I would vastly prefer to own common stocks than fixed dollar investments over a five or 10-year period. I don't know any about the next five hours or five days. And that might very well extend to rental real estate, it might extend to farms. I mean, an investment you're looking for something where you put out money now and that asset that you buy gives you back more money over time. Now, the problem with commodities is that you're betting on what somebody else will pay for them in six months. The commodity itself isn't going to do anything for you.

So there's two types of assets to buy. One is where the asset itself delivers a return to you, such as, you know, rental properties, stocks, a farm. And then there's assets that you buy where you hope somebody else pays you more later on, but the asset itself doesn't produce anything. And those are two different games. I regard the second game as speculation. Now there's nothing immoral or illegal or fattening about speculation, but it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something you expect to produce income for you over time…"

Buffet also made this comment about gold:

"…With an asset like gold, for example, you know, basically gold is a way of going along on fear, and it's been a pretty good way of going along on fear from time to time. But you really have to hope people become more afraid in the year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money. But the gold itself doesn't produce anything…"

When you analyze Buffet's answer it does seem to be consistent with his investment philosophy. Buffet is only interested in businesses that produce cash flow, and that create products that people need. He's not interested in speculating on the price of a specific asset class. Obviously gold doesn't produce cash flow, so the only way to make a return on gold is to speculate on its price appreciation, which Buffet said is a game he's not interested in.

The biggest flaw though in Buffet's response is when he makes the comment: "the problem with commodities is that you're betting on what somebody else will pay for them in six months". This isn't totally true since an investment into commodities could be either short term or long term in nature. Only commodity futures and options carry fixed time periods that expire, but expiration dates can go well into the future, and it's also possible to roll over a position into a new contract. Speculating on the long term trend in commodities is possible through stocks and ETFs as well as the futures markets.

Buffet seems to be not interested in speculating on the price appreciation of an asset, even if there is an established long term trend higher in the price of the asset. That's just his investment philosophy. Other institutional investors do not share that philosophy, and believe in the concept of long term trends in the prices of different assets. And that is what separates a value investor in the Warren Buffet sense, from a value investor that looks at the price of an asset in relation to where a long term trend could take it. Buffet sees the value from the income produced by an asset, in relation to the price paid for the asset. He wants a low price compared to income, but is not overly concerned with what the future trend of that price might be. A value investor concerned only with the fixed price of an asset wants a low price for the asset, but more importantly wants a low price with a reasonable expectation that the longer term trend is going higher.

There's no question that Buffet's investment philosophy has been hugely successful. But it should be known that the lump of gold that Buffet isn't interested in investing in has beaten him in investment returns over the past 10 years. For not "producing anything", gold has shown that it was remarkably undervalued in 2001 given its price appreciation to the current date. The table below shows the annual percentage change in per-share book value of Berkshire Hathaway, as reported in the Berkshire Hathaway annual letter, compared to the annual change in the price of gold based on the closing London PM fix for the year. As the table shows below, in 9 out of 10 years from 2001-2010, gold produced a better return than Berkshire Hathaway.




Gold's cousin silver has shown an even greater outperformance. Silver beat Berkshire Hathaway in 8 out of the last 10 years, and outgained Berkshire by an average of 15% per year over the period.




The fact that gold and silver have outperformed one of the greatest value investors of all time for a 10-year period shows the power of the long term trend in gold and silver. It also shows the value that can be obtained from identifying a long term trend early, no matter the asset class.


http://www.gold-eagle.com/editorials_08/smyth030711.html

Yes.

But equities is not performing for the last decade since after dotcom bubble.
DJ was 13000 back 2000, now 12200.

If drag the period between 1990-2000, result is different.

Any asset class perform depends on different environment.
It is the economy situation dictate how well an asset class perform.

If Fed is hawkish, and reluctant to use cheap money as economy stimulate, we could see different performance on various investment tool.

It is external factor (human made or central banks policy) that influence the movement all along.

If the Feds reverse their policy now, U.S will go into depression......dont think Benny wants that!

They are at a crossroads of Do that, you die, Do this, you die.......its just that the rate of dying is dfifferent.

read this awesome article, it shows how little investment money is in the GOLD market atm.......

http://www.zerohedge.com/article/guest-pos...re-not-watching

global pension funds control $31 trillion worldwide, all holding less than 0.3% of their portfolio in GOLD.....

imagine if MUNICIPAL BOND defaulted, all these money rush into GOLD ETF or physical GOLD

As I said way before, gold market is actually very small as compared to bond market and equities.

No, if any crisis, bond defaulted, people will rush to USD or US treasuries.
Gold market pond is not big enough for such a giant fish (the financial market money, liquidity) to seek for safe heaven.

Yes, gold may rise together with the safe heaven rush, but it is spill over effect, the real safe heaven is always USD and US treasuries as view by the financial market.

2008 is the classic eg. we can see from.

right now a lot of the municipal bonds are in deep shit, if one state default, what will happen to the insurance's fixed income ?

i don't trust any of the paper money ...

please "donate/transfer" all ur paper money/money into my bank account~ ty




default? not likely....there will bail out here and bail out there like what happen to greece........

i have parked my paper $ into earthly products ... LOL ...

I don't think they will let them fail or default just like that.
Even AIG also being revived.

Too big to fail again?

My view only.

---

Added on March 9, 2011, 4:58 pmPlease pay your bill, your hawker foods in gold next time and also doing business transaction in gold term.

Can I contact you for business trade?...

Joking only.

Seriously, you also value gold at USD, aka a paper money form/valuation. Gold value come from paper money...

This post has been edited by cherroy: Mar 9 2011, 04:58 PM

by the way .. Asia Trader and Investor Conference is coming up soon .. maybe those interested in gold and its trend can go there .. quite a number of talks ...

more details at http://www.theatic.net/


hawkers will prob think i am mad or that i am trying to pull a fast one on them for a plate of char kuay teow ..

if you have nice earthly stuff to buy or to sell .. contact me ..

This post has been edited by alhs76: Mar 9 2011, 10:52 PM

methinks those who hurried into USD found out that safe is no longer a word associated with USD and US treasuries
very fast!

In 2008, USDX as result of safe haven buying went to 88, now presently its down to 77 and still trending down

QE anyone?

---

Added on March 10, 2011, 7:32 amOh OH....its coming......U.S bond collapse??

http://www.reuters.com/article/2011/03/09/...E7285M020110309

My highlight

PIMCO Total Return dumps government-related debt

(Reuters) - The world's largest bond fund dumped all of its U.S. government debt in the biggest signal yet of how negative investors have become about the U.S. Treasury market.

The move by Bill Gross's $236.9 billion PIMCO Total Return fund comes in the wake of a vicious Treasury market sell-off and just days after he questioned who will buy Treasuries once the Federal Reserve halts its latest round of bond purchases in June.

Bond prices have come under severe selling pressure because of a strengthening U.S. economy and as investors brace for what could happen when the U.S. central bank ends its controversial quantitative easing program. The 10-year Treasury yield hit a 9-1/2 month high of 3.77 percent on February 9, rising 40 basis points in the short period from the end of January.

Last week, Gross told Reuters Insider that a 4.0 percent yield for 10-year notes is a "rational expectation" if the Fed "disappears as the buyer of last resort," Gross said.

Pacific Investment Management Co's Total Return fund sold all its U.S. government-related securities, including U.S. Treasuries and agency debt, a source familiar with the fund's holdings said on Wednesday.

A PIMCO spokesman declined to comment.

In January, the Total Return fund slashed its U.S. government-related debt holdings to the lowest level in at least two years and increased cash and debt holdings from other developed nations.

"It's certainly an important signal in the sense that they are allocating away from Treasuries in favor of a higher spread product," said Christian Cooper, head of U.S. dollar derivatives trading at Jefferies & Co.

Government-related securities include Treasuries, Treasury Inflation-Protected Securities, agencies, interest rate swaps, Treasury futures and options, and corporate securities guaranteed by the U.S. Federal Deposit Insurance Corp.

Gross, who also helps oversee more than $1.1 trillion as PIMCO's co-chief investment officer, has often railed against U.S. deficit spending and its inflationary impact. He has advocated buying bonds with "safe," higher yields -- such as emerging-market bonds -- that can withstand possible erosion of returns by inflation.

The Total Return fund's cash holdings surged to $54.5 billion as of February 28 from $11.9 billion at the end of January.

Cash is defined as anything that has a duration -- a bond's sensitivity to interest rate fluctuations -- of less than 1 year.

But PIMCO may have other asset-allocation plans. In a December regulatory filing the Total Return fund said it may start investing up to 10 percent of its assets in "equity-related" securities, such as convertibles and preferred stock, after the first quarter of 2011.



This post has been edited by prophetjul: Mar 10 2011, 07:32 AM

Under Public Bank's GIA, what soft of wafers are there for physical withdrawal? I'm considering opening an account there

Real Italian Job...
story

yes within cherroys's joke there is a point, things including precious metals are valued in currency.
there is only so much gold on earth. value rises when there is demand for it, may it be manufacturing, jewellery or investment/speculation
but when you trade, you use currency, hence it is valued in currency and the value in monetary terms is only as good as the selling price.

hi all,

i am plan to invest buying gold,

can someone recommand me which bank are good to invest?

and how is the process work out?

U can refer below , only certain banks have gold savings acc
Normal procedure, open a savings/current account, and just invest tru there

All of them almost the same, juz check on the SPREAD value (ie buying/selling price) . UOB has the lowest spread , rm2 vs other banks @ rm5.50 etc. So..yeah go for UOB

Has anyone purchased Kijang Emas recently? I read (unreliable source) that Kijang Emas are no longer minted

Consider rearing a couple of mouse deers or planting a maple tree

actually this used to be the reverse ... fiat currency or paper currency (which is based on trust) used to be pledged against gold. The biggest fear today is the United States defaulting on their debt responsibilities .. which will bring the whole system crashing ... which also explains why there is a upsurge in gold prices. no one can say when this day may come, and there are many arguments for and against this fiat currency collapse ... but one thing's for sure ... central banks are hoarding gold --- their gold reserves is actually increasing not to mentioned the already short supply out there consumed by everyday consumers like us ... ... so GO GOLD!

This post has been edited by alhs76: Mar 10 2011, 01:33 PM

yeah, I'm more bullish on Gold's cousin, the SILVER...amount available above ground is lesser than gold.

are u interested to buy physical gold?? if yes, do pm me & we can discuss in detail


i never buy kijang emas coz i heard it hard sell & if the gold is taken out from the casing, there will be deduction when u want to sell back..

I inquired and the reason for damaged Kijang Emas because scratched and chips reduce gold content so it's understandable. As a buyer I also wont want to buy damaged coins

Besides Kijang Emas and Maple Leaf what other alternatives are there?

I'm not interested in gold savings passbook because those account are uninsured and only in paper. Already got other paper investments and what I want is physical gold

i used to open a public gold savings account with my family members but we have all closed and got ourselves the real stuff after I emailed public bank to ask if their product is backed by the real thing. i even asked bank negara, who doesn't seem to understand the severity of this scheme in the event of a market panic. don't be suprised if malaysia declares a bank holiday

i think the government somehow do foresee that risk n tats one of the reason y u hear about this PIDM stuff a lot on the radio. They are trying to "educate" the people early. if ever another market crash happen don't go cashing out from the banks...

gold saving passbook is the same as physical "IF" backed by physical



isn't it the same as those old people back in old day say they don't trust bank want to keep all their money in tin can at home?

This post has been edited by dr2k3: Mar 11 2011, 12:50 PM

Richard Lehmann: China May Corner Gold Market

Thursday, 10 Mar 2011 11:58 AM
Article Font Size

By Dan Weil

China has likely begun a campaign to convert its dollars to gold that could end up with the nation cornering the gold market, says Richard Lehmann, editor of the Forbes/Lehmann Income Security Investor newsletter.

China is alarmed about potential weakness for the dollar, he says in an interview with Steve Forbes.

So “I’m concerned that basically China is probably already on a program to diversify the dollar into gold. I don’t think they want any other fiat currencies or want to minimize that amount.”


Gold bars
If China buys enough gold, at some point it can simply dictate the price, Lehmann says. And it has the means to do so, given that Chinese currency reserves total almost $3 trillion, and the world’s gold supply is now worth about $5 trillion, he says.

So China could “in one stroke, basically take control of the gold market and tie the dollar to gold so that effectively, if every six months the dollar deteriorates 5 percent, they can just upgrade the stated price at which they wanted to buy gold and thereby upgrade and up-value their gold reserves, but also keep the dollar in check.”

With plenty of other investors buying gold too, many experts expect it to continue rising. Richard Russell, author of the Dow Theory newsletter, says in a commentary obtained by King World News that the precious metal may reach $6,000 an ounce.

Spot gold was at $1,407.40 an ounce near midday Thursday.

Banks practice fractional banking what's to stop the bank from lending your gold? or is the gold deposit "fully reserved"?

Not looking to invest because I already have stocks, unit trust and property.

Seeking to "protect and store" a small portion of wealth, preferably outside of the banking system.

Collecting as much paper money and hoping for the best is not always a guarantee, hence the search for a stable commodity to diversify.

This post has been edited by aaronpang: Mar 11 2011, 03:42 PM

no...what i mean is that wanting physical item.......you are more likely to lose the gold if you store it in your house and if thief/robber come for a visit

robber can rob the bank 10 times and your money is still intact......one visit from thief/robber all ur gold say byebye



to me property is the best thing........

This post has been edited by dr2k3: Mar 11 2011, 04:06 PM

go for these :
http://kfhonline.com.my/kfhmb/ep/kfhConten...contentId=11048

physical gold from Turkey.

Agreed there risk in everything that we do. Hence do homework before committing.

Old people hoarding money under the pillows or biscuit tins, are putting all their eggs in one basket.

Spreading risk is important, store in the bank, in stock, in property, in commodities like gold/silver, etc

What I'm looking for is a convenient and reliable of bullion if anyone has experience good and bad please share

Agreed one of my first purchase is property

---

Added on March 11, 2011, 5:55 pmThanks I've checked out KFH brochure at Pavillion.

One thing to note is the bullion is not typical 99.99% (Singa, Kijang, Maples, Nugget) but 99.95% purity.

This post has been edited by aaronpang: Mar 11 2011, 05:55 PM

Yes, it is.
And KFH spread quite high too.
I choose KFH because their gold from Turkey(stabil economy) and i find that KFH is most honest bank(from my research lah ).

1 thing for sure :
- Dont buy gold or silver from SDN.BHD. company.
Risky

This post has been edited by FrancescoTop8: Mar 11 2011, 07:45 PM

Gold prices drop quite a lot. a perfect time to buy

could drop somemore.... just curious.. why gold is dropping ?? shouldn't it be higher since got disaster and all and ppl parking their money in gold ?

sifus i read somewhere gold price will go down in april...is that right ?

if got disaster in other country ( maybe other than USA) , most ppl will buy USD . nowadays especially commodity price ( gold , oil ) is not as simple as a demand and supply to determine the price, it can be manipulated by wall street and so on...

This post has been edited by foofoosasa: Mar 17 2011, 04:12 PM

i just found out this thread over here. nice info. i go for maybank due to no other charges if compare to PB, but didn't knw other banks also got, i though only 2

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Added on March 17, 2011, 4:44 pmprice drop since early this week.
i think gold investments are for long terms. no point just wait to earn couple of bucks after several mths? i mean just last mth i bought at 137/g but when sell it'll be around 142?+ but only this mth buying already 142 and can sell only at 137.

This post has been edited by DM3: Mar 17 2011, 04:44 PM

Investor have to sell gold to cover up their loss in anything related to Japan.
Insurers also need to liquidity their gold fast to cover the expenses.

Anyhow, the gold price dropping in turbulent times (e.g; tsunami) are quite strange situation.

the price we're seeing is the spot price which is the futures market.

As long as there are more money on 1 side, you can push it up or down....

the recent Japanese problem caused people to liquidate their position in the futures market causing the price to get sudden drop, but it'll slowly climb back.

physical demand and spot price is totally different thing.