Buying Gold As Investment V2, 2011 Gold Rush From Oil Hype
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 Aug 16 2011, 08:54 PM
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#1
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Senior Member
3,037 posts Joined: Dec 2007 From: 6-feet under  
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hey guys i read about 13 pages of this thread but theres one thing i dont understand.
there are so many types of golds out there ( established companies selling gold like PG..physical gold from paper gold..). Can I just sell to any company or bank as long as the gold is pure like maybe, 99.99% ? does it matter what brand it is or where i got it from? |
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Aug 17 2011, 12:12 AM
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#2
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Senior Member
3,037 posts Joined: Dec 2007 From: 6-feet under
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so what is the best type of gold to be bought? one that is generally accepted and has the best resale value. Is there such a thing? Is it alright if I buy gold from overseas jewellery shops like Chow Tai Fook..etc?
Jewellery shops or banks better or reputable gold manufacturers the best? |
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Aug 17 2011, 01:51 AM
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#3
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Senior Member
3,037 posts Joined: Dec 2007 From: 6-feet under
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QUOTE(arrsoo @ Aug 17 2011, 01:15 AM) go for PAMP Suisse lor, small size like 10g, 20g, 50g, all certified. Keep the ori receipt, shud not be difficult to sell off in the market later on best is buy it from the authorized dealer that will buy back from you, just like what I did icic. thanks for the info   any authorised dealer in K.L.? |
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Aug 17 2011, 04:36 PM
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#4
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Senior Member
3,037 posts Joined: Dec 2007 From: 6-feet under
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i don't get it. Why PohKong/WahChan sell gold at RM201 per gram? Isn't the official price at RM180~ per gram?
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Aug 17 2011, 05:43 PM
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#5
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Senior Member
3,037 posts Joined: Dec 2007 From: 6-feet under
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QUOTE(arrsoo @ Aug 17 2011, 04:46 PM) They are governed by Federation of goldsmiths and jewellers association of malaysia FGJAM what about other gold brands like PAMP Suisse? Do they accept? Will they buy according to their daily set price? They hv to follow the market price set by the association but 1 thing good is the when you sell it back to them, they will buy back base on their daily set price So which type should I buy? the one that follows FGJAM or global price? |
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Aug 19 2011, 02:32 AM
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#6
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Senior Member
3,037 posts Joined: Dec 2007 From: 6-feet under
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QUOTE(Dackson @ Aug 19 2011, 01:10 AM) thx. One Troy Ounce and Ounce are two different measures. Troy Ounce ( approx. 31.3) is a standard measure for gold weight.oz to gram not 28.3495231 ? By the way, bank gold price showing live price in gold saving account ? How much will the bank charge if wanna withdraw gold bar ? CIMB charge RM1/g yet UOB didnt show. Any charge to open UOB gold saving account ? Added on August 19, 2011, 1:27 amhttp://edwinextremebullrun.blogspot.com/2011/08/buy-buy-gold.html how can hv the chart in for gold ? |
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Aug 19 2011, 10:51 AM
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#7
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Senior Member
3,037 posts Joined: Dec 2007 From: 6-feet under
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hmmm which do u think is better, open an UOB account and withdraw physical gold OR buy PAMP suisse directly from goldsmiths?
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Aug 21 2011, 01:14 AM
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#8
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Senior Member
3,037 posts Joined: Dec 2007 From: 6-feet under
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best investment is definitely properties...gold is to be kept for urgent usage
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Aug 21 2011, 11:05 AM
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#9
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Senior Member
3,037 posts Joined: Dec 2007 From: 6-feet under
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is now the wrong time to buy gold? will it be corrected soon? i plan to get some pamp suisse
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