I don't want to open another account if I choose Public Gold / Kuwait / UOB so I want to choose between Maybank and CIMB, which one better you think ?

But I need to open Public Bank account right ? No ?

My friend just invest in sistem pajak gadai from Bank Rakyat

http://www.bankrakyat.com.my/arrahnu


Is it better option than CIMB and Maybank gold saving account ? What do you think ?

I don't know how but my friend make quite a lot of money from this system, almost 2k in 3 weeks....

Do you guys really think Gold price will going down sooner

Lol, I just make arrangement with some seller to buy 200 gram physical gold next week. It's cost more than 20k

Should I proceed ?

Something like that, we will go to the bank together to determine the gold price and whether he sell me pure 24k gold or not

not bank, individual. I don't know where he get it

This post has been edited by Sifha238: Apr 23 2011, 07:30 PM

I'll just pawn it at the bank, the bank will lelong if I didn't pay. They'll give me the extra money ( if got any ) after deduct my debt

ok, thanks

I only worry gold price start drop after I but it

Gold expert, all below is 999 gold 24k. But why sell on different price ??

100gram Pamp Suisse RM 15,581.49
100gram Lady Fortuna RM 15,734.52
100gram GCP RM 16,652.91
100gram Public Gold RM16,536.00

Gold expert, what do you think about my investment way

- I buy 100gram gold jewelery cost Rm 17 120 (999 / 24k)

- I go to Bank Rakyat to do PAWN BROKING ( http://www.bankrakyat.com.my/arrahnu )

- They give me 70% of the gold value = Rm 11 984 ( so technically I only pay Rm 5 136 for the 100gram gold )

- Next month that 100gram gold jewelery new valued is for example Rm 17 500 ( looking at gold price keep on increasing )

- I go and overlap my current debt - Rm 17 500 - Rm 17 120 = Rm 380

- I'll keep doing it every month and within 2 years I will get my Rm 5 136 back and after that it's all benefit


* The higher gold price increase, the more I get

Too bad Bank Rakyat only accept jewelery, I also prefer bars

You have 6 month time to overlap, I'm not sure but I never saw gold keep on going down in 6 month time

Someone teach me this technique " to help poor like me"

When you think about back off, just leave you gold without pay anything. Bank Rakyat will lelong your gold with 90% of the price (decrease 10%)

90% gold price - 70% debt = 20% profit

Win win win situation I think

lol, it's not loan la, it's pajak

I call Bank Rakyat tomolow, get back to you later

Buat cuak saya je abang ni After lelong and the debt settle, no problem

I think the "some loan" you mention is Personal loan, shouldn't be any problem with car or housing loan


Btw, I pajak 250 grams, my debt gold at Bank Rakyat now is Rm 43k

Why sell now when you can get 3 / 4 times the current price 8 years from now

Gold pirce keep on decreasing, I die liao

3 days streak gold price going down. Today going up a bit

Got a lot of dealer sell Public Gold at their FB account Some more with lower price because they are dealer