Last I've checked, it was 20g initial investment. Lowest for now is Maybank. They've revised it to 1g after changing its name to MGIA.

This post has been edited by jian5481: Aug 11 2011, 04:11 PM

Well, not everyone can afford 20g initial investment. I wanted to buy from UOB too last year, but I was a fresh grad earning 1.8k per month. With the savings I had at that time, I could only afford 10g, slowly adding more as time goes by. I don't think anything smaller than 20g is pointless. Even with 1g, that's a start for those who earns little, yet planning for their future. But of course if I do have the money, I would buy as much as I can afford.

Well., I believe that CIMB and Maybank are using percentage to calculate their spread compared to UOB's fixed RM spread. That's why when the price of gold increases, the spread in term of RM also increases.

This post has been edited by jian5481: Aug 19 2011, 09:51 AM

As mentioned before, Maybank and CIMB are using percentage to calculate the spread. So it's obvious that the gap between selling and buying will be higher as the price increases. It's the same as goldsmiths. They use 6-8% spread for bullion, 20-25% for jewelries.

Well, for Maybank, they do revise it now and then. Few years back it was ±4% from spot price. Now I think it's ±2%.

2% as in selling at SPOT + (2% * SPOT) and buying at SPOT - (2% * SPOT). I could be wrong about the percentage though. Don't bother to calculate them anymore...

CIMB is fairly new. I think their GIA has not been around for even one year yet. But their spread in % looks slightly lower than Maybank.

If you're planning for long term, all that will be lost is just your opportunity cost.

This post has been edited by jian5481: Aug 22 2011, 04:57 PM

Yes, UOB least spread. And as far as I know, only PB can trade online. For the other banks, you have to do it over the counter.

This post has been edited by jian5481: Aug 26 2011, 11:43 AM