For the statistical fellows here, historical data / prices can be found here
http://www.gold.org/investment/statistics/prices/

My personal findings with Gold in M'sia - please do correct me if i'm mistaken. These info were gathered last year
Gold A/C (not physical)
PBank - the LOWEST (ignoring UOB) spread 4.03%-ish
Min: 20gm start, then 5gm, + x *1gm
Charges: Gold quantity balance of less than 10 grams as at 31 December each year, charged RM10
Requirements: Customer is required to maintain either a savings account or current account prior to opening a GIA to facilitate the debiting of service fee, if any.
Online: Can transact AFTER initial opening

UOB Normal -1.45% spread
Min: 20gm start, then 5gm, + x *1gm
Charges: An administrative fee of RM2.00 will be charged per month if the balance of the account falls below 10gm at month end.
Requirements: Prior to opening a Gold Investment Account, the investor is required to maintain either a savings account or current account in RM to facilitate the transaction, administrative fees or and other charges.
Online: Didn't ask coz EACH BRANCH has different allocation of "gold" according to UOB. Gotta go to another branch if the one U are at "ran out". Kinda not smart IMHO

UOB Premier - 0.72% spread
Min: 1kg
Charges: An administrative fee of RM2.00 will be charged per month if the balance of the account falls below 10gm at month end.
Requirements: Prior to opening a Gold Investment Account, the investor is required to maintain either a savings account or current account in RM to facilitate the transaction, administrative fees or and other charges.
Online: Didn't ask coz EACH BRANCH has different allocation of "gold" according to UOB. Gotta go to another branch if the one U are at "ran out". Kinda not smart IMHO

MBB - 4.46% spread
Min: 5gm, then 5gm + x *1gm
Charges: No ANNUAL FEES, only charge of conversion from Book A/C to PHYSICAL GOLD IF NEEDED
Requirements: Prior to opening a Gold Investment Account, the investor is required to maintain either a savings account or current account in RM to facilitate the transaction, administrative fees or and other charges.
Online: No

MBB PHYSICAL GOLD (KIJANG)
31.105 gm / 1 troy ounce, Spread 4.10%
15.550 gm / 0.5 troy ounce, Spread 6.02%
7.780 gm / 0.25 troy ounce, Spread 8.02%

Worse than not investing - It's similar to main tikam / gambling

Bro - i think the 4% if for your FD with CIMB, if U start a Gold a/c with them. FD must be <= Gold a/c amount and it's only 4%pa for 3 months

BTW, CIMB's gold a/c spread is 2.801%. Wah - lower than PBank's gold a/c but dunno if as "weird" as UOB's (need to check each individual branch)

This post has been edited by wongmunkeong: May 24 2011, 02:07 PM

Guys, just to clarify. That video of gold & silver (well mostly pushing silver) by Mike Maloney. It seems to be year 2009 when he made that "movie" - he mentioned "...gold is now about USD1,000 per ounce" and based on historical monthly average prices, that was in Oct/Nov 2009 (http://www.gold.org/investment/statistics/prices/).

2009 till now gold & silver, especially silver had a huge spike and dropped recently last month (see the 34 yrs silver chart http://silverprice.org/silver-price-history.html), have ALREADY risen spectacularly.


personal view only - not agreeing / disagreeing with anyone:
How much more can / will it go before... kablooey? rhetorical Q.
Just that based on the 34 yrs silver chart, look at the 1981+/-, spike and then free fall - scary to put like $30K to $50K into metals leh.

If looking at it as "catastrophe hedge" to use as $ when paper goes valueless, i think i'd rather spend $30K to $50K stocking up on food, water, medical and weapons - perhaps only like $10K in several small gold / silver bars just in case people start bartering for metals instead of necessities. Perhaps i'm not a multi-millionaire, thus, no use to "lock in monetary value" yet

Whoa - anti hoarding laws? Hhehe - i'm "hoarding" oats, milk powder, brown rice, packed sardines & meat, dry noodles & bihun, etc. Well, in reality not hoarding per se - just bulk purchase and eat/draw down per month or two and refill . No "controlled price items" in my hoard leh - should be ok with Govt right?

On a serious note though, what are M'sia's anti-hoarding laws? Also have anti-profiteering right? My apologies to all if this is getting too off-tangent.

Sh.. told U i'm not hoarding lor. Just buying in advance bulk and using down every month or two lor . Anyways, googled anti-hoarding laws in M'sia - mostly deals with price controlled items + aimed at retailer-sized hoarding. Mine's for "family's survival"-sized only, i hope ok gua

BTW, no farm lar - keep paddy seeds or whatever seeds also useless + them brown rice are vacuumed packed, no issue with weevils and stuff popping up 6 months+ down the road

This post has been edited by wongmunkeong: May 25 2011, 10:35 AM

Fellow investors, just thought U'd be interested in this article on gold:

http://www.getrichslowly.org/blog/2011/05/...esting-in-gold/

Like CEO of Enron & WorldCom screaming good news and stuff?

That may require a conscience + proving things statistically & numerically mar. Not many sales people have/can do both SIMULTANEOUSLY
At least some dont use 2 log-ons to chat and make it sound as though "it's a sure thing!". Smarter & more conniving ones use 2 PCs, 1 on Streamyx + 1 Digi/another ISP to simultaneously, to "chat things up" in some other forums i've seen.

This post has been edited by wongmunkeong: Jun 5 2011, 05:45 PM

Agreed Bro, about China but it may have been taken out of context

http://www.marketwatch.com/story/chinas-go...r-right-reasons

The main thing is balance / several baskets (of Asset Categories) i think, perhaps i read it wrong
"
.....
But governments don't want to lose control of the printing press and don't want a gold standard either, said VRTrader.com's Leibovit. That is, "unless a plan is underway to peg gold to their currency at a substantially higher price, which would create a huge asset that would act as a counterbalance to their huge national debt," he said.

Still, it's possible that gold can return to a monetary role of backing up the value of currencies. "The implications for gold returning to a monetary role are tremendous and gold-price positive," said Phillips.

Really, "there is no alternative, but the question is when," said Leibovit. "Another financial shock could do it, causing distrust of any paper investment."

But Jon Nadler, a senior analyst at Kitco Bullion Dealers, points out that all of the world's above-ground gold amounts to around 0.6% of total global wealth, so even if gold were at $10,000 per ounce, the metal would only amount to 6% of total global wealth.

"That does not begin to make for a panacea for what ails the world," he said.

Even so, an important country such as China should continue to seek to diversify its massive holdings, and so should the average investor, he said.

Just don't diversify with the "disingenuous idea" that this is a "sign of [a] fuse being lit under gold," Nadler said. "It's just insurance being bought .... A little bit at a time."
...
"

In addition, OF COURSE RM10K now isnt RM10K purchasing power in 5 years down the road. Inflation mar .

Oops - missed this out - not just gold but China's chasing a truck load of commodities AND commodity producing companies (think STOCKs and mutual funds buying these stocks ) too http://www.asiaone.com/Business/News/Story...503-276935.html

This post has been edited by wongmunkeong: Jun 5 2011, 06:49 PM