Up to you. Sometimes convenience factors (branch near you, less queues, easy parking) overcome minor differences in spread. And if you are buying a lot, around 300g and above, you can nego the rate.

one day it will be revised with a difference of more than RM2/gram 

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Added on August 9, 2011, 1:46 pm
if U stay near UOB branch then switch lah, no need to think already.

My friend, if you got physical (coin or bar), the shiny reflection will go deep into your heart.......
Don't believe me? Buy some at GoldChan and try it by yourself.

I would go for OUB due to 3 reason.
(1) Cheaper  - Poh Kong sell at RM190/gm for 999 on last Sunday
(2) Lower spread - UOB less than 4%. Poh Kong is 11%
(3) International gold coin - UOB = Australian & Canada while Poh Kong issuing Bunga Raya

However, Poh Kong have 1 major advantage. 12 mths free interest instalment plan. Should worth 6%.

hidden charges? just that opening account requires 20GM, higher than PBB / MBB.

also, the product is still new for UOB msia , not 1yr yet if not mistaken.

Of course you need to do your own research. I didnt mean dont analise. Just look at some of the comments here. These are not ppl who are analysing. These are doubters. These are ppl who are waiting for all the indicators to look perfectly good before moving into it. Yes i too analysed but i surely didnt spend a few years doing that. Sometimes we wait too long for the perfect chance and when it comes, we end up waiting for something even better.

Many of those who said that buying at 131.55 at that point in time was a mistake are also those who are saying that 172.34 today is also too high. Believe me, they will also say the same thing when the price hits RM 180 and above. In the end, they just wont buy but they will continue 'analysing' repeatedly.

Ppl must realise that gold investment is highly volotile. There is no such thing as a perfect time. You may get a better time than others but there's a certain element of luck involved. When i bought mine in May last year, the following week it dropped to below RM 130 so yes that was a better time but the only thing that means is less income compared to those who bought at the later price. But what 'irritates' me are ppl who continue to doubt and dont bother investing and then as the price goes up they keep saying its too high. 

I do got price at 148 and 152 for GIA Maybank. When i want to increase my savings last week.. the price already shoot up to RM172.

p/s : I have already grab the opportunities, how about you... don't just ask...ask...ask... But no action???

go to jewellery shop and buys lots and wear them on your body

Actually I didn't understand what PBB meant by discounted gold purchases and sales. They talking bout their physical gold charges right, not their pasbok gold spot rates?

jus open today at UOB 20g

so once i open the account, need min 20g. I heard public allow open the account 1st without buying the gold

public bank gold raise from 170.2 to 180.4 in 1 week..but u need 2 c the buying price. even if the gain is rm10, but u only earn rm3.2 due to spread..but still congrats!! good earning nontheless!

Bought a few mini lots of Gold/USD 2 days ago, just closed my position for a good profit. Waiting for a nice retrace before longing again.

I have a forex account with IBFX Australia and they just recently added Gold/USD and Silver/USD to the pairs we can trade. Gold/USD is now at 1840 and is probably seeing 2000 very soon. Waiting for probably bad US news or a good retracement before longing again.

Yeah I do trade Forex primarily. So, I'm considered fairly new to XAUUSD. IBFX Australia is good so far, but they are definitely a nono for news trading as they do slip you a lot, even off their servers during news. But apart from this, everything is good. I forgot their minimum deposit, go check their website.

They are also quite efficient, wiring them money takes less than a day to fund your account but I have yet to withdraw my profits as I just started using IBFX in March. My previous broker is FXOpen. =)

You should head over to http://www.forexfactory.com/ and check out the forums there. I learnt most of my stuff from www.babypips.com when I started 2 years+ ago!

I think it is ok to open an account just to trade gold. Why not? As it is much more convenient and everything is at your fingertips. You can then start exploring into Forex as well. 

News trading is basically trading the spike of a currency pair the moment a news for that country comes out. Risky, but very profitable if done properly.

anyone bought 1g/5g/10g gold wafer/bar e.g. pamp, perth mint, bunga raya, etc, recently? bought other than gold shops?

Is it too late to buy now? either from maybank or Public bank?