easy to say, difficult to practice... if it is easy, I'm sure no looser...

Anyone bought from KFH before?

Hi there. I'd bought from KFH a few grams

Hi all,

I need some suggestions from u guys here. I have about 4k in hand, and thinking to invest in gold. I've opened GIA with maybank previously and now thinking to topup but..after read about physical gold, quite interested.

1) Should i continue invest in paper or move to physical gold?
2) Should i dump all the money or invest bit by bit?
3) Which one is more worth & effective ?
4) How to make money from ar-rahnu bank rakyat? Buy physical gold n pawn there? and the money i borrow i topup another gold?

I'm very at new at this gold investment, i don't have any idea how to start.

This post has been edited by neo_87: Oct 4 2011, 12:33 PM

hi there remember me?

1) physical gold is more visible but u need to consider the safety place to keep it.. paper gold u can sell anytime if u think is time or when u need it.. physical gold may sell to bank / other individual as well provided u keep the receipt or proof of purchase
2) is the RM4k is extra money? gold is quite a long term investment if u think the rate now not cheap enough then u may wait it drop or buy it lil by lil? or if u think it is good enough to enter then go for it...^^
3) depends if u just want a physical (touchable gold) then go for physical gold. actually both are quite similiar (to me la) coz i treat gold as long term investment
4) not sure.. coz i only have Public Bank Gold Investment Account & UOB Gold Investment Account

if you're a muslim, then only open with KFH, others non-syariah compliance. remember it's up to you to follow.

ar-rahnu game you need to know the whole picture, need to attend seminar if possible so you can understand why people do it. it's not a one day know all deal.

wanna ask guys. if i buy pamp bars in sg with gst. can i bring them into msia? or do i have to pay custom tax?

UOB minimum 20gm open, hold 0gm also can la. The bank only charge you RM2 per month if holding less than 10gm. Buy/sell in 5gm volume.

http://www1.uob.com.my/assets/pdf/business...e_Sheet_GSA.pdf

Do you travel by road back to JB?
And the quantity you're going to purchase?

If it's in small volume, I think you can just insert the gold inside the pocket and drive back by car to JB.

take bus bro... not driving. small quantity. maybe just few coins. or few bars.

1.00 USD = 3.20100 MYR

GOLD now move slowly but steady goes up to USD167x/1oz look healthy.

This post has been edited by buysell: Oct 4 2011, 02:33 PM

Some China website predict gold will rise up to USD1800 before the next correction coming. Plan to sell all if really hit 1800

If 1900 I sell or else don't want to sell, I am a long term si-fat-kwai!

Hi neo_87,
4. Do NOT use this approach unless the money u borrow will work hard for u and generate enough profit at least to break even with the safekeeping fee.
Take note the safekeeping fee is quite high (~8% per year.) You may end up forcing yourself to sell your gold at a loss. I highly discourage particularly for a long term investment.

hth.

Hi joey, i do remember u, of cos! Hehe we meet again

1) Yeap physical gold need to consider safety place to keep..otherwise chances to lost very high.
2) Yup 4k is an extra money, but to wait until the price drop, its like waiting forever right? I was thinking how to make more money, at least 20-30% profit rather than just keep in savings acc. And end up, i'm gonna use the money.
3) Is there any scheme that when we buy physical gold, we can gain interest on top of that? Is it scam/hoax?

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Added on October 4, 2011, 3:34 pmThanks goldironman for enlighten me this info.

This post has been edited by neo_87: Oct 4 2011, 03:34 PM

Then no problem. You're safe.

must i declare in custom? or will they even check my backpack? if it is scan... then they will stop or just let me go?

No need. Just keep it in your wallet.
If they ask, just tell them you've been keeping this coins in your wallet for many years.
They can't "bite" you.

P/S
If you worry, I'd suggest you get someone to send you to S'pore by car.
You can easily skip the custom inspection travelling in car.

This post has been edited by ALeUNe: Oct 4 2011, 03:56 PM

gold coins and bars are tax free.
no need to declare or tell anyone that u have them with u.

cool...gold is free then. lol wat bout silver coins or bars? hahahaha