Aiya dont buy from Poh Kong la.

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Added on September 4, 2011, 1:02 amYou should have stayed there LOL. I prefer to see handsomebois

This post has been edited by monsta2011: Sep 4 2011, 01:09 AM

Me ugly wolf. You'd run & cry for mummy if you see me

Ya, don't buy from Poh Kong. Buy from UOB better:

http://www1.uob.com.my/personal/useful/price_rates.html

It's only about RM183 per gm (1oz rounds). You can also see their buy/sell difference is only about 3.25%

anyone here currently doing ar-rahnu technique for you physical gold?

if yes, please share.

hi lustman,

i did it last year and did it last month and did it again last week. now hunting for more ozzies nuggets to pile up.

what are you looking to know about it? still a beginner though. bottom line is , as long the gold price raised rm1/gm per month. u breakeven.

i did it last month....made a bit for duit raya...
btw, afaik, arrahnu dont accept bullion and bar...only gold jewellery, correct me if i'm wrong

if it's not too much trouble, can you please PM me your contact.

tq very much

hi guys..
i just started to read bout gold investment these last few days..
from what i understand, investing in bank gold account is not preferable unless the bank is backed up by physical gold.
so it is better to buy physical gold.. am i correct?
the question is, is it really safe to buy physical gold from company like public gold? is it true that we can only sell back the gold to where we bought them?
and we cant do like buy gold from public gold and then keep it in a bank if we dont want to keep them ourself?

haha, y gold discussion become lenglui bankers dy~

btw, if i were to open a Gold Investment Account with UOB, where can i check the current prices if i want to sell the gold?
is it depends on the bank selling and buying rate?

This post has been edited by littleprawn: Sep 4 2011, 10:43 AM

@geniousboy

Generally speaking, paper gold is not advisable if you plan to keep long term. I'd say they are more for speculating. But 1 thing good about paper gold is you dont have to risk theft & robbery like physical gold.

I haven't bought from public gold so i can't comment about them. but gold is gold. you can sell any gold in goldsmith shops (wah chan, poh kong, etc) although the buy back price might be very much lower. the point is, if its an emergency, its easy to liquidate your physical gold.

as for keeping physical gold in banks, thats what safe deposit boxes (sdb) are for wat

@littleprawn

you can check for uob price here:

http://www1.uob.com.my/personal/useful/price_rates.html

for GIA prices check under Gold Investment Accounts Prices

@bigwolf, thanks~ i already checked there just now~
rm2 difference is really an advantage over other bank

btw, uob withdrawal of physical gold is subject to bank's decision?

@littleprawn

if you're loaded, use the premier gold account la. RM1 difference only wat

i checked with their staff before. they said something like better to sell n get back the money then use the money to buy physical. if u really want to convert gia to physical, you have to pay the difference plus another RM150 conversion charges.

i not loaded and premier really expensive ler~
conversion also need rm150~ so high oh~
btw, thanks so much for your info~

On 22 August only 169. I really did not feel its a good time to buy at such high rates. Correct me if I am wrong. Lets see what happen on Monday.

on january 2011 only rm 133/g

hallo, how can compare like that lar. might as well say january 2001 only rm35/g

Hi Lustman,

I did the Arrahnu with my Kijang Emas 1/2 Oz. You can read my posting HERE

After getting the money from Arrahnu, I bought the 1/4 Oz as below photo.



This post has been edited by mbj78: Sep 4 2011, 02:14 PM

ar-rahnu agrobank - only jewellery stuff
ar-rahnu b.rakyat - jewellery and coins - kijang emas, ozzie nuggets and maple from UOB only. you must have the receipt/cert.

be careful though on maple as some UOB cashier said, they won't buyback if already open the softcase, but another one said, can sellback as long no weight loss due to scratch and no dent.

lustman,
pm-ed

Arrahnu XChange in Bangsar baru is the best in term of :

i) Service
- used bare hand rather than steel to count gold weigh & purity.
ii) Location
- 2-3 lots from Maybank Bangsar Baru(House of Kijang Emas).

thank you mbj78, keii-kun dan Francesco Top8 for sharing.

Did you all attend any seminar b4? if yes, which one/s?

as a newbie, i'm attending 2 weeks from now organised by a rempit group.

basicly I only know simple techniques which are straight forward. actually i'm just curious to know how other techniques work.

i disagree with some people taking advantage by charging thousands RM just to learn a few techniques. I inquired once for personal coaching is 2K.

just to test one simple method, next week i may want to go to bank rakyat and ar-rahnu a gold bracelet. then with the cash i'll just top up into my gold account and wait till end of the year (around 4 months).

we'll see what happens by then

This post has been edited by lustman: Sep 4 2011, 06:46 PM

If wanna go for ar-rahnu, buy used 916 jewellery coz price is cheaper than ar-rahnu rate..
U may take a look here for used jewellery..

http://www.pelaburan-emas.com/rantai-tangan/jewellery-916