all other banks that offer gold account are NOT syariah compliance EXCEPT Kuwait Finance House

It's going to up more later by end of this year.

noobie here. anyone can teach me how to invest in GOLD? maybank can? usually will take how long to earn like 1k. i have 20k to spare..

Huh? When was that? Last I check it was hoovering at rm17x/gm..where did u get that number?

I believe she was quoting the FGJAM price for goldsmiths in Malaysia.

http://www.fgjam.org.my/

This post has been edited by jian5481: Nov 5 2011, 04:03 PM

dangg.... why use that price?

invest in gold is either for speculative or for long term. It cannot guarantee good returns tho as the price of gold is determined by market forces. You can start of with the opening of gold saving a/c which is available in MBB,PBB,CIMB,KFH,UOB and a few more. Just go to any of these banks to enquire and the gold price changes everyday and sometimes few times a day. the prices can be seen in their respective websites.

The good thing is that you need not carry physical gold if you buy/sell. However should you want to w/d in terms of physical gold you can also do so with certain minimum w/d for phisical gold.

So I cannot tell u how long to take to earn 1k. For me I invested abt RM4.5k and my unrealised profit now is abt RM700

mind sharing when did u start investing the gold acc

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Added on November 5, 2011, 4:38 pmi think u invested when the price is around RM15x during jun or earlier i suppose ^^ haha....

This post has been edited by mingophoria: Nov 5 2011, 04:38 PM

i bought 2 days before deepavali... if i want to buy again now, i need extra 10 for each gram... fuuuu... like shiat...

i ony own 10g... =[

Which website do u guys refer to for gold price updates? Numerical or graphs

usually check at this site...www.nubex.com.my

Hi guys i need some advice...am nee to the gold investig scene.
Just opened a pbb gold account n now planning to buy some physical gold.
Is it safe buying frm www.nubex.com? Plan to buy 20g perth mint gold bar. Another question is which is better to buy? 4 5g bar/ 2 10g bar or 1 20g bar. Or would u guys suggest buying a different gold bar all togather like the pamp.
Thanx. Hope to have many a lively discussion here

every purchase got their spread.so, if u buy 20g bar at 1 piece meaning u just spent your money at 1 spread.if u buy 2 10g or 4 5g meaning u spent more money on the spread.

every piece got their spread.if u buy 20g 1 piece, u just spent 1 amount of the spread.

I put Kijang Coin as an example

1 oz = the spread is rm200+

1/4 oz = the spread is 100+

So, u can calculate the spread if u buy 4 1/4oz coins

Hehe true true. Thanx for the heads up. Any1 buy frm nubex.com before? Or can suggest an alternate site where i can buy online in malaysia? Not very convinient for me to go personally to buy cos of work

Atm, i just buy Kijang Emas sold by Maybank.never bought other brand i.e kelantan dirham, nubex etc...

Oh ic. Kijang....normally they have ready stock or u have to order 1st? Can u lock in the price even if they dont have ready stock? I plan to buy eirher in alor setar or perlis...so far far away frm kijang home in Kl.

bought 200gram (100 gram on sept and another 100 gram on oct ), heart pain when paying it, but it was great when i putting it on the palm

1.00 USD = 3.11150 MYR

Gold price now USD177x/1oz nice, hope USD up more so can sell higher tomorrow.

This post has been edited by buysell: Nov 7 2011, 12:34 PM

Very nice signature. Keep it up!

bro, if USD up more, chances are, your Gold will drop. The reason today you are witnessing USD up, Gold up is bcoz Gold accelerates faster than dollar. Most often than not, it doesnt happen that way coz they are both negatively correlated... XAU/USD... fundamentals of trading.