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 Buying Gold As Investment V3 - $1950?, Gold rush brings windfalls and warnings

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mrsmytb
post Aug 27 2011, 08:27 PM

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For Beginner.

Spread Analysis - Paper Gold and Physical Gold.

user posted image

Note:
Spread - The lowest, the better.
KFH is 995. Others 999.

PB GIA - Public Bank Gold Investment Account
MBB GIA - Maybank Gold Investment Account
UOB GSA - United Overseas Bank Gold Savings Account
KFH GIA - Kuwait Finance House Gold Investment Account
CIMB GDA - CIMB Gold Deposit Account
PG 20g - Public Gold 20gram
PG 50g - Public Gold 50gram
KEmas - Maybank Kijang Emas 1 oz
AusNuG - UOB Australian Nugget 1 oz
GML - UOB Canadian Gold Maple Leaf 1 oz
SLion - UOB Singapore Lion 1 oz
PAMP - UOB PAMP 1 oz
KineBar - UOB Kinebar 1 oz


This post has been edited by mrsmytb: Aug 27 2011, 09:57 PM
lustman
post Aug 27 2011, 08:52 PM

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QUOTE(mrsmytb @ Aug 27 2011, 08:27 PM)

KFH is 995. Others 999.

*
995 and 999 not much different unless 916. it's $2-$3 cheaper. 995 and 999 are in the same weight category.

SUSMNet
post Aug 27 2011, 09:01 PM

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why no use online?

http://fxtrade.oanda.com/trade-forex/fxtrade/gold
DM3
post Aug 27 2011, 09:03 PM

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QUOTE(mrsmytb @ Aug 27 2011, 08:27 PM)
For Beginner.

Spread Analysis - Paper Gold and Physical Gold.

user posted image

Note:
Spread - The lowest, the better.
KFH is 995. Others 999.
*
thanks for the useful info. if we show it to MBB maybe they'll revised it for competition purpose tongue.gif
SUSsoundsyst64
post Aug 27 2011, 09:04 PM

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even though uob spread is lower, but the requirements to open the acct is quite high, which is not suitable for low budgeter.
spikyz
post Aug 27 2011, 09:29 PM

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QUOTE(mrsmytb @ Aug 27 2011, 08:27 PM)
For Beginner.

Spread Analysis - Paper Gold and Physical Gold.

user posted image

Note:
Spread - The lowest, the better.
KFH is 995. Others 999.
*
thanks for this picture brp, is this taken from net or its belong to u? good info, i hope i can see the update version everyday
mrsmytb
post Aug 27 2011, 09:58 PM

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QUOTE(lustman @ Aug 27 2011, 08:52 PM)
995 and 999 not much different unless 916. it's $2-$3 cheaper. 995 and 999 are in the same weight category.
*
My main point is Spread. Not the purity. biggrin.gif


Added on August 27, 2011, 10:02 pm
QUOTE(soundsyst64 @ Aug 27 2011, 09:04 PM)
even though uob spread is lower, but the requirements to open the acct is quite high, which is not suitable for low budgeter.
*
it's your choice my friend. Every gold account/ gold physical has their own advantages/disadvantages. tongue.gif


Added on August 27, 2011, 10:04 pm
QUOTE(spikyz @ Aug 27 2011, 09:29 PM)
thanks for this picture brp, is this taken from net or its belong to u? good info, i hope i can see the update version everyday
*
this data belongs to me, but i want to share with everybody.. hehe..

This post has been edited by mrsmytb: Aug 27 2011, 10:04 PM
BATMAN99
post Aug 27 2011, 10:30 PM

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How come the price stopped at $USD 1827.36 since afternoon until now? hmm.gif
Alexdino
post Aug 27 2011, 10:51 PM

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QUOTE(BATMAN99 @ Aug 27 2011, 10:30 PM)
How come the price stopped at $USD 1827.36 since afternoon until now?  hmm.gif
*
market closed.. tongue.gif
TSaeronic
post Aug 27 2011, 10:57 PM

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QUOTE(zenix @ Aug 27 2011, 02:51 AM)
does this thread have a FB group?
more ez to keep track smile.gif
*
this is a classic/typical LYN topic/interest group, it does not have/need an FB group
there are tons of gold user groups on FB and elsewhere some of which are luring you into joining their own scheme
you can check those out

QUOTE(spikyz @ Aug 27 2011, 06:00 AM)
TS could u provide the type of paper gold as well. pro n cons and updates on spread. for example, public bank can do online, uob lower spread, KFH can get physical gold on the spot

and do provide d pictures for physical gold as well, such as pamp suisse, kinebar, maple, kijang emas and etc,
*
there are very extensive discussions on it already, please read V2 properly.
one example is the post below, lustman has replied to you to share some stuff
so unless someone can come up with a summary, there is no summary tongue.gif

QUOTE(lustman @ Aug 27 2011, 06:53 AM)
I'd like to share with everyone here on KFH as I've done it last week. I believe others can shed some light on the rest of the issues mentioned.

you cannot just go to KFH counter and buy physical gold. you can only withdraw in gold or cash.

so b4 you can withdraw, you need to have an account first, i.e opening a new gold account. then buy the amount that you desire, lowest being the minumum set by KFH.

let say you buy 20g at bank sell rate. then a few days later you want to sell 10g back to KFH and get physical gold.

so, KFH will withdraw from you gold account and give you the physical gold. the best part is, there's no rate involve at all. later they'll issue you a new certificate showing the balance, i.e. 10g.

that's it. bring the gold bars home and play with them.  rclxm9.gif

the waiting part is the turn off.  doh.gif

btw, as i know, they have 1/5/10g bar. sorry no pisc as i've to snap them first and upload. this may take some time. if you're in a hurry. google image give faster result.  thumbup.gif
*
QUOTE(trencher10 @ Aug 27 2011, 09:46 AM)
If gold prices still shoots up after Raya, all bets on correction to moving average line in few months are off.
*
mind posting your chart you drafted here?

QUOTE(joey85 @ Aug 27 2011, 11:39 AM)
happy.gif gold price up again.. happy to see that but didnt top up last 2 days... hmm.gif
*
top up? what do you use? public or maybank GIA or something else?

QUOTE(getsmart @ Aug 27 2011, 01:27 PM)
Glad i found this thread, now only i know Public Bank has online transaction for gold.
Gold price is getting to expensive for me.
Hope they allow minimum purchase of 1g instead of 5g.
But i don't want to go queue up at a bank every month so online transaction is better for people who wants to make frequent purchase in small amount.
*
yeah at the moment only public bank allows you to do it online


Added on August 27, 2011, 11:00 pm
QUOTE(mrsmytb @ Aug 27 2011, 08:27 PM)
For Beginner.
» Click to show Spoiler - click again to hide... «
nice i have quoted and added your post on the first post


Added on August 27, 2011, 11:03 pm
QUOTE(BATMAN99 @ Aug 27 2011, 10:30 PM)
How come the price stopped at $USD 1827.36 since afternoon until now?  hmm.gif
*
which index are you looking ?
all of the gold exchanges are closed lah today

This post has been edited by aeronic: Aug 27 2011, 11:03 PM
BATMAN99
post Aug 27 2011, 11:28 PM

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QUOTE
which index are you looking ?
all of the gold exchanges are closed lah today


Hmm so according to kitco.com, the market is opening up again in 45 hours of time?

Usually how long it closes everytime it does? Is there a fixed time when gold market closes?
quackpack
post Aug 28 2011, 12:09 AM

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QUOTE(BATMAN99 @ Aug 27 2011, 11:28 PM)
Hmm so according to kitco.com, the market is opening up again in 45 hours of time?

Usually how long it closes everytime it does? Is there a fixed time when gold market closes?
*
gold don't work on saturday and sunday too tongue.gif
kobe8byrant
post Aug 28 2011, 12:12 AM

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Will we be able to buy/sell online on Raya?
spikyz
post Aug 28 2011, 01:05 AM

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any comment on the difference between 999 and 995? i heard during the old time, 995 is the standard, nowdays thanks to technology, they can achieve 999 standard.

other than that? what is the difference? price wise, 995 is slightly cheaper?
mbj78
post Aug 28 2011, 01:19 AM

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Why not focusing on kijang Emas, we can put it at Arrahnu and gain some cash. Then buy new Kijang Emas again... http://t.co/q7VE3Tr
khun_khun
post Aug 28 2011, 03:11 AM

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who are selling Perth mint 5gram which at reverse side got Orianna pattern?

im looking for kangarooo pattern.
lustman
post Aug 28 2011, 05:48 AM

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QUOTE(mbj78 @ Aug 28 2011, 01:19 AM)
Why not focusing on kijang Emas, we can put it at Arrahnu and gain some cash. Then buy new Kijang Emas again... http://t.co/q7VE3Tr
*
not easy to get kijang emas and the premium is slightly higher. better australian nuggets - cheaper and easier.


Added on August 28, 2011, 5:50 am
QUOTE(spikyz @ Aug 28 2011, 01:05 AM)
any comment on the difference between 999 and 995? i heard during the old time, 995 is the standard, nowdays thanks to technology, they can achieve 999 standard.

other than that? what is the difference? price wise, 995 is slightly cheaper?
*
honestly, no difference excepts and price and purity.





This post has been edited by lustman: Aug 28 2011, 05:50 AM
redjinx
post Aug 28 2011, 09:11 AM

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Hi,

Just curious.

Let say, if want to sell gold we have here at others country.

Do they accept public gold ? How to know ?

Example :

1) Your gold selling price is above than bought price.
1) Bring 50gm gold to Japan and convert it to Japan Yen.
2) Come back to Malaysia and convert to RM

-Reason is to get more yield from currency conversion-

Above is for example only, still dont know which currency hv more yield from each other


eXTaTine
post Aug 28 2011, 10:25 AM

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The lowest spread for Gold investment account is actually at UOB singapore, negligible spread, but with maintainance fee or 0.25% per annum


Added on August 28, 2011, 10:54 amYou'll have to make a trip down south but it's worth it if you have enough capital to invest

This post has been edited by eXTaTine: Aug 28 2011, 10:54 AM
kevyeoh
post Aug 28 2011, 11:55 AM

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Sh@t... Public bank really charges too much for the spread... If not becoz of the online convenience... I would not have bought from public...

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