u mean u guys actually queue up at the banks to buy/sell gold ah? oh man!! Have u all calculate the productive time spent, petrol, parking, stress & most off all, cost of funds .....

and i believe not everybody wld dump RM20K into gold jst to earn that RM500

lastly, isnt RM7 /gm spread too expensive? I pay only USD0.50 spread to buy 1oz of gold... if I may calculate :

RM7 / 3 = USD2.33
USD2.33 x 28gm = USD65/oz

imagine i pay only USD0.50/oz (the banks too) and u guys pay USD65 spread...The banks wld laugh when u buy gold from them!!

Lastly, there is such a thing called leverage... to buy 1oz of gold, i dont need USD1740 ... only USD4 margin is needed....
....... trade smart.... invest smart.... dont let the banks laugh

@ bigwolf : do u have more detail of this Genneva? Lets share..thanks

This is about Gold Buyers - Malaysia.

Saw their shop in the mall.

Anybody knows if their rates are any good or have any experience with them?

This is the internatonal site

what is their rate? share2 lah. How many % over spot?

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Added on November 11, 2011, 10:09 pm
if price is so low there is an opportunities to do something on it