QUOTE(joey85 @ Oct 4 2011, 12:41 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
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?
Added on October 4, 2011, 3:34 pmQUOTE(goldironman @ Oct 4 2011, 02:46 PM)
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.
Thanks goldironman for enlighten me this info.
This post has been edited by neo_87: Oct 4 2011, 03:34 PM 
Oct 4 2011, 12:32 PM
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