hmm...anyone investing in UOB's gold savings account?

I called the customer care, and was told that if I open my account in the Taipan branch, I can still conduct my transactions in any other branches in malaysia. Not necessary to go back to the exact same branch where I opened the account.

However, when I visited a branch in Penang last month, I was told that if I open an account at branch A, I will always need to go back to branch A to conduct future transactions.

Who is right?

hello guys,

just a noob about the investment in gold/silver.

Hope to learn alot from here.

thx for all the guidance from here onwards. look forward to it.

dear all gurus here,

i bought 10g of pamp gold for RM1835 on 7th Feb,20g for RM3614 on 8th Feb,is it expensive?

I bought from jewel shop,coz uob here din't have the gold bar.Just wanna know did i bought it at a high price?

jewel shop? is it jewellery or gold bar?
any way , i saw habib jewel gold bar with dragon design , anyone buy that ? Public bank also making offer now, wonder if i should buy from habib or public bank..?

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Added on February 9, 2012, 3:03 pmmay i ask where did u bought your gold?

This post has been edited by hackwire: Feb 9 2012, 03:03 PM

i bought it from jewellery shop in kuantan,it is pamp gold bar.where d you from?

Are you saying Public bank is selling Pamp Dragon gold bars?

from KL, may i ask how do u tell a gold bar that u buy is pure gold bar? i came to know a shop that says u can't tell whether the gold is real or not. u need to do some chemical test and magnet could be use to detect any iron metal as well . they advise not to buy from jewel shop because got mix with copper.

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Added on February 9, 2012, 3:34 pmhabib jewel . they have a booth in KLCC now. the purity of the gold is 999.9
i wonder how much will it cost. can u go to it's website and download the pdf file to take a look now. it's very nice .
public bank has promotion for their gold bar account as well but not dragon design kot.

This post has been edited by hackwire: Feb 9 2012, 03:34 PM

If habib is selling, will not be cheap..............jeweller's price

so jewellers price is not following the market rate ??
check out this Public bank promotion , 200gm gold to get 1gm gold.. wonder what is the fineness of the gold, y they did not disclose it out but the poster show the gold bar fineness is 999.9

No. They will use jewellers rate which is higher than spot rates....something like 15 to 10% higher

You are buying using the GSA, which essentially is your UOb account anyway. i don't see why you can't buy it at any other UOB branches as long as you have your bank account with you.

ok thanks.. wat do u suggest if buying gold base on spot rates, do i go to banks like UOB to get them or any other banks like maybank?? i don't think i trust jewelers on gold now after i heard stories of mixing gold with other materials . better for me to seek the right instituition since in the thread already have an article of counterfeit gold distributed from china and even dealers cannot detect.

Do we need to open a UOB Savings Account before we can open Gold Savings Account with UOB ?

That means if i open a Maybank gold investment account, buying and selling have to go to the maybank lor? and what is the transaction spread of maybank? I'm thinking to try to invest in gold @@

its a pamp gold bar with cert no and original plastic casing.do they mix it?

if u read the earliest thread, adviser told to get gold from US instituition due to the fact that many China dealers are counterfeiting the real gold which is almost similar to the eye of an experience person also. someone told me that even a popular jeweler are doing it now.i can't mention it's name here as the story may not be credible.

yes.. u need rm20 min deposit..


btw.. is good time to put in another 100gram for me?? seem usd goin down a lot... might shooting up again in coming week??? any pro here???

gold stay at 168.40gram for 6 days edi...

where do u check the spot rate for gram?

do they counterfeit pamp gold as well?i thought it is made in swiss?

If USD drop -> Gold price will RISE!