Can even drop more?

Physical is dropping scarier than paper gold... arghhh!!!

Critical support level is at $1650. If it drops below this level, then expects more free fall... :0

We always seem to get a raw deal in Malaysia. I made a quick comparison of the spread (expressed as a % of the buying price) when trading in gold in China (ICBC bank), HK (HSBC bank) and Malaysia (UOB, Public, CIMB, Maybank).

China (ICBC) 0.2340%
HK (HSBC) 0.1284%
MY (UOB) 1.2195%
MY (PBB) 4.0821%
MY (Maybank) 4.3221%
MY (CIMB) 3.4589%

You have to define whether thats physical or paper.
If HK is giving 0.13% for physical, i find that hard to believe.
That spread cant even pay for storage...........

Paper.

anyone know which bank got sell gold coins?

i do paper for 1.1%.....that 0.13% is dirt cheap.

BUT as usual, Msian get fleeced, screwd and killed by banks

if country bankrupt, then the paper gold will be useless.
physical gold will be better, but in term of security, physical gold a bit susah then

I plan to change to buy physical gold bar or coins instead of paper gold.

Bend over baby...

If only we can move $ over the Internet easily & cheaply to/fro foreign banks to buy/sell gold and other equities sigh..

Didnt think about bending.............over!

BUT 01.3% ffor even internet rates is very low..........

This is brokerage for Citibank Singapore



My brokerage in US charges $2.50 per trade! www.Just2trade.com
Thats low..............................
i REFUSE TO BEND

This post has been edited by prophetjul: Mar 8 2012, 02:09 PM

UOB

Taipan branch UOB not selling, any branch u know got sell? thx.

wads the physical gold price now?

here's the price offered by UOB
http://www1.uob.com.my/jsp/finance/fin_gold.jsp?func=gold

tat's physical gold? wads the diff between gold types?

Jalan Raja Laut, KL.
Better to call up first before you go

Yes. It is not uncommon to see them run out of stock. Call first just to check on their stock. They sell on first-come-first basis. When they are out of stock, it takes 2-3wks to replenish.

physical safer and value preserved. Paper is dependent on the institution that gives it out. Banks can close anytime, better to put money into physical. Safer. Like buying land/houses

I have reliable info that Hang Seng and Wing Hang bank have a 0.5% spread for physical gold. It's preferable if you're there in person to check it out.

Rgds

Yes, I agreed.
But please give us real example that bank can close at anytime, instead spreading this kind of fear (I knew this risk does exist, but this kind of word can be deem as irresponsible comment aka bank can close down anytime)
We have hundred and thousand banks around the globe, even Malaysia has 10+ banks around (after many merger round), please tell us which bank has closed down simply.

Physical safer?
The chance of getting being robbed or stolen is less than banks close down? I first time knew it.
I only knew land and house cannot be stolen, buy physical gold can.

Value preserved? I did it 30 years ago, it never preserve, who lie to me?