Ok i just came out from a goldsmith shop. I asked their selling price for 916 & 999 gold pricing.

1. 999 gold/gram - rm190
916 gold/gram - rm169

2. They said paper gold sold/traded by banks was 916 & NOT 999 gold

Never visit other goldsmith shop except this 1. So buy 916 or 999?

Of course buy 999 Gold... or even better 99.999% gold bars

So does banks trade 999 gold? I mean paper gold

Who said 916? I believe UOB gold account holder can convert to physical gold if they want, with some amount of money.

send me ur email via pm i will send u the forms...

i think bank's paper gold is in 999gold ler..

goldsmith i asked tell me so...price differ bcos they(goldsmith) want earn abit mah

Which goldsmith did u go? AFAIK, all goldsmith will follow http://www.fgjam.org.my/ and the price for 916 is RM180

This post has been edited by potenza10: Apr 16 2012, 02:27 PM

bank gold mostly is 999. they don sell 916 like goldsmith shop. please correct me if im wrong. but im sure maybank paper gold refers to only 999 gold. its been quite sometime i have not top up my gold

Bank gold is mostly 999, not 916. Not all banks offer you to withdraw in the form of physical gold.
But KFH do. U can buy paper gold and u have the option to withdraw in physical bars. Their gold purity is 995.

Buying 999 gold bars is it ok? I mean compared to paper gold

physical is always the best, since u have it in your own hands.
BUT, when the time comes and u need to sell it, can u do it as easily as selling paper gold back to the bank?
this is one main point for you to consider. if selling back the bars won't be a problem, then u better keep physical than paper.

No such things as paper gold in KFH.
KFH sell the 99.5 Turkiye physical gold with an option of storing.

I don't know others, but for me, selling back genuine pure 999 gold bar is not a major issue, but storing of physical gold bar risk is my main consideration as risk, aka theft, accident/disaster event.

yes, that's what i mean

Yeah. Some people I know store their physical gold in a safe deposit company. But then again, you have to bear in mind the charges as well, whether it is worth the extra cost or not.

Thanks for all the tips. So physical gold is the 1.

what is the point of phy gold ?

both phy and paper gold can be sold for MONEY.

you have phy gold , u trade in , u get phy gold money.
if gold price drop, same goes to your phy gold money.

you have paper gold, u trade in , u get paper gold money.
if gold price drop, same does to your paper gold money.

http://www.caseyresearch.com/cdd/rick-rule...market#section2

Hrm, I doubt this. 916 gold is meant for jewelry. 999 is always for investment. COMEX prices are traded based on 999.

Nevertheless, for investment, always go for 999.

All the best in your PM investment

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Added on April 17, 2012, 11:41 amYes, Kijang Emas is more expensive. That would be the disadvantage for it. However, it is the only bullion back by our Bank Negara and they have been very consistent with their buyback scheme. Even though you pay more for it, you would get "higher" when you sell it back because of the consistent spread.

I previously did a check on it. You can refer to my blog here: http://investsilvermalaysia.com/kijang-ema...d-margin-check/

Nevertheless, UOB offers the most competitive gold bullion - The Aussie kangaroos and Canadian Maples are currently the best deal in town


This post has been edited by kh8188: Apr 17 2012, 11:41 AM

Another point, where to keep it safe without being stolen...

of course selling physical is not a problem, but your resell value is less 20% or more than market current price.


those physical gold bar/coin usually protected with plastic and verified by certificate. your resell value will be lots lower if you lose the certificate. and if you open up the plastic protective cover, your resell value plungs down again.

My own opinion bout physical gold. no point buying physical if you cant touch directly the gold. the plastic dont feel good enough to touch. and you cant hear properly the cool ting sound of gold.

buy paper as an investment against inflation.

buy physical if you think major calaostrophe coming soon that will cause the failure of banking system.

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Added on April 17, 2012, 4:57 pmsafety deposit box at home. it dont really cost much. bout 5k can get you a sinple one

This post has been edited by john123x: Apr 17 2012, 04:57 PM