Poh Kong gold bar= High liquidation due to at least 100 branches in whole Malaysia. Lowest deduction among the well known jewellery shops. Deduction around 12% for cash, 5% for jewellery. No charge for 12 months installment. If lets say you bought the gold bar last year Feb and sell it this year Feb, gold price increase 28% - 12% deduction= earn 16% profits.

Tomei Pamp Swiss= Can trade in oversea as long as the shop accept it. Not necessary apply for all foreign companies. Not recommend if you are not travelling around the world. Trade in deduction higher.

Genneva= If you are the last player then GG to you. Same like stock market. I saw their salesperson went to goldsmith shop to check the purity of their gold.

Heard that it is hard to get physical gold from the bank as there is always no stock except the 1kg gold bar.
Not sure about their rules but I think you cannot have any scratch on the gold bar else they will not take back even there is cert and receipt, which is vary with the goldsmith shop. PK gold bar do have hard plastic cover protect the gold bar so that no one can open it and damage the physical gold unless you do it purposely by using cutting tool.

Certificate? Not important but keep if provided.

Unless their dividend is flexible, else they will face cash flow issue in the future. Operation have to stop and company wind up.

Is good to not to buy a thick gold bar. I know a lot of people decide to invest more than 100k on gold bar but worry about the return and the purity of gold.
Some gold bar is quite thick and was able to remove from the plastic cover. In today technology, you won't know your gold bar is real or fake if you did not cut and check the purity of the gold bar (internal and external). People could make a fake gold bar which the metal inside is not gold but the surface do. A lot goldsmith shops has kena since the gold price is quite attractive nowdays. So the cert could be useless since it is so easy to imitate. Even you bought the 1kg gold bar from Genneva or bank, you cannot confirm that the whole gold bar is pure gold, unless it is first hand instead of second hand which is buy back from the public and sell back to the customer again. They normally won't cut, melt and remake.
Some gold bar has thick plastic cover like what Poh Kong did. A cover that unable to remove the gold bar except when you use a cutting tool to cut it which the trade in value will decrease if you did so. This is to protect the gold bar having change to the fake one by idiots and to protect the gold bar from damage. So even they want to imitate also quite hard because they need to make the plastic cover too for the PK gold bar. Receipt will be issued when you purchase the gold bar. Without receipt, they have to photocopy your IC to ensure that you are the owner of the item. So it is safe to buy gold bar from this company.
Correct me if you disagree.

This post has been edited by doraemonkiller: Feb 28 2012, 08:07 PM

Heard that it's because the US election coming soon. So the gov cash out the money from gold and boost the economy to look good. Everything is short term.

heard that gold price will increase once US election done.
I think they cash out the money from gold bar to boost the economy.

Did you get this from Wah Chan. FYI, not all goldsmith shops do join http://www.fgjam.org.my/ . Those goldsmith shops that did not join FGJAM could set lower gold price but mark up their workmanship to earn profits. The cons is they have no rules to follow so they could resell those trade in jewellery instead of melt it and remake a new 1. Sometimes you won't feel safe because 916 can be not 916 gold. That's why always buy jewellery with FGJAM members for your own good.
Here is the knowledge:
916 is not for investment. 916 Gold (22K) appear because the government created a rule that our jewellery should be made in 916 (previous time is 750 Gold (18K). 916 Gold does not apply on jewellery with gem stones as the material is too soft to hold the gem stones like diamond.
China only use 999 pure gold (24K) for their jewellery. Western countries use 18k or 9k. Few countries use 916. So if you bring 916 golds to Australia or western countries for trade in, value will be same like 18K instead of 22K because they do not have 22K.



WRONG info dude.
Deduction percentage for gold bar is different with gold jewellery. If you want to go for Physical golds, here is the things you need to think about:

Goldsmith shops:
-Higher dispersion in terms of percentage. Normally 11% to 18%. Gold bar produced by own company have the lowest dispersion (normally 11%-13%). International type like Suisse gold bar have higher dispersion because more parties share profits (example: Suisse company and Tomei company). The 11%-18% deduction does not apply if the hard plastic cover has been open because they have to melt and remake to a new one. Normally deduction 25% for that.
-A lot local company do sell Suisse bar because of the well known brand which is acceptable in most of the countries. This will only happen when the gold price is stable or increase. If gold price drop, they will only take back Suisse gold bar provided with their receipt. Example, You buy Suisse from company A, so only company A will buy back provided with receipt issued by company A. If you buy the Suisse bar from company B, they have rights not to buy it because they don't want to lose money by keeping it when gold price expected to fall. I believe bank did not buy back from other companies too.
-Selling price and buy back price is higher than bank.
-Normally there is a hard plastic cover to protect the bar and avoid customers open and changing it with the fake one since technology is getting good nowdays. Gold testing can be check from the external part but not the internal. So try to avoid those with open cover or 1 KG gold bar. Unless it is a fresh produced.

Banks
- Diff bank diff dispersion like goldsmith shops. Paper gold better if you believe the bank have no cash flow issue in the recent future time. UOB have the lowest dispersion I believe.
- Higher deduction if the bank reject to buy back due to the scar. Higher deduction if sell back to goldsmith shop.

This post has been edited by doraemonkiller: Apr 18 2012, 01:04 AM

If lets say the gold price is RM190 per gram. If the dispersion is 12.5%. At least how much to cover my lost.

So use 100%-12.5% =87.5%
RM190/87.5% OR RM190/0.875
Answer: RM217

If economic goes worse, gold price will increase. Europe crisis has started since last year.

gold price increase 6 ringgit within 1 hour...

Just to inform you guys http://www.fgjam.org.my/ no longer control goldsmith gold price. The price of every goldsmith shops will be control by the company itself.

You forget the income part

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Added on June 5, 2012, 11:05 pmIf the price of item has higher inflation rate than the interest rate of FD, then that is why money devalued.

This post has been edited by doraemonkiller: Jun 5 2012, 11:05 PM