how about if we want to sell back our gold at maybank? need to go to counter or juz online?

Hello there all sifus,

If I plan to start a gold savings acc, and put aside some money to buy certs every month, is this a worthwhile investment? Would the admin fees be detrimental to this plan cause they charge a certain percentage on the highest qty of the month? Does this mean the more i have, the higher my admin fee?

Planning on doing this regularly i.e monthly from now on.

Lol i tried reading, but no stamina to last 36 pages. :s

Ok then....I'll read

Besides the selling and buying price differences , what else do I have concern of ? The selling price differ for each bank even at the same time . Don't they follow global gold price ?

Eg: -
CIMB  Gold Deposit            169.800 164.200
UOB Gold Savings Account  166.90      164.90

Selling price are RM2.90 per gram yet buying price more or less the same. How to choose which bank to invest in ?

hi, newbie here.

Want to ask,what that it means?

Min Subsequent Transaction  : Multiple of 5 grams(from UOB bank)

Thx alot.

Hi Dchk,

You are required to open saving/current account prior to invest in gold saving account. For quick gain I would suggest you pick UOB Bank as the preferred financial institution for your gold investment, due to its lowest spread rate as compared to other banks.

Good luck! 

http://www.rhb.com.my/rate_charges/gold-rates/gld_main.asp

paper gold.

too bad, there is no interest when deposit gold into a bank.

you no need to sell to jewelers or banks... you can sell to those who wanted to buy thru online (for eg. fb group)... many people does that now.. but thru banks or jewelers you dont have the risk of genuine or whatever la...

anyway... got even see people buy from UOB then sell at higher price than bank at online... but yet still have people to buy.... dunno why..

sry, i have a noob question. need to have at least 3k to invest in gold?

Survey all around,forex,stock market and even selling phones,all told me I must be 18 above to be eligible,
...any good investment to recommend?  Paper gold is fine with me,but I have to be above 18 ..

Would we be able to negotiate a better rate for paper gold at any of the mentioned banks if we buy more grams?If yes,which bank and how much is more grams?

Took me 1 hour to read only 20 pages.

so I might choose PBank to start my very first inversement because I able to buy and sell online.

Im not hoping to earn big, but enough as pocket money instead getting from parent every month.
Is that ok theat gold as short-term investment ?

Let say I buy 100 gram at rm170 today, then after few days, price increase at rm171 and I sell it. so my profit is rm100 right?  Next I wait the price to drop again to buy and sell when price increase again.  Keep repeating....
iz that ok? please do correct me if im wrong. I have no buddy to ask. All of my friend lucky to have a rich dad, so nothing to worry about money issues.

anyone know which bank got sell gold coins?

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