I got no problem with physical gold, but not all people can invest that high right? A quarter oz of gold required around RM1.2k.

MBB give 1g as starting is good, at least people are actually taking this effort to save up, rather than spending spree. It helps for the poor ones to start up investment as well.

Also, physical gold are prone to damages.

Few scratches and there goes your few grams. Also, it's really not advisable to keep gold at house right? There's always break-in, etc etc.

I'll rather they rob my passbook and they can't do shit about that.

its going down!just bought 20g paper gold on tuesday.should have waited.:\

Paisehhh..if got physical, easily can get 'short term loan' and add more grams when the price is going down like this time laahhh..if paper gold,cant do anything.

Errr .. Sorry, I just don't think you can be a businessman.

Selling price is always higher than the buying price. It's the same with FOREX when you need to buy foreign currency to travel.

Imagine if the bank sells low, let's say 160; and buys high say 165.

Go to www.sunnahmoney.blogspot.com and refer to the links given there.hope its help.

Do we have historical daily rates for Paper Gold from banks ?

Guys,

If any of you have Maybank GSIA, you'll notice that on your m2u account you have new menus. Previously you can only check how many grams you have. But now there's a buy and sell button. When I clicked it, it said service coming soon.

Will we finally be able to buy/sell gold from home?

lol... it's only mention coming soon. by the way.. price DROP  AGAIN!!!! shit!!!!
from 159.43 to 159.41 (maybank).. sign...
international gold price USD 1566.2.. sign.. drop drop drop... wrong time..

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Added on May 14, 2012, 4:38 pm

if suddenly it increase hell high u will lose a chance..

RM156.72/gram Maybank 

i read about it before..didnt remember the details..but roughly like this.

lets say pajak term : limit 6 month u get 60% of the gold value in cash.

let say u pawn 15k (100g) worth of gold (1g=rm150) : u get rm9k

then u buy 9k(60g) worth of gold and pawn them : u get rm5.4k which is enough to buy 36g

repeat till u used up all the money..

from my calculation you will end up pawning about 100g,60g,36g,20g,10g=226g (rm 33.9k) worth of gold with rm 1k to spare.

assuming after 6 month the gold price went up 10% to rm 165/g.

buy back the smallest gold u pawned..in this case 10g=rm1500(the gold value when u pawned it) only need to pay back the pawned price which is 60% = rm900 only..you still have the spare rm 1k from before..use it for that.

then sell the 10g gold u get = rm165*10g= rm 1.6k

next buy back the pawned 20g gold = rm 1.8k

sell the 20g gold...

rinse and repeat..

by the end of it you will end up with rm19k-20k. about 1/3 more than rm15k u invested before.

thanks wintersun..UOB or maybank better? can UOB buy/sell online?

anyone know whether need go maybank branch open account or straight away i can buy now via maybank2u?

thanks again..
can i say that only Maybank provide online transaction for gold in the market? any other bank?