wow...too many to read...
need help here...
1. it is the same if i buy  paper gold n not physical gold?
2. im afraid to keep the physical gold coz i travel quite alot...so paper gold is the same value right?
3. which is more profitable gold or asb coz i want to make a little bit money for my wedding purpose...like 1 n half year from now..so which one all of u will suggest?
thnx n sorry for my bad english

GoldChan, honesty speaking, i'm not sure if i'm interested in convincing cherroy to convert his paper gold into physical gold. I get no benefit out of doing that, and it's kinda tiring. You and I are here to try to create awareness about the need for converting fiat (or any paper assets including paper gold) into physical gold/silver, but it is up to the readers to try to understand, digest, and make an informed decision on how they want to protect their future. If the reader is not willing to even TRY to understand the message, we cannot do anything. What we write in a forum is our opinion generated from our own knowledge, experience, logic, and hopefully unbiased and honest thought, which anyone else has all the right to agree, ignore, or counter our opinion. The thing is, if what you and I think is coming really comes one day, those readers who are well prepared will have much higher chance to survive, those who are not will find themselves in desperate situation. And if what we think about does not come true, then we end up being wrong, causing us holding a bunch of heavy physical gold, well hidden in shoe boxes (no offense intended kakiayam, i'm smart enough to understand the shoe box), and worth millions of Dollars.

Personally I do not care if someone can prove my point wrong about keeping physical gold. In fact, I hope I am wrong. And I hope you and I are wrong about the coming events. But looking at how things go, it looks like the economic and social calamity is inevitable. And it looks like we may not have to wait for 40 years for that to happen, it may come next decade, or even next year. And it looks like keeping physical gold/silver is the best protection.

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Added on December 23, 2011, 12:23 am

1. I buy to keep the value of my asset. I also trade to make some quick money. About buying to invest/price appreciation, try to look at it from another angle. 30 years ago, 100oz of gold could buy a house. Today, that same 100oz of gold can also approximately buy a house. Although we see gold price appreciate, it actually just kept its value against other physical items. Price increase is just an idea, it is actually the decrease in the value of paper money, which is what the bankers called "inflation".

2. Gold does not earn you interest. If someone asks you to put money in a certain gold investment product and get paid with interest, think harder. Or come back to the forum to ask if anybody can help you explain how that gold investment product works, and whether it is better than your own gold plan.

1. They are not the same. Physical gold is gold. Paper gold is something created by human and it can exist in various forms, from gold certificates to derivatives, to pseudo-investment accounts, to ponzi schemes. Many of which are at risk of default except those that are fully backed by actual gold. Even those papers that give you the right to claim gold, when there is no gold backing in full, you only get the right, but you may never get the gold. While the risks to physical gold is theft and purity of gold.

2. Yes you should be thinking about how to reduce the risks if you are thinking about keeping physical gold. But there are safe ways to keep physical gold, which is under your control. Unlike paper gold, you do not really have control over the risks of default. Yes, both physical and paper have same value in paper money terms. But they have different real values.... physical has gold value, paper has paper value (unless it is fully backed by physical gold, eg. allocated gold accounts)

3. Better to check gold chart to see previous years' price movement, and compare that returns to what ASB is giving. For me, i'd go for gold.

1) & 2) Yes, that's the kind of statement is that I want to highlight. 
Both side of risk involved for paper and physical.

Paper gold and physical gold has same value if nothing goes wrong aka default.
Paper gold + trust (no default) is equivalent to physical gold.
I use the word equivalent (not same), as it is in money term.

They do not have different value in money term.
When Comex gold futures is USD1600, it means physical gold trade will be follow USD1600 pricing.

Either Paper gold totally lost the value (default), or same value with physical (no default), - (this clearly shows which is more superior, even in cherroy's subconcious mind.)
the difference is between either same or zero.

I don't know why you all want to convince me to turn paper gold into physical (as said in my earlier post, not interested to convince), I fully aware the risk of default. 
I may convert or invest in physical, which depended on situation and financial condition out there, who knows?
I thanks you all to share the physical advantage story as well.

My view, despite debt problem around, the chance of default of paper gold is slimmer than plane crash. The highly solution is to let inflation solve the debt problem on its own (whoa....how i wish inflation can solve debt problem, help people erase off their credit card debts, and property mortgage would be cleared too.... hooray!), inflation means all asset class price inflated, including gold, and paper gold.
Inflation doesn't mean bank must be defaulted, instead inflation can solve the debt problem, and banks can earn even more money in the process.

Do I worry of bank default? Can bank default? (not sure if you really understand what gold default is, and what are the main causes)
Yes.
But I don't scare of plane crash until don't want to ride a plane.

You don't know the experience others went through, especially last 20-30 years time, whereby gold has fail misery to hedge against inflation even until now (err.... if gold failed to hedge against inflation, do you mean gold price increased slower than most other items?), as well as experience of theft, natural disaster and other issue, that has driven some people into paper gold instead of physical. 
Yes, physical storage risk can be controlled up to certain extend, but I do not agree can be totally controlled as well, same like bank default that out of our control.

I hope this end the debate paper vs physical.
I never said paper gold is best, nor physical is totally risky, I just offer some view on it.  

True,
Best is to divide the investment, put all eggs in diff basket.

loading up at 1600... now or never guys!!!     

its dropping to 1595 now.. going to maybank after lunch hour..

Don't know if it will go below 1500 or not?

maybank now got online application for the gold account right?

maybank now got online application for the gold account right?

1) & 2) Yes, that's the kind of statement is that I want to highlight. 
Both side of risk involved for paper and physical.

Paper gold and physical gold has same value if nothing goes wrong aka default.
Paper gold + trust (no default) is equivalent to physical gold.
I use the word equivalent (not same), as it is in money term.

They do not have different value in money term.
When Comex gold futures is USD1600, it means physical gold trade will be follow USD1600 pricing.

Either Paper gold totally lost the value (default), or same value with physical (no default),
the difference is between either same or zero.

I don't know why you all want to convince me to turn paper gold into physical, I fully aware the risk of default. 
I may convert or invest in physical, which depended on situation and financial condition out there, who knows?
I thanks you all to share the physical advantage story as well.

My view, despite debt problem around, the chance of default of paper gold is slimmer than plane crash. The highly solution is to let inflation solve the debt problem on its own, inflation means all asset class price inflated, including gold, and paper gold.
Inflation doesn't mean bank must be defaulted, instead inflation can solve the debt problem, and banks can earn even more money in the process.

Do I worry of bank default? Can bank default?
Yes.
But I don't scare of plane crash until don't want to ride a plane.

You don't know the experience others went through, especially last 20-30 years time, whereby gold has fail misery to hedge against inflation even until now, as well as experience of theft, natural disaster and other issue, that has driven some people into paper gold instead of physical. 
Yes, physical storage risk can be controlled up to certain extend, but I do not agree can be totally controlled as well, same like bank default that out of our control.

I hope this end the debate paper vs physical.
I never said paper gold is best, nor physical is totally risky, I just offer some view on it.