I got both, paper and physical...and happy with it.

guys,

want to ask 1 noob question

Why there is a huge difference between gold sold in those gold smiths/Jewellers shop & gold price?

they need to mark up 25% for the profits,
Easier calculation : Lets say 1 ounze gold is 1,600 USD means 1,600 X 3.2 ( usd to Rm ) / 31.1gram = RM 164.6 per gram. That means goldsmith will take RM 164.6 X 1.25 = RM 205.75 << This is the price quoted in most of the goldsmith, some markup 20% and some 25%

Anyone managed to convert their paper gold to physical gold from the banks? I mean the same bank from where the paper gold was bought.
What would be the charges?
Cos when asked the bank, they cannot give an answer. They only say that they will need to check.
Understandable that this will depends on the current gold rate, but there wouldn't the bank have a standard surcharge or like that? Anyone can clarify?

ohh..thanks for explanation. No wonder went we sell them back old gold jewellery, they deduct 25% off it.

This post has been edited by Iceman74: Dec 28 2011, 09:49 AM

As I know, PBB allow the withdrawal of physical god. But only from the selected branch only. Please refer to below

Gold Collecting Branches 50g 100g
Jalan Sultan Sulaiman RM220 RM240
Pulau Pinang/ Bagan Ajam


ps: I view gold price from the below web and it closed at 1587.3 as of 27dec11
http://www.kitco.com/charts/livegold.html

Wow, gold price continue to drop today, hope it will touch 1500 at the end of 2011

after add RM 220 and RM 240 (= about RM16840) it is more expensive than pamp gold (be it fortuna = rm16650, casting bar rm16550 or dragon RM16730)... and wonder what type of gold does PB give you...

so... imo, if buy more than 50 g... get pamp...

No Ideal what kind of gold PBB offer. hav to check with them.


Other than the PBB, UOB and Maybank listed below.. any other good places that is recommend for gold investment?

This post has been edited by livelifefull: Dec 28 2011, 02:30 PM


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Went to MBB just now to start small investment. Bought 2 grams and while processing, gold price drop right before my application got processed

Tho not much but will invest as in whenever I got extra money in the pocket.

bro... swiss pamp can get at RM12k for 100 gram... pm me for details... else your list is outdated very far..

uob = http://www1.uob.com.my/jsp/finance/fin_gold.jsp?func=gold

So paiseh lar. u know i know lor if still can get at rm12k
Just saw the bank list and wanna ask more about it only. lol

I believe the price will drop further so prepare the money haha

If its drop even further, then maybe i depo 2 more grams

if you plan invest gold... buy physical if can... once you determine how much you want to buy then go look for best offer... dont go retail gold shop like poh kong and tomei buy... as they follow FGJAM price = @@, dont buy jewelry as they follow FGJAM price + 15% for upah = less worth... find places or sellers sells follow spot price + % as margin...

the best is to buy gold bars or gold coins at your convenience, choose either pamp, maple etc is good enough ... larger = cheaper per gram (long term), smaller = more easy to liquidate but higher cost per gram... good start = 5g/10g/20g/1oz to 50g/100g

paper gold is better than physical. You think keeping alot of liquidity at home is good?

Good advise. thank you

To all my Muslim friends, just to share with you Fatwa on Gold Investment. Maybe TS can put this link at first page/post. Thanks.

e-Fatwa: Parameter Pelaburan Emas

OIC...so physical gold more secure??

buy buy buy, now or never


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