Depends on where are u buying from.afaik, all company that sell gold will have buyback policy.so,its easy to convert to cash.

Why are they comparing with asb? Asb will give good return.

This post has been edited by potenza10: Jan 26 2012, 12:42 PM

Anyone want jewelleries for investment and it is confirm that the price is lower from gold shop, pm me.i will get for you.

The highest price for 999 gold is rm208/g and 916 is rm197/g..and now the price a bit lower after gold dip at usd1550+ where 999 gold is rm198/g and 916 gold is rm187/g

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Added on January 26, 2012, 10:55 pmTonight the price is skyrocketting back surpassed usd1700/oz level...if this situation continue for 2 weeks, i believe gold shop rate will be up again..

This post has been edited by potenza10: Jan 26 2012, 10:55 PM

Dont buy goldbar from tomei, poh kong or habib...u will pay more money.there are a lot more option to get 999 goldbar with low premium and low spread...and its reputable.dont worry whether it is a scam or not if u buy 10g bar and get 10g bar.u need to worry if u are offered any scheme with passive dividend pay out for every month or whatever.cheers!

This post has been edited by potenza10: Jan 27 2012, 10:36 AM

Are u sure their spread is around 12% for goldbar?

If their rate for 999 goldbar is rm200, so the buyback will remain -12% with no effect of current spot price. Their spread will based on their selling price, right? If u refer to bank's rate and it drop around 5%, how come u minus 5% from poh kong rate? Haiyaaaaa...

This post has been edited by potenza10: Jan 27 2012, 01:19 PM

Yaa..true.i also ask at habib klcc..their buyback for goldbar is more than 20%

If got people go and ask how much 1kg bar at goldp shop, it doesnt mean he want to buy. Maybe he just check the diff between gold shop price and other source price. And IF he is really want to buy from gold shop, i pity him lahhh...lol!

To maximize our return, i believe spread play a bit role on it...cheers!

I dont need to learn finance just to buy a gold...lol! At the moment, i'm okey with 5% spread of my physical gold buying.

And errrr...ALL gold is for investment...name it rabbit, lizard, iguana, kangaroo or dragon.as long the content is gold, its okey enough.

U can refer to www.fgjam.org.my for retail price. Normally, they will not revised the price if spot price just playing around plus minus usd100..the highest record for 999 retails price is rm208 when spot price shoot up usd1900/oz back in sept 2011 and the price is remain until last few weeks' drop around usd1550/oz and then the price was revised as per now, rm198/g..

That is why there are lot of options to buy at low price in the market now...and of course the spread is more lower and the price will follow closely to current spot price.That is the best choice for me...cheers!

This post has been edited by potenza10: Jan 27 2012, 11:48 PM

I am not questioning about from where they buy the gold...i just point out that their selling price to customer is high. Thats all.

Btw, u can go and buy from bank just like gold shop towkay...lol!

Its ok for newbie..but after this, maybe can sourced out for cheaper price. Never buy from gold shop.

How much deduction if sell back pamp dragon to them?

+1

Never buy gold bar from jewellery shop.

Full stop.

Do you mind to upload the pic here? Maybe will get some attention from collectors rather than sell to goldsmith.

As long as it is surplus, why not? rather than leave it in saving account, put in paper gold lah.wait for 1 or 2 years and then see what happen.. I guess young kid can take a big risk.

Just 1 gram per month, ni big deal la.wont affect your normal young life.

Yes..the gold is not growing but the price is increasing.

i didnt see it is high risk.just set your own target, what is your preferable % of profit in let say 1yr or 2yrs then cash it out.no prob.

What company?

Kijang emas stop production already.

The value of gold will go up due to unlimited paper money.