He just have 1k to start with.so,uob doesnt fit.

He may want to seek an additional fund to choose the optimal gold investment. I would advise him to avoid investing gold account in Maybank due to its high spread rate.

thank you izzud ! nice input .

Not sure, I just come across their brochure yesterday
You can check on their website.

i had browse through RHB website today, no other info on gold investment, only got daily rate...

Hmm...do RHB accept online trading? So far what i know is only public bank allows it. Not for MBB/ UOB

You might need to visit one of their branch for further information.

Do you think I can buy some gold now??

TSOM, can you be more specific?

Incidentally, you may want to read the article below to understand at what month the gold will reach a new high.

http://www.caseyresearch.com/articles/when...-reach-new-high

Sorry ..
Because ppl have been telling me to buy before CNY. And since CNY is tomorrow, I wonder if I can buy some during the week. Maybe it's not a good idea, I don't know.

As mentioned by many fellow experience gold investors, you are suggested to purchase gold ANYTIME when you have money My friend told me that gold price will increase shortly after CNY. Just take his word with a pinch of salt.

There seems to be some truth in it. It has happened in the past few years.

Check this article out guys:-

http://www.efinancialnews.com/story/2012-0...adlines-home-TT

Thanks ..

edit: can you copy and paste the article here? Have to sign up in order to read their articles ..

This post has been edited by TSOM: Jan 23 2012, 01:46 PM

Apologize TSOM. The website has encountered some problem. Please find another interesting article on gold investment during CNY below:-



Chinese celebrate Year of the Dragon with gold
Amanda
By Amanda Payne
Jan 23, 2012 - 2 hours ago in World


+
China celebrated its New Year on Jan 23, with celebrations and fireworks to welcome the Year of the Dragon. The dragon is supposed to bring luck in wealth so gold has become a popular commodity in China.
A report in the Financial Times says that China overtook India as the world's biggest gold jewellery buyers in late 2011. Traditionally, the new year means the giving of gifts but as the dragon, the only mythical animal in the Chinese zodiac, is associated with wealth, this year many people are giving gold instead of the more traditional gifts. The Financial Times report says
" Rising incomes in China have fuelled consumer spending on luxury items. Buyers look to gold as a more durable store of value at a time when other investment options in the country are extremely limited."
Trading in gold rose by 8% in the last three weeks leading up to the New Year celebrations according to Financial News. The paper says
"Gold historically performs well in troubled times as investors perceive the precious metal as a safe haven, but analysts attributed the recent rise to the pending Chinese New Year. Gold is bought for decorations and gifts for the New Year and Chinese demand has helped boost prices, analysts said."
The Daily Mail reports that the exclusive London store, Harrods, has produced special gold bars with the dragon motif imprinted on it especially for their Chinese customers. Many more Chinese are able to travel abroad and are doing so to celebrate the New Year. The Daily Mail says that the high end shops of Bond Street have hired Mandarin speaking staff to cope with the expected influx, especially Burberry's who are expecting a large number of Chinese customers wishing to buy similar clothes to those worn by the Duchess of Cambridge.
According to the BBC, many Chinese families will be trying especially hard to have a baby during the year of the Dragon as it is considered to be especially lucky for a child to be born in a Dragon year.
Whether the Year of the Dragon will prove especially lucky for China remains to be seen, but no-one is taking any chances making sure that the gold markets will remain buoyant for the next two weeks at least.


Read more: http://www.digitaljournal.com/article/318328#ixzz1kIHZliIJ

Hey guys,

Would like to enquire which bank i should invest in IF I were to allocate budget of 200-300 in a monthly basis?

Not so sure about this, as i'm new here.

Thank you

With your limited monthly budget, you can go for Maybank's Gold Savings Account which allow minimum purchase of 1g. BUT Maybank's spread is very high.

hey guys , i wan to ask that why the market gold price with maybank's gold selling and buying price not the same eh? i seem maybank's gold selling and buying price just drop abit although the market gold price dropped more . har? why har?

Buying Price is always LOWER than Selling Price for banks to make Profit !!!

Yar agree that ! both the maybank's buying and selling price are lower than market price . How to make investment -.-



This post has been edited by czpin: Jan 25 2012, 12:49 PM