The new "scheme" for low income bracket wan lar - PM (prime minister, not public mutual ) just announced last 2 weeks or so ago. Smells like election coming..

This post has been edited by wongmunkeong: Jan 27 2012, 06:42 PM

this sound like ponzi scheme.. or purely giving out ppl's money..

Went to Tomei just now, 999 gold is @ RM198p/gram now.
IF the gold shoot up, it will only affect a bit, but surely the price at retail rate will shoot up even higher.

I'm guess they have variable margin. which means if the gold price shoot up beyond RM175p/gram - they maybe will sell it @ RM210-220.

If I remember correctly and use the correct terms, they are using a margin with uplift. *Don't scold me >.<

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

Public and CIMB sell gold as well

Agree on that

95% of people money is in the bank...
be it FD, saving, gold investment account, even UT as nominee.
Almost all shit inside?...

Can I say, don't be con by buying price as well?

Buying 1kg of gold from a single entity of gold jewellery shop at RM200, which the only sole single entity offer buying back at RM180 (hypothesis case, not mean to say which or who), while outside only accept at Rm150~160, aka the real actual worth of gold or market price of gold,
is not considered invest all shit in single entity or single asset (gold) that can be stolen overnight all together?
Just joking.
I don't know how the offer will change or not, if price really plunge to Rm100. Black and white obligation for sure and forever Rm180?

The real worth of gold at today is USD 1720/ounce or near around RM170/g in the real market, end of story. This is the ultimate basic, don't need to say con by selling price or buying selling either.

My personal view, the risk taker is the one invest in gold actually,
especially physical bar at home.

US insurance issue?
AIG did not go under, what insurance issue?
Hong Kong investment bank? Which one?
Never mind also which one, we are talking on retail commercial bank, not investment bank.

Yes, gold can be a good investment class in current financial market environment, but I always view that you don't need sending fear this bankrupt, that bankrupt to promote or advise people to invest in gold.
Ya, those risk does exist, but at minimal and wherever you put your money, your gold risk is everywhere and can be as same as bank go under risk.
Personally, I don't like using fear to promote, instead should create awareness about the pro and con, what to expect, is enough to educate people and whether others like or not like to invest is another issue altogether.

This post has been edited by cherroy: Jan 28 2012, 01:26 AM

Can we safely state that the 1-year returns from Paper Gold Investment Account more than Fixed Deposit ?

No.
It is totally unknown territory.
It can 100x better than FD
It can be at par.
It can be worst.

Unless one has the crystal ball, which I don't have, so never state such a statement to start with.

In what condition would it fare worse than Fixed Deposit ?
US and EU becomes economic powerhouse again in 2012 ?

It may happen, if
no more QE,
no more cheap interest rate,
economy back on track, and little fear around the financial condition,
deflation occur.
etc.

Gold price fare worst than FD from 1980 to 2004, about 25 years.
Gold price performs many many times better than FD from 2004 up to now.

Let's hope another 25 years of Gold Uptrend from 2004 to 2029

Oh my mis.......issit for admiration or somethin else? dear..............

Personally, i think diversified is the best method that we can rely. If scared bank would bankrupt, then better dont invest or just put money in personal safety box at home.....

LoL. Y buy gold bar from them?

U know where they bought the gold from ?
They buy from bank.

FYI, public bank @ ss14 do selling gold bar/brick .
some consolidated gold chain stores do buy from them.

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!

Yup. they ought to mark up their price.
coz they need to pay for insurance and security.

direct purchase do save a lot. but normally it's come to kilo.

Wow, in kilo....you mean gold bar rite? hmm...besides banks any trusted seller with low selling price?

that 1 is for dragon year collection.

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Added on January 28, 2012, 11:10 pmthis is so wrong... unless u want 1kg only they will get from bank.

This post has been edited by doraemonkiller: Jan 28 2012, 11:10 PM

buy at 1650... sell at 1800... minus spread = over FD

rule... reach target must take profit

see it 1900 no action, wait drop already only reach

i did that before... then enter back at some time later... just the spread from PBB is killing me...

if you got quota ... go uob...

now up again... almost cover my spread losses... waiting time to take profit again... then wait again

but my bet is on silver now... gold almost done for me...

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Added on January 29, 2012, 1:13 amput at bank fear??? if put at home... risk = times 100000.....

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Added on January 29, 2012, 1:15 amthat time should be around rm5450+-.....

This post has been edited by xproc: Jan 29 2012, 01:15 AM

Its not a limited edition. Its not a numis coin. Its a gold Pamp bar like the norm....dear
And getting fleeced for 25% for a gold BAR is not very nice......

Did you get yours at Tomei, Habib or PK?

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Added on January 29, 2012, 9:35 amRight!

Some dude gotta fleeced by them jewellers for Rm6200 and
another recommended buyin bars from them sukering jewellers!

This post has been edited by prophetjul: Jan 29 2012, 09:35 AM