hehe...openning ceremony of v4  
If wanna check latest gold price click here.
1)daily gold price RM/gram

2)live gold price usd/oz

Gold price offered by Banks
1) Public bank
2) UOB bank
3)Maybank
4)CIMB bank
5)Kuwait financial house (offered physical gold, not paper gold)

** please note some gold price uploaded in the banks webpage are not updated often. Please contact the banks for latest price. Above information is for reference purpose.

pls feel free to comment n discuss 

How to choose the best gold investment account that suits you the most? Let’s do some comparison:

    * CIMB Bank Gold Deposit Account (GDA)
    * Kuwait Finance House KFH Gold Account – i (GAI)
    * Maybank Gold Savings Passbook Account (GSPA)
    * Public Bank Gold Investment Account (GIA)
    * United Overseas Bank Gold Savings Account (GSA)

CIMB Bank vs. Kuwait Finance House vs. Maybank vs. Public Bank vs. United Overseas Bank

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Note: Information is obtained from the respective banks’ websites and customer service call centers.

Here are factors to consider when picking a gold account:
Affordability

Most banks do not charge a fee for the opening of a gold account. However, whenever you sign up for an account, a minimum initial deposit is required ranging from 5 grams to 20 grams.

Other than that, minimum subsequent purchase/sale shall be taken into consideration too. Especially, for those who plan to buy gold on a regular basic.
Fineness of Gold

According to Wikipedia, here is the most common millesimal fineness used for gold:

    * 999.99 (The purest type of gold in the market)
    * 999.9
    * 999 (Fineness equivalent to 24 carat, also known as three nines fine)
    * 995 (The minimum allowed in Good Delivery gold bars)
    * 990 (also know as two nines fine)
    * 958.3 (equivalent to 23 carat)
    * 916 (equivalent to 22 carat)

Physical Gold Withdrawal

Please be noted, the minimum quantity for physical gold withdrawal required by some of the banks is 100 grams. In another words, you are not allowed to withdraw in physical gold if your invested amount is less than 100 grams.

Bare in mind, the physical gold withdrawal charges imposed is not really mentioned in most of the banks’ websites, except for CIMB Bank. It’s important to check with the respective bank first before any decision is made to sell your paper gold.
Withdrawal Options

Basically, the option to withdraw in cash or crediting into savings or current account is making no difference for me, because I will still get the cash eventually.

But, for physical gold withdrawal, are the clauses like “you can withdraw in physical gold but it’s subject to our stock availability” and “physical gold withdrawal is subject to bank’s approval” is meaning the same for you?
Convenience

Everything goes online now. We want a hassle-free investment. The idea of online gold trading via PbeBank.com to purchase and sell gold is a good practice and service, which shall be followed by others bank too, perhaps.
Cost

The only major cost to be considered is the difference between selling and buying prices. Low fees translate into cost savings. And this can lead to higher profits. Therefore, compare the price differences between all the 5 accounts and identify the cheapest gold price.

Don’t miss out on all these golden investments! Compare and choose the best gold account for yourself! Terms and conditions apply.

Source > >www.horlic.com

hi guys, i have some issue that is related to genneva. i have some issues which is written here: https://forum.lowyat.net/index.php?showtopic=2187674

does anyone knows of any cases about people being scammed or anything?

i found that, and a plentiful of other sources suspecting the viability of this scheme. i also cross checked BNM's website and found that the charges towards the 3 directors are still ongoing in court. I actually need real examples of people who had been scammed(made losses, if u will) in this scheme.

by the way, thank you 

yeap, i agree that the business model is questionable, there's even alot of topics about this in LYN itself, but most of it is either "sales consultants" trying to sell it with a MLMer behavioral style, or people refuting it based on its' questionable business model itself. what i really need is real example of people getting trapped, i myself is not interested in this scheme.

they have a gold testing machine.. From density, weight and purity. If a coin or bullion, to sell is easy because the solid weight it have rather than jewellery...

Correct me if I am wrong

The difference between Goldsmith shops and banks

Goldsmith Shop
Poh Kong:
Selling and buying back price is higher compare with banks. So do not compare the price but the percentage of deduction. (You all failed your maths!)
Deduction for trade in golds is within 5% and cash within 12%. (the best among competitors I believe. Swiss gold is useless because you are not carrying it around the world. Swiss gold have no interest free instalment, high deduction and there is workmanship)
Installment: 0% interest free for 12 months
If you use 1 year ezypayment instalment method and expect gold price increase by 20% per year, the deduction for trade in cash should be 11.5% - 10% = 1.5%. The 10% is the average of increment at the middle of year. You are paying the old price when the actual price is increasing time to time.

I think I does not need to explain much for the bank offer.
In economic recession, bank will face cash flow issue and have the possibility that not paying your investment. It is same like what US and Europe countries facing now. This is why Iceland 'bankrupt' and everyone cannot cash out their investment. To diversify and minimize your risk, it is good not to pool your money in an entity but many entity. That is why I always recommend people to invest on physical golds besides the paper money. Goldsmith shops like Poh Kong are not in the lending money business like bank, EPF and insurance companies. That's why their risk is lower while the risk for bank is getting higher when economic is getting difficult.

RHB also got their new gold account for us, with minimum initial deposit of 20gm.

Bought bracelet for my wife for her birthday at Tomei 24/10 (second lowest dip during Sept-Jan), the price was RM189.

Problem is, she hate it.....

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!

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!

that 1 is for dragon year collection.

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Added on January 28, 2012, 11:10 pm

this is so wrong... unless u want 1kg only they will get from bank.

new here,dont want to disturb you guys or make you guys angry so i decided to read from page 1 to page 51(skip a few homeworks in between and dont really care about teacher scolding me XD) but clearly i dont understand a lot of things,you guys can call me Harris or anything you want lol,first of all sorry because of my english and my noob questions even though i read all the pages but,i got interested in gold.Is it illegal or somehting if i were to walk into a bank or something and buy myself physical gold at my age(15,16 this year),i dont have any money but 1 day i want to buy gold.my first choice is PAMP Suisse,and the only place that i know is uob bank,but the selling price of 1 gram gold is 332 and the buying price is 199(you can laugh all you want because 1 gram might sound hilarious to you guys but i think is affordable,but i actually got tempted with the big boys which is more then 100g but clearly there's no way i can afford it) ,i dont know why but i now i will regret it if i were to buy their PAMP Suisse at their selling price,second choice is public gold,but it is locally produce but the spread(i assume is the diff between the buying and selling)is really tempting.so is there another place where they sell PAMP Suisse with a really low spread?im not sure of the term spread is used correctly in my question,but i really want PAMP Suisse as my number 1(actually number 2 beacause i want a to buy a laptop for myself first) stuff i want to buy for myself.really hope that a kid like me didn't disturb you guys because im not trying to troll you guys or something.i hope you guys can answer my questions.so thank you and have a nice day,and sorry for my bad english,oh,1 more question,what if i tear of the plastic casing(if i own 1)and hold it in my hands(wow,that must be heaven or something),what will happen to my gold,like nobody in this world will buy it even if i sell it for 10% of the spot price(i hope i use the the term correctly,again,)so thank you and have a nice day

Ya, most stable from 1980 to 2004, same price throughout.

Industrial use of gold is minimal, most gold ended with gold bar, jewellery only.
Industrial demand is not the driving demand for gold.

i think Gold is the best bet compare to FD. money value can shrink if the govt of the country has loads of debt and keep printing money out for profiteering the few. if u look back , malaysia ringgit had lost out to singapore, australia and probably other coming up nation like china .u won't be surprise that RM had never been a strong currency and they never will because the government don't have that vision to reduce their debts, maintain, defend etc it's tower.. play too much tower defense game lately. so after 10 to 20 years and still keeping them in FD, your RM 100K today is just about half  of it in the future as other things start to escalate like commodities that are scarce. Land is scarce thus getting more expensive.

i let the expert or financial guru to continue from here , i might be wrong .