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 .

This post has been edited by hackwire: Feb 5 2012, 10:31 PM

i heard that most Vietnamese are keeping dollars and gold under their pillow rather than safekeeping it in the bank because they don't trust the bank system. we might ridicule them but they have a reason for it.. once in awhile they will take these gold or dollar out and smell it..it sort of like achievement or sense of belonging which will promote their motivation to work hard. they said if they keep in the bank, it's like sending a child to orphanage.

is this the real gold u r buying or just paper like shares?
by the way ,just saw in paper today that habib jewel is selling some new year dragon design by pamp swiss. anyone knows if buying from habib or UOB got any difference?

why u need to pay his company 13% some more??? commision??

oh ! oh! u just got yourself in twillight zone...

jewel shop? is it jewellery or gold bar?
any way , i saw habib jewel gold bar with dragon design , anyone buy that ? Public bank also making offer now, wonder if i should buy from habib or public bank..?

---

Added on February 9, 2012, 3:03 pmmay i ask where did u bought your gold?

This post has been edited by hackwire: Feb 9 2012, 03:03 PM

from KL, may i ask how do u tell a gold bar that u buy is pure gold bar? i came to know a shop that says u can't tell whether the gold is real or not. u need to do some chemical test and magnet could be use to detect any iron metal as well . they advise not to buy from jewel shop because got mix with copper.

---

Added on February 9, 2012, 3:34 pmhabib jewel . they have a booth in KLCC now. the purity of the gold is 999.9
i wonder how much will it cost. can u go to it's website and download the pdf file to take a look now. it's very nice .
public bank has promotion for their gold bar account as well but not dragon design kot.

This post has been edited by hackwire: Feb 9 2012, 03:34 PM

so jewellers price is not following the market rate ??
check out this Public bank promotion , 200gm gold to get 1gm gold.. wonder what is the fineness of the gold, y they did not disclose it out but the poster show the gold bar fineness is 999.9

ok thanks.. wat do u suggest if buying gold base on spot rates, do i go to banks like UOB to get them or any other banks like maybank?? i don't think i trust jewelers on gold now after i heard stories of mixing gold with other materials . better for me to seek the right instituition since in the thread already have an article of counterfeit gold distributed from china and even dealers cannot detect.

if u read the earliest thread, adviser told to get gold from US instituition due to the fact that many China dealers are counterfeiting the real gold which is almost similar to the eye of an experience person also. someone told me that even a popular jeweler are doing it now.i can't mention it's name here as the story may not be credible.

where do u check the spot rate for gram?

gold coins seem great too... i began to noticed that there's a lot of suppliers from overseas starting to setup booth in this country like in giant collecting jewels from the shoppers. possible that gold is very quite in demand in the future, if not why they starts to put up booth now? And i been told that asian like us always buy fancy gold jewels unlike westerners who prefer gold bar than jewel . is this true?

This post has been edited by hackwire: Feb 9 2012, 11:21 PM

http://www.maybank2u.com.my/mbb_info/m2u/p...cntKey=INV03.03

why kijang? i think u can get pamp swiss or other gold bullion in uob .

i think if u buy Pamp swiss gold , u can sell to any country but if u buy those gold from jewellers with some design and issued by the jewellers it will be difficult to sell to any place and the commision charged is from 15% to 20%.

i heard if u buy from poh kong and sell back to them ,only 10% commision that they will charge u.

---

Added on February 19, 2012, 3:25 pm100 gm @ RM 16,800??
where ? i asked habib and was quoted RM 19,600 for pamp swiss.

This post has been edited by hackwire: Feb 19 2012, 03:25 PM

how easy it is to sell a Pamp Swiss gold bullion compare to a Jeweller gold bullion that has design on it?

how much commission is lost for selling gold bullion or any taxes?

This post has been edited by hackwire: Feb 20 2012, 05:00 PM

20 g @ 17K is expensive right?

i ask habib 100g pamp swiss gold bullion is RM 19,600K.

are we on same page on the grammage here?

sorry noob here.. when u mean spread, u mean ?
he said market price is 205 now.. what is he implying here.. ? is this the spread price?

Seem like everywhere is collecting Gold back from the public. saw Gold booth in hypermarket inspecting for free service.

may i ask, if the market rate states RM 173 , does it mean that i should be able to get a PamP swiss Gold Bullion for 100gm at RM 17,300 nett or it is determine by the gold seller how much they wanted to sell??

This post has been edited by hackwire: Feb 23 2012, 05:19 PM