Jan 5 2012, 08:53 AM
QUOTE(richardt3o @ Jan 5 2012, 12:42 AM)
AFAIK, gold price has been up to a new peak for awhile now. And I'm kinda interested to invest it paper gold. am playing share, but would like to try something new.
A few questions I have after reading through the posts.
1. Do I need to open a seperate gold account? Plan to use CIMB bank or maybank.
2. I don't need a CDS account right? I just need to open a new 'gold account' and put money in it? is there a minimum of how much i must buy for MAYBANK and CIMB?
3. Is it advisable to invest in gold now?
4. Is it like buying share? I tell the bank I want to buy at what price, and then what if I want sell? Since there is no broker I assume for 'gold account'.
5. IS IT LIKE SHARE? WHERE WE BUY AT THE PRICE WHERE PEOPLE WOULD LIKE TO SELL?
6. there is no dividend in buying 'paper gold' right? just only capital appreciation?
7. is it better to invest in gold or silver?
any extra advice?
A SIMPLE ANSWERS to ALL YOUR QUESTION..A few questions I have after reading through the posts.
1. Do I need to open a seperate gold account? Plan to use CIMB bank or maybank.
2. I don't need a CDS account right? I just need to open a new 'gold account' and put money in it? is there a minimum of how much i must buy for MAYBANK and CIMB?
3. Is it advisable to invest in gold now?
4. Is it like buying share? I tell the bank I want to buy at what price, and then what if I want sell? Since there is no broker I assume for 'gold account'.
5. IS IT LIKE SHARE? WHERE WE BUY AT THE PRICE WHERE PEOPLE WOULD LIKE TO SELL?
6. there is no dividend in buying 'paper gold' right? just only capital appreciation?
7. is it better to invest in gold or silver?
any extra advice?
1. Yes separate acc
2 ~ 6. The BUY & SELL as same as FOREIGN EXCHANGE MONEY you BUY&SELL at BANK. No need CDS acc, No need brokerage fee, no DIVIDEND like shares.
7. I will choose GOLD. Current investment is with UOB (low spread), and previously with Maybank & Kijang Emas
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