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Added on November 14, 2011, 9:09 am
Gold is kept for capital appreciation. It doen's give dividend / interest like the ASB. If gold rise u earn the profit, if gold drops, u rugi lah. Same like shares. However,Gold is a tool for hedging inflation. Money value will depreciate over time. example, 10 years ago ur nasi lemak will cost u around Rm1.00. Now price is almost reaching RM3~5. This is call inflation.
Here are some of the points of having paper/physical gold
Paper gold
1) easier to manage
2) no need crack head where to ''bury'' the gold
3) save cost in terms of spread between buying and selling
4) easier to deal. Bank will buy back in any price at their spot rate. physical Gold need find willing parties to buy and depending on your negotiation skills.
Physical
1) get to admire gold everyday
2) no need waste petrol and time go bank to keep on top up or sell gold.
3) Rumors rumors say bank will go bankrupt. Then they got no money to pay u back your money that u have invested.
    example Lehman brothers and the recent MF global.

Dear gold taikorsssss,

Currently have 10k in hand to spent for gold investment. Should i buy at this time or wait after Christmas eve ? (read thru some opinio, the price shall be lower after Christmas)

Thanx.

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Added on November 14, 2011, 11:57 am

Dont get confused easily.Its clearly stated there, there are 2 types of gold by Maybank :

1. Maybank Gold Investment account - paper gold.go and bring money to open an account.then u just hold passbook to buy and sell in grams.
2. Kijang emas bullion coins - physical gold.Issued by BNM and comes in 3 size (1oz, 1/2 oz and 1/4 oz). 1oz = 31.1 grams...it is international standard.

yes...maybank with maybank, uob with uob and so on...btw, what do u mean 'vary'?

woohoo gold drop....  faster drop somore

yeahh..selling price are different from each banks...u can refer to this link for comparison...

http://goldabout.blogspot.com/p/malaysia-b...gold-price.html

1. Wrong concept. 
Physical gold you buy at Rm200, even the spot price up Rm10, let say RM170 to RM180, you may only can sell back at RM180, not RM210.
Who is the person to buy at RM210 from you?
Unless you become the goldsmith to sell at retail price. But this is like doing business trading already, not investment, or sell back.

The real worth of gold is based on spot price, nobody want to buy above the spot price.

Physical price is always based on spot price or paper price, there won't be disconnection issue.
As if there is, many will take advantage of the spread and correct the market back.
Market is always efficient, you let people to have change to do arbitrage, the price correction come it to reconnect back.

there's alot reason for the gold price up n down. You dont need to worry so much if you holding the real gold on your hand, unless you holding a gold saving bank book with numbers inside

there's alot reason for the gold price up n down. You dont need to worry so much if you holding the real gold on your hand, unless you holding a gold saving bank book with numbers inside

why do you buy gold?

UOB, u can actually close the gold account to avoid the penalty.

next time, just open a new one...

I have read from page one to this page yesterday. Most discuss the gold price and time to invest and stuff like that.

Eh wat u mean by go bank do online transaction? I already have maybank2u online account. So is mean I can direct buy sell from my laptop during working office  right?

if gold price shoot up to 2000 or down to 1200... you will see all ppl coming back

loading up at 1600... now or never guys!!!