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?

This post has been edited by richardt3o: Jan 5 2012, 12:50 AM

What's the price per gram now? Is it worth the investment now?

So let's say I buy at RM180. And it rise to RM200. Everyone can sell at RM200? Or we must wait for buyer to buy our paper gold? Or it's just me and bank?

I actually ask the questions then go do the research. Sorry, guys.

Still, base on all of your experience in the gold investment, what do you think would be the best time to buy gold? RM15x region? or what?

for invesstment purposes. don't know when i will be selling it.

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Added on January 5, 2012, 5:03 pmbased on what u said, i guess it might drop further i guess.

This post has been edited by richardt3o: Jan 5 2012, 05:03 PM

I'm planning to buy a few gram of gold tmr at maybank. Since u all said that it is likely to increase this Chinese new year.

Any advice? Yes, no?

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

if we want buy from them, we should see their 'sell' right?

i didn't know bank sell expensive, and buy from us 'low'.