Went to MBB just now to start small investment. Bought 2 grams and while processing, gold price drop right before my application got processed

Tho not much but will invest as in whenever I got extra money in the pocket.

If its drop even further, then maybe i depo 2 more grams

I got no problem with physical gold, but not all people can invest that high right? A quarter oz of gold required around RM1.2k.

MBB give 1g as starting is good, at least people are actually taking this effort to save up, rather than spending spree. It helps for the poor ones to start up investment as well.

Also, physical gold are prone to damages.

Few scratches and there goes your few grams. Also, it's really not advisable to keep gold at house right? There's always break-in, etc etc.

I'll rather they rob my passbook and they can't do shit about that.

Gold are always for long term, but it still depending whether if the price will move drastically within months.

Nevertheless, it's a force-saving for those have problem managing their money.

Dammit : Gold continue to drop. Drop drop drop. Guess I take back my word, gonna wait it drop further.

This post has been edited by temptation1314: Dec 29 2011, 08:56 AM

I'm not a prophet and i'm not assuming anything.
Physical will still prone to damage. Nobody will go scratch the gold, but what if you accidently dropped the gold? Nobody can predict shits, that's why there's insurance. But then again, insurance can't promise everything also.

At least you do not need to care so much when you are holding paper gold. You just monitor the price and keep your passbook.

I'm not saying physical gold is not good. Nobody would say no if they are offered a bar of gold but the thing is not everyone can afford that, and also not everyone are living in a banglo.

Here's my 2cent

It still makes no sense.

Paper Gold is very direct forward. You buy high, wait selling price increase to the point you satisfied, then sell.

It's the same as Physical gold. If you are selling more expensive than what bank is offering, they might as well go get it from bank than you.

I'm still confused with all this physical/paper gold craps.

^Prophet?

Actually the gold price is kinda low already now, the indications is to wait it drop below RM160, the risk is there but I think the gold price will move back up but looking at this slow economic, but 2014 is too long to wait/predict.

Just to add, if you're not ok with starting 20grams, try Maybank. You can just start with 1gram first.

I'm waiting for the price to drop below RM165 p/gram again.
Else, I'll just grab it next month with whatever price possible.

Hmm, Gold price shoot up again today. I guess it's good time for me now to get some gold jewelry before it went back to price above RM200 now. :S

I remember I saw the price @ RM185 or RM195 during I buy my wedding ring early this year.

I just need some gold chain/gold necklace as a "mas kahwin" only.
Can PM me ah?

Aside from that, gonna go take a look in the shop la this weekend.

yea,

916 gold was < RM180 that time.
999 gold havent reach RM200, but I think now should be above RM200 already. :S

^Yea, saw the pattern these few days indicate the rise. :S *gulp hope I'm not too late for it.

Went to Tomei just now, 999 gold is @ RM198p/gram now.
IF the gold shoot up, it will only affect a bit, but surely the price at retail rate will shoot up even higher.

I'm guess they have variable margin. which means if the gold price shoot up beyond RM175p/gram - they maybe will sell it @ RM210-220.

If I remember correctly and use the correct terms, they are using a margin with uplift. *Don't scold me >.<