Yup..definitely it is different between retail price and paper gold price. You can buy physical gold/jewelleries at much more competitive price at public gold, GCP, one asia gold, sri ayu etc..the price for 916 roughly in range rm160+ only per gram 

This type of commerative sets have no real GOLD value, right ?

I'm going to try Genneva tomorrow...

I bought physical gold and silver from this company: www.goldsilvercart.com. Anybody heard about this company and any comment?

I went to Tomei. The rate is the same. Per what I understand, Malaysia have Federation of Goldsmiths And Jewellers Associations Of Malaysia. They set the standard gold price .

Refer following for the gold price as yesterday :

Gold Price : 999 Gold:RM195.00/gm 916 Gold:RM185.00/gm

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Added on July 19, 2012, 8:41 am

Yes. This is the problem. When we want to sell, it will follow rate set by "Federation of Goldsmiths And Jewellers Associations Of Malaysia" and it will hit us 15% !! Example : If bought at RM195/g, the break even gold price will be at RM215.25/g.

Physical Gold vs Paper Gold Part 1

There are basically two ways to invest or save in gold; Physical or Paper.

WHAT IS PHYSICAL GOLD?

Physical Gold is simply put actual gold that you can hold in your hands. Examples are:

1. Gold Bars
2. Gold Coins
3. Gold Jewelry

Gold Bars are gold moulded in rectangular shape. Gold bars include ingots and wafers. Gold bars are usually made of pure gold or 9999 gold. The surface of the bar is usually stamped with the Manufacturer's Seal, the Gold Purity and the Weight. Most common sizes are 10gram, 20gram, 100gram, 500gram and 1kilo. Pure gold bars have no premium i.e. they are closest to spot gold prices as there are no workmanship charges or intrinsic value. Common gold bar producers are PAMP Suisse, Heraeus etc.

Gold Coins are gold moulded in round coin shape. Gold coins include gold rounds, medallions, and doubloons, however they differ in price range. Gold coins are usually minted by a Government or Government backed agency and is sometimes considered as legal tender. These gold coins have a premium over actual gold prices. Gold rounds can be considered as round shaped gold bars, they are not legal tender but is made from gold nonetheless and have no premium. Medallions and doubloons usually have intrinsic value as they are made for commemorative purposes so there will be a premium . Gold coins are usually made of 917 Gold or 9999 Gold. The Dinar is made from 917 Gold and usually weighs 4.25 grams or 1/8 of an ounce. Other Gold Coins like the Canadian Maple Leaf and Malaysian Kijang are made from 9999 Gold and usually weighs 1 ounce.

Gold Jewelry are gold made into jewelry, like chains, necklaces, bracelets, earrings, watches etc. Usually combined with other metals and precious stones. As jewelry is primarily used as decorative items, there will be a bigger premium on the base gold metal compared to Gold Bars and Gold Coins. However there are jewelry that are suitable for investment or savings i.e. gold jewelry that are very basic in design and have very low or virtually no workmanship charges. For example a basic gold chain with no stones or pendants can be very close to actual gold prices.

WHAT IS PAPER GOLD?

Paper gold is another term for savings or investments in gold that does not involve the physical possession of the gold. All you have is piece of paper saying that you have savings or investments in gold, hence paper gold.

In my opinion there are only three types of paper gold i.e.:

1. Gold Savings/Investment Accounts
2. Mining Stocks
3. Gold Funds

Gold Savings or Investment Accounts are usually products offered by banking institutions. This is also known as Passbook Gold. Banks issue passbooks to their customers who save or invest in gold held by banks. Since the gold is measured by the grams, customers can hold to any number of fractions of gold. Examples of banks that have these products are Maybank, CIMB, Public Bank, KFH etc.
Mining Stocks are shares of a public listed gold mining company that is traded on a stock exchange. The mining company owns or has a lease of a gold mine, and when you hold the shares of the company, in effect you have a share in the gold mine.

Gold Funds are mutual funds or exchange traded funds (ETFs) that invest solely in gold. These funds may hold physical gold as well as mining shares and other gold derivatives. When buying in to these funds you own part of the assets these funds have access to.

So the issue comes to what is better? Physical Gold or Paper Gold?

I will discuss the issue further in my next post.

Today i just called uob. They actually have stock for maple 1 oz at the main branch. Might drop by one of this day. Also checked at poh kong 1 oz coin is close to rm5900.might as well get from uob

Agree! Jewellers
They are jewellers.. after all.

If one want to trade GOLD.. just go to the stock market. It is very liquid and you can trade very close to spot prices.
No need to handle crazy physical gold. All electronic trading or over-the-counter.

The another good thing to do is also to invest (or trade) in publicly traded Gold mining companies.
Their profits also correlate to gold prices..and also got dividends (real dividends from performance, not silly "heebahs" scam like from you-know-which-one). There are lots of well run gold mining company around.

Hi anyone knows any place where they can custom make gold design of your choice and imprint photos on the gold?

Guys, one question. where do u sell back your physical gold? Selling back to goldsmith like Habib Jewel and Poh Kong have susut nilai. really WTF! how come? not wearing the gold bar. then they also check how long we hold on to the gold. the more year you hold, the more susut nilai. and they check if u buy when gold price was cheap, the susut nilai is higher as compared to the gold when u buy at an expensive price. it didnt really sound like an investment to me but a liability! i am investing more on property so quite a newbie on gold. please advice. the gold bar is PAMP suisse with receipt