accordingly to many PM adviser, you should set aside 15 - 20% of your net worth in Precious Metal.
It's primarily focus such be asset diversification, insurance against sudden capital control, currency devaluation and hyper inflation and most importantly preservation of wealth.

Just like insurance, you buy them b4 accident, b4 sickness and death.

Secondarily, it may serve as investment for some but like anything if it's brought at low price, it means some profit, vice-versa. Most of them hold them tight until the price is high enough to sell.

Thirdly, for some it's a trading opportunity to buy and sell physical gold.

Gold holds steady, but Chinese demand slows

Gold was holding just below a six-week peak on Tuesday amid higher equities and worry that physical demand could ease due to the recent rally in prices.

Investors were reluctant to take big positions in bullion a week ahead of a Federal Reserve policy meeting, when it could announce another cut to its bond-buying stimulus.

"Gold is likely to remain pressured in the days ahead ... from traders positioning for FOMC (Federal open market committee) commencing in exactly a week’s time," Phillip Futures investment analyst Joyce Liu said.

Gold purchases in China, the biggest buyer of the metal, have slowed from last week’s levels as gold prices have gained for four straight weeks.

If you don't need the cash, just keep them.. I will recommend physical gold compare to paper gold.

May I know which bank you bought it from? and do you intend to sell the gold back to the same bank?

Yes, people do. Especially in China.

If you don't need the cash, better keep it.

i wonder, when is this the best month to buy gold?

Probably after CNY.

hm....sorry to ask a noob question:

is it better to buy physical gold or paper gold frm bank?

The physical price of gold as at 5pm stood at RM128.10 per gramme, down RM1.04 from RM129.14 at 5pm yesterday - Bernama

+1

So many advantages and only 15 to 20%?

If you dun need to use the $$$, keep it & at d same time, buy some more especially during this low environment.
Do some cost averaging lor.... the most basic technique.
If each mth u can buy even 1-5g, probably by end of the year, u lower your per gram to rm140-160 maybe

i've been studying the gold price for quite a while now (more than 6 months)

within these period of time there were only once the gold price went up continuously which surpasses the usual spread of of RM5.

hence, when ever it does normally it wont keep on increase much after that.

compare roughly 1 month ago and today's price. the gold did price did increase to around 4-5 ringgit.

hopefully it will keep rising but then again, curbing with inflation with this method doesnt seems very practical to me. because of the spread.

now its like not moving much might as well put into other sources

I would say depend on what you are looking for.
Physical gold for saving purpose, while paper gold is more for investment.

Time to stock in some huh.

Yea, I agree that gold price are a bit boring recently. Think I'm going to dive in again sometime end of the year...

n00b question
Has anyone bought from https://www.buysilvermalaysia.com?

Are they reliable/trustworthy?

The physical price of gold as at 5pm stood at RM128.26 per gramme, up 16 sen from RM128.10 at 5pm yesterday - Bernama

I bought twice from them. Fast delivery and well packaged. You get small discount by using bank transfer as well
Price is competitive.

P/S No conflict of interest.

Gold futures contracts on Bursa Malaysia Derivatives remained lower at mid-day today on technical weakness amid a strengthening US economy.

A dealer said gold's positive start to 2014 looked to be fading due to the prospects of further Federal Reserve stimulus reduction, a sign of an improving US economy.

At lunch break, January 2014 was 13 ticks lower at RM132.35 a gramme and February 2014 was down 12 ticks to RM132.70 a gramme.

Turnover stood at 72 lots while open interest totalled 1,074 contracts.-- Bernama