Hello, I would like to ask about some of the gold seller. There is one that we buy gold for rm13.5k and after 3-7 days we get rm10.5k back and will be getting rm2.5k monthly for 7 months. Can somebody explain to me about this thing? Is it worth to invest?

Sounds like a get-rich-quick scheme to me...ponzi

Let me ask you, if you were a businessman, would you find such a business viable?

If I were a business man, I think one of the easiest way to get money is from investor and by doing something like this, the person who did that probably will get more than the investor. But by doing like this gold, I still have my doubt about how they can generate such money. One of the person who did like this is 'Tok Belagak'. Don't know can be trust 100% or not but some of my friend already invest in it with rm6k and already get rm2k per month (2 months already). I still have my doubt. Probably for short term only if want to do it

i know this Tok Belagak and his business on gold...

Care to explain? Is it trustable?

Care to explain? Is it trustable?

im gonna say his kind of business there is a 50/50 of risk...

before this he was promoting delayed order but later his business was under BNM alert...then he change delayed order to restock buy...the same concept with delayed order but the name was changed so BNM will not see it as a lending money scam...let say u buy from him at 150/g he will bought back ur gold at 170/g after 1 month...u have 2 option either it rotate automatically (the gold at his hand) he will give ur profit 20/g every month for 1 year or manually (u have the gold in your hand) but u need to give it back to him to get the profit 20/g...then u buy back that gold from him maybe with the same price /g and do that again..usually he will keep the price until further notices...now he have new kind of shceme u can ask him directly or add him on fb under the name of Tok Belagak....i heard he is a quite successful person in property and gold...

however personally im doubting with his gold business operative so that's why i never join him and stay with Public Gold...but please dont take me wrongly, i never accuse he as a scammer...whoever want to join can ask him directly...he is quite active in FB...

This post has been edited by haziqnet: Aug 15 2014, 12:29 PM

this question got me into this thread as well. any old timer can answer this?

some of my friends start to promote this. not sure if legit

btw from my understanding, investment with zero risk (guaranteed return/profit) is illegal

correct me if im wrong

IF it is too good to be true, it probably is.

Don't invest/buy what you don't know.

Nobody is going to give you free meal.


I'll just leave it here.

for me personally to take advantage on physical gold to earn profit it will need a big capital...when the price is keep falling we buy the gold again and again...make sure the falling price is more than 5% before rebuying...later when the price is going up again u can sell it one by one and earn profit...to take advantage on this make sure u invest either gold bar or gold coin because the depreciation only around 6%-4%...



This post has been edited by haziqnet: Aug 15 2014, 02:49 PM

as long as u get the physical gold at your hand yes it will be no risk...but if they invest for u than it is ur choice want to join or not...if u ask me, it just like lending money scheme...u give them money and u get nothing but they promise u to gift return/profit...if anything happened to their investment u will bear the loss not them...

Hi Roscha,

You seem experienced in buying precious metals online. Just wondering whether you have any online gold dealers to recommend to a newbie?

Thanks and cheers!

Hello everyone, I'm new to investing gold, still looking around and waiting for the right time to buy. Recently I have come across websites such as buysilvermalaysia com and mysmartgold com.my selling gold as low as RM133/g. For example a 20g gold bar could be purchased for around 2.8k. However if compared to shops like poh kong and tomei they would sell a 20g for 3300. As far as I know these shops would buy your gold back at their current rate less 8%(just check with them) . Since pamp suisse is widely accepted does it mean I can buy the gold online at lower price and sell to the shop while still making a profit? Or did I miss something out. Or is this just too good to be true and the websites are not legit but according to my research they're legit. Sorry for the long question, hope somebody can enlighten me on this issue. Thanks!

Hi bro how many gram that you would like to purchase?

Hi bro, at first place how many gram that you would like to purchase? You need to understand that buying price and selling price is different, here the calculation;

January 2014 (EXAMPLE)
Buying price $42.8 / Gram
Selling price $42.3 / Gram

December 2014 (EXAMPLE)
Buying price $45.8 / Gram
Selling price $45.3 / Gram

Let say u buy 10g = $428 (Buying Price) on January and sell on December 10g = 453 (Selling Price), hence you will get profit of $25.

Hi bro, at first place you need to be careful since the case of Geneva i'm afraid to invest in Gold especially in Malaysia, the main concern is Bank Negara. I believe Geneva did pay all the investor accordingly but yet the Bank Negara freeze their account.

But there are few international company offer this kind of Investment to people, and i believe its the best option since Bank Negara can do nothing about it cause the company is not located in Malaysia and not doing the business in Malaysia

at first place be careful when doing Gold Investment in Malaysia afraid later kena tangkap mcm Geneva

Doing Physical Gold Investment with International Company is much more better because Bank Negara got nothing to do with you investment nor freeze the company account

According to Poh Kong and Tomei, they'd buy the gold back current at 165 per gram and will less 8%.however buying from the websites are alot lower. Their price is 133 per gram. Does it mean I just buy now from the websites then sell to the shops now immediately and make those profits

at first place u need to ask Poh Kong and Tomei what kind of gold they accept, what if the offer are only valid for Poh Kong and Tomei customer