Nice feedback. what i noticed is that there seems to be 2 different general pricing when it comes to gold in Malaysia. With the jewelers such as Habib, Poh Kong, Wah Chan and others they have a spot rate that is based on the FGJAM which is the Federation of Goldsmiths and Jewelers Association of Malaysia. The spot price is usually published by this group and it is way higher than the actual spot price displayed in mks or kitco.

I have seen where at bullion dealers such as mysmartgold.com.my, buysilvermalaysia.com, nubex.com.my you are able to buy 100g PAMP Suisse Cast bars for less than RM 13,500.00 a piece but at these jewelers they are selling the same for between RM 16K - RM RM 19K. The disparity on the price makes sylar111's advice wise.

With regards to the storage aspect of physical pm's that is the only problem that we have to overcome but for me it is still worth the effort to be creative in the storage of these physical bars. I still believe in a saying that I had heard in Mike Maloney's videos "IF you don't hold it, you don't own it". So with that in mind, I have had fellow collectors be very creative in the way they store stuff. Some of the more creative ones:-

a. Digging a hole in the ground and putting it there
b. Put a little in the water tank of the WC
c. In the freezer
d. Amongst the children's toys

I do agree with lots of the forum members that the collecting of gold is usually done as a hedge towards the economic uncertainty that is looming but naturally I treat gold just like any other investment. It has its cycle and its time. My personal experience, I remembered buying the little bits of gold in the mid 90's for about RM 35/gram and how upsetting it was when in the late 90's in went up to RM 95/gram and now the price?. . ooohh how I wish I could repeat the early 90's again, when gold price was low and I was better looking.. he he he

Happy Stacking/Collecting..

Just to add, another place to find very reasonable price of 100g pamp suisse is via fb. Trust me sometimes the price is too good to be true.

can you give me the fb page?

It is even better now compared to the late 90s. During the 90s, we never knew that there were financial instabilities etc and buying gold was not so important during that time.

Actually if you buy the right stocks, it can double even triple, even 10 times. But problem is. When there is a correction, you may lose a lot of money as well.

Stocks are really too high. Imagine, Apple going to all time highs despite competition from China and Korea.

This post has been edited by sylar111: Aug 27 2014, 10:59 PM

U can search on there. Lots of pages dedicated for gold selling and buying.

This post has been edited by fnm83: Aug 28 2014, 09:08 PM

Bubble straining at the seams..I'm holding my breath waiting for the burst.

Plus too much paper currency being pumped into the system.

When someone tells me wah stock market is doing well, all I can do is shake my head.

Gold will drop to $1,050 in 12 months, Goldman reiterated in a July 23 report, unchanged from its outlook to start the year.

http://www.bloomberg.com/news/2014-08-27/g...71-billion.html

mks: we sell price.. or lower.. still make

This post has been edited by Sham903n: Aug 28 2014, 09:02 PM

Hi all, I'm looking into the possibility of acquiring some gold for long term investment. Has anyone had any experience with the list of websites (i.e. nubex) to purchase these items ?

I made a purchase from Nubex before. They are trustworthy. My order arrived about 2 days after I made the payment. They charged about RM10 per shipment using the Taqbin courier.

Havent try the buysilvermalaysia yet. Waiting for the right moment to do so.

Well all I can find are gold silver pages set up by dealers and very few pages that actually deal with actual physical.
If you can provide a few over here it will be great for me.
Thankss

Hi, My thoughts on the 2 bullion dealers that I have bought from:-

1. Nubex:- These guys have a nice selection but at times their stocks runs outs. Other than that, they are very professional in their dealings with me. Their showroom is easy to get to and parking does not seem to be a problem. Their payment options are also great. But their prices are split into 2 different categories; nubex members and normal buyers. So far I have no issues with them at all but with that said, I have never tried their delivery service, its always self pick up.

2. Buysilvermalaysia.com:- These guys are also very professional. I like the fact that their offering is only 1 price and at times based on the spot, the items they sell are very competitive. Their ordering system is easy and payment is also simple. The only drawback is that their products are very specific and they don't carry many different brands. Otherwise a very good experience when I bought from them. Again, I have never done delivery, its always self pick up.

Generally, I noticed that the smaller grams of gold (ie 1g, 2.5g, 5g) are cheaper based on nubex membership price. For the larger grams of gold (ie 10g, 20g, 1oz 50g and 100g) it's cheaper in Buysilvermalaysia.com... Just my 2 cents..

Good Luck and Happy Collecting/Stacking..

Well. A stacker generally will not really buy small grams of gold because the spread is so high. The thing is that when you are looking from an investment perspective, an immediate loss of 1t0% is a big deal. I mean those who are buying in terms of small quantities are generally buying for collection. Normally if you are buying in terms of grams, expect spread to be at least 20% plus.

There is no need for a bullion dealer to have too many brands. They just need to offer value for money that's all. That is actually their main job. If you are looking for collectors item you should be looking for a jewlery shop, not a bullion dealer.

I am open to buying in Malaysia if there are people who are willing to trade with me and give me a competitive price.

Thanks for the feedback as usual. I guess everyone may have different definitions for various terms. For me as a little stacker, I like to purchase various sizes and grams in order to ensure that i have a diversified collection and it is usually separated into a Collecting Column and Fiat Conversion Column. Again, investment would also be defined really by the time that you are looking to hold on the investment. For me long term means between 5 - 10 years before consideration of selling unless there is a real need for fiat, then it would be sooner. I have redefined the definition of money for my family and I, and for us money = grams of gold/silver. So we just kinda keep stacking/collecting as we go along.

With regards to the brands it is just a personal preference, sometimes I like to have different looks and feel when it comes to my precious metals (Money.. he he he), so my goal is to be able to collect/stack bars from various manufacturers because it is just cool for me. And jewelry shop in Malaysia as you already know does not have many different versions of LBMA certified bars (mostly local ones, they are nice but usually a heavy reduction in price when we travel and try to sell them because they haven't heard of that particular brand).. In my experience they usually sell the PAMP SUISSE. But Nubex carries so many different versions as I had mentioned. Just to have different versions when we stack/collect.

I agree with you on the final point, I think everyone wants to trade and get a very competitive price, but in Malaysia at this moment, the pricing is not very competitive unless you meet some desperate sellers that is in need of fiat. I am afraid I have not been able to meet many of them, but I am hoping to meet them in the future... he he he..

Happy Collecting/Stacking..

Well, the investor mindset is, minimize charges to the bare minimum but at the same time not get cheated. If you buy in terms of grams, you already lose out in terms of spread. Imagine. You could have bought much more if the spread is small in the first place. Of course investment is a more complex subject then that but then I believe minimizing initial charges which is the spread should be a must for anyone who is interested in investment.

Well, the thing is, if I know that it will take 5-10 years before gold or silver realize it's potential, then why should I put my money into gold right now. I might as well put my money into stocks and after say 3 years, start to transfer all of that money into gold or silver. The thing is that if you had put your money into stocks 3 years back insteaad of into gold/silver, you would have much more money to buy gold/silver right now.

Well. Brands are not important. From a gold/silver dealer point of view, note that they do not look at the brand. They look at how much actual gold/silver you have. No matter which brands you have, they are going to buy back at the same price. Actually the only reason why brand matters is because of the risk of getting cheated. For example for Pamp Suisse, they have certificate of authentication. So if you are inexperience, you know that most probably you will not get cheated if you can verify the certification of authentication with the Serial number. But for most gold/silver dealers, they have the necessary equipment to see if your gold or silver is authentic. And Pamp Suisse can also be fake.

Because Pamp Suisse is so famous, it is also more expensive.

Unless that happens, I would prefer to buy in Sg.

This post has been edited by sylar111: Aug 29 2014, 12:05 PM

Hi, if you are interested to invest in PAMP Suisse 999.9 physical gold bar, you may purchase it from Al Rajhi Bank that trades physical gold with certificate. We do not charge any workmanship cost on top of the gold price like poh kong and tomei. Today's gold price for 20g = 2853.90.
For more info can pm me as I am a personal banker at ARB.
TY

For those who are interested to invest in real physical gold/not gold account can PM me. FYI Al Rajhi Bank sells physical PAMP suisse gold bar - purity 999.9. For gold price, can refer to our website -
http://www.alrajhibank.com.my/personal_goldprice.shtml

open a gold investment account yo trader paper gold

Just curious. Are stocks always available walk-in on-demand?

Reminder to all: Justin Patrick's book is free on Amazon these few days. I'm about to start reading it.

Later: finished in 1/2 hour. very basic.

This post has been edited by oneeleven: Sep 2 2014, 06:10 PM