wow now DEPB also had been discussed in here...personally im not trust them 100%...the main point because their business is not transparent...to earn profit with gold is always on this basis buy low, keep, and sell high...

HOWEVER,
if they do have regular customer who buy consistently buy gold with their company, yes this buy and restock program could be legit.

SIMULATION:

Factory sell price = RM120/g
Investment sell price = RM140/g
Sell price to regular customer = RM150/g

Let say if u invest 1000g with a total of RM140000k (the investment price purchased RM140/g), so if they can sell ur investment gold at RM150/g the investment return by selling gold to regular customer will be RM10,000.

1. 1,000g of gold investment price - factory price = investment return1

RM140,000 - RM120,000 = RM20,000

2. Amount of gold in the investment X profit from sell to regular customer = investment return2

1,000g x RM10 = RM10,000

3. Total of return investment = Investment return1 + Investment return2

RM20,000 + RM10,000 = RM30,000

4. Investment price + Total of return investment / Weight of gold = Buy price for investment in gram

RM140,000 + RM30,000 / 1000 = RM170/g

5. Company Profit = RM10/g

RM170-RM10 = RM160

Buy & Restock program

Sell Price = RM140/g
Buy Price = RM160/g

P/S : In this simulation the investor will earn a profit for 1000g of gold RM20,000 a month and the company will earn profit RM10,000 a month.

How can they do this method if the gold was at their investor hand? The answer is they also have the same amount of investment gold in stock. When they sell their gold in stock and turn it into cash, after a month the investor give back the gold and they give them the cash and this will rotate again and again. Both will earn profit. If this were the method they r using in manipulate gold price, it is legit because even the gold price is keep dropping wont be a problem as they just need to set a new Sell and Buy Price for their Buy & Restock program...

sorry for my bad english and messy grammar...

This post has been edited by haziqnet: Sep 8 2014, 12:35 PM

waiting the gold price hit below USD 1240/oz like May 2014, then gold bar for flip

This post has been edited by peri peri: Sep 8 2014, 09:54 AM

Nobody knows unless you are one of the few who have access to millions to manipulate the market.





You are on the right track, my friend.

I agree with that and the problem is gold price keep dropping. Even increase, how can they make profit more than 2 times in just 3 months. Cant really understand that. Scare 2-3 years later, company close like genneva

Gold - $1275 Level Now Providing Resistance

After running into resistance at $1290 for several days, gold has fallen sharply over the last week and in doing so has broken through the support at $1275. It tried to rally higher last week however it ran into further resistance at $1275 before falling lower to a four month low around $1258.

A couple of weeks ago gold was enjoying a resurgence as it moved strongly higher off the support level at $1275, however it then ran into resistance at $1290. In the week prior, gold had been falling lower back towards the medium term support level at $1290 however to finish out last week it fell sharply down to the previous key level at $1275.

as a said earlier, brace your self.. thous who bought high.. my condolences hehe

http://www.caseyresearch.com/articles/hold-fold-or-be-bold

Waiitng to drop few more RM before grab more.

Maybank Gold Investment Account
DATE SELLING (RM/g) BUYING (RM/g)
9-Sep-14 131.51 126.00
Last update : 09-Sep-14 at 08:43:37 AM

Yes, this is legit. Please see previous replies.

This is not a money game as you are dealing with bank, the gold will be on paper, not physical. Why would you want physical gold anyway, where you gonna keep?

I think downtrend imminent until next end of year...stock market us being doing quite great recently...

hi guys, I'm interesting in investing gold now
is it good to invest with cimb bank ?
i new to gold invest . any advises?

This post has been edited by QQHTJ: Sep 9 2014, 07:18 PM

cimb price slightly lower than publicgold. buy and sell diff almost same.

Drop few more RM? i already bought some today at RM130.20/gm..cant resist it, last year Nov i bought at RM130.80 sold off in Feb at RM137.10, a return of 4.8% in 3 months, it went up further after that...!

publicgold is under pb? buy physical gold better or invest with paper gold ?

Publicgold and public bank is totally no related.

which gold seller is recommended?

Public bank offer gold in paper and it is a bank

Public gold which is no bank.

if i prefer gold in paper. which bank is preferable?

Public bank, maybank or cimb can do online.

Uob have small spread but no online.

Meaning the sell and buy price is only different by around RM2 per gram

gud time to buy gold now?