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Gold Investment Corner V7, all about gold
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Kenzochin7
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 Aug 17 2014, 03:39 AM
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New Member
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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!
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Kenzochin7
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Aug 17 2014, 03:16 PM
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New Member
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QUOTE(aPiT_OxyMoxy @ Aug 17 2014, 01:15 PM) 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. 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 |
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Kenzochin7
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Aug 17 2014, 05:53 PM
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New Member
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QUOTE(aPiT_OxyMoxy @ Aug 17 2014, 03:50 PM) 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  Hmm true.. But let's say if they do accept gold from outside, does it mean that I can make profit by buying and selling like that |
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Kenzochin7
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Aug 18 2014, 09:40 PM
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New Member
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Looking for advice from my experienced bros here. Has anyone have had any experience buying gold with buysilvermalaysia com and care to share with me your opinion on it, whether they're trustworthy and efficient
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Kenzochin7
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Aug 19 2014, 04:18 PM
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New Member
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Looking for advice from my experienced bros here. Has anyone have had any experience buying gold with buysilvermalaysia.com and care to share with me your opinion on it, whether they're trustworthy and efficient
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Kenzochin7
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Aug 19 2014, 11:26 PM
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New Member
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QUOTE(roscha @ Aug 19 2014, 04:28 PM) I have bought silver from them a few times. Delivery quite fast and packing well done. No complaints. I'm considering to buy from them, but the news of fake Pamp suisse gold is making me worried I might get a fake one. Is it that the tungsten filled gold bars only happens to those gold bars without the protective plastic package or it might also happen to the smaller ones, specifically 20g,which is what I'm interested in. Also I'm worried if anything happens during its delivery by poslaju, will it be reimbursed or anything? |
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Kenzochin7
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Aug 20 2014, 12:31 AM
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New Member
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QUOTE(roscha @ Aug 19 2014, 11:57 PM) Yes, very valid worries. BSM should know that if they are caught selling fake bars, they can forget about doing business anywhere. I'm depending on that to make them be very careful about their merchandise. Fakes have been found in sealed packaging (just check Youtube) so caveat emptor! That is why I buy my gold from big banks. Poslaju actually does not allow the sending of precious metals so if you still go ahead with it, you take the risk. The best is to go to the dealer and get the product yourself. Alright bro! Thanks for the info. I've considered Al Rajhi bank for Pamp Suisse. Any recommendations?  |
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Kenzochin7
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Aug 20 2014, 12:33 AM
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New Member
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QUOTE(basSist @ Aug 20 2014, 12:03 AM) if you are contacting BSM.com, you can always talk to KH Lau (Founder) and mentioned my name to him, basSist Yip FS. Maybe he will give you some free gift  For the tungsten filled gold bars, no worry about it, unless u are going to buy 1kg or 10kg bars. <100gm bars are considered difficult to fill in the tungsten. Anyway, there are some sellers in the market selling some sort of magnet, neodymium magnet to test the gold/silver bars coins if there are any materials inside the pm you bought. u can google about it. poslaju,, i think if lost really happened , normally it is the buyers' risk. anyway you can claim up to RM200-300 from poslaju for package lost. My biggest worry is more on poslaju than the company haha, 200-300 seems quite insignificant compared to the gold. But if I need further clarification I'll talk with KH, thanks bro! |
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