QUOTE(Ikm-99 @ Mar 12 2014, 11:24 AM)
Hello, newbie here
i am interested in pysical gold bar and from the pro...it seems that uob offer the best spread rate...so i hope that someone who been buy the gold bar from uob could clarify some of my doubts (coz call them...they din pick up the phone...damn)
so...
1)how low is the spread rate?
2) which type of gold bar they are selling
3) how should i purchase? bank in/cheuqe/credit card/cash???
4) can i sell back to them or other third party?
5)it is often lack of stocks...? once i pay i will get my gold?
6) to the one that been buy pysical gold bar before... how u keep yr gold???
really thanks you

Hello Ikm-99,
Thought you might want to consider other options for buying physical gold bar.
For your info, Al Rajhi Bank do sell physical minted gold bars and cast bars as well.
Answers to your questions:
1. Spread about 8%
2. PAMP Suisse 999.9 purity (available in 5g.10g,20g,50g,100g for minted bars and 500g.1kg for cast bars)
3. Purchase steps: Open savings account (min.dep RM100 only) >> Bank in cheque/IBG money into account >> Bank direct debit savings account >> Certificate of purchase for gold given >> Collect gold on the spot
4. You may sell it back to us for lower spread or sell it to any goldsmith shop out there as it is the most recognisable brand PAMP Suisse
5. As of Friday 14/03/14 - All denominations have ready stock. We only allow customers to buy when there is stock and we have a lot of stock. You may collect the gold on the same day or have it delivered to the branch for collection.
6. You may keep it in safe deposit box at the bank or at home
For further info, you may PM me.
Thank you.