As I understand it, gold is not for investment. Gold is for wealth preservation.

"Gold is a preserver of wealth that is compact and historically viewed as valuable. It’s not an investment in a traditional sense. If you want growth of your capital you should rely on stock investing and bonds. If you want preservation of capital, then gold can help by protecting you from high inflation or other unexpected events."
Source : http://www.crawlingroad.com/blog/2009/05/2...rchasing-power/

This post has been edited by roscha: Jun 26 2014, 12:03 PM

Better to buy bars or rounds.

Numismatics are only for collectors. I don't think the market here is mature enough for that. If you are thinking of buying to sell one desperate day, that is.

But if you are buying to keep it because it looks pretty and you just want a collection, then no problem.

Yeehah! Good news for stackers!

This is my personal opinion...but I feel it is better to buy real gold rather than digital gold.

If you read the fine print, the banks reserve the right to pay you in cash instead of the actual metal. Honestly speaking, why would I buy gold and not see it?

However if you are buying for investment purposes, then you will not want to deal in actual coins and bars. BUT if you want to do investment, gold is not really a good vehicle. Unless you are prepared to keep it for many years.

This post has been edited by roscha: Jul 30 2014, 11:01 AM

Some people prefer to deal with the banks. I have done both, buying from the bank and buying from online dealers. If I buy from the bank, I get the gold straightaway and a certificate. If I buy from online dealers, I get lower prices but suffer pain until I get the goods. I have yet to lose any bar in the post though.

I have sold to the banks also when I needed fast cash. But they are very fussy...they want certs etc.

The goldsmith shops sell at higher prices...they keep saying they don't charge workmanship but their prices are higher compared to the banks.

Some dealers buy in bulk (cheaper prices) and sell at normal price.

Some buy when the price is low and sell when the price is low.

I stay away from the gold programs. Usually these sell their own brands. Only they will buy back their own products. I prefer well known brands which are accepted by most banks and shops. Like PAMP Suisse or Public Gold.

It's digital gold. Not real physical gold. In the fine print the bank reserves the right to give you cash instead of the actual gold. But what if you want the metal itself?

But if you don't care...and just want to play the game of buying n selling quick...then you will prefer this. Well that is my assumption.

I haven't bought gold bars from BuySilverMalaysia but
I have bought silver from them a few times. They were professional in their dealings with me. Got my silver in solid packing. They handled my requests well. I would recommend them anytime.

In fact when I want to buy silver, I would check the prices and offers of these three; BuySilverMalaysia.com, SilverStreet com.my and Bullionx.my. Members of any of them will get special deals.

Hope that helps.

This post has been edited by roscha: Aug 10 2014, 06:13 AM

You could buy from Al Rajhi Bank. They offer pretty good prices compared to the goldshops. And they sell PAMP Suisse with certification. But there are online retailers who can sell cheaper. But be careful of who you buy from.

Coincidentally Al Rajhi Bank in my hometown used to keep gold bar stocks but not anymore. That was the situation the last time I asked two or three months ago. Stocks going low. Hmmm and people keep telling me nobody wants to buy gold. Yeah rite.

LOL if I buy gold, I always buy on a Friday as the price tends to dip towards the weekend. I don't exactly know why.

And I have no choice but to buy from Al Rajhi bank in my hometown because it sells the lowest-priced gokd bars. Plus i want PAMP Suisse brand. I'm too chicken to trust Poslaju with my gold ...although silver is no problem.

So do not suspect I hv any connections to the bank.

This post has been edited by roscha: Aug 13 2014, 12:29 PM

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?

Actually there are many reliable PM dealers online. It just so happened that when I got tired of doing online research, I had about 5 dealers on my list. I decided upon 3 because it is tiring to keep checking the prices every day and every hour (of the times I wanted to make purchases).

My way of looking for trustworthy dealers is to track them (their username or company name) online. I will search for any positive or negative reviews or feedback connected to them. One negative feedback which is due to dealer mistake or attitude is enough to strike the name off my list.

My experience is with forums, not PM buying. It takes a long time for a dealer or seller to build up his username reputation. He will not want any negative feedback connected to his precious username. He has invested too much in it. He would rather give you back your money rather than risk you being angry.

I will also check the IPs of the websites. Serious dealers will have real data connected to their websites.

So I picked dealers who have been in business for at least 4 or 5 years. Dealers who have been featured in mags or newspapers. Dealers with way more to lose than me in an argument over a transaction hee hee However don't get me wrong...I value my username too and will not readily get negative feedback from these dealers.

- PM Accumulator Sdn Bhd is the owner of bullionx.my. He has too much invested in his marketplace website to cheat ppl over a few measly silver coins. Plus he has an accumulation program I like.

-BuySilverMalaysia has gotten great reviews too. Plus I loove the gorgeous splash page. LOL who says my choices have to make sense.

-SilverStreet.com.my same reason as BSM. I found it after reading an interview of the owner.

You can find so many more dealers (with or without websites) using the same method. I just like looking at the catalogs.

Due diligence is key!


This post has been edited by roscha: Aug 18 2014, 06:06 PM

More silver. The reasons are :

1. Gold is way out of my budget.
2. Gold silver ratio says better to buy silver now.
3. Silver is more undervalued than gold.
4. Silver is becoming a necessity in our world (solar panels, water purification, jewelry, batteries etc) but the supply is dwindling. Gold is only needed in jewelry and bars.

So it seems to me that silver is a better choice.

However if you have LOTS of money and want to buy metals to preserve value, gold would be the clear choice as it would not take up a lot of space. Imagine buying RM 1 million of gold (about 210 1oz Pandas) vs RM1 million of silver (about 12500 1oz Sunshine rounds).


This post has been edited by roscha: Aug 18 2014, 10:51 PM

Yes, I'm with you on this! Don't put all your eggs in one basket!

I have bought silver from them a few times. Delivery quite fast and packing well done. No complaints.

"Physical buying lacking"???
Sales of PM coins are at record levels. Do these analysts check their data?

Joke of the day for me.

This post has been edited by roscha: Aug 19 2014, 07:34 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.

First thing you should ask yourself...what sort of business will they do with your money? What product?

Second, is this registered with Bank Negara?

Returns are too unbelievable. Sounds like ponzi scheme to me.

They will get profit as long as they get others to join the program.

But that means getting money out of other people's suffering and losses. (Those who are the last to join will lose everything.) They will also lose people's trust in them.

What sort of people are these???

Sigh...one of our Malaysians' weakness is poor financial education.