Probably because of the rarity of the other bars are higher than the Lunar Dragon?Which website did you see that it's cheaper than the rest?I reckon the price difference are just because of numismatic reasons.

What kind of gold bar?PAMP?if it's unknown brand like cap bunga raya, ayam, etc.. Stay away from those. You probably can only sell it back to them at a wide margin or other gold jewelry shop. In general, only buy well known and recognised brands like PAMP, etc.

I took a quick look at that promo on their website, the image used is indeed PAMP. But it doesn't list the price of the gold. Can't comment much.

Via maybank passbook?What do you mean by safe?Though they say it's fully backed by gold deposited in PAMP SA, you don't get to see that gold..only numbers in your account. Maybank do sell other physical gold, which is the Kijang Emas gold coin.

The reason for that is silver is way cheaper than gold and many is of the opinion that it's way undervalued. The price ratio at the moment is around 1:76/ Oz. , which means for the price of an ounce of a gold, I can get 76 Oz. of silver (but realistically, we get lesser because no one sells exactly at the spot price and also silver bullions like gold bullions has additional costs for minting the bullion). So, they says that when "doomsday" arrive, everyone will be rushing into gold causing the acute shortages. People who don't have gold would get panic and would rush to silver instead and because it's cheaper than gold, people will buy a lot and more causing sudden spike in demand and shortages. They said this could potentially pushes silver's price up a lot by multiple folds. So, the gain is believed to be much better than those with gold. And also, silver is much smaller in value and easier to liquidate compared to gold of the same weight.

If you are those who subscribe to the "doomsday" theory, it's good to have some silver if you can't afford gold but I personally keep more gold.

This post has been edited by sinbad2k: Sep 4 2015, 12:41 PM

He meant to say store more food and water. I should've made it clearer in my previous post or should've use better word. The "doomsday" that I mentioned actually means financial "meltdown", but not to the extent of fiat money turning worthless paper. Things still goes normal, but the "value" the fiat money carries is reduced a lot.

According to their website, they claimed that it's backed by physical gold: " Investments in Maybank Gold Investment Account are fully backed by physical gold deposited in Produits Artistiques Metaux Precieux (PAMP S.A)" .

Source :

Maybank Gold Investment Account

This post has been edited by sinbad2k: Sep 15 2015, 06:18 PM

No probs. Not sure if it's fully backed or not. But in any case, personally I like having something physical that I can hold with my hands. I've few with me too. Wow, where did you get it tested?

There are 3 places in KL:
1)Menara Maybank (HQ)
2)Maybank Jalan Sultan Ismail (Bukit Bintang branch)
3)Maybank Bangsar Branch (opposite McDonalds at Jalan Maarof/Jalan Telawi area)

I got all my coins from Bukit Bintang branch. Depending on the weight, it seems they are always in stock when I buy them. It's always good to make a call first before going.



I was referring to Maybank Gold Investment Account. And yeah, if we have the physical gold in our hand, regardless if Maybank gone bust (which is unlikely in near future), we could still sell it off based on its gold content.

This post has been edited by sinbad2k: Sep 17 2015, 12:05 PM

pointless to keep track of the gold price like this(unless u're trading paper gold)....might as well trade shares...

It seems that you've been buying gold for the wrong reason and trying to make a "short & quick" profit out of its volatility. You'll get burned. Better for you to buy shares or go into trading.

wah...30K....tough...tough... I bought at around RM140++/g and bought some more when the price hovers around RM132++/g. Then I learn about physical gold vs paper gold and start to acquire physical ones whenever I have enough funds. When the price went back to RM142++/g, I immediately sold off the remaining paper gold and close my account. In all, it's around 5K+ and I didn't make any gains or losses.

I then used those funds to buy physical gold coin instead because the terms for CIMB gold account is not favorable to account holder and there's extra charge per grams if you want to withdraw it in physical bar.

The minimum amount to withdraw is 100g if I'm not mistaken for their own branded gold bar and not some well known branded gold bar/coin.

not really. They'll usually leave the parcel pickup tag and you'll have to collect the parcel at the designated PPL written on the tag.

Are you buying paper gold or physical gold?If you're buying them with the intention of selling them soon when the price is up a bit, then STOP. You might as well go trading or investing in shares.
If you're buying them as a hedge against inflation (or the incoming economic meltdown according to some ppl), then just go ahead whenever you have the funds. Physical gold is better than paper gold. The only cons of physical gold is the storage of it. That you have to figure out on your own.

Technically, gold spot price is determined by the gold prices in the futures market. In a way, you can say that's the gold's future price (at a pre-determined period). The fact is, physical gold are priced according to the spot price plus some premium which is not too far off usually.

I wrote "spot price plus some premium which is not too far off usually"..




wait, let me grab my popcorn...

was cheaper last week..but it's still the price is good

don't waste ur time commenting on his posts, this person comes here to troll once in a while, or whenever he stumbled upon mainstream news on the fall of gold "price". Once, he selectively quoted paragraphs and sentences to portray that gold is falling from what otherwise, a neutral news article on gold price

if you're looking to make a quick short profit, just forget about gold. if you're buying for hedge against crisis, it's still fine. It's just that you could've got it a bit cheaper last year end.

that fella are one of those herds going for quick gain, that's why. Their definition of 'investment' are % on papers and their worldview are closed around it. It's understandable.


Goldsmith shops?But I reckon you'll get low-balled big time. Shouldn't have bought CIMB gold.....the extra charges to get the physical gold is ridiculous. And the physical gold isn't something like LBMA grade.

Was anticipating a big drop to below 1K for a long time but it went up instead.