My 2 cents:
Smaller weight will hv higher premium when we purchased, however, we will get back the premium when we sold it eventually, and it has the advantage of higher liquidity!

If we think gold will double the price eventually, then a current RM160/1g pamp will cost 320/1g; similar to a 1oz maple of 4k now will cost 8k during that time. ... Question - which will b easier to liquidate - 1g for sure, n getting back the premium too.

Online account quite expensive the spread, UOB bank offers the cheapest spread but need to physically go branch to buy/sell. Sadly they dont have online platform

I hv some paper gold, but believe physical gold would be the ultimate answer when fiat currency crash n the herd rush for gold...

Gold can be trade via some forex & foreign futures platforms.

how ar?

Trade on the gold index. U can start try with demo acc on forex platform 1st. Need really good technical skills as it is high risk which translate to high reward or loss. Local investment brokers also provide platform to trade gold futures but don't hv demo.

http://www.investopedia.com/articles/optio...lverfutures.asp

I have these 2 accounts from Maybank and Public Gold for online trade. Both spreads are 4.2% and 8% respectively. UOB is good but quite a hassle.

I second this. So far keeping Public Gold and Pamp. Would like kijang but stock rarely got.

Where do you buy from? Banks?

I import directly oversea. ...

Ok.

few questions for you :
1. since u mention competitive price. what's your premium like? i.e 8% over spot price or u hv fix premium?
2. do you buyback what u sell? If YES what's your spread range like? i.e 10% off sales price....etc
3. Are you individual seller or company? need to know coz if receive fake metal at least can still take legal course of action.

sorry for long winded question, imho big investor need to know as it is extremely important especially exit strategy if seller don't buy back how will big investor sell them? they're not going to sell $100K worth of metal piece by piece online am i right?

and also premium. for every $100K invested imagine u can save 4-5% how much would u save right?

import precious metal need any procedure? kastam no kacau or any sort of tax?

Need to pandai-pandai lah... :-)

1. My price I can offer is lower than all the websites I see in Malaysia.... it will fluctuate v the spot n currency n premium like all other websites. .. but I am confident I can do lower as I had a good source overseas. Can't really stated how many % premium over spot as premium might increase due to shortage of physical stocks but low spot price -- which is common.

2. Buyback? I will buyback if u can offer lower than my purcahse price at that moment.... depends in spot / currency / premium of the industry.

3. Exit strategy for Gold is quite easy in Malaysia - pawn shops / Arahnu / forumers / friends... Certainly if u dump 100k worth of goods at the same time, don't expect a good price - demand VS supply principle applies.

4. I am investor myself n tired of paying high premium to local sellers.. so hv put effort in securing good source overseas...

5. Fake gold? Valid question, so always buy items v high security features which ia difficult to fake. I like 1g gold with assay n serial number. 1g low premium gold bar doesn't give much motivation for syndicate in China to fake... They would prefer to fake big bars n high premium coins....

6. u can take legal action against individual who sell fake items too, right?

This post has been edited by XtraLeoGecko: May 11 2015, 06:00 PM

do u have a lot of $$ to do buyback?

This post has been edited by sinbad2k: May 11 2015, 11:12 PM

Hmm... I do not need a lot of $$, I just required sufficient $$ to tturn around, trade from one person to another. ..

This post has been edited by XtraLeoGecko: May 12 2015, 07:31 AM

-WRONG POST-

This post has been edited by solsekuin44: May 12 2015, 08:47 AM

so, what's your price for all the precious metals that you sourced?

Gold struggles below $1,200 as dollar firms
http://in.reuters.com/article/2015/05/12/m...N0NX02Q20150512