But this round also can last few years?
It's sustainable???

🤔🤔

Hehehehe....

Endless Possibilities 😉👌

Now let's see...

Riding is fun 

Riding is fun, but get ready for the roller coaster if your heart can take it

Hodler is unlikely to sell even price at stratosphere level.

Not necessarily. If it is the real thing, it really does not matter if uncles and aunties buys.
In fact, if uncles and aunties buy. Shouldn't it drive up the price further. You are not that smart aren't you?

Didn't even hit all time high. Let's wait for RM400-600/g this round.

Some countries are buying gold as a hedge too, so still got more upsides 

Im unker with many nieces and nephews. I bought gold already..

One is a gold producer, the other is having trade war. What other better choice they have?

i wondered how you guys buy gold
physical gold ? or like "HelloGold" apps

Bursa has its own gold ETF counter too right?

Weddings I gave depreciating MYR enuff la.. 😂

Hello Gold lovers!

I am new to the forum and I'd like you guys to check out the TradePlus Shariah Gold Tracker which is a Gold ETF listed on Bursa Malaysia.

There are lots of information which you can find regarding this Gold ETF and I thought to list it here:

a) https://www.tradeplus.com.my/gold-tracker.html - You can read up on information of the ETF, fees and charges, how to buy, NAV price. You can also download the monthly fund fact sheet, prospectus, brochure, annual reports, and even a monthly gold bar list where you can find the gold bars that the ETF holds, its brand, weight and purity.

b) https://klse.i3investor.com/blogs/ETFs/224196.jsp - A post on what you need to know about the GoldETF. There are educational pieces for your reading pleasure.

c) Bursa Marketplace - You can also find research reports written on the GoldETF from Bursa Marketplace's website.
Some FAQs which may help:

1. How can I buy this ETF?
You can buy/sell this ETF through a trading (CDS) account with any Malaysian broker. The process is exactly the same as buying/selling shares.

2. What are the fees and charges?
When you buy/sell this ETF, you pay brokerage fee, clearing fee and stamp duty just like when buying/selling shares on Bursa. Stamp duty is WAIVED for all ETF transactions till Dec 2020 which means cheaper transaction costs for you. Indirectly, you will also incur the Fund's charges such as management fee (0.3% p.a), trustee fee (0.06% p.a.), custodian fees (0.2% p.a.) etc, which are deducted directly from the fund and does not require any payment from you.

3. Is this GOLDETF physically backed?
Yes it is! As at 6 Sep 2019, 99.87% of the Fund's NAV is invested in physical gold and 0.13% is in cash. What's the cash for? It is used for payments for the indirect fees mentioned in Q2.

4. What is the minimum amount to buy/sell?
Just like shares, you will need to buy/sell a minimum of 100 units. For example, if the selling price is RM2.04 per unit, you will need to buy RM2.04 x 100 units. So, with just over RM200, you can buy this ETF.

5. How much gold do I own if I buy 100 units of this GOLDETF?
As at 6 Sep 2019, 100 units of the GOLDETF = 1.01107 gram of gold (274kg / 27.1million units x 100units). This may change as the number of gold held by the Fund as well as the total number of units in circulation could increase/decrease when there is subscription or redemption to the Fund.

6. Does this GOLDETF pay dividend?
No, it does not. Gold does not pay you any dividend.

7. Is this GOLDETF Shariah-compliant?
Yes, this ETF is Shariah-compliant and it is endorsed by Amanie, who is the Shariah Adviser for the ETF. The Shariah Adviser also audits the ETF on a periodically basis to ensure that the ETF remains Shariah-compliant.

8. Where are the Gold bars kept and is it insured?
The Gold bars are kept in a highly secured vault in Singapore by the Custodian and the Gold bars are also insured.

9. The trading volume for the ETF is low. Does it mean that I won't be able to liquidate/sell my ETF when I need to?
No. There are market makers appointed for the ETF. The market makers are there to continuously quote the buy/sell price to investors to ensure that investors can easily buy/sell the units.

10. I can't seem to buy this ETF through my broker's trading website/app.
As this ETF is Shariah-compliant and requires transaction to take place on-the-spot, some brokers may have suspended the stock code for immediate purchase. You may need to call your broker to enquire as they may need to check for ready cash before allowing you to buy.
Last but not least, feel free to ask me anything about ETFs or this GoldETF!

1. The spread is not fixed at 1% and I would say that it gets better when there are more participants trading it. Market makers need to maintain certain spreads to make money as compensation for providing the ongoing liquidity. However, other investors are more than welcomed to narrow the spreads.

2.  PWC is the auditor for the ETF. So the vault is audited by PWC as well as our Shariah Adviser.

No doubt the SPDR Gold ETF offers the lowest spread. But there are 2 things to note:

a) Currency spread - Have you considered the spread of the exchange rate when you convert your RM to USD and then back to RM? A quick check on Maybank's buying and selling TT rate spread for USD is 3%. Of course, if you have USD to begin with, I would say SPDR Gold is a great option and if you have a big amount to convert, you can always negotiate a better exchange rate with the Bank.

So confident that gold will keep going up? Think you can hide your money in gold during a trade war?  Every investment is a speculation, you need to face the reality that you are actually speculating.

Gold will come down to 1300. You will keep holding your losing long position and your happy face will turn into pale, and i will laugh at that time. Then you become panic and the emotional outburst is so great. You call it enough and sell. Then i will buy. That should happened somewhere in April 2020. Hahahaha...

I am wondering instead of selling back to whoever buy it, and they earn the spread, we can actually post people who want to buy and want to sell here.. and take a middle ground between buy-sell, then both buyer and seller have a win-win situation.

But of course as always, caveat emptor

Cause I look at the spread even for UOB, is RM200 spread for 1oz & 1/2 oz. Assuming transact 5 pieces, thats RM500 savings for the buyer and seller each.

Dem, gold more expensive now, I remember it was just on average below rm170