Already in profit? Have you take into account for the charges of RM1 for every 1g?I reckon if you're already making profit, might as well cash out and close the account and use the funds to buy gold coin. It should save you more $$ to buy more physical gold bullion. That's what I did previously.

Kijang Emas is fine. It's a sovereign gold coin with 999.9 fineness. It probably also a good idea to consider other gold coin like Canadian Maple Leaf or Kangaroo Nugget as these are well known gold coins internationally. But it probably doesn't matter if you're not travelling out of the country.

Nope, I didn't request to withdraw physical gold from CIMB. I read somewhere that it's some other kind of gold bar. And you have to have minimum 100g of gold to withdraw a gold bar and in multiples of 100g. Also, RM1 is charged for every 1g of gold as withdrawal fee. So, if one want to withdraw physical gold bar, you're set to lose RM100/gold bar. Might as well cash out and close the account and use the funds to buy physical gold right?

This post has been edited by sinbad2k: Feb 20 2016, 11:46 AM

well, that u have to survey around first. I reckon it's not cheaper.

MY whole point is, you can close your CIMB GIA and take the $ to buy PAMP gold bars with it instead of buying from CIMB(if they do indeed give PAMP) since you're set to lose RM100/gold bar.

443g? Wow....that's a lot.. 14kg! That's like >RM1m worth of gold! You and your friends are loaded??

that's y i ask are you and your friend loaded? Since 50's? I see. I thought all those 14kg belongs to your friend. Your friend is definitely loaded...

Ok fine, it's a relative comparison. I'm even poorer. It depends on who you're talking to when it comes to the word "investment". In general, to people in general, it's an investment. And as with other investments, you could either make gain or loss. To some other people, their definition of "investment" are something that earn % and because gold doesn't, they shun away from gold and despise them, jeer, sneer and ridicule those who owns them based on that. Lot's of people buy them as a hedge against currency depreciation but I got them as a hedge against crisis.
I'm waiting for it to go under 1K....

For "investment", never buy from gold jewellery shops. Try Ar-Rahnu?Or gold coins like Kijang Emas or Canadian Maple Leaf, Kangaroo nugget from UOB?

Can consider gold coin instead. Kijang Emas from Maybank or GML/GKN/SGL from UOB bank.

then let's wait for the price to dive below USD1K for a bargain buy...

You don't own it if you can't hold it.
I personally stay away from bars that is not recognised worldwide (except for gold coins) or at least it has to be from well known mints.

name games....it always works.

It's last year right before our RM falls (around August) and last December.

I've been wondering about this, how many silver dealers are there in klang valley or rather in msia that you could go to liquidate ur silvers?

where will u get ur cash to buy back if all ur customers want to liquidate their PM?

actually, CIMB gold investment account has an option to withdraw physical gold from the "paper gold" account. Min balance to withdraw is 100g and in multiples of 100g. On top of that, RM1 is charged for every 1g that is withdrawn. I was put off for the extra charge previously and was not sure what kind of gold bar they're giving so I close my account and use the cash to buy Kijang Emas instead..

In a way, the paper gold account by cimb is a scam if one wish to withdraw physical gold.

Yes, it's there in T&C. But an unfair one. Designed to "scam" those who doesn't have the habit of reading t&c. Do you know that, in some countries, regardless of what's stated in t&c, the consumer can still take cases to court and the judges have known to judge in favour of the consumer because it's morally wrong?

Yup, only UOB hq in kl sells physical gold and they never restock their gold. I've tried buying 1 Oz. PAMP and they said they don't have stock for along time. They'll only have stock if customers who bought from them sells them back the gold bar. And their smaller gold bars are all out of stock too. Luckily, I could still get some 1 Oz. gold coins. The spread is just 3.6%(today's price)

that's what I read in the T&C of the cimb gold account.

silvermalaysia's spread is like that too. I reckon it's not because of rent but rather that's what most people buys, and also generally smaller sizes' spread are higher because of the cost of making them. And it make sense too that you would to take advantage to make the most profit out from the most sellable item you have, right?

This post has been edited by sinbad2k: Mar 3 2016, 11:36 PM

am still waiting for the final drop before it shoots up... will that day come or it's shooting up now...?...

If you're buying gold to make a quick short profit, you'll get burned easily.

We could only rely on trust and the reputation of the seller unless you want to take the gold you bought and had it assayed(which would damage your gold if they use certain methods). Reputable seller usually sell genuine gold. Gold coin sold by banks like Kijang Emas or other gold coin/bars from UOB bank are definitely genuine (unless you don't trust the banks).

read a few pages back from here, you'll get some ideas...