I think need to do at the branch

Just think about if additional purchase need to go bank to queue up then

if u don't want, can always buy at maybank or cimb. open new account only go branch, additional can do online

http://www.usatoday.com/story/money/2014/0...-gold/15909821/

Another thing about gold is that its inert and recyclable, so the amount of accessible gold in the world will keep on increasing as people keep mining gold.

Gold Support At $1,180/oz and $1,161/oz, Then At $1,000/oz



http://news.goldseek.com/GoldSeek/1412602028.php

This post has been edited by nexona88: Oct 6 2014, 10:18 PM

Today, gold price rm129.24 at maybank. Is it signa to buy?

Going into 2015 ...it could also drop less than 1000usd per ounce....keep in mind must hold for long term n dont bet your emergency or life savings on it...

the price could go even lower

yesterday just got myself few gram gold price at RM127 /gram

I like your point. But as opposed to currency, the rate or amount of gold is still way lower compared to fiat. If you have the money to buy some, think it as a saving. Gold's value will always there as people are trying to protect its value.

IMHO, I still think gold is a worthy investment. But don't put all eggs in one basket.

Good to diversify and include gold as part of your portfolio. Get physical gold if possible especially gold coins. Gold has been valuable for thousands of years and I believe would continue for thousands more. Gold coins is not just gold but also a collectors item. Physical gold is the only asset of value that you can bring with you if you want to flee the country in case of war etc. You can't bring your house and Ringgit Malaysia is of no value by then. I would like to have 10% of my wealth in gold, both in physical gold and gold account. Not there yet though. Of course the other pie in diversification is having assets in foreign countries like the USA etc.

Jim R.

how come so ? mind shed some more light?
got insider info ?

Unemployment rate has fallen. USD has been appreciating and investors have been opting to invest in other high yielding instruments.

if so, gold would slowly turn to scrap metal then

Hint: wait until everyone almost give up gold as a scrap metal n it will suddenly bounce n go up aggressively....majority needs to be wrong b4 the change of direction in price...

In the olden days, yes before the internet and air travel, gold was good to have in case of war.
Nowadays you can transfer funds from Malaysia to any country in a few minutes. I also heard some millionaires (I am not one ) carry around a single Singapore 10K note or several USD100 notes in their wallet as emergency.
But I agree, its a good idea to have a little gold in your portfolio.

Is there a way to transfer to foreign country in minutes? I'm interested to know. I normally would go to the bank to make the transfer. Thanks.

A well off friend of mine demonstrated to me through his HSBC Premier account. But to have this account for free, you need to have at least 200K in the balance.
After that, they allow you to open Premier accounts in other countries. The transfer between this accounts become easy. I think other banks may have similar features.

This post has been edited by tigana: Oct 8 2014, 05:10 PM

Now Big question for the year is, will GST applies to Gold?

Anyhow my dilemma stopping me from buying is,

1. Physical Gold, need to get place to store. Storage in Bank need to pay yearly services also. Put at home = Risk.
2. Paper Gold, Buy/Sell spread is high.
3. CIMB/Maybank paper Gold, Convienience and can do online but wide spread of Buy/Sell.
4. UOB, Have to go Bank to do it. And on top of that, must have saving account before getting the gold account. It's a hassle for people nowadays to queue at the bank.

Enlighten me please.