I would also pawn my underwear when it was RM35 

😱

Very shobby, Geneva in the making?
TradePlus Shariah Gold Tracker (Stock Code: 0828EA, Stock Short Name: GOLDETF) is Malaysia's first Shariah-compliant commodity ETF that provide investors a Shariah-compliant avenue to invest in physical gold without the hassle of storing or insuring gold bullion. The Fund closely tracks the returns of gold through an Exchange-traded Fund structure; where units are tradeable on Bursa Malaysia Securities.



1. The GOLDETF is BACKED by PHYSICAL GOLD

Asset Allocation as per prospectus:

Minimum 95% of the Fund's NAV is to be invested in physical Gold bars purchased from LBMA accredited refineries
Remaining balance is to be invested in Islamic money market instruments and/or Islamic deposits
​

Current Asset Allocation (as at 6 September 2019)

99.87% in Physical Gold Bars
0.13% in Islamic money market instruments and/or Islamic deposits
The actual asset allocation is announced daily on Bursa Malaysia (http://www.bursamalaysia.com/market/listed-companies/company-announcements/6278725)



As at end August 2019, the Fund holds 274kg (8,808.55 ounces) gold bars. The list of Gold bars are available for download monthly from https://www.tradeplus.com.my/gold-tracker.html.


100 units of the GOLDETF = 1.01107 gram of gold (274kg / 27.1million units x 100units)


2. The GOLDETF is redeemable in PHYSICAL GOLD
If you own 500,000 units of the GOLDETF, you may request to redeem physical gold instead of cash. 500,000 units of the GOLDETF will get you 5kg gold bars plus USD 2,994.34 (as at 6 September 2019).

3. The GOLDETF has to be traded "ON-THE-SPOT"
As the GOLDETF is Shariah-compliant, units have to be traded on-the-spot. As such, the Broker has to ensure that either:-
a) the buying client makes payment via cash upfront; or

b) the buying client relies on margin financiing to purchase the units

Due to this reason, some brokers may have suspended the GOLDETF for online trading. As they have to deduct payment upfront, you may have to contact your brokers if you would like to trade the GOLDETF.


4. The GOLDETF does not pay you any income distribution.

5. You can trade the GOLDETF on Bursa Malaysia through any Malaysian brokers with a minimum of 100 units.




Did you know that stamp duty is WAIVED for all ETF transactions till December 2020?

Take this opportunity to start investing in Gold.





Disclaimer: This content has been prepared by Affin Hwang Asset Management Berhad (hereinafter referred to as “Affin Hwang AM”)

It's so interesting, as mentioned in my earlier mail. The significant dichotomy between gold price vs gold stock price.
Gold stocks is losing 5-6% this morning, a repeat of 28/2.

Will be interesting to look at our goldetf tomorrow.

For reasons few realized.

If your reason is valid, gold price should remain at record high but is not.

My 2 cents to those who are starting.
Please don't buy cause you read somewhere or your friend told you it is a good investment. If these 2 are your deciding factors, there is a high chance you will lose money by selling it prematurely if the price drops a lot as you are not buying with conviction.

Gold 101 : It is a wealth PRESERVATION asset NOT a wealth CREATION asset (like your shares, CFD, property and etc.)

It is meant to preserve your wealth and be used as a hedge against your other asset classes which you have in your portfolio. It also can be used as a hedge against inflation 

Another common misconception is this : I wish the price can reach USD 10,000/oz (spot price is USD 1600/oz now), I will be rich   

Gold is often used as a barometer on how well the economy is doing (the worst the economy, the higher the price), so imagine what the world situation will be at if gold reaches USD 10,000/oz . Probably at that time the worry will only be putting food on the table  

Sitting on, > $5mil cash.
Worst case scenario, recession... kwsp, Sgp bonds n asnb fp dividend go down drain. Passive income greatly reduced.

All Properties paid up, but is a liquidity swamp due bad times.

Sgp n My stocks, $0.5mil @ 30 down. Can go down further. Likely, discontinue dividend.

Still employed, but can go bad with massive pay cut or let go.

Ringgit can get massively devalued with debts n low commodity prices.

The best diversification and hedge...just sharing, as photo paints a 1000 words.

what if u take into consideration of compounding interest on the FD? what's the percentage like?

The counterparty risk for GLD is HSBC...
This bank is in risk category n might require bailout (already stopped paying out dividends to preserve cash).
So tread cautiously.

Fella is not wrong. GLD is also uninsured, if got gold bars missing then the fund can drop by that many % to account for it.

They might not go insolvent but when it comes to credibility, they definitely do not have one as they have been indicted in court and they themselves have admitted in laundering millions for the drug cartels. Banks unfortunately still give people the perception that they are 'too big to fail' but Fannie Mae, Freddie Mac, Lehman Brothers,  Merrill Lynch and etc will argue otherwise 

where is the best place to buy gold bar 50g other than jewellery shop like Poh Kong /Tomei in Klang Valley?

So regarding paper gold, does Maybank actually purchase the gold and save it in a vault for us? Newbie here.

Yes, retail jewelry shops' premiums are high. Where can I get physical gold bar, like 50/100g ?