Really hilarious reading all the 'pro Gold' comments this past week. All the so called 'experts' proudly proclaiming a gold is on a bull run and will hit 1,300, etc.

I guess some ppl just haven't learnt the logic behind gold. Many still don't know the difference between a HEDGE and an INVESTMENT.

Gold is a hedge not an investment vehicle. You only make money from gold when u sell it. Until then its just money sitting there being eaten away from inflation not earning anything as long as prices remain stagnant.

Investors flock to gold on short term basis e.g days to max a week. They make their money and off they go. But most of the ppl on this thread are in it for the longer term with the hope that gold will hit that miraculous 2,000-3,000 mark. And most of these ppl don't even know how gold fluctuates in the market. They just want and expect quick gains. I know cuz I was like them before. Luckily I 'made' a small gain from the sale of my gold but overall ive 'lost' a lot because if I had invested that money elsewhere I would have made much more.

Anyway fyi, gold is now at 1,200 and will drop more before the end of the week.

See if these articles make any sense to you.

http://www.cnbc.com/2016/02/16/goldman-sac...erreaction.html

http://www.marketwatch.com/story/why-gold-...aven-2016-02-16

No confusion.....

http://www.dailypfennig.com/2016/02/14/real-reason-buy-gold/

No..didn't think of short profit ...or any profit..more as a savings...so should be fine..thks

Time will tell which school of thought is right......

https://srsroccoreport.com/two-gold-charts-...-worried-about/

[WTA]
CIMB gold investment account allows physical gold withdrawal but it will not buy back according to the daily price. So is there any other means to sell the physical gold once redeemed? TQ.

This post has been edited by astrowoon: Feb 19 2016, 12:53 PM

will gold go up or down after this weekend? hmm

that fella are one of those herds going for quick gain, that's why. Their definition of 'investment' are % on papers and their worldview are closed around it. It's understandable.


Goldsmith shops?But I reckon you'll get low-balled big time. Shouldn't have bought CIMB gold.....the extra charges to get the physical gold is ridiculous. And the physical gold isn't something like LBMA grade.

Was anticipating a big drop to below 1K for a long time but it went up instead.

Thanks for the info! Haven't redeemed actually. Read that paper gold market might collapse in the near future:
http://www.zerohedge.com/news/2016-02-17/c...y-be-close-hand

Wanna cash in since it is already in profit...Might settle in cash and buy Kijang Emas later.

Good for converting paper to physical. But why kijang mas compare to others?

Because that is the only one I know locally. And the difference between 1 oz buy/sell price isn't too big, ~4+%.
Would you mind to share other options, thanks!

I didn't request for a physical gold withdrawal. So not really sure what kind of gold bar will CIMB offer.

http://www.bloomberg.com/news/articles/201...ates-below-zero

I would buy international recognised brands like Pamp Suisse or Canada Maple Leaf or Perth Mint.... I might pay slight higher premium upfront but I would certainly get back the premium when I sell later. At least if I need to bring oversea one day, it will b widely accepted.

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...

Hi Guys,

Any advise where is the best place and type of physical gold that i could purchase around Klang Valley / KL ? As if not mistaken those in Poh Kong is charged with design fees right so not worth for investment.

Im purely wish to keep some for small investment..

Any advise?

I do hv Pamp Suisse multigram at good price..... selling better than below.

https://www.nubex.my/index.php/pamp-suisse-...-version-cond-a

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?