HI...

MAY I KNOW IF I WAN INVEST IN SMALL AMOUNT OF GOLD WHICH I SHOULD CHOOSE ?

1. PAPER GOLD
2. SOLID GOLD

IF PAPER GOLD, EVERYDAY PRICE IS DIFFERENT, IF TODAY I BROUGHT ON 155/g
TMRW GOLD PRICE BUYING RATE FRM BANK IS 145/g SO I WILL LOST 10 GRAM, THEN I NEED TO TOP UP AGAIN EACH TIME IT LOST ?

FOR SOLID GOLD IF THE PRICE IS DROP EVERYDAY, I STILL SECURE WHICH THE GOLD STILL IN MY HAND, I JUST NEED TO WAIT THE GOLD PRICE UP TILL 156-160/g I SELL THEN I CN EARN.

FOR PAPER GOLD, PRICING IS EVERYDAY UP AND DOWN, SO I HAVE THE RISK IS IT?

IF PRICE DROP TILL 150/g THEN I WILL LOST MY MONEY INSIDE THE ACCOUNT ?

WHICH IS BETTER FOR ME TO CHOOSE, COZ THIS FEW DAY MAYBANK GOLD INVESTMENT ACCOUNT IS DROP, I THINK MAYBE SHOULD BE THE BEST TIME FOR ME TO INVEST IN THIS ACCOUNT?

HOPE FOR EXPERT TO EXPLAIN ^.^ TQ

** I STILL NEW IN GOLD INVEST **

This post has been edited by bibi michelle: Apr 4 2016, 12:56 PM

I know what private storage is. That's why I use the word "private storage service" and (also refer to service in msia) and "safe box" separately. Yeah, I'm talking about two separate stuffs..

Paper gold and physical gold's price should fluctuate daily too though both are not at the same price.
It depends on your goal in buying gold. Are you looking to make a quick profit?You're better off trading. If you're looking for long term investment, I recommend getting physical gold.

Anyone bought from this site before? It seems having cash on delivery service, trusted? any extra charges?

https://www.silverbullion.com.my/

Hi sifus here,

Gold saving account from which bank is recommended?

Thanks.

Looks like UOB is best for paper investment as has the lowest sell to buy rates.

thanks mate! will check them out..
spread is low on UOB?

No experience for CIMB. The last i look their spread is high and gold price is more expensive.

I am using public bank. You can check at their website for daily gold buy and sell price. Their spread (difference between buy and sell) is higher than UOB but consider lower than other banks like Maybank when i last check.

The advantage of PB over UOB is the min purchase amount. Each transaction is 1g compare to 5g UOB. If you have small investment fund PB is a better option. It will give you more "chances" to go in market and buy. So more chances for dollar averaging.

Hi guys, I thought UOB gold price is the cheapest in Malaysia banks. Am I right?

the different of selling and buying price is lower compared to other bank.
But, UOB only accept selling and buying at counter and cannot do it via online.

I see, thanks for the info.

There will be a free seminar at Sin Chew about gold as hedge against inflation..no fee, there will be Q & A session with the founder and you can participate in it.

You can register at https://publicgold.com.my/v1/reservation/index.php for free ticket. You can pm me if wanna put me as your introducer's name or leave it blank. Tq



This post has been edited by zodd: May 4 2016, 09:53 AM

How could gold hedge against inflation?

If want to hedge against myr depreciation, it is better to buy sgd, USD assets.

I got it from logon.my
but don't know need to print out the email or not

http://www.bbc.com/news/world-africa-36210680

To hedge against inflation and currency depreciation, holding us$ is more realistic as seen in Zimbabwe.

http://email.seekingalpha.com/article/3971...26dr%3D1%23alt1

I think UOB should really start allowing online trading.

What if USD devaluation happened?

Gold price dropped from over $1800/oz. What are you trying to hedge at the first place? Myr, USD or gold?

This post has been edited by icemanfx: May 9 2016, 02:17 PM

Guys, in Public Bank Gold Investment, it is written as:

"Gold quantity balance of less than 10 grams as at 31 December each year
The aforesaid service fee will be waived for new accounts opened for less than (1) month i.e. opened in the month of December." [Charges = RM 10.60]

So every year at 31 Dec, if <10g will be charged RM10.60 right?
Lets say I created and then later sell off all, is that <10g balance fee still applicable?
Will the Gold Account auto close?