Geneva was never licensed by SC n approved Bursa Malaysia. And Geneva also not owned by a Bank regulated by BNM.

But never got any license and no prospectus.

Affin Hwang has been around a long time. They are the 3rd biggest private fund manager in the country, after Public Mutual and Cimb Principal. Their Goldetf was launched in 2017, I was accumulating since then. Sold a bit last year.

U r an ignorant prick .

This post has been edited by Cubalagi: Mar 6 2020, 03:19 PM

Im not in the business of recommending but I do own it

Best thing for me is that it is just like a counter in bursa malaysia. So it's in my CDS acount together with my dividend stocks, reits, other etfs. So same platform n easy to switch between different assets online. I don't like dealing with many platforms.

Mentally I think of gold like secondary cash. Sometimes I sell gold n buy stocks. Sometime sell stocks n buy back gold. But always maintain a minimum amount.

At 11.20am when I looked just now, I saw best buy at RM2. 50/unit with 1050 lots and best sell at RM2. 51 with 150 lots and RM2. 52/unit respectively with 1120 lots.

1 lot is 100 units.

The real time NAV per unit was at RM2.512.

TradePlus Gold also can redeem physical but you need 500k units. Approx 5kg of gold.

This post has been edited by Cubalagi: Nov 4 2020, 09:25 AM

Yes..higher interest rate is Gold's enemy.

What Gold price is saying is that it doesn't believe that interest rate will be up so high. i.e. 7 rate hikes etc won't happen.

Still can buy right?

I buy the Bursa Goldetf, which is in MYR

The SGX one is actually the same as GLD in the US

This post has been edited by Cubalagi: Mar 7 2022, 04:26 PM

It depend on the purpose of you buying Gold.

If you want to keep the Gold for decades, like to hold bling bling or being a prepper..then buy physical. Read up this thread.

If u want to buy Gold as an investment in the hope it will go up big in the next few years, then my suggestion is to open a Rakuten cash account and buy Bursa Goldetf (0828EA). This is a Gold fund by Affin Hwang Asset Management that invest in physical bullion. One unit is equal to 0.01gm. u buy it like a stock and you have to buy a minimum of 100units,(one lot). This is my preferred way. Online buy and sell, with narrow spread, using RM and highly regulated by the Malaysian authorities.

This post has been edited by Cubalagi: Jun 11 2022, 09:29 AM

1. Much tighter sell and buy spread compared to bank gold account

2. Fund structure, which is fully backed by physical LBMA Gold Bars under a separate trustee and custodian. Even if manager is bankrupt, the gold asset is separate from the manager assets and is safe

3. You can even convert your units to physical gold bars (but minimum is 5Kg).

The Gold Bars are kept in Singapore, at a vault facility near Changi airport. The custodian is Standard Chartered Bank.

The con is the management frees of 0.3% pa and custody/trustee of 0.26%. This will eat up the performance in the long run.

This post has been edited by Cubalagi: Jun 12 2022, 08:45 PM

So this afternoon, I checked Maybank GIA

It's 263.68 and 253.71 sell n buy

That's for 1 gm.

For the Goldetf it's 2.57 and 2.55 sell n buy

That's for 0.01 gm.

But Goldetf one also have to pay brokerage. If use Rakuten, that's RM9 for between RM1000-RM9999 investment. Fortunately, no stamp duty. unlike stocks.

So u can do the maths and decide which way suits you.

This post has been edited by Cubalagi: Jun 15 2022, 05:50 PM

Since u said USD increased, GLD is priced in USD and it is slightly positive.(0.78%) for the year. Meaning gold has increased as much as USD.

Not a bad performance considering 2022 is also the year of aggressive nterest rates hikes, which is a negative for gold.

For 2023, if interest rate peaks (or declines) but geopolitical conflict remains or escalates, then I would expect an ever better year for gold.

There ia no such peg. Its just MYR has performed better in 2022 than the likes of JPY, GBP, EUR vs the USD. N u r correct, we being a commodity exporter has something to do with it.

Personal outlook is that gold should perform well when the Fed pauses, which is expected to be around the 2Q 2023.

Lol..i will bet in 20 years gold will be much higher than now.

Once upon a time USD was pegged to gold. The peg disappeared in 1971.

Reason: :govt didnt want fiscal discipline tht the peg requires.

Thats when gold went higher and higher.

1970: Gold was USD36 an oz. Now; USD1870

Will go up as long as govt continue to want to spend and spend.

But Gold can also be subject to speculative bubbles and busts. So its good to sell some when prices are high and buy some when it falls.

Lets see if can break last year's USD March high.

It breached 2k last year. Intraday high on 8 March 2022 was USD2070

Back in 2020, 8 August, intraday high was USD2075, which is still.the historical record high.

But yeah in MYR, Gold already at historical high.

They may raise a bit more but Gold and BTC market have noticed Fed has started printing money again.

Breached USD2k..Tahniah.

Now see if can breach n stay above USD2050!