Menara Maybank has brand new 1oz Kijang in stock.
Shiny and scratch free



This post has been edited by aaronpang: Aug 14 2020, 09:08 PM

Not difficult at all to buy.

Suggest to call ahead if got stock, before going to the branch and buy.
If in KL recommend Menara Maybank branch and UOB (Jln Raja Laut) usually have stock.

Buy gold usually senang, question to ask is how easy is it to sell

Sharing news about Turkey. Yikes!!!

Turkey Hit By Bank Runs, Currency Panic As Locals Sell Their Cars And Houses To Buy Gold While Lira Implodes


It has been an miserable five years for Turkish citizens who have seen their purchasing power slashed by more than half, and it's only getting worse.

The Turkish lira has cratered against the dollar and most developed currencies, plunging from 3 TRY per dollar, to a record low 7.37 last week after a brief and valiant attempt at imposing shadow capital control by Erdogan (who is now de facto head of the Turkish central bank) failed miserably at the end of July, and not even a draconian hike in overnight funding rates above 1000% last week (to crush the shorts) was able to prevent a plunge in the Lira to new all time lows.

Sauce here

Primarily I'm not trading gold, instead I'm pension stacking.
Bullion coins also closely fits with my other interest and hobby

Non-bullion purchase like Proof Ultra High Relief 2020 Lunar Rat.



2021 Lunar Ox is next on my buy list.

This post has been edited by aaronpang: Aug 17 2020, 12:16 PM

Not always the case.

Ppl can't escape/immigrate away with house if the country sinks...
Just assuming lah

So far for me no issue to get gold from Maybank.
That's why I mention to call ahead.

When selling must look for ways to maximize returns.
Selling directly back to the bank is not ideal IMHO.

In the past when selling I'd usually try to maximize returns.

Trade among family, colleagues, fellow gold bugs and numis collectors.

Lately high gold price has attracted casual buyers to purchase gold.

Show difference between goldsmith price vs Maybank to steer ppl away from gold shops
FOMO is strong so I make little on runners fees & capsules.

What I observe
Most not free to purchase over the counter.
Don't know difference between premium and spot price.
Generally don't want to research and monitor prices.
Can't spot fake gold

edit:
Love to trade BNM proof coins, buy for RM150 and flip for RM300 immediately.
Lately that has dried up, BNM not releasing coins for 2020

Sell silver proof coins and use profits to subsidize gold proof sets

This post has been edited by aaronpang: Aug 18 2020, 11:42 AM

Democrats won and covered d vaccine otw...I thought no gold will go down somemore

What do you guys think?

This post has been edited by aaronpang: Nov 12 2020, 05:07 PM

Anyone bought the dip recently...
Good deal IMHO, purchased little late coz I only buy physical bullion.

Sharing latest experience getting physical during pandemic.

1) Call MBB branch if gold's in stock (can be out of stock)

2) Make an appointment for counter services.
https://www.maybank2u.com.my/page/appointment/
Sometimes impossible early date because appointments are booked weeks in advanced.

3) Managed to get an appointment and bought couple of coins.
First physical bullion buy for 2021.

Buying physical from Maybank is tricky because many moving parts need to align.

Decided physical gold is best way to transport a portion of wealth into the future.
Holding long term, decades.

Convenience ETF provides doesn't weigh heavily for such straightforward plan.

No plans to trade (buy sell) so paper gold don't make sense in my case.
Only selling decades down the road. Part of retirement stack.

Also physical gold helps to divest funds, outside of formal banks.
In cases of bankruptcy, LHDN case or government overreach, bank funds kena frozen game over

With physical gold I am my own bank

Perth Mint New 2022 design release....

Kijang primarily...

Couple of reasons no1 is no packaging or capsule between me and the gold.
Can feel, touch and test the gold without much hassle.

Also find it easier to buy/sell from Maybank KL Main.

Gold bullion from UOB there's a lot of T&C can't open their packaging.

Public gold spread is higher unless buying > 100g.

Kijang is as odd bullion, it's not issued every year.
The latest mint year for Kijang are 2012.

So far all recent Kijang I've purchased are new dated 2012.
Not gotten used or dinged up Kijang lately.

Have to call if have stock, Maybank KL main no issues I've always managed to walkaway with gold.

If buying half and quarter always in stock less people buying.

This post has been edited by aaronpang: Sep 2 2021, 01:56 PM

Either bank is fine in my opinion you decide which fits best.

Difference in pricing over spot gold is called premium.
I don't work for either bank so I don't know exactly how premiums are calculated.

There's a lot factors that goes into a premium.
Example holding cost, hedging and cost of manufacturing individual products.
On OUB's site, 1oz sovereign minted coin has higher premium vs 1oz private bar for comparison.

Difference between buy and sell price is called a spread.
MBB spread is fixed 4%
UOB if I recall is subject to change but don't quote me on that.

Gold is naturally widely accepted.
Having said that, best to sell back to original seller to maximize returns.

Maybank has more branches that buy and sell gold.

Not sure if UOB still insist on bagging, its an annoying practice.
UOB will seal in pouch and you cannot open the bag to handle and test your gold.

UOB buyback policy is strict.
Opened packaging, dinged or scratch item will be rejected.
Maybank has more leeway for dings and scratches.

Might not be applicable for everyone.
I have MBB account, simple to direct debit at the counter.
Rather not carry bundles of cash

This post has been edited by aaronpang: Sep 3 2021, 03:44 PM

Perfectly fine to buy 1/4, 1/2 or 1oz there's no minimum order.

Call in advanced to check if got stock.
Before you go check UOB SOP.

For Maybank SOP make an appointment for counter services.
https://www.maybank2u.com.my/page/appointment/

List of Kijang Branches
https://www.maybank2u.com.my/iwov-resources...Emas-branch.pdf

This post has been edited by aaronpang: Sep 3 2021, 04:01 PM

Try Credit card, investment, insurance and loan/financing...

When you get there mention want to buy kijang emas.

I personally view shiny yellow metal more as savings asset.
If I don't buy gold the cash might be spent on something spurious
Very lousy impulse control besides gold I also park money in real-estate.

Gold comes in different forms. Each with it's own advantages and disadvantages.

Some forms of gold like jewelry might be harder to sell or cost more per gram.
24k gold bullion is generally tax exempt worldwide.
Certain countries may tax 22k gold bullion (American Gold Eagles or Krugerrand are 22k)
Size big kilo bars are a pain to move quickly, too small 1/10oz or 1/20oz and premiums eat into your returns.
Recognition PAMP bars more recognized than Poh Kong Bunga Raya for example.
Nothing wrong with Poh Kong, just there's less point of friction during selling process.
The list goes on and on you get the idea.

Buying is easy, the difficulty is a viable exit strategy.

Gold is not for everybody, hopefully it fits your needs

This post has been edited by aaronpang: Sep 7 2021, 02:51 PM

Awesome stack thank you for sharing.
Hope to accumulate a stack like that someday

That's a sweet collection of proof coins.
I'm looking forward to Perth Mint Tiger



This post has been edited by aaronpang: Sep 7 2021, 02:44 PM

Ox arrived today... Tiger is next ..





This post has been edited by aaronpang: Sep 9 2021, 07:25 PM

Correct Maybank sells exclusively Kijang.

Commemorative coins are different kettle of fish vs bullion.
Collectable coins are separate from bullion stack, purely for enjoyment and happiness

Commemorative 1oz gold coin could cost RM12k
Bullion 1oz gold coin on the other hand may cost RM7.8k

Haven't purchased Buy Silver Malaysia. Can't comment personally.

Purchased from following stores, no issues
1) www.apmex.com
2) littlecoinshop.com.au - purchased Lunar Mouse here
3) thecoincompany.com.au - purchased Lunar OX here

europabullion.com (purchase not yet completed)

Lunar OX was purchased from:-
https://thecoincompany.com.au/australian-lu...gh-relief-coin/

Buying from abroad can be complicated.
Esp. if Malaysian customs decides to tax your non-taxable gold hahaha.

Yes eagerly awaiting

Collecting High Relief Proof of the Lunar Series III
Coin is thicker and design has nice depth.

I'm hoping to collect all 12 coins.

This post has been edited by aaronpang: Sep 10 2021, 01:59 PM

Kastam invoice

Wanted to charge RM1238