anyone see www.mysmartgold.com.my da tgk lum website nih...harga dorg agk rendah dan spread cuma 1% utk buyback...ada sesapa pernah beli kat sini?

Any Gold bar & wafer exempted from gst and must have at least 99.5% purity and investment features.

The list of GOld Coin as below also exempted and must have at least 99.5% purity:

01. American Buffalo
02. Australia Kangaroo Nugget
03. Australia Lunar
04. Austria Philharmoniker
05. Canada Maple Leaf
06. China Panda
07. Malaysia Kijang Emas
08. Mexico Libertad
09. Singapore Lion
10. United Kingdom Britannia
Any gold that have features which accepted as international standard [exempted]

Any gold  traded base on international bullion market. [exempted]

Only buy now if u plan to hold it minimum another 1.5 years+... No major news that could shake the gold price up substanially thus far...

Given gold price is unlikely to recover to previous high in the next few years ; those bought gold previously, unless accept losses else will throw good money after bad.

then what profitable investment shall thy invest thee?   

hehehe

Lost value is wealth preservation?!

If you are concern  myr Forex rate; USD, SGD, Euro, GBP, jpy, rmb and stocks in those currencies could be a better buy.

i myself depositing into public mutual's cash deposit fund (a money market fund)
0% service charge, 0 management fees. 0 misc fee.
money market fund is not forex. you can try to google it.

most of the fund house provide MM fund.

Indeed, i was waiting for it to drop to around 1000-1100 in order to get some gold but gosh, the drop in gold prices is being offset by our ringgits depreciation!

So i guess its not worth to buy gold now using our ringgit right ? 

Define 'worth' Thats the nice part about gold I guess, its value doesn't drop together with our currency. Imagine those who hold gold in russia, when their currency drop like crazy those people who hold gold I guess will come out richer 

I have CIMB gold investment account(but closed it already). This paper gold account has a special feature though where I can choose to take out real physical gold but the minimum amount to take out is 100g if I recall correctly and for every gram I take out, I'm charged RM10 for a so called admin fee. To the best of my knowledge, only CIMB has the option to convert the gold to physical and I heard PBB stopped that some time ago. Not sure if they have it back again and I can't find anything on PBB website about this. So yes, I reckon, PBB's gold investment account is truly paper gold.

There is no need for paper gold being backed by physical gold amount.

But banks can hedge themselves with the gold futures market or whatever financial tool on gold, as banks also do not want to expose themselves in term of gold price up or down.

The trust on bank honour the price.

i see.

than what gives ppl confidence in it?

u merely see the prices up n down.. and its not even insured by PIDM

Paper gold offered by banks is quite a stable and secured, so I don't understand what is the issue of "risk" mentioned.

The risk with gold is always gold price going down or stagnant.

FD, deposit more than 250K also don't covered under PIDM.

So?

with the gold price stop appreciating now, I am not even sure it is worth invest anymore