If you could predict, you would be a millionaire.

yes i dont see why not.. but inspect properly n i suggest u refer nubex condition grading to compare price
esp when its sealed
can sell here also

commercial sure slash down kaw kaw la i guess.. dunno also.. can ask their shop

how much u r looking?

can pm me if u dowan put here

sure,

http://www.lazada.com.my/nubex/?searchredirect=nubex

note: i used an RM40 voucher

Guys wanna ask if the Gold Investment Account is credible? In event of bank runs, how confident are you that you can withdraw the gold physically?

The best institutions to provide this Gold Account are Public Gold & Kuwait Finance House because the account back by real physical gold. You can sell back for cash or withdraw physical gold.

Those bank only have gold on paper. They only offer cash or crediting of account. No physical to withdraw.

Yes I think the safest method is to buy and withdraw as physical gold immediately. I also suspected they are practising fractional gold reserve, keep some portion on the vault and sell more gold certificates. This will be a problem when all wanna withdraw at the same time, i.e. during crisis.

ok gip u example take cimb again cos i never read other bank T&C

in order for u to have physical - min 100g. say price now is rm165.
http://www.maybank2u.com.my/mbbfrx/gold_rate.htm (cant find cimb price lols but should not be much diff)
so u gonna need (rm165+rm10)x100g (ignore any other processing fee anything if theres any) = rm17.5k

for direct buy physical

https://www.buysilvermalaysia.com/shop/prod...g-999-Gold-Bar/
RM 16,431.95 (i think free shipping)
see u can save rm1k in this instance.

but as low as few hundred also u can already lay ur hand on ur gold piece physically. its good to have small fractions of sizes instead of just one big one.
small size, yes, premiums cos the need wrap or little piece nicely, small small.
big one no need. cincai cast no need wrap also. no need add premium, god discount instead.. so to speak la hehe

for other institution, u can ask zodd cos he got sell paper n physical gold under one roof.. correct?

hope this helps

A good article of shipping precious metal in Malaysia:

https://besure.my/shippingsilver

Hmm.....I didn't keep track of bank's paper gold price so I'm not sure. If that happens all the time then, banks do only increase/decrease a little according to spot price. I've been keeping track of physical gold coin price from MBB and UOB. Observed that UOB is quite consistent with their price and on some occasion only increase/decrease a little. MBB however is slow to use the latest spot price and increase/decrease their price a little but quick to react to big fluctuations.

mbb is sucking slow in update

Time to bbb!