This USD2k level is very strong resistance.

I guess we need another regional bank panic to sail.above it.

When the Fed starts to ease, gold will move up further.
Right now, it will move within a range for a while.

hi huyz i got a gold chain 916...which i dont know the weight of it..but at 2017 i bring go check at normal gold shop to quote a price and gotten rm 3400 for it....i wonder how much now in 2023 march?

Gold price in 2017 is around rm170/g +/-

Current price is around like rm 280/g +/-

So u could be getting around rm5600 current value

but i not really hungry for cash atm...
at the same time i never like to wear any wearable item on my body too

Yes.
Would minus some..
Not mistaken around 15% like that...

Yes.
But storage is kinda headache...
Risky.. simply cannot keep anywhere like that...

Another alternative is GIA 👌

Where should I go to buy physical gold? 

saw from poh kong recently, but the spread is too high. if i'm not wrong, they sell at 330 but buy back cash at 280 or something like that on that day.

is kijang the best option? since i see from mbb website, the spread is much lower than the above shop. but a bit troublesome as only a few mbb branches selling this.

or is there anything we can buy online? saw some in shopee but not too sure the spread if later want to sell back

thanks

Sell 330 buy 280 is much cheaper than Kijang. Kijang spread is at 3 to 4%

330/280 spread is only 1.5%. That is cheap from a jeweller! 

Buy from Shoppe and get scammed? 

330-280= 50

50/330= 15%  i beg your pardon. No coffee yet.

That's the reason for my line : "Anyone who buys gold form jewellers as an 'investment' needs to get their head checked."

 

A note to my younger self, as I continue to accumulate more - I started to get deeply depressed.

Because I realized the thing I spent so much energy n time doesn't bring any satisfaction nor peace of mind. Yet, every dividend declaration date, latest @ 4.5%....major urge to hedge the fast depreciating ringgit for some highly price manipulated piece of useless yellow metal.

Should we witness parabolic gold price, then the very frightening reason we buy gold wud already be a reality. A looming threat to my family's existing safety, freedom n lifestyle.

In retrospect, we spend hundreds of thousands $,. on a yellow metal as contingency, without any purposeful utility n not wearing because it's perceived as distasteful, n target ourselves for snatch thieves. Wouldn't an elegant yet discreet Patek be a much better investment choice?

In summary, how blissful life, if Unker just stayed ignorant (not stumbled across LY gold thread, which ignited interest in acquiring gold) n adopt a que sera sera attitude.

Sigh, time for Unker's anti depression meds....Work!

Bro Cubalagi, thanks for the sharing....much respects.

Unker always wary of 'The E' writeups....my tin foil hat conspiracy "Paid to Write Articles".

Either for the guy to appear in papers, show bos dia ada buat Kerja, capai kpi...or sponsored by yellow metal cartels.

I checked the writer oso, Taylors grad.

In this case, this was just a reporting of what was discussed in our parliment. A question by Johari Ghani and response by DFM Ahmad Maslan. Not an opinion piece or an article. U can find similar news in other papers, but Edge reported it more fully I thought.

Taylor not good eh?

With Auntie 'patronizing' ....support Unker investment journey....this digital gold has moved up spot.

Future grandkids say Ah Kong, either fxxxing legend or hopeless retard.

Without Ah Mah, clever tcss one, clever tell young time eat roti canai story only.

This picture doesnt constitute financial advise...its for personal use/illustration only.

Bro Xander, my high respects.
We in the forum are unified by our similarity, rather than divided by our differences.
No matter - theres always nuggets of truth in forumers sharing, I learn from your selfless sharing.

Blatantly open buying,....yet all the misdirection & mis-education, gold is useless, no yield, dangerous to hold, not liquid, ancient relic.

Something big, around the corner!

Wah Bro Xander...solid gains!
Hope rocket got fuel to go further.

Hi all, is it too late to start investing in gold? Long time ago bought and received some 5g gold pieces, those poh Kong type. Bodoh2 sold off paper gold also but needed to liquidate la. Now looking to diversify. Hope sifu can give insights..

Bro, welcome!
My Sifus are Bro Xander, Bro Prophetjul,

Unker start first lah,...senang now.

1. Gold investment, damn boring one. If no jalan, this thread end up in page#3-4. Got exposure in ETF, physical, banks, miner stocks, etc.
2. Wealth preservation, hence Unker keep it ard 10%  net worth.
3. Buy from bullion companies, avail website. Avoid jewellery shops.
4. If possible, minimize spread 1oz coin or 50+ gram bar.
Last few days we got share.
5. Less anger, ego, grudge...we all happy, happy!  Adopt what you self analyzed as useful.

ok thanks, will look into etf as well.

For what you call digital or other people call paper gold, u have 2 basic "safe" options

1. Open a gold account with a Bank. Many Malaysian banks offer this.

2. Buy a Gold ETF

ETF stands for "Exchange Traded Funds". It means two things. The investment is in a fund that invest in gold. The second is the fund is tradable on a stock exchange like NYSE, SGX, Bursa Malaysia.

The advantage of ETF is that the buy and sell spread is very narrow. So its good if you are more active in buy and sell. The disadvange is that there are annual management fees and trading charges and forex costs for offshore trading.

There are also many gold etfs, not just one, in the world. The grandaddy is called GLD which is in NYSE (but also cross listed in Singapore Exchange). There is also a Malaysian Gold ETF listed in Bursa Malaysia if you prefer to buy using MYR (save on forex) and is more comforted by the regulatory protection by Malaysia authorities.

To access ETF, you need a brokerage account. It can be a local Malaysian broker or an offshore broker. Its the same account that you open when you want to buy stocks.

There is also another channel now to buy sell Gold ETF, using the so called digital investment platforms Like Stashaway. Or Versa. These platforms also buy into gold etf.

mind explaining the fees on SA and Versa? IIRC Versa only charges 0.30% p.a no? YTD Gold already 10%

this thread is too quiet!!

if not mistaken, all time high gold price was $2089/troy oz in 2020.

now, it is $2027. or about RM288 per gram.

with all that's happening with US fed, inflation, de$, BRICS new currency, RM forever decline... cant see how gold price will go down...

well done to all gold bugs stashing away that glitters!   

Useless investment n waste of time....once it goes up to usd$5000/oz, i sell all.
No eye see.

New low??

All I see...
Like all time high only

300/g 🤔😕🤨

New low high??

Basically what?

Low or high vs previously??

Probably 🤔🧐

What I know...
Gold is uptrend...

Even if drop...
Very minimal....

All thanks to the banks GG in US 😀 and among others