Wah, like that, we need to find only restaurant to cater our new found status......Paparich @ Melbourne.

Or, any other restaurants....contain word 'rich'.

Hi guys, I'm new here.

I have few inheritance gold, all are jewelleries. Which I gave to my wife and daughters. Over the years, we bought a lot of gold jewelleries for my wife and daughter, mostly from Poh Kong. We did not think of it as investment, but as accessories for special events (we don't use it daily).

This year we started to invest in gold. I tried reading some books, but as expected, I'm as dumb as a rock when it come to investment. Tried to sign up for classes, but all promote their own brand. So far I opened MIGA account last month and purchase 5g of gold. I thought i want to wait until it reaches 50g at least, then only redeem the physical gold.

I read here that its better to buy physical gold from bank or reputable bullion dealers.

Can guide me on how to invest actively in gold? thanks in advance

Bro, this is for my personal filing...pls share your thoughts.

1. Exit strategy for physical gold?  (10% every $100 above usd5k)

2. Where to sell?

3. Risk if buyer offer cheque?

Tq

Oic,...true UOB got 'jiak' (eat) gold bullion...even though bought from somewhere else, of course with pamp cert.

u keep physical or digital gold? If let say I start with digital gold, whats the good amount of weight for me to cash it out into physical gold (minimum process fee, etc.)

I see. what i meant was for your digital gold, what is your threshold to convert it to physical gold? I know its not recommended to change it to physical if the weight is less that 5g.

For physical gold, any problem if u want to sell back the gold u bought from bullion?

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!   

Morning Bro.

Aside to all, sigh, another new low. Avoid.

Morning Bro...Unker just learned a new word 'satire'. Practicing.

Hi, I plan to buy GAE 10X, is now the best time to buy ?

Why is GAE10X GOLD fast profit?
There are 2 things that we need to understand fundamentally... That is we have to understand about the SPREAD in gold which is the depreciation in value when buying and during resale which usually happens in normal gold.. But in GAE10X depreciation when buying only 3% .. and resell at current world floor (LME) price.
The second thing is to understand us getting the advantage of the facilities offered by QM to multiply the gold by 10 times. this financing is similar to house loan, housing loan bank where we deposit 10% and loan financing 90% .. but in QM tawaruq is pending financing no need to pay anything every month until gold gae10x achieve profit later.
If our capital says RM1k QM is enough to become 10k, if our capital is 10k, our gold is worth 100k and so on.
Financial literate people will take advantage to diversify to double their wealth..

So leverage 10x. Pay 10% upfront, get 100% benefits. No margin call if gold goes down. 3.5% management fee annually.

I have several concerns. Does the gold exist? If it does, where is it kept? Under whose name?

How does the company finance the 90%? Do we have the company audited financial statements.and annual report?

See if can answer these questions first.

If you are unsure, you can buy in smaller amounts.

Gold is a portfolio hedge against uncertainties and bad govt policies. I keep between 5%-15% of my portfolo in gold.

Bro, here's wishing Bro Xander n yourself in great health n spirit

Aduh! Gold still cheating people with price increases....when will the scamming stop?

Morning Bro! Sprice siao suddenly jump rm$1k.
Dare not buy.

U need to sell to get profit else shiok sendiri only

Okay u win Liao

I will sell some gold if US agrees on the debt ceiling resolution. Or if Russia Ukr agrees on ceasefire.