Price chart looking good?

since u like this song, can estimate yr age... shud be same as mine.
tonight, US inflation figures shud give new gold price direction, let's see...

https://www.asianinvestor.net/article/mas-g...e-months/484336

no increase of gold reserves at BNM while inflation is still running hot

Just as comparison, BNM reserves has USD2.5B in gold as part of reserves. Thts about 2% of the reserves, n about 1.25m oz.

* as at 28 April 2023

The brokerage noted that Bank Negara has overseen a 6.84% increase in the country’s gold reserves, from 36.4 tonnes to 38.88 tonnes over the period under review.

Gold still holding up nicely in MYR

Hmm..their pricing appears quite competitive. How do you transact with them ? Physically collect at their office or via secured courier ? Do they sell odd size bars such as 5oz, 10 oz or 250g gold bars ?

I don't think they include % for premiums over spot. Might need to check with them.

Apparently we are moving into a commodities super cycle. Not a good sign too when gold price is going up as fiat currencies are sinking.

Gold at historical highs in MYR.

For MYR, we use grams la..

IDF ground operatuons already started. I expect Gold to maintain above USD2k on Monday.

What I've been doing for the past years is that I've been referring to the site below as a benchmark for selling price.
I think Shops like Poh Kong , Wah Chan would buy the gold at a slightly lower price.
I don't think these well known gold smith shops would list buy/sell price online. I've seen many advertisement in facebook with sell price/free workmanship fee but when you reach the shop, the price is usually not the same and lots of excuses about workmanship fee.

https://www.silverbullion.com.my/Sell
or
https://publicgold.com.my/  (there's a section for non-PG gold buyback)



I'm a big fan of physical gold instead of paper gold. Been buying little bit every month. Check out sellers in Shopee (please make sure you buy from reputable sellers). I find Shopee price is much wallet friendly than Lazada due to the generous voucher Shopee is giving out.
At the end of the day, go for the lowest price/g and not the brand but make sure from reputable seller. 

Disclaimer: I'm not a license financial advisor nor a seller in Shopee/Lazada. Above is not a financial advise. I'm just an old man that like pretty shining thing.

I bought 1oz Maple Leaf from UOB last year. It comes sealed in a Mylar pouch. To resell back to UOB, the coin needs to be intact in the Mylar pouch or they will not accept it & also bring along purchase receipt. In the event that the Mylar pouch is torn or you decide to remove it then you can always sell to Silver Bullion. Was quite lucky to obtain from UOB as they would only have stocks if their customers sold back to them.

I've also bought Maple Leaf from Silver Bullion & comes in a plastic capsule. Yes they have a machine to verify metals upon self collect at their office.

Al Rajhi Bank also has PAMP Swiss bars for sale. I've not purchased from them.

Many thanks for sharing.

Do you mind sharing:
1. How was the price buying from UOB compare to Silver Bullion? Is it comparable or a lot more expensive than Silver Bullion?
2. Can walk in to purchase or do we need to go through relationship manager? Not everyone has relationship manager.

The cert don't mean anything as it can substituted for a fake coin. Also UOB does not have a machine to verify the metal content. As per UOB staff advice, don't break the Mylar packing if you want to sell it back to them. I believe the Mylar packing is from RCM done in bulk purchase by UOB Sg.

all gold bugs can smile now. nice!  

i think so.

the best has yet to come.