Buy low sell high not the other way around XD

I personally choose Public Gold coz

1. minimum & subsequent purchase is rm100 equivalent to 0.3xxx gms.
2. They have physical gold to withdraw and this is important for muslims (syariah compliance). Do not buy if no physical gold issued by the company.
3. You can lock the price 24hrs

I am looking to invest in gold in Malaysia (once there is a tradable correction). I've looked at the various options, Gold Investment accounts at the banks, TradePlus Shariah Gold Tracker ETF, hellogold, and been offered some funds from Maybank like the UOB Golden Opportunity Fund.

I was put off by what seems to be a very high admin fee at hellogold. 2% per year seems exorbitant to me especially when BullionVault offers annual rates closer to 0.2 - 0.5%. The funds that the banks offer are also not so attractive because of the sales charges and annual management fees.

That leaves the TradePlus ETF and the bank investment accounts at the banks. Between the two, which do you guys prefer? I normally trade gold futures on Interactive Brokers but want to hold some precious metal assets closer to home and trade them longer term.

between these 2 which one makes you more profits? (which one has less spread)
between these 2 which one makes you feel more comfortably secure (will get back your money), with the amount of money that you had invested?

What is the effective spread on the TradePlus ETF?

no precise idea....but since you are comparing that 2,...i thought you got the numbers.
i think ETF definitely much lesser the bank investment accounts at the banks
what do you think?

bank is much better
u can sell anytime

TradePlus ETF cannot sell anytime??

I don't have the numbers for the spread of the ETF. That's why I'm asking here. However, its does look like the spreads with the banks are higher. But the advantage with the banks is you can actually withdraw the physical stuff, whereas the ETF it is not possible. However, there really isn't any reason to withdraw the physical metal unless there were some disaster unfolding

Anyone can recommend a good broker for XAU/USD?

I prefer holding trades for a few weeks with margin 1:100

I am currently using Plus500 but their maintenance margin per day is quite high

Has anyone tried HelloGold? As an investment platform. Seems like relatively obscure, was wondering about it.

yes there are...
there was a dedicated thread in lyn
HelloGold - Ask Me Anything, related to HelloGold or gold in general
https://forum.lowyat.net/topic/4277147

hopefully you can get some info from there

Central Banks Sell Gold for First Time in Decade as Virus Bites

Central banks became gold sellers for the first time since 2010 as some producing nations exploited near-record prices to soften the blow from the coronavirus pandemic.

Net sales totaled 12.1 tons of bullion in the third quarter, compared with purchases of 141.9 tons a year earlier, according to a report by the World Gold Council. Selling was driven by Uzbekistan and Turkey, while Russia’s central bank also posted its first quarterly sale in 13 years.

https://www.bloomberg.com/news/articles/202...nd=premium-asia

Gold in worst monthly run since 2019 as investors await election

(Oct 30): Gold headed for a third monthly drop, the longest run since 2019, as investors awaited next week’s presidential election amid the threat of rising coronavirus cases and lack of agreement on a U.S. stimulus plan.

Uncertainty remains high before the pivotal Nov. 3 vote, lifting the dollar’s appeal as a haven asset over bullion. Covid-19 continues to push back into the early, deadly centers of the U.S. outbreak such as New York and New Jersey, and the pandemic is resurgent right across Europe’s major economies.

Since hitting a record around US$2,075 an ounce in August, gold’s advance has faltered, with prices losing their upward momentum as investors questioned whether bullion had risen too far, too fast. Still, holdings in exchange-traded funds remain close to an all-time high. The macro backdrop for gold remains favorable, and there could be more upside if Joe Biden wins the presidency and Democrats take control of the Senate, Standard Chartered Bank has said.

https://www.theedgemarkets.com/article/gold...-await-election

At 11.20am when I looked just now, I saw best buy at RM2. 50/unit with 1050 lots and best sell at RM2. 51 with 150 lots and RM2. 52/unit respectively with 1120 lots.

1 lot is 100 units.

The real time NAV per unit was at RM2.512.

TradePlus Gold also can redeem physical but you need 500k units. Approx 5kg of gold.

This post has been edited by Cubalagi: Nov 4 2020, 09:25 AM

The fees are bit high, but it's very easy to use, no need to visit bank branches. I am using it for quite a while now.

anyone tried xtb broker? their xstation for phone looks good. but i not sure about their daily swap

Democrats won and covered d vaccine otw...I thought no gold will go down somemore

What do you guys think?

This post has been edited by aaronpang: Nov 12 2020, 05:07 PM