My 1997 ox




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Correct Maybank sells exclusively Kijang.

Commemorative coins are different kettle of fish vs bullion.
Collectable coins are separate from bullion stack, purely for enjoyment and happiness

Commemorative 1oz gold coin could cost RM12k
Bullion 1oz gold coin on the other hand may cost RM7.8k

Haven't purchased Buy Silver Malaysia. Can't comment personally.

Purchased from following stores, no issues
1) www.apmex.com
2) littlecoinshop.com.au - purchased Lunar Mouse here
3) thecoincompany.com.au - purchased Lunar OX here

europabullion.com (purchase not yet completed)

Lunar OX was purchased from:-
https://thecoincompany.com.au/australian-lu...gh-relief-coin/

Buying from abroad can be complicated.
Esp. if Malaysian customs decides to tax your non-taxable gold hahaha.

Yes eagerly awaiting

Collecting High Relief Proof of the Lunar Series III
Coin is thicker and design has nice depth.

I'm hoping to collect all 12 coins.

This post has been edited by aaronpang: Sep 10 2021, 01:59 PM

Kastam invoice

Wanted to charge RM1238

Aud3545 is too pricey for me. I had a close look at the picture. It does not seem to be a High relief.

This post has been edited by prophetjul: Sep 10 2021, 04:01 PM

There should be any tax on gold. Silver yes.
Not gold.

Doesn't stop them from trying to untung atas angin

Fedex agent I spoke with insisted item value > RM500 must be taxed because it's government rules.

Refused to budge until I pointed HS CODE 7108200000 means tax free for gold.

They cherry picked HS CODE 9705009000 to charge tax

This post has been edited by aaronpang: Sep 10 2021, 04:16 PM

I have never paid a single cent of tax for import of gold bullions.

Here....



The Royal mint coin looks much better.

This post has been edited by prophetjul: Sep 10 2021, 04:47 PM

The Royal Aus mint tiger. Much better.

This post has been edited by prophetjul: Sep 10 2021, 04:52 PM


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Very common... wait till you try to import machineries.... it is even tougher...

Thank you ALL for your posts.... Helpful for newbie like me to read.

Tqvm for the reply, newbie wanting to collect some coin for shiok sendiri. So it's safe to buy from overseas? Are they insured cos it's quite a lot of money, any special precaution before buying. I see paying with credit cost quite a bit more than wire, do they accept Wise/Instarem? Thanks again

This post has been edited by hedfi: Sep 10 2021, 10:38 PM

[quote=Unkerpanjang,Sep 7 2021, 05:36 AM]
Wow, I'm getting interested with this thread. Thanks for sharing. Never knew there are so many types of gold out there! I only know of Kijang, Maple.
So if gold is not for trade purpose, how does it fits long term investment? Or rather hedge against inflation when we are not converting it into cash?

[/quote]
Bro, we start back on the right foot. IMO....

If im just a regular Joe, I wud prioritize my savings into kwsp, sspn, asnb. These shud be my core foundations.
Anything more, i go UT, some stocks. Settle my housing loans.

Gold investment shud be max 10-15%, of your investment class. Gold is a sleeping investment, no dividend.

If i have $1M, i wud put all in kwsp/asnb, at least my family gets $40-60k annual dividends. During good times, asnb dividends approx 6%. Wah, asb, double digit.

If i have >$1M, you split into different assets. Depending on yr risk appetite, stocks vs kwsp/asnb/sspn n maybe medical insurance for wife+yourself, maybe multiple properties for rental$.

Then, if still got excess $, you start to worry abt counterparty risk. What if MY mismanaged? What if RM devalues badly, country becomes a failed state....you invest in gold, farm land, park money overseas, etc.

Price vs Value. Im into crypto. Its a new asset class without counterparty risk. Why whales buying bitcoin at usd$50k. Is the price cheap or store of value appreciating or speculation?
If today, Malaysia financial issue, bitcoin in usa will still be us$50k, but likely >>> rm210k. Its like gold, protecting the value of your depreciating fiat currency. So, its a hedge agains inflation.
By calling it a hedge, how to sell? Its for long term.....theres a chart by mike maloney on gold price vs asset. Before i forget, go youtube n watch Hidden Secrets Of Money, 8 episodes. Super awesome!!!

No point buy gold as priority, until after you settle how yr dividends to pay for food, etc due to job loss, retirement, etc. (Shhhh i tell u secretly, that unker Prophetjul, is a big whale) gold stacking as hobby.

[/quote]


[quote=aaronpang,Sep 7 2021, 02:08 PM]
I personally view shiny yellow metal more as savings asset.
If I don't buy gold the cash might be spent on something spurious
Very lousy impulse control besides gold I also park money in real-estate.

Gold comes in different forms. Each with it's own advantages and disadvantages.

Some forms of gold like jewelry might be harder to sell or cost more per gram.
24k gold bullion is generally tax exempt worldwide.
Certain countries may tax 22k gold bullion (American Gold Eagles or Krugerrand are 22k)
Size big kilo bars are a pain to move quickly, too small 1/10oz or 1/20oz and premiums eat into your returns.
Recognition PAMP bars more recognized than Poh Kong Bunga Raya for example.
Nothing wrong with Poh Kong, just there's less point of friction during selling process.
The list goes on and on you get the idea.

Buying is easy, the difficulty is a viable exit strategy.

Gold is not for everybody, hopefully it fits your needs

[/quote]

Thanks Sifus for all the insight! Looks like I can only look coz still got a long list to settle (before going into gold)!

Thanks Sifus for all the insight! Looks like I can only look coz still got a long list to settle (before going into gold)!

[/quote]
Bro, u certified solid gentleman. Respects! The forum is for responsible sharing n social force that binds fellow forumers to a better financial future.
As u correctly concluded, its never abt questioning your affordability but, we Older unkers have a moral obligation ensuring you prioritize your free cash flow.
Good luck on your journey, keep in touch, n im looking forward to your upcoming gold stack that will even blow Unker Prophetjul n Aaron away.


This post has been edited by Unkerpanjang: Sep 11 2021, 08:41 AM

We often hear of market manipulation
Link to the article it's a worthwhile reading material.

https://www.bloomberg.com/news/articles/202...-by-prosecutors

Inside the JPMorgan Trading Desk the U.S. Called a Crime Ring
The U.S. says the precious metals desk at JPMorgan was a racketeering operation. Now the bank is poised to pay a record penalty for spoofing. Here’s a look behind eight years of alleged conspiracy

If Bloomberg article is TLDR here's a video.

https://www.youtube.com/watch?v=FSh8eusFYL4&t=455s

This post has been edited by aaronpang: Sep 15 2021, 10:06 AM

[quote=Unkerpanjang,Sep 11 2021, 08:35 AM]
Thanks Sifus for all the insight! Looks like I can only look coz still got a long list to settle (before going into gold)!

[/quote]
Bro, u certified solid gentleman. Respects! The forum is for responsible sharing n social force that binds fellow forumers to a better financial future.
As u correctly concluded, its never abt questioning your affordability but, we Older unkers have a moral obligation ensuring you prioritize your free cash flow.
Good luck on your journey, keep in touch, n im looking forward to your upcoming gold stack that will even blow Unker Prophetjul n Aaron away.

[/quote]

Liquidated RM400k overseas bond n stocks. Am part of the people thinking major blackswan event approaching fast but dunno when...inflation spike, then by early next year looming deflation.

Plan to DCA nto Maybank gold account DCA + while monitoring liquidity sucked out from klse goldetf (lifeless)

Likely, posturing most into crypto if short term sell off. Fish Eher below $2970, XRP below $0.85.

Hesitant to buy more physical gold due to having emotion conflict with exit strategy. (Buy n never sell. Increase wealth but reduces free cash flow)
Heavy silver n gold manipulation now, expect defining moment in Dec month. Fight btw Commercial Banks vs 'The Others'. We shall see.

Ride the uptrend till yearend, n once total market crashes, convert into currency n bank into sspn, kwsp. To sifus, share your opinion.

Hi, Maybank gold account are we referring to MAYBANK ISLAMIC GOLD ACCOUNT-I?
I'm looking to DCA into gold as well

There r 2. I chose the normal gold acc. With silver dropping below $24 recently, n gold/silver ratio, all time low....getting wife, to open silver too.
Me theenks, good to park some money there. Problem wt Maybank, need to schedule appt...Oct calander already all taken up.

Another way I thought of was to use FSM to buy RHB Gold and General fund. Haven't look into the service charges etc.
I think this one have Silver in the portfolio, maybe.