Hello guys, sharing info here.

How if we buy physical gold bar from Internet?
I see a 1 gram gold bar -
PAMP suisse - Multigram+25 (Assay)  priced $47.60, is it in Usd ?
If so, 47.60 × 4.48 =  Rm 213.248 ?
Please correct me
Thanks so much

if u dun hold it u dun own it looohhh...paper claims to gold are scams!

You bought at rm160/g.... It's now rm249/g.
In yr msg, why u need to mention usd?
So, seriously, u now stay in USA?
If u, no need to pay high interest % loan, etc. Just hold on lah.

Our rm will continue to weaken, unemployment, saraan hidup, weak oil price, food inflation, corruption, we revisit your question on gold price after 6 months.

Looks like your gold investment made annual avg 3.7%  gains over last 9 years. You went thru the lows, n now uptrend back.

But now with  kwsp, FD, Asnb, etc dividend yield going downtrend. Most P2P loans lost principal. U qualify ASB?

What other investment choice u got? Unless, u stock picking expert. But gold n stock investment are 2 different asset allocation. Cannot inter mix.

Curious to understand your golden decision.  If doing a poll? Do u think MY economy will improve, worsen or limp along for next 6 months. Your answer will help me validate my own data points.

So is the gold rally over?

You can check Silver Bullion out. Their prices are way better than what you get from normal jewelry or pawn shops and they are much more professional and transparent from my own experiences with them.
Can check them out : https://www.silverbullion.com.my/

Suggest to whatsapp them to set an appointment beforehand as they are appointment based.

If you want to get the best prices, I suggest selling it yourself to an end user (friends, family, FB and etc). Selling it to a company will always be lower than selling it to an end user but it is more hassle free and it comes with documentation if that is a concern. You have to compare apple to apple, company to company buy back prices such as Poh Kong to Tomei or Wah Chan to Habib in order to get a fair comparison. If I am not mistaken most shops which I listed buy back at around 15 - 20% spread so in comparison with 8%, that is actually not bad.

Being an ex Maybanker, I have a few problems with them.
Firstly, it is near impossible to get any stocks of Kijang from them unless you are really lucky and there is no such thing as booking. You have to go to different branches and try your luck everyday.
Second, from what I observed on the back end, do you know all banks in Malaysia have no proper testing equipment and knowledge to test or differentiate a real and fake bullion? I asked my chief cashier who has been serving for more than 15 years, how many grams are in an ounce of gold, she said tak tahu. 

Just in case if you think you cannot purchase fake bullion from a bank, please think again : https://www.cbc.ca/news/canada/ottawa/fake-...-mint-1.4368801

I am not saying that the bank is out to cheat you but the fact that they cannot even tell how many grams in a troy ounce coupled with the fact they have no equipment whatsoever to check whether the bullion is genuine or not is a cause of concern.

On the flip side of the coin, if they have proper testing methodologies and ready stock most of the time, the prices are very very good! I have actually asked them before when I was a staff as to why they do not keep much stock, the reason is that selling physical bullion is a hassle and does not profit them much hence why most of them will divert you to open a gold saving account instead.

Paper gold. Try klse gold etf or bank gold account. I think prudent way to hedge against our potential RM depreciation, (due to deficit) . I use the Kwsp n ASNB dividends to DCA gold.

Physical gold. Try Silverbullion if u in PEN, KL or JHR. I find them best value compared to other MY gold dealers n gold smiths. If u have other recommendations on MY gold dealers, pls share. Also, I find him cheaper than SG Goldsilver n SG  Bullionstar, (after conversion).

Gold etf. Right now traders are shorting GLD, GDX etf, so stay away if u cannot stomach the price volatility.

Lastly, gold requires long term savings/ investmentt, unless u r an experience trader. Reminder, never put all eggs in 1 basket. Take all advice, (mine included) with a pinch of salt.

I am wary of the others.

Your post really making me think 🤔🤔

I have been accumulating only cash in this pandemic time, rather unusual cos I never let my cash idling urgh so unproductive

Many said gold is a hedge against inflation.