QUOTE(angmoreasian @ Mar 3 2016, 05:40 AM)
Not sure why u say buy pamp is a mistake 
anyway just check bsm buyback also is around 5.6% for 100g 999 gold if u buy from them that is...
As for public gold me not so keen as outside of malaysia nobody know them and the spread when selling back public gold is around 6.38% for 100g 999 gold so slightly worst actually.
Bottom line is selling in malaysia is pain in the ass
Yeah..this Public Gold may not well suits you or other big players but to most people who want to keep gold and only has small budget let alone go overseas just to sell their gold , this where Public Gold enter into the picture. They can buy and sell 1gram with spread only 8%, compare to example 1gm Pamp at buysilver with 28% spread!! anyway just check bsm buyback also is around 5.6% for 100g 999 gold if u buy from them that is...
As for public gold me not so keen as outside of malaysia nobody know them and the spread when selling back public gold is around 6.38% for 100g 999 gold so slightly worst actually.
Bottom line is selling in malaysia is pain in the ass
Check again the same weight of gold Public Gold selling
1 PAMP / Perth Mint 1g Bar 205.76 (Sell) 160.80 (Buy) 27.97% (Spread) 8% (Public Gold Spread)
2 PAMP / Perth Mint 5g Bar 961.25 (Sell) 803.90 (Buy) 19.58%(Spread) 8%(Public Gold Spread)
3 PAMP / Perth Mint 10g Bar 1,804.88 (Sell) 1,607.80 (Buy) 12.26% (Spread) 8%(Public Gold Spread)
4 PAMP / Perth Mint 20g Bar 3,539.68 (Sell) 3,215.60(Buy) 10.08% (Spread) 7%(Public Gold Spread)
5 PAMP / Perth Mint 50g Bar 8,607.67 (Sell) 8,038.90(Buy) 7.08% (Spread) 6.5%(Public Gold Spread)
Point is, as long as the gold is genuine, established and accepted locally (such as collaboration with Pos Ar Rahnu), it is good enough. No need to worry about International recognition even though Public Gold already has branch at Singapore and soon, Indonesia.
As I said before. to each his own. It is our hard earn money, up to the person how to spend it...hehe
Mar 3 2016, 06:31 AM

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