RM2k will get u 5g only.

lighter bars usually have labor charge included while heavier ones may have it waived.

also, best to know how they calculate when u sell back to them in future.

typically, with the certificate/receipt, selling back to original seller gets u a slightly better price.

I believe we need to go back to the basics and recognize that precious metals, like physical gold, are always regarded as a store of value.

When purchasing gold, it's important to understand that you're likely to hold onto it for at least 5-10 years, or even pass it on to the next generation.

If you buy gold now, you'll incur a premium cost, meaning you'll likely face a loss in value initially. It's unlikely you'll turn a profit in the short term.

In my opinion, if you have funds that you don't need immediately and are concerned about currency depreciation and inflation, investing in precious metals could be a good option.

for smaller amounts, lower spread, this may be a good option:
https://bgd.bursamalaysia.com/en/index.html

currently RM362 per g.

but i am not in it... so, dunno the details...

my view is gold should be seen more as wealth preservation as in the very long term, it does does not depreciate like fiat currencies.

as an investment, it will be all about when u go in n out.

on top of that, the spread can make it very unattractive depending on what u go for.

between 2013 and 2019, for 6 years, u either lose out or gained very little as gold price was just flat.

currently, it may be a bit too much for some - fed cutting rates, wars, RM fast strengthening (but can weaken just as fast).

gold is certainly not for cepat kaya; pretty good for very long term savings.

Never buy any gold from Jewellery shop for investment. End of.

Gold is consolidating at this point but prices will likely retest the all-time high of $2,685 as charts show persistent strong upward trends, said Brian Lan, managing director at Singapore-based dealer GoldSilver Central.

Investors are watching out for the ISM services data and the initial jobless claims, due later in the day, along with the U.S. non-farm payroll data expected on Friday.

Odds for a 50 bps cut reduced to 37% versus with 49% last week

https://www.reuters.com/markets/commodities...ata-2024-10-03/

Agreed. Im with Public Gold, much better spread around
6-9% vs jewelry shop which is double digits spread.

6 month gold price already move 15%, so already profited as spread is <10%.

This post has been edited by nanan75: Oct 3 2024, 10:10 PM

I prefer Gold ETF, less than a percent spread.

Kijang emas physical or passbook account is probably the best if you want to invest in gold.

rm364 now with this trader... profit ada ka?


"U.S. crude oil jumps as Biden comments on possible Israel retaliation against Iran"

if oil infra, the whole thing will escalate very quickly. crude is +8.5% for the week.


gold... $2662/oz; RM362.4/g, RM4.234/$.

nice if RM slide back to 4.40!

Previously interested in this before but too many miscellaneous fee...not sure still worth to buy or not

i m not in this but just curious...

can u describe all the charges, amounts, %...

and today's buy, sell prices?

Fees and charges listed here : https://bgd.bursamalaysia.com/en/help-centr...content=tab-fee
Purchase, sale even withdraw also got charge

Cannot check sell price but can see the live price from main page -- and it's fluctuate and I think refresh every two minutes ?

This post has been edited by Happy350: Oct 4 2024, 01:27 PM

i also pening.

perhaps someone actually using it can give us a summary.

i know for a fact that for e-gold, CIMB spread is about 1.1%, no other charge; UOB is about 1.2%, i believe.

I personally believe people should consider purchase physical (gold bar and gold bean) from reputable shops on Shopee using vouchers. By avoiding premiums or fees, you can buy at prices that are close to market value, which can help mitigate asset risk right away. Furthermore, this approach can significantly lower the risk of potential market price pullbacks. Additionally, using a bank card can provide extra benefits.

Wise words...

Try independent bullion bar traders - MS Gold, Razak gold and Gold Bullion Precious Metal S/B. Their buy sell spread is only 1 to 2% ...

foreign hot money must have continued to leave bursa and mgs.

as us fed is now expected to cut int rate less than expected, us bond yields have risen >4%.

plus china, hk is attracting a lot of hot money now.



RM...4.283/$, 3.284/SGD... a far cry from a couple of weeks ago.

(those analysts, bankers calling 4.0, 3.8, 3.55 have gone silent. )

gold price hasn't moved much in $, but in RM, significant.

$2652/oz, RM365.2/g.


i wud think everyone now has a profit in RM even if u bought gold recently.

more to come?!

If the current international gold price depreciating slowly or remains stable, while the ringgit depreciating rapidly, the price of gold in ringgit will rise.

That was a week ago.

Now...

$2652/Oz; RM365.62, RM4.288/$.

Dun u wish RM returns to 4.40?!