spread is low, good.

only issue is vol is typically low, can't buy/sell big amounts easily.

retail gold 999... the spread is worse, 12-15% typically, depending on type, maker, size.


anyone bought/sold from this one in starling mall before? experience?

think they take only cash or online transfer, no credit cards.

https://mybulliontrade.com/product-category.../buy-gold-bars/

This post has been edited by AVFAN: Nov 26 2024, 09:50 AM

Date $/oz RM/g RM/$

26 nov 2629 377.45 4.463 (new US treasury sec, risk on, profit taking, shorts)
22 nov 2677 385.35 4.477 (russia fires new Oreshnik IRBM missile at ukraine)
21 nov 2656 382.25 4.476 (ukraine fires US ATACMS, UK Storm Shadow missiles into russia)
20 nov 2639 379.00 4.468 (russia lowers threshold on use of nuclear weapons)
15 nov 2563 368.43 4.471
08 nov 2700 380.80 4.385 (fed rate cut 25bps)
07 nov 2662 378.62 4.422 (trump win aftermath)
06 nov 2738 387.70 4.403
31 oct 2788 392.60 4.379 (new record high in $, RM)
30 oct 2778 390.40 4.369
29 oct 2744 385.00 4.362
23 oct 2746 382.51 4.332
18 oct 2700 374.00 4.310
11 oct 2652 365.62 4.288
04 oct 2662 362.40 4.234


tread carefully, the bears are coming out to play!

when you say retail gold is worse, does it mean that investment into physical gold is not such a wise decision?

for pure investment, easy buy-sell, convenience, low spread, e-gold or gold etfs are the best.

but u don't get to hold or even see the gold.

gold coins & bars are appealing as u keep them like your loved toys.

but where u buy & sell them can be a task as some have pretty high spreads, esp retail jewelry shops.

i hv limited experience with physical gold, better let others like prophetjul elaborate.


one thing that has been said again and again, critical to remember:

gold is NOT for quick trade or short term, esp physical gold.

but keep it for >10 years, the real value remains or increases.

For physical gold, there are extra costs and constraints and joy.
You need storage for them. You can only sell to willing buyers at their rates, eg banks, Razak, etc.
The easiest to deal with is Kijangs and Maybank.
You get touch them. Enjoy their designs and beautiful workmanship.

Yes, was told the same thing when did enquiry at Jln Ampang UOB.

Then was asked if the bullion in proper cover/original packaging. I was like wtf, like time you just handed me in its bare form.

Now worried it may affect my selling price.

Mine are all in their capsules together with UOB certificates from 23 years ago.

No big deal as you can resell it to other bullion dealers if you have opened or if the original packaging is torn. You can speak to a rep at SilverBullion.

Very good price back then 🤑

Prices will not be as good as the issuer bank.
The closest offer is Razak.

thanks

Ceasefire

Deleted

This post has been edited by Unkerpanjang: Jan 31 2025, 01:50 AM

i can suggest USA etfs but one might not have usa trading account

This post has been edited by Medufsaid: Nov 28 2024, 08:03 AM

A few hundred K RM can be done easily.

Unless u want to trade millions one shot, then yeah, could be problem with pricing.

Unfortunately most people think buying gold is an investment which they only look at nominal gains. Buy it for wealth preservation; i.e. hedge against inflation & currency debasement.

Date $/oz RM/g RM/$

29 nov 2657 379.45 4.441 (Ukraine war escalates, Russia threatens to hit Kiev with Oreshnik missiles))
26 nov 2629 377.45 4.463 (new US treasury sec, risk on, profit taking, shorts)
22 nov 2677 385.35 4.477 (russia fires new Oreshnik IRBM missile at ukraine)
21 nov 2656 382.25 4.476 (ukraine fires US ATACMS, UK Storm Shadow missiles into russia)
20 nov 2639 379.00 4.468 (russia lowers threshold on use of nuclear weapons)
15 nov 2563 368.43 4.471
08 nov 2700 380.80 4.385 (fed rate cut 25bps)
07 nov 2662 378.62 4.422 (trump win aftermath)
06 nov 2738 387.70 4.403
31 oct 2788 392.60 4.379 (new record high in $, RM)
30 oct 2778 390.40 4.369
29 oct 2744 385.00 4.362
23 oct 2746 382.51 4.332
18 oct 2700 374.00 4.310
11 oct 2652 365.62 4.288
04 oct 2662 362.40 4.234


war escalates in ukirane; rebels major offensive in syria; undersea cables severed in europe.

1 Dec 2635 377.93 (Turkey banned gold)
29 nov 2657 379.45 4.441 (Ukraine war escalates, Russia threatens to hit Kiev with Oreshnik missiles))
26 nov 2629 377.45 4.463 (new US treasury sec, risk on, profit taking, shorts)
22 nov 2677 385.35 4.477 (russia fires new Oreshnik IRBM missile at ukraine)
21 nov 2656 382.25 4.476 (ukraine fires US ATACMS, UK Storm Shadow missiles into russia)
20 nov 2639 379.00 4.468 (russia lowers threshold on use of nuclear weapons)
15 nov 2563 368.43 4.471
08 nov 2700 380.80 4.385 (fed rate cut 25bps)
07 nov 2662 378.62 4.422 (trump win aftermath)
06 nov 2738 387.70 4.403
31 oct 2788 392.60 4.379 (new record high in $, RM)
30 oct 2778 390.40 4.369
29 oct 2744 385.00 4.362
23 oct 2746 382.51 4.332
18 oct 2700 374.00 4.310
11 oct 2652 365.62 4.288
04 oct 2662 362.40 4.234

Date $/oz RM/g RM/$

03 dec 2644 380.00 4.469 (awaiting Fed decision 18 dec; 63% chance of 25bps rate cut)
29 nov 2657 379.45 4.441 (Ukraine war escalates, Russia threatens to hit Kiev with Oreshnik missiles))
26 nov 2629 377.45 4.463 (new US treasury sec, risk on, profit taking, shorts)
22 nov 2677 385.35 4.477 (russia fires new Oreshnik IRBM missile at ukraine)
21 nov 2656 382.25 4.476 (ukraine fires US ATACMS, UK Storm Shadow missiles into russia)
20 nov 2639 379.00 4.468 (russia lowers threshold on use of nuclear weapons)
08 nov 2700 380.80 4.385 (fed rate cut 25bps)
07 nov 2662 378.62 4.422 (trump win aftermath)
31 oct 2788 392.60 4.379 (new record high in $, RM)
04 oct 2662 362.40 4.234


there's trump's threat to impose 100% import tariff on BRICS; syrian civil war escalation.

anyone already trade with Bursa Gold Dinar ?
I just registered.