The investment duration seems good. But, what about your priorities? Have u built up your Kwsp, Sspn, emergency funds, housing loans? Like previously shared, these currency investment give u dividends to supplement your income during work life n retirement.

Gold doesn't give dividends, gold is just a store of value. So, pls elaborate, cashing out gold during emergencies? You can see when stocks rise, gold sleeps. When stocks fall, gold falls. So, need to be clear on your emergencies.

Again my thoughts, precedence already set for general public to cash out kwsp during such trying times. Im confident kwsp will continue, so no reason for younger people NOT to max their Kwsp contributions during good times.

Haha, not to frustrate you, nor any selfish intentions. Just ensure your thought process hold water. If all systems go, my next question will be what $$$ will be gold investment and/or % of your networth in gold. Paper or physical gold?

Why gold? Gold is mostly bought by Central Banks, space industry n Eastern people. Why not invest in Industrial Metals like silver? Tesla, Apple, Solar companies uses lots of Ag. (On the flip side, dont u think the E Musk, T Cooks, understand the price impact of this commodity on their P&L? Im sure they're party into shorting price of Ag, Cu, Zn, etc) If we cant even trade a single stock well, theres no way we can trade Ag ($1T), Au ($8T), too many considerations n too big.

Get the strategy firmed up, whether kijang, maple, kru, bar vs coin etc is not the priority.

This post has been edited by Unkerpanjang: Mar 8 2021, 08:42 AM

Actually, if above usd10k, must declare. Doesnt mean cannot take out of country.
No issue with cash, why carry so much, bank account need not declare.
Just declare in-out, n show proof of local purchase, u shud be ok.

Good to have some fears n scenario planning (what u doing now) vs a green horn.
My worry has always been the destination airport customs. ( i mean the corrupted ones).
Personally, i hand carried some large amounts of cash back to MY to make purchases, the biggest was SGD450K.
The MY Customs officer wanted to see the stack.

This post has been edited by Unkerpanjang: Mar 14 2021, 07:45 AM

Bro, u seem like a well balannced guy, (head screwed correctly), most others are a like owning one or the other.
Good to diversify, u r doing right!

SG, CBNI form; MY, Borang 22 form, ..take look n familiarize with the forms. Or, such forms other countries u relocating to.
No lah, i very stingy one, i get better rates with my 'friend' money changers....i dislike big banks/institutions earning my $ thru transactions.
Hence, never bothered abt premium/privilege accts, etc.
All the best, to your new journey n frontiers. Congrats!

Hmm, thread very quiet n dropping to obscurity (no longer top 10).
Disclosure, I don't own any BTC (well actually, only RM3 BTC) , I only invest in utility coins....current amt is 0.6% net worth + 0.3% cash deposited in crypto wallet to buy the dip.
My daughters started buying maybank gold.
That's all for now. Thank you.

Bro, go back couple of pages, refer to thread#3857.
We then chat further.

If it's a either/or question... My choice will be Lbma.

Pls check, the bunga Raya,... animal zodiac etc is more expensive.

If u r not into physical gold stacking, dont force yourself.
Recommend you gift the voucher (to an important extended family member) or sell the voucher (to a colleague thats visibly wearing jewellery).
The voucher cannot be worth $thousands, correct? Likely in $hundred(s).
Alternatively, if u serious in fengshui,...buy a fengshui gold item, maybe can help u Huat Ah!

This post has been edited by Unkerpanjang: Mar 31 2021, 07:55 PM

Bro, understand Yr predicament. Caught btw a rock n a hard place. Yr mail suggests u r a saver. Here's the options avail.

#1. Spend just enuf to match the voucher value. So that, u minimize the top-up amount.

#2. Spend to buy the best value item over spot. For me it'll be a 100 grams Lbma. Hold on to voucher, n buy when weakness in gold price. Sell back will be a 5-10% spread.

#3. Gift the voucher to someone u care/love. It'll make u feel like a millionaire. That joy feeling is priceless.

Hmm, gold is like past the hype liao. As the top 1% people say...collect when its unloved. Maybank ok lah, ...

This post has been edited by Unkerpanjang: Apr 18 2021, 03:25 PM

We can only hope for the best n prepare for the worst. The human mind is most powerful tool. It can either trigger a person to do something about it or do nothing.
Weekend approaching fast, let me share my gold stacking journey n post it here. Purely for fun flexing!

This post has been edited by Unkerpanjang: Sep 3 2021, 05:46 AM

Only problem, no dividend earned from phsical gold holdings. As mention, part of asset diversification. Need other investments to offset dividends for this sleeping asset.
Just forum sharing as i enjoy gold stacking.
1. Pamp bars. Buy min 50gms, preferably 100gms, minimize % over spot
2. Rounds 1oz n Fractionals. Higher % compwred to bars
3. Lunar series 100gms n 1oz. Avoid at all cost (where possible). But i appreciate feng shui.
4. 24K jewellery approx 450 gms. Best way to walk thru airports w/o customs check
5. Numesmatic gold. Parts of my solid gold collection by famous late-TH monks. My fav pass time once retired n control this endemic. Shoot documentary on gold talisman.
There's still Quater dollar Liberty Head coins n other jewellery gifted by parents, kept i deposit

This post has been edited by Unkerpanjang: Mar 19 2023, 02:33 PM

I guess you r ard 40-42 yo. Allow me to correct your statement above. Price is always a relative measurement. If u r filthy rich, price is never a concern, E.g Jho Low... Splurging his ill gotten gains on over-priced material things n beautiful people.

Otherwise, I wud consider your comments as condescending. Buy because u anticipate the value of gold, or any other asset appreciating.

I have more trust on Germany inflation data, (as compared to USA,,) . As u can see, inflation spiking. Prices expected to inflate... Always compare prices against your spending power. Pray hard your housing loan interest doesn't go way Up!

Haha, fun flexing only... See, I anticipate the big whales oso jump in to share muscle flexing. Got free time, u pls take some photos of Yr favourite items, lah!

Start with your high relief MS69 coin!!!!

This post has been edited by Unkerpanjang: Sep 6 2021, 12:06 PM

Beauty!!! Syiok just stare at both!

This post has been edited by Unkerpanjang: Sep 6 2021, 02:33 PM

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.

This post has been edited by Unkerpanjang: Sep 7 2021, 05:44 AM

On the flip side, listen to YouTube Franklin ceo Andy Schectman. Straight shooter. Another smart guy, understand paper gold scam round table talk n implications on US petrodollar currency, stocks n bonds,... Recent event Saudi sign military agreement with Russia. China with Nigeria.

Time to own physical gold?




This post has been edited by Unkerpanjang: Sep 7 2021, 05:49 PM

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

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.