Yikes gold moving again after fed decision I was planing to buy a bit of gold but now

Gold around 1158.xx now (slightly higher than last 1 - 2 weeks ago)...

But due to MYR strengthening + weakening USD (only 4.1xxx now), the value of gold has become significantly lower in Malaysia for the time being...

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OK...

Anyway, gold up a bit more to around 1165.xx (per ounce) now; & looks like set to continue rising a bit more...

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As an aside, crude oil also looks to be on the rise...

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117x---118x  is excellent bro....jangan jangan 112x.....

AM Precious Metal...climbing these few days...

Can I buy previously-issued BNM-issued gold coins from goldsmith shops ?
Say someone needs cash and sell his gold coins to goldsmith shops so they can resell to others.

I got a question. Where you guys sell off your Gold Bullion? Let's say for the Canadian Maple, where will you choose to sell it?

Is it better to sell it in shops like Poh Kong??

I just curious. Not selling it also. Coz I see if we sell at goldsmith, the price are not that good unless we sell at buysilverMalaysia. But then it's very leceh unless we go straight to their counter.

I happened to have a chance to buy a 0.5 gram gold bar at price of RM90.
Seems like it is RM10 above spot price, does it a good deal?

knight ronho call me random

a little update from lazada: The seller's parcel reached me today, but the gold bar seems sealed, how to test it whether its really gold or brass?

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The "high-value" birthday card

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"pure gold"

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pull out and see

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the other side of card

Guys wanna ask if the Gold Investment Account is credible? In event of bank runs, how confident are you that you can withdraw the gold physically?

The best institutions to provide this Gold Account are Public Gold & Kuwait Finance House because the account back by real physical gold. You can sell back for cash or withdraw physical gold.

Those bank only have gold on paper. They only offer cash or crediting of account. No physical to withdraw.

Kuwait is waiting for the right buyer than they will shift to Turkey. Still no one knows how soon it will materialize.

Public Gold is not MLM company. They never have the license to operate as MLM and not interested to be one.  What people misunderstood is the commission given to dealer for introduce new customer. That's all. No need customer to find another 10 customers, and below customers to find any customers.

It is up to individual whether they want to purchase for themselves or if they want to make extra income, they can be an authorized dealer and introduce and assist new customer to buy and get the gold. Educated them not to fall into the fake Gold Scheme and such.

And new client don't have to pay any fee. If lets say they want to buy RM10k, then they will get 10k worth of gold along their own Customer ID, so they can check their transaction or statement online.

In MLM world, you need to find lets say 3 underlings, and that 3 underlings find another 3 or 4 or 5 each and the line continues. Got a lot of level need to upgrade by paying for nothing, pairing systems and  etc. Their system is confusing. And the product or whatever they promise are meh.

Anyone can wassup me@0193520178 if need to ask anything and fast reply about Public Gold.

The posting of any MLM, get-rich-quick, referral programs, pyramid schemes is strictly prohibited here and anywhere else in Lowyat.NET. Any such postings will result in an immediate 3 day suspension of your account.

Apologize, but I never recall I wrote such thing.

Public Gold is not a part of any bank. Except, they have authorized by Bank Negara to do the business. This is widely known for those who follows the thread from beginning.

The best institutions to provide this Gold Account are Public Gold & Kuwait Finance House because the account back by real physical gold. You can sell back for cash or withdraw physical gold.

Those bank only have gold on paper. They only offer cash or crediting of account. No physical to withdraw.

There's neither cert nor assayer with the package, it comes with a birthday card and Nubex invoice, thats all

Yes I think the safest method is to buy and withdraw as physical gold immediately. I also suspected they are practising fractional gold reserve, keep some portion on the vault and sell more gold certificates. This will be a problem when all wanna withdraw at the same time, i.e. during crisis.

Yeah I wonder is there a difference? My intuition was in physical there would be a bit of premium? Since you can buy it directly. 

Wow didnt know its cheaper to buy physical gold directly than buy from the bank. By the way, are the sites that you mentioned above trustable? What happens if they dont deliver? 

How about the buy sell value difference? If let's say you buy and sell now, which 1 give more damage??

pointless to keep track of the gold price like this(unless u're trading paper gold)....might as well trade shares...

Dont worry about small fluctuations in price, when SHTF you will realize your effort to save a few hundred ringgit is not worth it. 

if i want maybank. what is the mim and max rate for the gold normally? so i know when to buy

Yes, that is why I'm planning to sell-off all my gold (I have been waiting for just the ideal time to do it asap), & then transfer it into another different type of investment (one that is more suitable for me).

Thanks for the "awareness" (which I didn't knew before) that going for gold is actually not about "investing to make a profit; I began to understand now that it is actually just to hedge against (MYR) inflation in MY that's about it, nothing more & nothing less.

Ever since I discovered other more ideal types of investment more suitable for myself (more recently), I began to feel that gold was the wrong type of investment (for my kind of expectation). So thanks for the heads up on gold's actual purpose to serve as.

No hard feelings to any of you "Goldbugs" in here; you all have your strong reasons & philosophy to hold gold.

But for me..., I'm just at the moment of diverting my attention to Forex...

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