1. Paper gold is not recommended coz no real gold involved. All you have only numbers and for muslims, it is already against the islamic law. Unless you only care for the low spread, then go on.

2. Do not buy Investment Precious Metal at jewellery shops, you will shock of the price and other rules such as buyback, trade in price etc.

PM

Those PK, WC and others in KL/PJ follow price set by FGJAM (Federation of Goldsmiths and Jewellers Associations of Malaysia) since they are member. and those kampung gold shop are not, so not in obligation to follow the price.

There are buyers and they like to keep under radar. All I can say is there are about 96 thousands registered customers. No numbers on unregistered though.

7/8%? Good luck. Go to any PK shop, read the T&C. They display it on the counter.

different company and different bank got their own rate. You need to find yourself one by one which 1 give better rate.

Yes. basically it is buy low sell high. How low is low and how high is high nobody know except you. Once you've made the first purchase, make it as your benchmark price, then you will know when to buy or sell next.

You can get it from banks or any reputable local gold company. Cannot give names coz it is taboo here.

The selling price and the buyback are ridiculous

Yes.coz u need to sign in few documents. You do realise you wont be getting any physical gold right?

yeah..also u can see it in grams inside your m2u.

Nothing beats the feeling of holding physical gold.

When you have extra money.

War is not the only reason. there are few others also.

But if war suddenly erupt, there's no guarantee you can get a hold of your digital gold. That's why it is better to hold the physical gold by yourself.

why not. It is one of the safest place you can find coz you know every nook & corner of your house. Just think of something creative.

1-2 kilos simply nothing. 1 kilo bar only as big as your 5.5" phone. smaller denomination much more better to keep & hide.

This post has been edited by zodd: May 7 2017, 10:56 PM

It depends. as of now it is RM183.5k

I do but I dont really call it as investment. I convert the portion of my money for long term saving to preserve the value of wealth.
Anything happen to our/world monetary system, then I have the gold as a safe haven. When paper money fails, the precious metals shine.
and thats only of of many reason why I have faith in physical gold.

and I don't simply buy any brand of gold. my criteria of gold must
1. free gst
2. easy to buy (can lock price 24hrs/ample time of payment/lot of branch)
3. low spread
4. 999.9
5. unlimited stock
6. easy to sell (the company able to buy back in large volume)