Mind sharing from where you normally buy & sell physical gold?

Mind sharing from where you normally buy & sell physical gold?

1gm are expensive on the physical side and hard to sell (unless they want to collect them, anything below 100g and "minted" are just for collection and rare ones with nice serial number and cert are a real collectables, "cast" usually bought for real gold value and are melted for jewellery).. you want to buy cast 100gm to get at market price

would u give examples of how difficult to sell of physical gold  .vs.  paper gold(from bank)  ?

would u give examples of how difficult to sell of physical gold  .vs.  paper gold(from bank)  ?

would u give examples of how difficult to sell of physical gold  .vs.  paper gold(from bank)  ?

buy gold from poh kong (they say follow market price)
Process;
go poh kong buy gold (RM150)
Price increase to RM200
go back poh kong with physical gold sell to them at RM200
but there is transaction cost(can't remember what they call it)
so actually profit only RM 30 or RM 40 only

buy gold from maybank
Process:
go online click buy
but because the spread is so freakin high even when the price appreciate 10USD u can't sell, u will only be making few ringgit

my strategy
trade gold in spot market & buy to wear

some poh kong treat your gold as second hand gold and want to pay you lower price... which is ridiculous

theres is a few place you can get cheaper than market.. but you run the risk of getting "AIR".. aka "sontot"

would u give examples of how difficult to sell of physical gold  .vs.  paper gold(from bank)  ?

buy gold from poh kong (they say follow market price)
Process;
go poh kong buy gold (RM150)
Price increase to RM200
go back poh kong with physical gold sell to them at RM200
but there is transaction cost(can't remember what they call it)
so actually profit only RM 30 or RM 40 only

buy gold from maybank
Process:
go online click buy
but because the spread is so freakin high even when the price appreciate 10USD u can't sell, u will only be making few ringgit

my strategy
trade gold in spot market & buy to wear

paper gold easy.. but bank makes lot of profit.. not you.

Physical gold seller make even more profit... 

Paper gold
Buy 130, sell 133

Physical may be
Buy 120, sell 150.

Both physical gold and paper goes up and down at the same pace one, in fact paper gold movement is following more closely to the gold market instead of physical.

Physical gold seller make even more profit... 

Paper gold
Buy 130, sell 133

Physical may be
Buy 120, sell 150.

Both physical gold and paper goes up and down at the same pace one, in fact paper gold movement is following more closely to the gold market instead of physical.

If you're looking for short term profit, you shouldn't be investing in gold.

Physical gold more expensive by 20%?? Could you give an example? If you're referring to physical gold that can be withdraw from bank in paper gold accounts (e.g. CIMB), it's around that figure. Doesn't worth it and it's a blatant ripoff. Local goldsmiths shops are ripoffs too.

Physical gold is definitely more expensive that paper gold because of the costs of making it + some profit and usually not that ridiculously more expensive that paper gold (depending on the type of physical gold and from where you buy it).

If you're into physical gold, you should buy :

1)Gold coins -
Coins minted by Government mints with face value and is legal tender (e.g. Malaysia's Kijang Emas, Canadian Gold Maple Leaf, American Gold/Buffalo Coin, Australian Gold Kangaroo, Chinese Gold Panda, Austrian Philaharmonic,etc.

2)Gold rounds -
Same shape as coins but they can't be called coins because they're not Government minted and does not have face value and is not legal tender. They're minted by private mints. Each private mints have their unique designs and serial number. If you prefer this, make sure to buy rounds minted by internationally recognised mints. e.g. PAMP Suisse, Johnson Matthey, Sunshine Mint, Royal Canadian Mint, Perth Mint, etc..

3)Gold bars -
Same as gold rounds except that they come in bar shape.

Thx for enlightening.    But based on ur expertise, which one sell *relatively* easier, physical gold or paper gold ?

What about physical gold from bank ?  Is it about the same or more difficult to sell?  And what other factors to take in ?

well, when i buy,  i already told myself that it will be for long term, 20 years or even more. But after i buy, the price drop...


if the price did not drop or stay flat after 20 years...i be at a loss also...

let me test out and find it out for real after 20-30 years, if i really earn money or lose money by buying gold... btw, i choose option 1...gold coins...

   

Physical gold seller make even more profit... 

Paper gold
Buy 130, sell 133

Physical may be
Buy 120, sell 150.

Both physical gold and paper goes up and down at the same pace one, in fact paper gold movement is following more closely to the gold market instead of physical.

But the risk of [/B] PAPER [ gold is, you hold nothing but paper. Better to hold physical gold.

Because when you open a Gold Investment account as they call it, the bank states, that, it is not guaranteed. Even to convert back to physical gold is a problem.

On top of that. The prices are determined by the bank and by the bank themselves. If they suka suka say... when you want to sell, the price drop, you cannot say anything, just suck thumb.

or worst case scenario, the bank tutup kedai, you still just holding a piece of paper.

Thats why physical Gold is best.

There is no best in term of risk,

Paper gold - bank close shop

Physical - stolen, robbery, fake gold

The risk of bank close shop that resulted in customer deposit/account gone, as shown in the past, none.
Stolen, robbery, fake gold, plenty out there, even safe deposit box also got stolen cases.

So, I don't think need to give quantitative assessment of risk involved, everyone has own preference. 

PS: Please do not post any Pm me in the post, normally it will be deleted as this is not a place for soliciting. Ty.