Not sure but it happens after China devalues the yuan. On another note, Ringgit hits RM4 today.. so we can expect pricier gold if buying in RM.

You can try silvermalaysia.com though they don't sell gold coins, only bars and it's cheaper. If you're concerned about if you could sell it off in other country, buy those minted by well known mints like PAMP (just google around) or buy gold coins such as Maple Leaf, Kangaroo Nugget, etc.. IT MAKES A LOT OF DIFFERENCES between buying well known and lesser/unknown gold bars/rounds. Shops would be more willing to buy well known gold bars compared to lesser/unknown ones. UOB bank currently offers the best rate (except for 1g) for coins and bars. However, you can only buy it at the HQ in KL and you have to open a saving account with them. The fact that it's sold by UOB bank, other shops would be more willing to buy (if you're selling to them) as it's definitely genuine(it comes with a cert/receipt from UOB).

This post has been edited by sinbad2k: Aug 16 2015, 06:51 PM

I'm not sure which gold bar you're looking at but most silvermalaysia's spread are lower than buysilvermalaysia's.

Yeah, their 1g bar are more expensive. I'd recommend you to buy gold bar in higher weight because it's cheaper in weight per RM. (but not Kilo bars if you can afford it)

They probably have policy in place to not accept gold bullion products as there are too many fakes out there or they don't have the equipment or they don't want to waste time assaying your gold. Not that they don't recognise well known mints like PAMP. You can try your luck with other shops. Having said that, these gold jewellery shops rates/spreads are kind of ripoff even if they're willing to buy from you unless you can negotiate better rates with them.

Try SilverMalaysia.com, BuySilverMalaysia.com or Nubex.


You can only buy at the KL HQ at Jalan Raja Laut. Also, you have to open a savings account with them to buy it if you don't already have one. The bank will deduct money from your savings account. Just bring your cash and said you want to buy gold and they'll direct you to open a savings account. 100g bar should be fine I reckon. Smaller bar are easier to sell off usually but cost more in terms of weight/price. Be sure to keep the cert/receipt the bank give you. That cert/receipt certifies the gold is authentic(we're talking about UOB Bank here) in addition to the PAMP cert that comes with the gold bar. With that cert/receipt, it gives more confidence/assurance to other buyers, if you want to sell it off later. If you want to sell back to the bank, that cert/receipt is mandatory.

Well, why don't you (instead of buying pamp gold bar)?

That's too bad if you're not located in KL. UOB must have their own reasons. You may wanna consider buying online from BuySilverMalaysia, silvermalaysia or nubex. Actually you consider Kijang Emas gold coin.

Oh really?I bought Maple Leaf 2 months ago when gold is still 1170-ish. Was planning to get PAMP n kangaroo coin when it got hit to 1080-ish but missed the boat. Y must insist on PAMP?Gold coins are even better and more expensive usually elsewhere and the kangaroo nugget carry some numismatics value.

There's nowhere stating that those paper gold account are claims to physical gold other it's than priced according to spot price. That's not reassuring. Used to have an account with cimb but I closed it.

Was expecting a continuous downtrend when it got hit twice to 1080...but it's going up now.

What about Kijang Emas gold coin from Maybank?

How much high?Nobody knows for sure. Will it keep increasing?Depends on who you want to believe.


I've been keeping track of the price of Kijang Emas 1Oz. gold coin and UOB's Maple Leaf 1 Oz. gold coin price daily for the past 1 1/2 year. Kijang Emas gold coin usually are around RM60-70 more expensive than UOB's Maple Leaf. But today, the Maple Leaf is more expensive that the Kijang Emas...interesting

This post has been edited by sinbad2k: Aug 21 2015, 12:01 PM

Not sure what economy crash you're referring to, but when that happens, share & property prices will tumble and isn't that a good time to buy them cheap instead of putting it in gold? If you're talking about currency crash, do you think by that time banks will still be open for you to withdraw/transfer money?I'm not sure with UOB Gold Investment account, but I reckon it's quite similar to other bank's t&c, where there's a clause stating that the somewhere along the lines of the bank has the final say on the conversion rates to RM, at least for CIMB's Gold Investment account. Yes, downside of physical gold is storing/keeping it... gotta be creative with that.

When situation really bad, the banks might have already in their emergency mode before the masses get to know anything. You probably won't be able to back everything or worst case, anything at all. But that's just hypothetical. My opinion is that, physical gold like gold coins or bars from well known mint would be better because at least it's not with the bank or tied to a bank's system if something really bad like currency failure really happen. You can sell it back to the bank or other gold bullion dealers provided they're gold coins(not gold rounds, mind you) or bars from well known mints, but when the economy crashes, the entity that would most probably still have the $$ to buy your gold would be banks.


Stashing into books could work if you have a huge rack of books. There are so many other ways...

Explain how will the gold burden one?Too heavy to carry?Worst case scenario, that would be hyperinflation of RM, (which doesn't seem possible at this point of time), or to be more realistic, severe devaluation of RM, gold's value will not devalue together or as much as RM. When the RM stabilizes after that or when there would be a new RM currency, you get to exchange ur gold for more RM.

You don't get my what I said about currency stability. It's about the stability of the exchange rate.(when the rate stop fluctuating greatly) And what you mentioned about China after ww2 (though I've never heard of that event), that's because of the ruling regime was establishing new monetary system after chaos of war and during period of rebuilding the country. Franklin Roosevelt once signed an executive order to confiscate gold and outlawed public possession of gold too in 1933. But events like this, though not impossible, are not very likely now and besides, we don't have anything like executive order in msia.
Let's assume that the gov do confiscate gold from the public n force them to change to new currency. This would also apply to others who don't own gold and the old currency will need to be exchange for the new one. Do you think those who exchange their old currency will be able to exchange more compared to those who use gold to exchange it? Don't even mention when the gov doesn't confiscate gold from the public! Even if the new currency do go south after that, the fact remains that those who use gold to exchange has more $$. The old currency can't possibly worth more than gold.

What's the weight of ur pamp bars n kijang emas?

This post has been edited by sinbad2k: Aug 23 2015, 12:00 AM

Just get it now if you still can manage to buy any.

If you're based in KL, I recommend you go UOB. If not go Maybank but they only have Kijang Emas gold coin which is more expensive than UOB (comparing a 1 Oz. gold coin by around RM60-70 usually). Good about Maybank is that their branches that buy/sell gold are a lot more everywhere compared to UOB where you can only buy/sell at their HQ in KL. Having said that, you don't always have to sell back to the bank.


What weight that's out of stock btw?

This post has been edited by sinbad2k: Aug 25 2015, 02:41 PM

I see. But what about 1 Oz. coin/bar? 1 Oz. Kijang Emas out of stock?That's fast.

Those ratings are just sellers' own rating for the condition of product. Newbies would've misunderstood for something else. Unless the product is seriously chipped, dented, scratched, etc.. those ratings are meaningless to most ppl who just want to park their $ in gold. Only collectors will mind those ratings.

Not bashing you or discouraging others from buying 1g gold, but if the situation deteriorated to the extent of "not many people could afford to buy 5g/10g/100g" (such as hyperinflation, which is not likely now), I don't think those who has enough money at that time would even buy 1g from you. They would have use the $ for their own survival. If it really happens, 1g would only be handy in buying daily goods, not parking the bulk of your $$. But then, people could also be using silver instead at that time as the value can be smaller. For those doomsday preppers, keeping gold in variety of weight is a better strategy.

This post has been edited by sinbad2k: Aug 27 2015, 11:54 AM

if not because of rarity, it's probably because of the design costs and the way the mints price their products. I reckon PM buyers only cares about the weight,purity and how well accepted/recognised that product is.