Yeah..with LBMA. Thanks

I bought my gold from Public Gold.

The kilo bars of course not suitable to buy smaller goods, thats why I keeps other small denominations from as small as 0.5g, 1g, 5g etc.
This I learned from one of my customers. He orders about 100 plus pieces of 1gram from me every month. To prepare if such things happen in the future.
and Public Gold offer the cheapest 1g domination per piece in Malaysia.

yes there is. the price for 1g minted per piece is high due to minting cost. the heavier the bar, you'll get cheaper price per gram.
if you go to local goldsmith shop, their own brand 1gm bar/wafer price around RM230-250 per piece.

buy the gold from local company which has many branches, recognised gold bars, their gold have LBMA on cert., no qualm on buy back your gold.

Inside the GAP account, it will show only how many grams you have accumulate until one day you decide to withdraw physical gold in these domination
1g,5g,10g,20g,50g, 100g,250g, 1kg,
1/2dinar (2.125g), 1 dinar (4.25g), 5 dinar (21.25g) & 10 dinar (42.5g)

or you can straight away sell the gold back to PG from the GAP account. PG will deposit the money into your registered bank account. There's a button for it.

If you wanna sell it back the gold to PG, it is better to sell back the gold with the lowest spread, so you can maximize your profit.

*The lowest spread would be the heaviest gold bar.

this how the GAP account looks like. you can access it anywhere as long you have internet

Correct

It will use standard spread for 1g which is 9%.

Yes. You can straight away get the gold by using the non-gap way.

Once u bought the gold let's say 1g , regardless by price increase or decrease after that, u still have that 1 gm.

When your aunt received the 4K profit, is it after she got back the 25k she invested earlier? If not, u can't really call it a profit but much likely a Ponzi scheme. Same goes to ur mom. Better check fast.

Yeah, I'm talking about physical.

I'm not sure about others, you need to check with the sellers and do the comparison.

Some company when during the price go down, suddenly not enough or don't have stock, and vice versa. as for us, we never fail to supply the physical at any price locked by customer.

Open this link and show her Bank Negara Financial Consumer Alert list

The Dinar Dirham at no 59 in the alert list

Notices & Announcements
Beware of financial scams promising unrealistic high returns
Release Date: 29 Apr 2017

Members of the public are advised to be careful before participating in get rich quick schemes. Be alert and look out for the following common features:

The approach by the operators may have been made by mail, telephone, Internet or in person, but the intention is always the same, that is, to take money from unsuspecting victim for goods or services that they have no intention to provide.
Schemes which promise interest rates, returns or profits, which are much higher than the returns offered by licensed financial institutions for their deposits.
The promises of high returns are aimed at attracting the members of the public to participate in the schemes and the investors may not be given copies of any documentation including agreements by the operators.
There is also no assurance that the operators of such schemes can continue to pay the high returns.
At the beginning of such schemes, the operators are able to use money received from subsequent depositors to pay high returns or to repay the principal amount to the earlier depositors.
However, the operators could not invest the deposits in equally or more lucrative ventures or investments and therefore unable to sustain the high returns or repayment promised to their depositors.
Please note that these schemes will fail eventually when there are no new deposits being continually received by the operators. At such time, the "get-rich-quick" schemes will collapse and the depositors or investors will lose their investments.

Any enquiries or complaints may be directed to:

BNMTELELINK
Tel: 1-300-88-5465
Fax: (03)2174 1515
Email: bnmtelelink@bnm.gov.my

Your welcome

Every physical gold must come with cert. IF you buy from bank, need to take great care of the cert. Some bank wont accept the buy back if the cert spoil or lost. hence, you have to sell it to other party and may have to accept wider buyer back spread.

If you want to buy and hold physical, I suggest you to buy from less fussy private institution that can accept whether the cert spoil or lost, operating & providing 24 hrs assistance and of course established.

public gold (not public bank) - for physical & minimal purchase & ease
uob -for spread

A bit misinformation on the spread. 250gm & 1kg spread is 6% & silver 1kg = 12% more or less. The spread for every gold bars, dinars & silver can be viewed Public Gold Premium & Spreadhere

I'm not sure how'd you get the 6.4%

Spread calculation is like this

PG Sell rate - PG Buy Rate
--------------------------------- x 100
PG Sell Rate


ie: 48,629 - 45,712 = 2917

(2,917/48,629) x 100 = 5.99%

the rest also same format.

Spread basically is the income for all gold trading company.. That's how they make profit.

Correct