Many goldbugs bought in 2011/12, more appropriate and realistic to compare with this period.

In a way, many of us are sheep. We are led by news, commentaries, recommendations, etc.

The thing is there are wise sheep and blind sheep. 

I was introduced to bitcoin in around 2010 when it was $0.10  

Hehehehe....

Endless Possibilities 😉👌

Now let's see...

make sure you gift them during their weddings! 

Yes

GOLDETF  0828EA

Track Plus Shariah Gold Tracker

Dorian hurricane could be game changer to stop gold up further ?

Unless gomen and central banks are dysfunction, economic recession will eventually end.

This. But I am still holding for now. I don't see a sell signal yet for precious metals.

based  on 31st July. highly likely will fly to the moon if rate cuts.

So confident that gold will keep going up? Think you can hide your money in gold during a trade war?  Every investment is a speculation, you need to face the reality that you are actually speculating.

Gold will come down to 1300. You will keep holding your losing long position and your happy face will turn into pale, and i will laugh at that time. Then you become panic and the emotional outburst is so great. You call it enough and sell. Then i will buy. That should happened somewhere in April 2020. Hahahaha...

Please have a look.. Can I open account with this company?  According to the status.. Is it illegal?
Please help me I'm newbies.

Volume is not great if you compare with stocks but it is improving. Furthermore, ETFs have Market Makers who will provide liquidity. So I would say that liquidity is not an issue. The volume is just merely a reflection of awareness as many people are not aware of ETFs. The other thing is that trading the goldetf requires cash upfront. This is a shariah requirement. So trading it might still be of a little hassle if your broker block it for the reason that they have to ensure that your account has cash before trading. So you might have to end up calling your broker if you can buy it online or through their app.

As to your second point, you are absolutely right ie if gold price stays the same in USD, and MYR appreciate, then the gold etf price will decrease. On the flip side, if gold price stays the same but MYR depreciate, then the gold etf price will increase.

Depends on what your view is. If you think crisis will hit, usually both gold and USD will appreciate at the same time because they are both safe haven assets.

As far as I know, you need to open cash upfront accounts. Most broker would have that and the rates are good. If you transact through cash upfront accounts, then trades are not blocked. If I'm not wrong, Hong Leong and M+ have quite good rates for their cash upfront account.

Hi everyone,

I'm new here. Want to get some opinions on the best way to buy gold for long-term investment holding.

1. I set aside x% of my income for gold, so I might want something where I can top up easily on a regular basis
2. I don't prefer bullion physical gold, because of risk from keeping it at home
3. I want something that allows stable long-term custodianship, ie invest and forget about it, and MOST IMPORTANTLY, no need to worry that the platform/entry channel being gone one day
Please advise and thanks in advance

Minimum redemption basket is 500,000 units as of dated 06/03/2020, or 5kg goldbar per redemption, they’re targeting cash rich scapegoat who can spare millions. And the company is based in Singapore, too many red flags, but all gold bugs are pure idiot who will throw money for anything with the name “gold”, this idiots are their perfect darting targets. Since golds are getting very difficult to collect at big sum for many reasons, they found a good opportunity to arbitrate from unsespecting buyers, “buy bulks of gold in one go”, how does it didn’t attract the attention of cash rich but hungry and desperate gold bug who eager to turn their cash into gold no matter its real or fake.

It’s legit and you should buy 500,000 units, and redeem that delusional gold. Backed by blah blah, you can say BNM can give you FDIC up to 250,000 or so, that make no sense too to keep 1m in FD.

There is so many option to obtain “gold” at 5 grams each, redeem also far less hassle from BNM gold bar

Maybank MGIA
Public bank
HL bank
Muamalat bank

Or option to obtain physical one from physical pawn shop
Tomei
Poh Kong
Public Gold
Any LBMA accredited outlet.

But you insist on the one that has least transparency, one word for you, pure idiot.
** gold etf is not LBMA accredited, they’re on their own.

You work for affin scammer group?