Does it fully backed by physical gold deposited like maybank?

Since gold/silver are not insured by PIDM as per BN guideline, any assurance better than none.

This post has been edited by Iceman74: Dec 9 2020, 03:23 PM

Haha... if drop 10%?
You lose the 1k and still need to pay the interest?

Yes, provided can cover the difference between buying and selling.
It just like holding USD cash and betting RM drop

This post has been edited by Iceman74: Jul 22 2021, 09:18 PM

I don't see any charges in my MBB gold accounts.
Are you sure you want to take the risk keeping the physical gold as safekeeping?

unless you are trader, why would you care for short term outlook spread?

It all depending on your risk appetite.
Keeping cold hard physical gold in your hand(it nice feeling ) and take the risk along with it.
or
pass all those risk to banks for small amount of spread different.

I think there are too many choices available for them to park theirs wealth compared with last time.

It new world order now, we just see what going to play out now

I have no idea where or which way to go either but 1 things for sure is, must stay liquid plus reserve ready for long rainy days.

If you are sure yr current income will not or least effected no matter how bad the economic downturns or how long will be, you can try buy good assets with full loan. If inflation plays as predicted, which will be higher range. At least in long term those assets will naturally appreciate since our currency value down the drain anyway. Short term you need to weather those uncertainties and negative cash flow.

Depending who you followed, some will tell you don’t put all in 1 basket investment.
Some will tell you concentrated all your resources which investment you familiar with.
This is the time where we know who have the Midas touch or study well the investment they good at and timing it well to grab the chances.

This post has been edited by Iceman74: Sep 30 2022, 09:28 PM

want to use gold beside others as backing aganist their currency?
Hongkong and especially China have buying gold and ban selling any gold production in China to overseas.

this is the only time other ppl will gladly tell you to throw the brick at them

Do you guys ever sell in this situation?
Me just don’t dare to sell now, afraid might not get back my original price if still continues upwards projection

U guys buy gold for 1 reason.... profit, correct?
When u guys going to realise those profit?
U guys don't have the urge to sell at high and wait for it to go down even you guys know it will goes down eventually to more reasonable price?

Property I know how to re optimize the return if required
Share market also and in some way, crypto currency too

But for gold, the other option is silver only but it very similar movement.
So guys , u hold until give to grandchildren?

at this point my gold holding are insignificant comparing to others
i just don't see any way to increase it if i can't find a way or target to exit or re optimized

This post has been edited by Iceman74: Jul 19 2024, 11:54 AM

I guess majority here are just buying and forget for future generations and will not be selling even there is big possibility there will be sharp drop in gold price.
That means no matters price increase or decrease, as long there is no need for cash, the position are holding.
The hold position will never change even others return investment look tempting comparing to the gold on downtrend.
Understood your position.


Hmmm… I like this idea. Anyway precious metal are way way behind my other priority investments. Most probably will buy and forget about it.

This post has been edited by Iceman74: Jul 20 2024, 04:17 PM

isn't 1g gold bar got to pay a hefty premium above gold value comparing others heavier g already?
of cos, easier to sell or give as gift too

does those gold bean come with any logo or "chop" of purity and their company name/logo?

This post has been edited by Iceman74: Sep 2 2024, 02:12 PM

ohh... since there is no tamper proof capsules/case. No scare of the purity & gram?

if short term, yes. will not affect local because local bosses need to chase and adjust the cost profit pricing example wages increase to solve manpower issue or better ingredient to give better taste &etc.
if long term, price rebalance will take place.
maybe will give bigger portion, do more affordable lunch set & etc.
Don't mimpi price will go down lar

If audit the gold there are more than what other expected, maybe will happen
If audit the gold there less than expected or worse "kosong", USD will have nothing to stand on... Don't think higher up in command will let it happen

BoE can cincai melt other countries Gold bar without asking like Australia 80ton gold?
If they can't detect fake gold bar, who can?




https://gerardrennick.com.au/is-the-rba-hel...-price-of-gold/

This post has been edited by Iceman74: Feb 21 2025, 01:05 AM

lol.... key word... don't let them know in the first place when you buying and only give out good news to wife only.
sell at good price also not good news for them. Even if after few months, price rise above our selling price, they also nag punya

u sell at the highest price mah, then tell her...
If it continues to rise, example to 10 or above or the gold u brought then later drop below RM2k and HSBC maintain the price