How to convert?

Ok, thanks!

Gold price dropping lately?

Why would you prefer physical gold over paper gold (online)?

Can pls elaborate?

Sounds great. What are the physical gold you normally seeking for? Like Kijang, Maple Leaf, etc?

Seriously, I wonder if you need extra budget to rent a safe deposit box in bank to keep your gold? Otherwise, where would you keep them?

Do you guys think our country will collapse?

I bet you bought all these when gold prices were low?

What made you think I am 40-42 yo?

Well, looks like in Gold Investment Corner, price is not an issue like UT, stock, etc. haha...


Wow, I'm getting interested with this thread. Thanks for sharing. Never knew there are so many types of gold out there! I only know of Kijang, Maple.

So if gold is not for trade purpose, how does it fits long term investment? Or rather hedge against inflation when we are not converting it into cash?

[quote=Unkerpanjang,Sep 7 2021, 05:36 AM]
Wow, I'm getting interested with this thread. Thanks for sharing. Never knew there are so many types of gold out there! I only know of Kijang, Maple.
So if gold is not for trade purpose, how does it fits long term investment? Or rather hedge against inflation when we are not converting it into cash?

[/quote]
Bro, we start back on the right foot. IMO....

If im just a regular Joe, I wud prioritize my savings into kwsp, sspn, asnb. These shud be my core foundations.
Anything more, i go UT, some stocks. Settle my housing loans.

Gold investment shud be max 10-15%, of your investment class. Gold is a sleeping investment, no dividend.

If i have $1M, i wud put all in kwsp/asnb, at least my family gets $40-60k annual dividends. During good times, asnb dividends approx 6%. Wah, asb, double digit.

If i have >$1M, you split into different assets. Depending on yr risk appetite, stocks vs kwsp/asnb/sspn n maybe medical insurance for wife+yourself, maybe multiple properties for rental$.

Then, if still got excess $, you start to worry abt counterparty risk. What if MY mismanaged? What if RM devalues badly, country becomes a failed state....you invest in gold, farm land, park money overseas, etc.

Price vs Value. Im into crypto. Its a new asset class without counterparty risk. Why whales buying bitcoin at usd$50k. Is the price cheap or store of value appreciating or speculation?
If today, Malaysia financial issue, bitcoin in usa will still be us$50k, but likely >>> rm210k. Its like gold, protecting the value of your depreciating fiat currency. So, its a hedge agains inflation.
By calling it a hedge, how to sell? Its for long term.....theres a chart by mike maloney on gold price vs asset. Before i forget, go youtube n watch Hidden Secrets Of Money, 8 episodes. Super awesome!!!

No point buy gold as priority, until after you settle how yr dividends to pay for food, etc due to job loss, retirement, etc. (Shhhh i tell u secretly, that unker Prophetjul, is a big whale) gold stacking as hobby.

[/quote]


[quote=aaronpang,Sep 7 2021, 02:08 PM]
I personally view shiny yellow metal more as savings asset.
If I don't buy gold the cash might be spent on something spurious
Very lousy impulse control besides gold I also park money in real-estate.

Gold comes in different forms. Each with it's own advantages and disadvantages.

Some forms of gold like jewelry might be harder to sell or cost more per gram.
24k gold bullion is generally tax exempt worldwide.
Certain countries may tax 22k gold bullion (American Gold Eagles or Krugerrand are 22k)
Size big kilo bars are a pain to move quickly, too small 1/10oz or 1/20oz and premiums eat into your returns.
Recognition PAMP bars more recognized than Poh Kong Bunga Raya for example.
Nothing wrong with Poh Kong, just there's less point of friction during selling process.
The list goes on and on you get the idea.

Buying is easy, the difficulty is a viable exit strategy.

Gold is not for everybody, hopefully it fits your needs

[/quote]

Thanks Sifus for all the insight! Looks like I can only look coz still got a long list to settle (before going into gold)!

[quote=Unkerpanjang,Sep 11 2021, 08:35 AM]
Thanks Sifus for all the insight! Looks like I can only look coz still got a long list to settle (before going into gold)!

[/quote]
Bro, u certified solid gentleman. Respects! The forum is for responsible sharing n social force that binds fellow forumers to a better financial future.
As u correctly concluded, its never abt questioning your affordability but, we Older unkers have a moral obligation ensuring you prioritize your free cash flow.
Good luck on your journey, keep in touch, n im looking forward to your upcoming gold stack that will even blow Unker Prophetjul n Aaron away.

[/quote]

Sifus,

Why are the prices of gold fluctuate lately?

Thanks for the possible insight.

Indeed follow rule no. 4. I hope it will never got wrong!

May I know what is the advantage of this Goldetf compared to other bank gold acc? And where is the physical bullions are kept?

Thanks for the insight.

yes, whereas for gold account, no fees are involved. But the spread is scary!

Bursa brokerage fee is RM8.8. 8.8/280*100% is around 3%.

Public Mutual PeEMAS charges 1% sales charge (and can top up bit by bit RM100). How is ETF better in long term? Coz I'm seriously looking into the Bursa Gold ETF. Pls correct if my calculation is too simplistic. Thanks.


P/S: Btw, any tips on how to waive brokerage fee?

Well, I do hope that everyone here is not hoping for war just to see the gold price rise.