Someone once told me before also. If you buy physical gold, where will you keep it?? For safety, you keep it in back in the bank also. Haha. Kinda make some sense also.

I'm currently on UOB gold. Not bad the buy/sell margin I can say. But I hate it that I have to find time to go to the bank to purchase it. 

i never manage to confide myself in it.

GIAs are usually not backed by physicals, the account itself not PIDM protected. u buy n sell around the spot price but if u want withdraw take cimb for example, minimum 100g, fee of rm10 per gram.

worth it?

Lol. All also say back by real gold. Even the banks. I bet they just have some amount of gold in the bank and in reality, the just get your money to invest other things. When you want get it only they will grab some from their inventory.

But still, in case of anything happens and you are forced to flee from the country, you most likely wont get back your gold. For me, this is just to secure the wealth value but not investment for me.

why not just buy physical?

the point i asked u previously is it worth it is so i suggest u to shop around and compare the price, how much monwy will get u how much gold

if u insist to buy fr bank, not fr any online stores, just walk in to UOB.

ok gip u example take cimb again cos i never read other bank T&C

in order for u to have physical - min 100g. say price now is rm165.
http://www.maybank2u.com.my/mbbfrx/gold_rate.htm (cant find cimb price lols but should not be much diff)
so u gonna need (rm165+rm10)x100g (ignore any other processing fee anything if theres any) = rm17.5k

for direct buy physical

https://www.buysilvermalaysia.com/shop/prod...g-999-Gold-Bar/
RM 16,431.95 (i think free shipping)
see u can save rm1k in this instance.

but as low as few hundred also u can already lay ur hand on ur gold piece physically. its good to have small fractions of sizes instead of just one big one.
small size, yes, premiums cos the need wrap or little piece nicely, small small.
big one no need. cincai cast no need wrap also. no need add premium, god discount instead.. so to speak la hehe

for other institution, u can ask zodd cos he got sell paper n physical gold under one roof.. correct?

hope this helps

Gold plunged to 115x shortly after touching 118x very briefly (just few minutes after my last post above)...

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Anyway, regardless of the above; It is currently for one to formulate good judgment to decide on whether it is ideal time to buy gold, or to sell it... (Of course, our MYR inflation also currently plays quite a big factor to our gold trade decision in Msia...)

I got it from my UK FX broker technical analysis (FxPro). It has been reasonably reliable...

Anyway, gold may not rise anytime for now...;

Gold spot Intraday: under pressure.

Pivot: 1157

Most Likely Scenario: Short positions below 1157 with targets @ 1138 & 1131 in extension.

Alternative scenario: Above 1157 look for further upside with 1162.5 & 1168.5 as targets.

Comment: As long as 1157 is resistance, likely decline to 1138.

I'm not sure about this (not sure if FxPro is so strong enough to manipulate the market like you're implying, or will they do such a thing)...
Not sure about you guys in here, but for me personally, a slight increase/decrease does make a difference to my decision (to buy or to sell);

For example, if the USD rise to 4.45 MYR once again, or if gold rise to 1180 per-ounce once again, or if our MYR get weaker...; until the price of gold hit MYR53xx per ounce once again (which already did a few times very recently), then I can decide to go sell my gold already (because I brought some when it was around MYR4000+ per ounce last time)

It really makes a difference because just a day before (for example), 1 ounce rose to MYR53xx, but look at it right now; where 1 ounce = MYR51xx

Now I'm really not sure whether gold is set to continue falling, or will it rise back again to 117x - 118x level (would be nice for it to touch 119x - 1200 level)

Looking at the historical trend of gold really freaks me out (what if; gold will continue to slide to <1000 - 900 - 800 level as the experts are predicting...);

i hope u are right . i buy 30k when the price is aroud rm160 perg. after drop like crazy . i will take this as my retired fun...

goldprice drop to the six year low. Anyone buying it now? Is this the right timing?

Technically, gold spot price is determined by the gold prices in the futures market. In a way, you can say that's the gold's future price (at a pre-determined period). The fact is, physical gold are priced according to the spot price plus some premium which is not too far off usually.

Gold is a commodity, how could it hedge against inflation?

Gold spot price movement is independent of/unrelated to inflation rate in Malaysia. How could it hedge against inflation in Malaysia or any other country?

Gold spot price movement is independent of/unrelated to inflation rate in Malaysia. How could it hedge against inflation in Malaysia or any other country?