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 Gold Investment Corner V8, All About Gold

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knight
post Oct 9 2014, 05:09 PM

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Now Big question for the year is, will GST applies to Gold?

Anyhow my dilemma stopping me from buying is,

1. Physical Gold, need to get place to store. Storage in Bank need to pay yearly services also. Put at home = Risk.
2. Paper Gold, Buy/Sell spread is high.
3. CIMB/Maybank paper Gold, Convienience and can do online but wide spread of Buy/Sell.
4. UOB, Have to go Bank to do it. And on top of that, must have saving account before getting the gold account. It's a hassle for people nowadays to queue at the bank.

Enlighten me please.
knight
post Oct 13 2014, 11:59 AM

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QUOTE(call me random @ Oct 13 2014, 10:21 AM)
1. Physical Gold, need to get place to store. Storage in Bank need to pay yearly services also. Put at home = Risk. <--- similarly my concern. but i dont have that much to store at banks also.. need to gamble on this sweat.gif
2. Paper Gold, Buy/Sell spread is high. <---- its not PIDM protected, should u want to liquidate, might have to sell at loss within this 2 yrs. the world has more and more suprises for us. na ah for me. my only saving in banks is in form of investment. need to diversify.
3. CIMB/Maybank paper Gold, Convienience and can do online but wide spread of Buy/Sell. <--- refer above.
4. UOB, Have to go Bank to do it. And on top of that, must have saving account before getting the gold account. It's a hassle for people nowadays to queue at the bank.

plus for the papergolds, u might want to check hows the procedure to get the pysical form of ur gold. CIMB for example can only allow minimum 100g with a certain fee. some only allowed to be collected at main branch in KL. if thats not an issue for u, then go for it.
but always remember the old wisdom, its not urs until u can hold it.

for me, its always crucial to determine the enter and exit strategy. not just applicable for share market, i dont do stocks. but just anything.
i get the tips from a very old timer Comando. before u get in, must plan the easiest way out.
if i want to buy gold using my spare cash, i must hv a way to get the cash back.

and i go anywhere, i reverse parking the car  thumbup.gif
(until my straight parking skill so bad because lack of practice lol)
*
Nice advise. So, in the end your mean is physical Gold is the best of all. But I was wondering, in times when something happen, I can still convert my paper gold and withdraw cash. Ops, I maybe wrong, shouldn't be withdrawing cash already.

Wah..Still very confuse which to go for.
knight
post Oct 13 2014, 12:52 PM

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QUOTE(call me random @ Oct 13 2014, 12:09 PM)
for me, yes, i hv come to that conclusion.
some sifus in here might not agree on that though. smile.gif

im a hands on person. i need to do stuff prior to write up a manual on how to do stuff. im not a creative person.
so i started small.

any loss made in the process, i take it as a learning curve and the fee to gain knowledge.
coming from a then buyer fr pohkong tomei etc.  sweat.gif  my dollar cost averaging sheet also doesnt look as good.
*
Yah...All have own pro and cons. I also think of that too. That would be the benefit in the case when Malaysia facing some difficulties and many flee from the country.

Haiz. I think I better just start with Paper then physical. Spread it la better. Only buy physical when I think getting a safebox in bank is necessary. You know, just open a safebox in bank just for gold (100Gm?? 500Gm??) is a waste. That's what I think lor.
knight
post Mar 9 2015, 01:13 AM

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Buying physical gold, Would you buy the Maple leaf or the one with the KLCC logo?

KLCC one more cheaper but as I heard Maple leaf have it's standard price?

What is the pro and cons for both yah? I'm confused.

Summoning Sifus here to help me up.

Planning to buy in Poh Kong. Should I?
knight
post Mar 10 2015, 10:08 PM

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QUOTE(shankar_dass93 @ Mar 9 2015, 03:41 AM)
1. Yes, canadian maples are one of the most common / recognisable gold bullion in the market with the lowest premium   
    when compared to the American Eagle.  What do you mean by KLCC logo ?
2. Maple leaf doesn't have a standard price. Te price of it depends on the current gold price plus a fixed amount of   
    premium that would be added to your bill.

3. Cant give you the pros and cons of both as i don't really know what do you mean by the klcc logo.

4. You should avoid getting gold bullions from goldsmith shop as their prices are usually way higher tun compared to   
    bullion dealers.
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Took me some time to search for the one I mentioned with the KLCC Logo. It actually from Tomei itself and it's alot cheaper than the Maple leaf. But why?

The salesman told me that Maple leaf got an online standard price they have to follow and that price follows the same internationally.

Is that true?

Would you go for Maple or these gold bar?

https://www.goldsilver2u.com/Content/produc...ges/50gKLCC.jpg

Another thing in my concern is, will GST implemented for Gold??
knight
post Mar 10 2015, 10:12 PM

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QUOTE(shankar_dass93 @ Mar 10 2015, 09:28 AM)
Buysilvermalaysia.com is a local bullion dealer but i have had no experience dealing with him.

I have done a few purchases  from apmex.com
*
Buying online? Is it risky?? shocking.gif
knight
post Mar 10 2015, 10:33 PM

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I dun1 inside plastic 1. Hahaha

knight
post Mar 11 2015, 08:57 PM

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QUOTE(hey_there @ Mar 10 2015, 11:56 PM)
BSM is okay. Buying on ebay is risky.
*
Thanks for your reply.

One thing I want to ask is about GST. Will kena tax or not yah?
knight
post Mar 12 2015, 09:15 AM

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QUOTE(hey_there @ Mar 12 2015, 08:39 AM)
i think what he meant by inside plastic is fake bullion made of plastic or steel inside.  tongue.gif
*
Yah. Correct. Hahaha. Ok. Thanks for the info man. Good there's no enforcement on GST yet. At least I can drag and wait first.
knight
post Mar 13 2015, 07:02 AM

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QUOTE(alexkos @ Mar 12 2015, 09:14 PM)
Im interested to invest gold...sry newbie here...i got both mbb and pbb online account....want to ask...30k cash, can buy hw much gold now?

And...using these 2 websites, are there 'types' of gold i need to be aware and be educated about?

Tq bro and sis =)
*
Dun use all the money to buy gold la. How much gold can buy? Depends on the rate man.

Types of gold would be those with paper which I dun think that worth due to the buy sell margin is high. In times of crisis, I wonder if u can trade ur "paper" gold back to cash or not. That's what I wonder.

Bullion is good but u have to find a place to keep it.


knight
post Mar 13 2015, 12:32 PM

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PAMP Suisse Lunar Goat 1 oz (31.1g) Gold Bar

Price : RM4535.17

https://www.buysilvermalaysia.com/shop/prod...-311g-Gold-Bar/

2015 Perth Mint Kangaroo 1oz 9999 Gold Coin

Price: 4,592.15

https://www.buysilvermalaysia.com/shop/prod...9999-Gold-Coin/

2014 Canada Maple Leaf 1 oz 9999 Gold Coin
Price: 4,592.15

https://www.buysilvermalaysia.com/shop/prod...9999-Gold-Coin/


PAMP Suisse seems cheaper. But why? And why Maple leaf seems to be more popular?
And what makes the Chinese Gold or etc so expensive. Some can even goes up to around RM4900 something.

Curious why?? Can anyone explain this yah??

Thanks.

Workmanship????

This post has been edited by knight: Mar 13 2015, 12:33 PM
knight
post Mar 20 2015, 09:10 PM

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Guys, now looks like over the counter will get GST Tax. So does this means that in future we buy gold from BSN will surely kena already?

Looks like it. Can anyone clarify?

knight
post Mar 21 2015, 01:52 AM

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QUOTE(ableze_joepardy @ Mar 21 2015, 12:06 AM)
you buy mineral water rm1.00 no fee but got GST rm0.06.

meaning to say, other gold, except LBMMA 999.9 need to pay premium 6%.

those GST on transaction fee only applicable for withdraw money / IBG transfer, not buying physical or paper gold.
*
Mati la like that. If buy gold will kena GST, when when we buy online from BSM sure have to do online transaction am I right. So meaning another 6%??

Am I wrong??

What is LBMMA??

Ok, Lets say I want to buy gold next month from BSM and the price let's say at RM4000. How much will I get charged additional??

This post has been edited by knight: Mar 21 2015, 01:54 AM
knight
post Mar 29 2015, 06:34 PM

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QUOTE(XtraLeoGecko @ Mar 28 2015, 03:52 PM)
Hi all sifus, may I know if Pamp Multigram (1g) would b a good investment for gold - optimal in liquidity & cost?
Where could I hv a cheapest source?  Is therr any fake multigram in the market?
Thx in advance for your kind advice.
*
Well, I think if you going for grams why not consider those Gold account "Paper Gold". But if you thinking of investment then I thin Gold just a guarantee of your wealth value but not investment that will guarantee you.
knight
post Mar 29 2015, 06:34 PM

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Hi Guys,

Why It always show Market close yah??

https://www.buysilvermalaysia.com/shop/prod...9999-Gold-Coin/

Always have to call them up or what?
knight
post Jun 24 2015, 03:37 PM

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QUOTE(Zanmai0146 @ Jun 23 2015, 10:58 PM)
Got ppl invest in real gold? I do buy some necklace 2 years back @165/g 

Now shop selling 168/g?
*
If u want to invest in real gold, dun buy necklace. But the Gold Bullion or Gold Bar instead.
knight
post Jun 24 2015, 05:25 PM

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QUOTE(Zanmai0146 @ Jun 24 2015, 04:07 PM)
Not really into this type of gold. Spread too high. More into forex futures
*
Got it's advantage 1. I don't treat Gold as investment but as a "lock value" of my wealth. If can I will buy lower price as possible la. Anyway, the spread is better than the necklace u mentioned.

This post has been edited by knight: Jun 24 2015, 05:26 PM
knight
post Jul 19 2015, 06:27 PM

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How come their 2015 inflation rate so low?? @@??

I don't understand 1 thing also. As I see in the goldprice.org I compare the Gold price for USD and MYR, duration of 1 year. In USD, the price is dropping but in MYR the price is increasing. Is it because of our currency? It's seems yes. Is it that we should sell it before Malaysia economy recovers?

Need some advise here.


This post has been edited by knight: Jul 19 2015, 06:32 PM
knight
post Jul 19 2015, 07:40 PM

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QUOTE(Zanmai0146 @ Jul 19 2015, 07:22 PM)
Example;
Gold is like an item imported from US and valued under USD.

Gold price drop but USD increased, Last time u buy 1usd RM3.30 but now RM3.80.

Hence it drop also u still need to pay more due to currency fluctuations. If 1USD:RM2.50 then u will buy much more cheaper lor. Vice versa.
*
I see. It's like direct convert the price from USD to MYR. So USD is the measuring stick. Can I say that?

knight
post Jul 19 2015, 07:41 PM

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QUOTE(sinbad2k @ Jul 19 2015, 06:58 PM)
USD got stronger and MYR got weaker at the same time, that's why the drop in gold price isn't translated to cheaper gold price here as gold is priced in USD. Sell before economy recovers??Why are you buying gold in the first place?
*
I tot the price may drop if the currency recovers. Which is possible. But if it's not recovering and I sold it, then really facepalm myself. Haha

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