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 Gold Investment Corner V8, All About Gold

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paogeh
post Jul 28 2020, 11:00 AM

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Maybank Kijang emas =RM8854 for 28Jul2020 .
https://www.maybank2u.com.my/maybank2u/mala...and_silver.page

paogeh
post Aug 15 2020, 08:53 PM

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Is it difficult to buy :
1. Maybank Kijang emas
2. UOB maple/kangaroo gold coins ?





paogeh
post Aug 17 2020, 12:52 PM

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QUOTE(aaronpang @ Aug 17 2020, 09:44 AM)
Not difficult at all to buy.

Suggest to call ahead if got stock, before going to the branch and buy.
If in KL recommend Menara Maybank branch and UOB (Jln Raja Laut) usually have stock.

Buy gold usually senang, question to ask is how easy is it to sell tongue.gif
*
how easy to sell ....
just sell back to bank at "bank buy" price. ....

quite straight forward ....

i think always think buying is diffcult .....
bank always dun have stock ....



paogeh
post Aug 17 2020, 10:55 PM

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QUOTE(aaronpang @ Aug 17 2020, 06:09 PM)
Not always the case.

Ppl can't escape/immigrate away with house if the country sinks...
Just assuming lah  tongue.gif
So far for me no issue to get gold from Maybank.
That's why I mention to call ahead.

When selling must look for ways to maximize returns.
Selling directly back to the bank is not ideal IMHO.

In the past when selling I'd usually try to maximize returns.
*
if u buy from bank , and later sell ....
u have 2 choice :
1. sell back to bank at "bank buy" price. (normal case)
2. sell to someone want to buy with "bank buy" price + some extra profit. (harder way , no easy to find buyer with RM9K cash).



for #2 , the max is "bank sell" price . and it;s not MAX profit .
for max profit , may be trading gold through broker ?

*selling to gold/jewellry shop is big NO-NO in malsysia. Dunno why so many ppl want to go through them . They are big shark !!





paogeh
post Aug 17 2020, 11:51 PM

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Since this is Gold investment ,

is there Silver investment in lowyat ?
In Malaysia , import silver coins have to pay tax/duty 15% ...





paogeh
post Aug 19 2020, 12:38 AM

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QUOTE(aaronpang @ Aug 18 2020, 11:28 AM)
Trade among family, colleagues, fellow gold bugs and numis collectors.

Lately high gold price has attracted casual buyers to purchase gold.

Show difference between goldsmith price vs Maybank to steer ppl away from gold shops  biggrin.gif
FOMO is strong so I make little on runners fees & capsules.

What I observe
Most not free to purchase over the counter.
Don't know difference between premium and spot price.
Generally don't want to research and monitor prices.
Can't spot fake gold  laugh.gif

edit:
Love to trade BNM proof coins, buy for RM150 and flip for RM300 immediately.
Lately that has dried up, BNM not releasing coins for 2020  cry.gif

Sell silver proof coins and use profits to subsidize gold proof sets biggrin.gif
*
buying BNM silver/gold coins is really not easy ....

1. U need to know the release date
2. U need to prepare cash $$$$ .
3. U need to get up early , and start queuing outside BNM as early as 4AM to get the limited mintage coins .
4. Good luck get rob on #3. And if that morning rain , u get free shower with natural aircon .
5. Collector coins are small world . Almost all major collectors/sellers know each other . Trying to make profit from them , hahahaha.





paogeh
post Mar 10 2021, 11:18 AM

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Have anyone sell back Maple or Kijang back to UOB/MBB ?
How is it the process ?

Does bank "verify" the coin ? How ?

paogeh
post Mar 10 2021, 08:38 PM

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QUOTE(prophetjul @ Mar 10 2021, 11:39 AM)
In my experience with sellin kijang to Maybank, some branches actually weigh the coins.

Some branches just accept them at face value, no checks at all.
*
Just take at face value , or just weight ===> not enough verification
Smart counterfeiter is able to produce fake coins with equal weight



this imply , the gold coins buy from bank is at risk too .

paogeh
post Sep 2 2021, 11:04 AM

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Maybank KIJAN emas ,
what;s the year of the bullion coin now ?


now , buying gold coins like Kijang , MAPPLE from Maybank/UOB
is it still have to call from time to time to get stock ?
or there are plenty of stocks ?

other that Maybank/UOB , any new banks selling coins ? Thank you



paogeh
post Oct 25 2021, 09:24 AM

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QUOTE(hedfi @ Oct 18 2021, 09:47 PM)
Got mine from Silver Bullion, they hv branches in KL, JB, PG. Price is better than MyBullion
*
i went to silver bullion site


they provide P2P with metal collateral ,

anyone have experience on this ? Thank you

paogeh
post Jun 17 2025, 08:51 PM

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today i called Maybank Penang Main branch

on selling back Kijang emas .

with receipt -- no additional charge

loss receipt - RM10 for stamping .


sekian.
paogeh
post Jun 26 2025, 07:46 AM

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want to ask ,
for UOB gold coins,

now can only SELL on KL ?

https://www.uob.com.my/corporate/gmim/gmim-...rce=chatgpt.com

asking for those non-KL folks .
thank you





paogeh
post Jun 26 2025, 11:23 AM

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QUOTE(prophetjul @ Jun 26 2025, 08:32 AM)
You cannot. You have to sell them at UOB HQ KL OR
sell to those gold merchants like Razak. But usually at lower prices.
UOB sucks
*
this is bad news for non KL folks that bought UOB gold coins.

i guess----DIY , drive to KL and sell UOB.KL

or take grab/bus ......

tedious/time consuming/$


2nd option --sell to Razak ---> who is that ?


thank you prophetjul.
paogeh
post Jun 26 2025, 02:37 PM

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QUOTE(prophetjul @ Jun 26 2025, 01:55 PM)
For UOB I have to travel overseas. 😅
Razak
https://razak.com.my/
*
razak also in KL ......

if we have to travel to KL , might as well drop by UOB KL.

anyway, thank you for the suggestions.


*im from penang , kind of reluctant to travel to KL .
paogeh
post Jul 1 2025, 09:01 PM

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im suprised no one make noise to BNM/UOB on re-selling to KL UOB.

anyway, i emailed BNM today.



user posted image
paogeh
post Jul 2 2025, 05:17 PM

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QUOTE(prophetjul @ Jul 1 2025, 09:18 PM)
Let's see how BNM respond. 😁
*
BNM no longer take email complain ... ..

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paogeh
post Jul 4 2025, 03:26 PM

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QUOTE(prophetjul @ Jul 2 2025, 06:47 PM)
They don't want to know.
*
BNM response ...

kind of disappoint BNM response .....
i already can guesss==== write to UOB......UOB most lilkely tell u its bank policy .......





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paogeh
post Jul 4 2025, 05:56 PM

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please list those jewel or anyone that buy gold bullions .....

if possible penang ......

if the price compatible with UOB/Maybank ....why not ?


thank you .....



paogeh
post Jul 4 2025, 07:04 PM

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Update .....
basically not helpful ....



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paogeh
post Jul 8 2025, 06:38 PM

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Update BNM/UOB gold coin case

after bising to BNM,

Finally Penang UOB lebuh bisop just called .
*Kelvin
said special arrangement can be made to sell back in Penang branch

need 1--2 days advance booking to setup machine to test the gold coins.

**the power of BNM
***the power of BISING






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