Gold Investment Corner V8, All About Gold
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 Oct 1 2024, 11:15 PM
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#1
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Senior Member
1,628 posts Joined: May 2013 
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Is buying 1gram of gold bar with accredited from LBMA from a jewelry shop is an worth investment?
Is now not the right time to collect 1 gram gold bar? This post has been edited by rocketm: Oct 1 2024, 11:40 PM |
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Oct 2 2024, 08:06 AM
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#2
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Senior Member
1,628 posts Joined: May 2013
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QUOTE(AVFAN @ Oct 2 2024, 01:17 AM) 1g bar... I m of the view it is more of a long term collection. If possible I plan to buy from Habib online. They have LBMA accredited gold bar. 1g about RM435+ without include platform discounts. Small coins, bars from jewelry shop are sold at a much higher gold price than spot rate. Now, it's about rm395 per g Vs 355 spot. Plus labor charge. When u sell back, they deduct 12-13% of their prevailing selling price. Bigger ones like 20, 50g will be cheaper per g.  20g will be RM2K+ In this case collecting 1gram of gold bar may not a good investment as there are cost of processing & reduction of value by the buyer. |
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