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 Gold Investment Corner V8, All About Gold

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squarepilot
post Jan 22 2018, 12:20 PM

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QUOTE(CSS @ Dec 15 2017, 06:43 PM)
Gold ETF (0828EA) just got listed on 6th Dec 2017.
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QUOTE(Ramjade @ Jan 2 2018, 05:59 PM)
Of course. Why?
1) zero spread. The price you see is the price you buy/sell 
2) all transactions can be done online.
3) back by real gold
4) no need to carry gold
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QUOTE(Ramjade @ Jan 2 2018, 06:15 PM)
Just buy gold ETF. No need to think about spread. No need to give greedy banks extra money.  It's not really paper gold unlike bank gold.  Gold ETF is based on price of real gold
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i have a quick check on it. apparently there will be a 1.5sen charge per annual as management fee. will be deducted though the NAV price.

so if you will be holding 10 years or more, no a wise decision. better stick back to bank gold account where they have 0 management fee above certain gram.

if for short term 2- 3 years maybe still ok as lowered compared to spreading
squarepilot
post Feb 2 2021, 04:44 PM

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QUOTE(pharaoh5312 @ Jan 24 2021, 05:28 PM)
Hi sorry gold sifu, complete gold noobie here. My friend is introducing me into gold investment and I'm just gonna copy paste the message here

if u have 1k ringgit, u buy 1k gold, if increase 10% u gain 100 only. but what if today u use 1k to buy 10k gold, 9k the bank borrow u , u no need pay installment, just need to put the gold in their bank, and pay interest base on your gold’s net worth
if gold up 10% how much u earn ? 100%

he say this is called gold leverage asset

SO, idk how true is it, sounds really good tho. What's the catch? If can link me places to learn more about it also can, thx so much!

Sorry for being annoyed i really know 0 shit about gold investment.
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can share more info on here? what service provider?
squarepilot
post Mar 7 2021, 01:33 PM

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QUOTE(yklooi @ Mar 6 2021, 11:26 AM)

things to consider for ex: will gold be significantly used in the clean energy things, like electric cars or solars, etc
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Nope, Aluminum, Copper, Silicon and GaN will do the job good enough
squarepilot
post Jul 14 2021, 04:48 PM

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QUOTE(clamp_wl @ Jun 21 2021, 11:23 PM)
OCBC is expecting gold to drop to USD1500 per ounce. Trave with care.
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Not going to happen?
squarepilot
post Aug 22 2021, 11:18 AM

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QUOTE(frostfrench @ Aug 13 2021, 08:57 AM)
Knowing that Maybank gold account offer the better spread among other banks in Malaysia.

Should I invest into Maybank gold account or goldetf in klse? for my portfolio diversification?  thanks
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Maybank gold account
- No annual fee
- Suitable for long term 10-30 years investment timeline
- high spreading (buy - 2.X% higher than gold rate, sell - 2.X% lower than gold rate)

Gold ETF
- Price determined by supply and demand, low spreading
- have annual fee - 0.7%
- need to pay broker fee for buy and sell transaction
- Suitable for medium term 6 months to 5 year trading

Forex trading platform
- No annual Fee
- Cheapest spreading
- Leverage trading
- Suitable for fast in fast out daily to 3 months trading
- Forex is not approved by SC or BNM in malaysia

 

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