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 Gold Investment Corner V8, All About Gold

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virulence
post May 6 2023, 04:50 PM

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QUOTE(xander2k8 @ May 6 2023, 04:00 PM)
Waiting for the downside soon 🤦‍♀️
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Anticipating price drop when official recession hits the fan? Would be a good time to buy biggrin.gif
virulence
post May 10 2023, 10:33 AM

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https://www.asianinvestor.net/article/mas-g...e-months/484336

no increase of gold reserves at BNM while inflation is still running hot
virulence
post May 26 2023, 10:03 AM

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QUOTE(romuluz777 @ May 26 2023, 09:52 AM)
Guys, I'm looking for odd sized 250g or 10oz gold bar, could not source from any local dealers. Anybody got lobang ?
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Better to purchase from a trusted bullion dealer but you might consider 100g x 2 pieces + 50g x 1 piece. You might be paying a bit more for premiums but you can sell them separately in future.
virulence
post May 28 2023, 09:52 PM

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QUOTE(romuluz777 @ May 28 2023, 11:09 AM)
I found the 10oz, 5oz pun ada.
But in Singapore😭😭
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I'm hoping for a price drop so I could grab a few more oz.
virulence
post May 28 2023, 11:04 PM

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QUOTE(romuluz777 @ May 28 2023, 10:28 PM)
What sizes of gold bars do you normally collect ?
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1oz weight so I can sell them at different intervals down the road.
virulence
post Jun 1 2023, 01:54 PM

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QUOTE(markedestiny @ Jun 1 2023, 01:32 PM)
No, not keen on safe deposits located in banks, because no full access except during banking hours.  Same goes to the ones located in malls or office buildings.
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I think this private SDB can access 24/7: https://mysafebox.com.my/
virulence
post Jun 1 2023, 02:31 PM

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QUOTE(Unkerpanjang @ Jun 1 2023, 02:21 PM)
Unker has a good friend, sadly passed away. Crazy collector from Malaysia nickel coins, British notes, gold, unused public phone credit cards. God bless his soul. He has a big safe around 4ft high in his house. Dunno which brand.

Back then, he bought 2 pcs X1 kg pamp at ard rm148K each. Sprayed them black n left on tv stand as paper weight. Try beating that. I miss him.
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May he RIP.

Can also put at the bottom of aquarium and cover with gravel/stones biggrin.gif
virulence
post Jun 5 2023, 08:34 PM

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QUOTE(prophetjul @ Jun 5 2023, 06:42 PM)
Found their website

https://msgold.com.my/

Their buy/sell rate is so little difference. Wonder how they make profit?
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I don't think they include % for premiums over spot. Might need to check with them.
virulence
post Jun 9 2023, 09:42 PM

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QUOTE(Michael_Lee @ Jun 9 2023, 07:35 PM)
Currently starting collecting 5g gold, think is a good idea?
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Premiums for 5g tend to be higher than 10g or 20g but again everyone's financial situation is different. You could also save up & go for 10/20g instead of cost averaging on multiples of 5g.
virulence
post Sep 11 2023, 02:32 PM

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QUOTE(carbon junkie @ Sep 10 2023, 10:40 PM)
So gold is about to enter a new bull market in USD, any thoughts?
user posted image
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Apparently we are moving into a commodities super cycle. Not a good sign too when gold price is going up as fiat currencies are sinking.
virulence
post Sep 12 2023, 10:33 AM

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QUOTE(prophetjul @ Sep 12 2023, 06:00 AM)
i won't be complaining! The last run i saw gold ran from 680 to 1900 in that super cycle.  laugh.gif
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The situation is different now. At USD $2k an ounce, the dollar has lost 98% of its value versus gold. If price was to go above USD 2.1k, that could possibly mean the dollar has gone into high to hyper inflation. The rest of the currencies aren't doing much better. CBDCs are otw.
virulence
post Nov 28 2023, 04:27 PM

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QUOTE(Sitting Duck @ Nov 28 2023, 03:21 PM)
I know there are risks but I have limited funds so I look for the most cost effective way to purchase physical gold with reputable seller/brand.

So far I've bought these online:

1. PAMP gold bar and verified with veriscan (passed for all the gold bars I've purchased online)

2. Habib gold bar with official receipt from Habib. Habib gold bar has serial number carft into the gold bar even for the 1g gold bar.

3. Masdora. This is a new 1 which I started buying a few months ago. Only official receipt. No serial number crafted on the gold bar but serial number on packaging (which can be easily imitated). Nevertheless Masdora has been selling like hot cakes in Tiktok and other platforms. I've heard no complain so far about this brand so far.

4. Gold bean from some Gold smith shop. 1g only cause I just want to see how the gold bean looks like. Besides that it comes with a cute little bottle to store the gold bean and Shopee was giving RM30 voucher. Couldn't resist. This is likely my last purchase of gold bean since I have doubt about the purity of the gold even though there's a 999 written in the bean. On top of that, the weight of the bean was fluctuating between 0.99g to 1g on the weighting scale (maybe my scale problem). So a bit doubtful. Just a one off experience.

Offline I've bought Canadian Maple coins from Silver Bullion. You can ask them to use the machine to test the coin before making payment on the spot (online transfer).

Just sharing only. Choose which ever way one is most comfortable purchasing and most importantly is able to get a good night sleep after purchasing and don't have to worry/guessing about the purchase.

Oh ya, I recently got to know besides Maybank, UOB, Affin bank sells physical gold as well.
I heard the physical bullion price offered by Affin / UOB is quite competitive with the market price. If anyone has experience with purchasing gold from Affin or UOB, please share. Thanks.
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I bought 1oz Maple Leaf from UOB last year. It comes sealed in a Mylar pouch. To resell back to UOB, the coin needs to be intact in the Mylar pouch or they will not accept it & also bring along purchase receipt. In the event that the Mylar pouch is torn or you decide to remove it then you can always sell to Silver Bullion. Was quite lucky to obtain from UOB as they would only have stocks if their customers sold back to them.

I've also bought Maple Leaf from Silver Bullion & comes in a plastic capsule. Yes they have a machine to verify metals upon self collect at their office.

Al Rajhi Bank also has PAMP Suisse bars for sale. I've not purchased from them.

This post has been edited by virulence: Nov 28 2023, 08:33 PM
virulence
post Nov 28 2023, 08:42 PM

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QUOTE(prophetjul @ Nov 28 2023, 04:36 PM)
When i bought from UOB in 2002, they came with certificates of authenticity. So if i need to sell it back to them, it would be easier.
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The cert don't mean anything as it can substituted for a fake coin. Also UOB does not have a machine to verify the metal content. As per UOB staff advice, don't break the Mylar packing if you want to sell it back to them. I believe the Mylar packing is from RCM done in bulk purchase by UOB Sg.
virulence
post Nov 28 2023, 08:55 PM

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QUOTE(Sitting Duck @ Nov 28 2023, 08:00 PM)
Many thanks for sharing.

Do you mind sharing:
1. How was the price buying from UOB compare to Silver Bullion? Is it comparable or a lot more expensive than Silver Bullion?
2. Can walk in to purchase or do we need to go through relationship manager? Not everyone has relationship manager.
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The price is updated daily on UOB website below. GML = Gold Maple Leaf
https://www.uob.com.my/online-rates/gold-bullion-prices.page

You can do a comparison against SBM live prices:
https://www.silverbullion.com.my/Shop/Buy/Gold_Coins

The price & spread is lower for UOB but the issue is availability. You can always call up UOB HQ in KL to check on availability. No point calling the branches as they will tell you to call HQ. I've called up a few times after that purchase and gave up so I decided to purchase from SBM instead.
virulence
post Nov 28 2023, 09:33 PM

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QUOTE(batman1172 @ Nov 28 2023, 06:54 PM)
Is there a difference buying gold for investment if compare buy from bank, physical or stick to gold ETF?
I will never buy gold from shop due to wife tagging along constantly asking for  💍
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Physical gold has no counter party risk vs paper gold. Most may consider gold as an investment. I buy it as a hedge against inflation & also as an insurance in this fiat currency regime. Inflation causes asset price distortion. Everyone is euphoric when they see nominal prices go up for assets. You will know it is all deception once you look at inflation adjusted prices.

This post has been edited by virulence: Nov 28 2023, 09:34 PM
virulence
post Dec 8 2023, 01:00 PM

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QUOTE(romuluz777 @ Dec 8 2023, 12:46 PM)
I'm looking for the 10 oz PAMP Swiss Gold Bullion Bar.
Any suggestions where to source this in Klang Valley ?
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Al Rajhi Bank has Pamp but they sell in g. Not in oz. Can compare with SBM.

https://www.alrajhibank.com.my/page/gold-price

This post has been edited by virulence: Dec 8 2023, 01:01 PM
virulence
post Dec 27 2023, 08:59 PM

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QUOTE(BenChiew @ Dec 27 2023, 09:10 AM)
Anyone knows where there is stocks of the Kijang Emas coin?
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Most likely you will need to check with MBB larger branches like HQ in KL, PJ State, Shah Alam.
virulence
post Dec 27 2023, 09:01 PM

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QUOTE(abcheers @ Dec 27 2023, 12:48 AM)
what is the different between the Tier 1 - 5?

user posted image
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Higher Tier enjoys higher discount for your next purchase. You need to purchase 150oz of gold just to get to Tier 2 lol
virulence
post Mar 12 2024, 02:25 PM

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QUOTE(AVFAN @ Mar 12 2024, 09:59 AM)
it's mind boggling so many continue to be duped and scammed this way.

the urge to get on the "cepat kaya" road must be compelling.
anyway, tonight 8.30pm data will be v interesting. gold will either run up higher or take a hefty correction.

https://www.cnbc.com/2024/03/11/a-key-infla...-to-expect.html
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Most likely correction incoming. Good time to buy the dip.
virulence
post Mar 30 2024, 10:11 PM

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QUOTE(nexona88 @ Mar 30 2024, 12:36 PM)
Guys...

Just asking opinion...

if I were sell my Gold Coin (Canada maple leaf) 999 purity..
Normally how much the buyer would deduct (percentage - their commission $$$).... Around 32g +/- per Coin

Heard somewhere in Lucky Garden Bangsar got 1 place? They buy good price.
Anyone heard about it...
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https://www.silverbullion.com.my/Shop/Buy/Gold_Coins

If you sold to them today, it would be at RM10,511.33 for 1oz Maples.

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