Hello there. Our buy fee is 0.79% at this moment.

with boost, I can proper think to include gold into my port.....

I just joined by using 1 of reference here...
You can also use my reference code SIEW2BHF for $10 bonus.

Thanks!

Thanks.
Quick question, how to calculate the 2% management fee?
Since is the annual fee, for example, if I keep 10g for 3 months and sell it.
Which mean [(amount of gram x market rate x 2%) ÷12]x3=management fee?

Correct me if I'm wrong. Thx

wtf??

i believe the 2% is for 1year...so u need to divide it with 365days 1st

this was what i thought so,either daily or monthly, above formula from me for monthly charges..

When do you start charging the 2% management fee? Surely, you can't have a physical gold worth RM1, yes? Or can you? I would have thought the 2% management fee would kick in upon a certain weightage equivalent of a physical gold like 1g or 2g?

my biggest concern is...
how can we be sure that this company can be trusted

Hello there. We allow people to own fractions of physical gold as we allocate fractions of the kilo bars we buy. So yes, you can own RM1 worth of gold. The management fee is applicable across the board and is not dependent on a minimum amount of gold you hold.

If you hold 0.10 grams of gold, we charge 2% per annum on that amount out gold (calculated daily and billed monthly). The management fee deduction is from the gold you hold as it is charged based on gold grammage and not Ringgit value.

We really understand your concerns when it involves illegal activities by companies especially when it comes to precious metals. Rest assured that HelloGold is absolutely valid. Just to give you some information, we have been approved as Shariah compliant by Amanie Advisors.The firm is led by Datuk Dr. Mohd Daud Bakar, who is currently the Chairman of Shariah Advisory Councils at both Bank Negara Malaysia and Securities Commission Malaysia.

We have been featured in the media, both printed and digital. Below are some of the links :

http://www.theedgemarkets.com/article/aeon...oduct-financing
http://www.theedgemarkets.com/article/axia...ld-transactions

https://www.imoney.my/articles/hellogold-invest

We do not practice multi-level marketing and we do not guarantee you certain returns within a certain timeframe like most fraudulent companies.

Absolutely correct. 2% is per annum that is calculated daily and billed monthly

Thanks for the lightning response, Joshua. When is the monthly billing date?

The billing date is the 1st of every month. If you look in the HelloGold app under " History", you would be able to see the Management Fee transactions date and amount as well.

Thanks buddy. Last question (I promise). Can you enlighten us on the gold delivery charges? How much and the kind of charges would incur for the delivery from your Sg vault to Malaysia, for say 10g of physical gold? You may not have a fixed fee hence the lack of transparency on this charge on your website/app, but it would be good if you can give an illustration of the would-be charges and type based on what you practice today.

They billed monthly and calculated by the weight amount of gold. that is what I understand from the previous posts.

let's do simple calculation:

1. let's based on gold price RM165/g.
2. 2% per annum and billed monthly (deduct from the gold owned), equivalent to 0.167% per month.
3. 10g of gold bought on the day 1 = rm1650 invested.
4. if we hold for 1 month, they deduct 0.00167g from the 10g. So balance gram of gold on the 1st day of 2nd month = 9.99833g.
5. So 0.00167g which is also RM2.76 (based on RM165) for the first month as management fees.

there are many scenarios moving forward if you hold it for X months and also what is the price of gold at that point of time.

Scene 1: The price of gold stays same at the start of 7th month, 9.98998g balance. total of RM16.53 (base on RM165/g) for the last 6 months fees.

Scene 2: if price gold up to just rm166 (let's say) on the 7th month... if you sell all on the 1st of 7th month, you get earning of about RM8.


Again...it is a very rough calculation though and I could be wrong here....and cant cover all possible scenarios.

1st of all...sorry for being skeptical

1. approved as Shariah compliant doesn't mean anything in protecting our hard earn money
2. anybody can being featured in the media as long as we pay them

I think we need some sort of solid guarantee that our investment is safe with you

No apologies needed. I completely understand. It would be much easier to just say that we are under the purview of a particular regulatory body, but unfortunately precious metal is not regulated in Malaysia. The reason for me pointing out those articles is actually to draw attention to the companies mentioned within those articles; namely Aeon Credit and Axiata. Being companies who hold strong reputations for themselves in their respective industries, one would of course consider the fact that they would have done their due diligence when partnering/ venturing into business with another entity. The last thing such companies would want to do is to jeopardize the entire company just for 1 partnership.

Secondly, Datuk Dr. Mohd Daud Bakar, who is the Chairman of the Shariah Advisory Council of Bank Negara Malaysia (SAC), is the leader of Armanie Advisors. I am also confident that the esteemed Datuk would not risk his position by way of not conducting thorough checks into HelloGold before issuing the Fatwa to us.

Talking about HelloGold abroad, The FinLab, Singapore’s first corporate fintech accelerator, selected 8 innovative fintech businesses for its second cycle of acceleration and HelloGold was one of them. The FinLab is a joint venture between United Overseas Bank Ltd (“UOB”) and SGInnovate (“SGI”). Last year,
HelloGold won the Critics’ Choice Most Innovative Islamic Retail Product Award organised by the UK-based financial intelligence house, Cambridge IF Analytica.

Trying to be as compliant to Malaysian regulations, we keep everything as transparent as possible, following KYC procedures and ensuring that customer's data is secure.

At this point in time, this is all I can offer to anyone who has doubts about us. Of course, there's tonnes of information online that everyone can access to but these I believe are some of the stronger ones around.

good. good. I like they way they sent representative to answer in an open forum.

having some sort of partnership with boost does really sparks many interest.

what is your strength compared to commercial bank besides the low entry cost?

Hey there. Just to highlight some of the key points of HelloGold :

1) IT'S AFFORDABLE - You can start buying 99.99% investment grade gold from as little as RM1.

2) IT'S CONVENIENT - You can sell the gold in your account back to us or request for your gold to be physically delivered straight to your doorstep.

3) IT'S SAFE - Your gold is fully insured and stored in a secured vault in Singapore. That means no hassle and no worries.

4) IT'S YOURS - Your gold is fully allocated. That means you’re the legal owner of the gold and HelloGold is your custodian. Your funds buy and store physical gold compared to unallocated gold, which don’t physically store your gold.

5) IT'S ACCESSIBLE - You can track live gold prices and buy gold anywhere, anytime all from your mobile phone.

6) IT’S SHARIAH COMPLIANT TOO! - Our process follows the Shariah compliant guidelines.

HAPPY FRIDAY!!!