You can use my ruby script to check the gold holdings and HGT yield everyday 11.15PM.

If you don't hold HGT then no point tracking that. But 4 days straight ppl keep selling gold after the promo ended.

Should be HelloGold foundation if you refer to customer of HelloGold Sdn Bhd, not necessarily a natural person. HelloGold Foundation then mint GOLDX on Ethereum chain and sell it to others or distribute dividends of the management fee.

You can take hellogold.com/data.json and sort it descendingly based on gold_balance.

I consider it gone case dy, it seems like HelloGold is adamant on not steering into different direction and still think gold will work out.

I don't think we are referring to same thing.

If you invest with HelloGold app, you should be safe.

If you invest in the ERC20 HelloGold Token, you are screwed.

Bcoz ray dalio.

That's a very polite nope.

PayPal's fee is higher than what HG charges for trading fees, and customers sure won't like to bear the fees either.

Technically the interest you don't earn on ur case is earned by HG.


Ayy ruby on rails default error page.

HG doesn't take back whatever gold you giving because they do not have facilities to test whether your gold bar is real and 999.9 fineness.

Diff of HG from banks, at least what's told by HG, is that HG really has the gold bars, banks can sell you "gold" without actually having it. So banks pose a larger counterparty risk, but its unlikely banks will fold and not able to pay you.

HelloGold x Boost Incredouble promotion is a bit nuts.

Source: https://www.hellogold.com/my/incredouble-savings/ (Please read T&C for full details)

Basically, you:
1. Make sure your account is KYC-ed and is "Pro" status.
2. Buy RM200 gold one-shot and pay via Boost.
3. Boost will give you back RM10 within 48 hours.
4. Don't sell any gold for 1 month+, you get another RM10 worth of it.
5. You can do this twice.

The entry & exit fees are 0.8% on weekdays, annual fee of keeping gold inside is 2%.

Correct me if I am wrong:

- If you buy and sell immediately, you get 3.4% ROI instantly.
- If you hold for 1 month, given no gold price fluctuation, you get ~8.4% ROI in 1 month.

What do you mean by buying & selling rate differs?

So there is a risk involved, I have said specifically IF the price does not fluctuate, don't uturn and say the price WILL drop. You cannot be certain that the price will drop in the future, I cannot be certain that it will stay that way, so I say IF.

8000 transactions is pretty insane by HelloGold's current AUM. RM200 ~ 1KG. They only hold approx 44KG for Malaysia customers for now. If ppl really do this promo we are seeing almost 18% boost from their current AUM.

This post has been edited by honsiong: Feb 3 2020, 04:08 PM

No, because HelloGold is not market maker outside there. If they have to sell their 1KG bar now, they only get paid at spot price. However they have to pay spot + 10% premium when they buy.

It's not really fair, refrain from trading gold right now.

HelloGold now charges extra 7% on top of existing fees. For now I think it's best to get gold exposure elsewhere.

You have very few options in Malaysia coz SEC disallowed everybody but 3. Out of the 3 only Luno is reputable enough.

You can give say Binance etc a try though.

Just remember, never keep your monies on exchanges, as soon as you make the trades, withdraw them to your own wallet. These exchanges are not insured by any means and security breaches are frequent.

The spot price excludes all the fees associated with buying/selling in app.

If you buy gold in HG now, you need it to gain at least 8% to break even, or 10% if you keep it inside for 1 year due to management fee.

Will gold price go up that much, very probable. StashAway's latest update moved a lot more % into gold even after a 35% run up in last 12 months.

How the hell does this company keep surviving keep giving out cashback and gold?

HelloGold Token is practically worthless by now.

Once you get the cashback + free gold, you can just sell it and still profit - provided gold price doesnt drop that much.

Receied RM10 and 0.04g

Spread is only that big during weekends.

The spread is only about 5% during weekdays.

I literally said there... bout 5%

If you have GrabPay Plat tier, you get almost 2-3% in points back.