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 HelloGold - Ask Me Anything, related to HelloGold or gold in general

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SUSDavid83
post Apr 29 2019, 05:53 PM

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QUOTE(Joshua_ambrose @ Apr 29 2019, 05:48 PM)
I can assure that we are coming up with a promo very soon smile.gif
I wish I could give you more details right now.....all under wraps till we roll it out.
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You should use phrase like, "Stay invested, you'll be rewarded"! laugh.gif
SUSDavid83
post Apr 29 2019, 06:12 PM

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Turn Your Payday Into a Savings Day! (Get RM10 x 7 worth of gold)

This one is a new promo for savers plan?
SUSDavid83
post Apr 30 2019, 02:11 PM

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QUOTE(majorarmstrong @ Apr 30 2019, 02:07 PM)
anyone here cycle money through HelloGold using Boost Top Up?
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You can try out and share the result.
SUSDavid83
post Apr 30 2019, 02:26 PM

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QUOTE(majorarmstrong @ Apr 30 2019, 02:23 PM)
if u tried and succeeded then let me know ya
i top up boost with 1.5k only manage to spend RM400++ this month so no choice but to withdraw that is what prompts me to start thinking
but again i am sure there are ppl out there who has thought of this before me and maybe has already experience it before me
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But if you're waiting for cash out money for life saving, this is clearly not the route.
SUSDavid83
post Apr 30 2019, 02:46 PM

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QUOTE(Shalidar @ Apr 30 2019, 02:43 PM)
No charges for topping up HelloGold and withdrawing from HelloGold, but don't forget the up to 2% processing fee to purchase and to sell gold. So you risk being charged up to 4% processing fee and on top of that, the fluctuating gold prices which if the prices are against you, you will be losing even more. Sounds like better to just pay RM2 to withdraw from Boost, isn't it?
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Are you getting confused over your statement that you posted there?

He's no intention of buying and selling gold at all.
He just wants to top up HG e-wallet using Boost and cash out the registered CASA in HG.
No touch of buying or selling gold.
Where's the 2% processing fee involved?

SUSDavid83
post Apr 30 2019, 02:58 PM

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QUOTE(majorarmstrong @ Apr 30 2019, 02:56 PM)
The power of seniority in this forum hahaha
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I'm assisting him to untangle the brain nerves.
SUSDavid83
post Apr 30 2019, 05:25 PM

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QUOTE(majorarmstrong @ Apr 30 2019, 05:25 PM)
back to my topic of cycle money through HG, if you not comfortable to post here, please feel free to PM me ok... dont be shy.. we share knowledge..
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Why cannot post here?
It's not illegal to utilize or discuss right?

Even HG spokesperson also no comment.

This post has been edited by David83: Apr 30 2019, 05:26 PM
SUSDavid83
post Apr 30 2019, 05:52 PM

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QUOTE(majorarmstrong @ Apr 30 2019, 05:48 PM)
sometimes ppl are just not comfortable to share in public
there are possiblity that some consider this type of activity illegal and some even said it is consider money laundering
to me this is consider a service render by HelloGold
I decided to top up RM4.5k into hellogold with my boost account and then 5 days later I no longer interested to buy gold so I withdraw all 4.5k out
I dont see it illegal or money laundering since i change my mind and i am sure Bank Negara would not mind as well as
if hellogold say i need to at least buy gold with the money i deposit then i will write to bank negara to look into hellogold as it is illegal to force someone to invest his/her money into any investment product and they could not put that in their terms since it is illegal as well

this is my opinion saja la.. sendiri talk sendiri syok
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What? Money laundering that I'm hearing?
Come on! All these are traceable; much easier to trace than BP cash withdrawal from the ATM machine.

Source fund (CC/Fund transfer) ---> Boost (got record in source bank & Boost)
Boost ---> HG (got record in Boost and HG)
HG ---> SA (got record in HG and beneficiary bank)

Don't forgot that you need to validate your CASA tied to HG with a front page of your CASA passbook/e-statement

Financial Services Act 2013 records retention min period is how many years?

This post has been edited by David83: Apr 30 2019, 05:56 PM
SUSDavid83
post May 11 2019, 06:48 PM

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QUOTE(skty @ May 11 2019, 06:44 PM)
so looking at it the fee,

if buy and sell in the same day:
buy =  0.79% (weekday) or 2.79% (weekend)
sell = 2.00% (weekday) or 4.00% (weekend)
total charge = 2.79% (weekday) or 6.79% (weekend)

if buy and sell after one month:
buy =  0.79% (weekday) or 2.79% (weekend)
sell = 2.00% (weekday) or 4.00% (weekend)
admin fee = 2.00%/12 = 0.1667%
total charge = 2.9567% (weekday) or 6.9567% (weekend)

above correct? I cannot really confirm the sell transaction fee because I haven't buy any gold yet.

can I immediately sell any gold I received when other people transfer their gold to me?

thanks.
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You can sell immediately; no lock-in period is imposed.
SUSDavid83
post May 13 2019, 03:34 PM

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QUOTE(Joshua_ambrose @ May 13 2019, 03:32 PM)
I'd like to give you mine but that just ain't fair la smile.gif
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When is the next promo, bro?
SUSDavid83
post May 13 2019, 03:37 PM

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QUOTE(tohca @ May 13 2019, 03:36 PM)
oh BTW what's the difference between HG and HG wallet?
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HG is platform.
HG e-wallet is like the trust account.
SUSDavid83
post May 13 2019, 03:49 PM

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QUOTE(tohca @ May 13 2019, 03:44 PM)
Sorry for asking newbie question.
1. When I open HG account, I will have access to the hg wallet as well? Just need to download the app?
2. When I use boost to transfer to hg wallet it will automatically purchase the corresponding amount of gold into my hg account?
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1. Account opening can only be done from the app right? Just download the app and register to open an account. There's identify validation process via KYC to adhere too.
2. No, it'll transfer to the wallet first. You can decide if you want to purchase later.
SUSDavid83
post May 13 2019, 04:02 PM

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QUOTE(tohca @ May 13 2019, 03:53 PM)
Thanks for the replies.
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I'm not sure. I did mine from the app.
It's easier as you have to snap NRIC and selfie.

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