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

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majorarmstrong
post Apr 30 2019, 02:56 PM

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QUOTE(David83 @ Apr 30 2019, 02:46 PM)
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?
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The power of seniority in this forum hahaha

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.
Shalidar
post Apr 30 2019, 03:20 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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QUOTE(David83 @ Apr 30 2019, 02:58 PM)
I'm assisting him to untangle the brain nerves.
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For sure, I'm always ready to stand corrected by the senior sifus around notworthy.gif

Brain overload from all the things to learn around this finance forum bangwall.gif
majorarmstrong
post Apr 30 2019, 05:25 PM

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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..
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
Shalidar
post Apr 30 2019, 05:44 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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Now that my brain nerves have been untangled so to speak tongue.gif , I have no personal experience in withdrawing from Boost, but I did withdraw from HG e-wallet before.

Personally, my withdrawal of <RM200 was received in my bank account within 1 day, so I definitely had a good experience. On the other hand, I noted some others who withdrew a larger sum took longer to receive. So it's really a question of whether you want to take the risk to save RM2. If it's a lesser sum, really doesn't seem to be a bad idea, but if it's a larger sum, you better think twice

On the other hand, Boost might hate you for this because you're denying them of their RM2 whistling.gif
majorarmstrong
post Apr 30 2019, 05:48 PM

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This post has been edited by majorarmstrong: May 28 2019, 10:17 AM
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
majorarmstrong
post Apr 30 2019, 07:20 PM

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This post has been edited by majorarmstrong: May 28 2019, 10:17 AM
ken_zen
post Apr 30 2019, 09:38 PM

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This post has been edited by ken_zen: Apr 30 2019, 09:50 PM
majorarmstrong
post Apr 30 2019, 09:48 PM

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QUOTE(ken_zen @ Apr 30 2019, 09:38 PM)
Anyone can pm me your referral code? Thanks.
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done - check ur PM
Dexter
post May 2 2019, 11:34 AM

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My first experience with HG on the $$ withdrawal (after I sold my gold), about RM100. Taking about 1 business day in my CASA (included bank statement approval).

I hv not try the way you mentioned above (changing mind of gold buying) since I'm aware no withdrawal before I join HG. It has slightly advantage over Boost withdrawal.

I've no doubt to use this service at my convenience level.
l4nc3k
post May 3 2019, 09:15 AM

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Edit: Issue solved by HG cust service.

This post has been edited by l4nc3k: May 3 2019, 10:13 AM
Zackwong6167
post May 5 2019, 01:59 PM

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Me and my friends tried to use the add cash feature by using boost but our balance in hello gold did not get reflected. Any reason ?
life27
post May 5 2019, 02:40 PM

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hg will kena income tax are not ??? later worry get caught not declare in income tax
sofiya ainin P
post May 5 2019, 11:25 PM

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QUOTE(robincflee @ Apr 27 2017, 11:38 PM)
I am the CEO of HelloGold, a retail financial services platform that enables mass market consumers to access micro savings in investment grade gold through a mobile app (both Android and iOS). The mobile apps allow users to save, borrow and send gold at a minimum transaction threshold of ~USD0.25. HelloGold users have the opportunity to better preserve and diversify their wealth, as well as the ability to access short term financing by collateralizing their gold.

HelloGold makes gold affordable by allowing its users to buy very small weightage per purchase at international spot prices. Customers have direct ownership of the gold they buy. The gold bullion is stored in a vault in Singapore, fully insured against physical loss, and is fully redeemable as physical bars and coins, or simply cash.

Our partner in Malaysia is Aeon and we are about to partner with one of the largest banks in South East Asia. When the agreement is finalised, I will be in a position to disclose the name of the bank.

Before HelloGold, I was CFO of the World Gold Council where I was also part of the senior management team of the world's largest gold fund, GLD, with US$30 billion of gold under management.
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sofiya ainin P
post May 5 2019, 11:26 PM

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Wahh, isnt it HelloGold is the first company in Malaysia that has introduced Islamic cryptocurrency and even certified by Amanie advisor cuz it is backed up by gold?

That is a good initiative though
majorarmstrong
post May 6 2019, 10:21 AM

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QUOTE(sofiya ainin @ May 5 2019, 11:26 PM)
Wahh, isnt it HelloGold is the first company in Malaysia that has introduced Islamic cryptocurrency and even certified by Amanie advisor cuz it is backed up by gold?

That is a good initiative though
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totally tak faham this statement - what is Islamic Cryptocurrency, what is Amanie Advisor?
Shalidar
post May 6 2019, 11:25 AM

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QUOTE(majorarmstrong @ May 6 2019, 10:21 AM)
totally tak faham this statement - what is Islamic Cryptocurrency, what is Amanie Advisor?
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I'm not sure about the Islamic Cryptocurrency but as for Amanie Advisors, you may want to refer to this:
https://www.hellogold.com/hellogold-is-worl...ech-platform-2/

Amanie Advisors is HG's Syariah Advisor

Edit: While googling about the said Islamic Cryptocurrency, I found this:
https://themalaysianreserve.com/2018/02/21/...cryptocurrency/
Apparently they really have Cryptocurrency which I think isn't doing so well sweat.gif

This post has been edited by Shalidar: May 6 2019, 11:30 AM
Chyan
post May 7 2019, 10:52 AM

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QUOTE(Zackwong6167 @ May 5 2019, 01:59 PM)
Me and my friends tried to use the add cash feature by using boost but our balance in hello gold did not get reflected. Any reason ?
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I assume it's solved? Usually for iOS it seems to be slower. For Android though, it's seamless.

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