My issue with this platform is the 2% fee. And sumore a top up fee and buy/sell fee . Sounds like you guys have a lot of ways to make money lol. Gold does not appreciate that fast unless there is a drive , say World War 3.

My basic rule of thumb in investment, it should be at minimum higher then your FD, of even better the KLSE. I mean, on an average, take the sifu's advice on the fundsupermart page and you could get an average between 7-10%.

Assuming the calculation of FD 4.0%, gold needs to appreciate by 6% minimum + 2% buy 2% sell.

I do have gold investment, but I trade constantly , like i may buy and sell within a week.

From a business perspective, I think the concept is great as it will/can lure the lower income group into gold investment or making the entry barrier lower. However for people who has the bullets, I personally do not think this is a good platform or I am not seeing a point here .

This post has been edited by Azurika: Sep 1 2017, 02:17 PM

My issue is still the fee's involve even for holding gold. Since your a sifu in this industry, whats the projection for gold in 5 years ? Lets see if its worth the numbers.
Of course if US N. Korea and US launch a few more rockets, its a good thing for us right ?

Assuming the return is correct, we have a 2% holding, means we are left with 5%. And lets include first year 2% last year 2%. that gives me an average of 4.6% over 5 years .... I guess you do beat FD if the returns hold .

Alot of fee involve ... You may end up negative if gold price averages out as they also take yearly fee.