Need all sifus advice.

I plan to use my little extra money to earn some money pocket even RM1.

Just wonder is it worth to invest gold in HG? Anyone research about the different between Bank gold investment HG?

Buy and Sell better or use the SmartSaver?

Still confused with the administration fees
It said that 2% annually.

Let say i buy 10g cost me 2000rm (for 200/g)

I will save for 1 year

Then 2% annually per month will cost me 1g++ for 1 years, so can we still say this is good investment?

And let say the price will be 250/g in the next year and still i will lose 200rm ++ tho

Anyone can explain this? Cause i already deposit and did not consider this in the beginning

So at the end of the year only charge rm 40?

Hello. As some of you are aware, recently there has been an uplift on the price to purchase physical gold in the HelloGold app. Do have a look at the Physical Gold Shortage article to understand why this has happened and how this shortage is affecting the physical gold market. We at HelloGold hope that this shortage issue will be overcome soon so that we can normalize the fees. Thank you

Wow! Another increased in just a few mins.
Now the spread buy/sell is ~9%!
Bank Gold account spread even a lot lower.

On top of the sell 2%, they also impost an additional administrative fees on sell which around 0.3%, if you check carefully.
Which means, SELL not actually 2%, is 2.3% SELL!

Mind sharing what is the minimun % of gain one must have to make to gain in  hit & run strategy?
In short, what is the % gain to breakeven after buying it?

We have always said that gold is not a something you make quick gains with. It is for long term savings. If the market does shift quickly and you do make fast gains, then that's awesome.
........
Thank you

Hello. I completely understand but it really is dependent on many factors such, but not limited to, as the rate of gold price movement, the amount of time your gold is held and also if a premium is charged at any point. It is really difficult to provide a specific answer to that when there are multiple variables involved.

If the price is stagnant, where the spot price is the same, there would not be a break even point until the sell price increases. As to the percentage of how much it should increase to make a profit, it would also depends on how fast it increases as well.

Ok...extended question to make my brain work on a Saturday evening No worries. Lemme provide you with examples of if the price where stagnant as per your question and I will take a real scenario from 21st Dec 2018 (15 months) :
Your Scenario : -

Closing gold price on 21st Dec 2018 = RM171.65
Assumption is that price did not change
If he bought RM10,000 worth of gold that that point and stored it with us for 15 months and decided to sell it today, assuming today is a week day, after deducting all cost, he would be able to sell all his gold for Rm9,479.51+-

Real Scenario (with the exception that today is a weekday): -
Closing gold price on 21st Dec 2018 = RM171.65
Price today is Rm209.21
If he bought RM10,000 worth of gold that that point and stored it with us for 15 months and decided to sell it today, assuming today is a week day, after deducting all cost, he would be able to sell all his gold for Rm11,553.79+-

I hope this helps.

Hello,
If there was no premium charged by our supplier to begin with, it would still be at the 'old rate' meaning that there would not be the additional premium when you buy gold. That is the only factor which is causing the higher price when you buy gold now.
As we have stated many times before, gold is for long term savings and not for fast gains. Just to let you know, we do not charge 5.5% sales charge. Our Sell Fee is 2%.
I am curious as to your statement that our platform is 100% more costly. Can I know to what are you comparing our platform with please? Thank you

Ahh I see. Well, in all honesty the premium is indeed out of our control and we are hoping that this physical gold shortage is overcome soon. We will surely remove the premium on our side as well when this happens.

Thank you for clarifying.

I saved in the previous campaign supposedly this is the third month I will buy in - then closed the last campaign. When buy in that time see the transaction fee totally scary, straightaway forget about it, sell all my gold - cash out - uninstall HG. No more HG loh...

Did u join yesterday campaign?
Now the buy transaction fee is 7.89% plus 2% selling fee already 9.89% with 3 months admin fee which is 0.5% end up 10.39%
Not sure the cashback RM15 + RM15 can cover the 10.39% charges of RM300 or not… (which is 10%)

When u click buy gold, u can see the transaction fee, now drop back to 6.19%

But still the old days of 0.79% is far from reach…

rm237.51/g now, still can whack or not sifus?

Hi if we buy the gold via HelloGold, how much must we have when we want to redeem physical gold inclusive of delivery to our home?

Also, will the gold be given at 99.99% or 99.9% purity? And it is a LBMA gold bar?

Thanks in advance.

Received email on 13th Jun.

Hello, Congratulations! Your savings reward worth RM10 in gold has been credited into your account. Thank you for saving with HelloGold & Touch 'n Go eWallet, we hope you continue to save and achieve your financial goals.

Update: TNG wallet recv RM10 on 12th Jun.

From T&C from HG:



https://www.hellogold.com/wp-content/upload...edium=affiliate

Cash back will be started to be given on 15/6/2020 right?

Regarding the market premium that we pay, will it be redeemed when we sell? Else that is an additional 5% that I am concerned about.

Will the Market Premium be hidden inside the buying price instead?

Immediately let us know once we invest, already got unrealise loss RM 11 

If invest RM 100, only get 0.397g gold, let say want 4% gain, we need to sold the gold at RM 261 (compare to current selling price RM 240), the gold need to boom up RM 21 to achieve the target.

Maybe the gold price will shoot up in short term period, who knows