First, how did you purchase the gold? Direct purchase, or you top up your account with RM500 first before purchasing using your HG wallet? Purchase/Top up using Boost or not? If any modes other than Boost, you will have surcharge as stated in HG FAQS here: https://help.hellogold.com/en/top-up-processing-fee/

Second, don't forget you have a 2% processing fee, even at the stage of purchasing your gold. So you already received less than RM500 worth of gold.

Third, there's another 2% processing fee for selling your gold. So that reduces it even further.

But one thing that I'm surprised is that you only received 2.679g of gold when you purchased RM500 worth at 168.7/g. By my calculations, assuming there's only 2% processing fee (without RM1.20 top up fee) you should be getting like 2.8g+ or something. Perhaps we need some other sifus to explain how to calculate conversion of RM500 to gold

1 night only, the storage fee or administrative fee is practically non-existent lah since it's 2% per annum only

That's a good point. Should take a screenshot of the buying details. I'm curious how RM500 purchase of gold at 168.7/g would end up with only 2.679g

I've calculated, and at RM170/gram, it's really only about RM489 for 2.939grams. You can check it yourself, 2.939*170 = RM499.63, less 2% processing fee = RM489.64

Don't forget about the SmartSavers promo for newbies

Not really new, should be ending soon in fact. I remember it ends early May

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?

This post has been edited by Shalidar: Apr 30 2019, 02:48 PM

Ohh... Shoot, you're right. I did get confused. Just HG e-wallet, I see

Edit: My apologies Thanks for pointing out my mistake, haha

This post has been edited by Shalidar: Apr 30 2019, 02:50 PM

For sure, I'm always ready to stand corrected by the senior sifus around

Brain overload from all the things to learn around this finance forum

Now that my brain nerves have been untangled so to speak , 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

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

This post has been edited by Shalidar: May 6 2019, 11:30 AM