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

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skty
post Mar 4 2019, 10:41 AM

There is only one thing I know. That is I know nothing.
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Senior Member
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From: Klang/Shah Alam


doh.gif

This post has been edited by skty: Mar 4 2019, 11:48 AM
skty
post Mar 8 2019, 08:38 PM

There is only one thing I know. That is I know nothing.
*******
Senior Member
4,508 posts

Joined: Aug 2005
From: Klang/Shah Alam


QUOTE(David83 @ Mar 8 2019, 08:22 PM)
When changing phone, I need to do a Account Recovery?
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yup
skty
post Apr 12 2019, 12:23 AM

There is only one thing I know. That is I know nothing.
*******
Senior Member
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From: Klang/Shah Alam


hellogold no promotion ongoing now dry.gif
skty
post May 11 2019, 06:44 PM

There is only one thing I know. That is I know nothing.
*******
Senior Member
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Joined: Aug 2005
From: Klang/Shah Alam


so looking at 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.

This post has been edited by skty: May 11 2019, 07:06 PM
skty
post Jun 7 2019, 06:26 PM

There is only one thing I know. That is I know nothing.
*******
Senior Member
4,508 posts

Joined: Aug 2005
From: Klang/Shah Alam


QUOTE(Joshua_ambrose @ Jun 7 2019, 02:38 PM)
Hello all. You may face some technical difficulties while trying to 'Add Cash' or 'Buy Gold' via Boost wallet due to an unexpected error with Boost's server.

FYI ya? wink.gif
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wazzup with the 10 to 5 times changes? biggrin.gif
skty
post Jun 9 2019, 04:19 PM

There is only one thing I know. That is I know nothing.
*******
Senior Member
4,508 posts

Joined: Aug 2005
From: Klang/Shah Alam


QUOTE(Dexter @ Jun 9 2019, 11:53 AM)
HG charges is lower compare to Boost Shake Reward you gained, so it's good return from this perspective.
HG cash withdrawal is hassle free as I did few one since last one. Good experience so far. I didn't actively buy gold but I committed to Smart Saver monthly for 12 months programme.
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If only you buy and sell gold during weekend.

QUOTE(Nicholasng925 @ Jun 9 2019, 12:11 PM)
Yes no complain with HG cash withdrawal, totally hassle free. Even add cash from Boost earns you shake rewards. Imagine for every RM30 added from Boost, you earn RM1-2. Do that 5 times a day for 30 days, and that's RM150.

Yes I invested via Smart Saver too, I reckon this dollar cost averaging strategy is apt for precious metals investment like gold.
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RM30 you have no chance for RM2 shake reward. 0% chance. Highest is RM1.50.
skty
post Jun 9 2019, 11:14 PM

There is only one thing I know. That is I know nothing.
*******
Senior Member
4,508 posts

Joined: Aug 2005
From: Klang/Shah Alam


QUOTE(v2_vehooi @ Jun 9 2019, 10:13 PM)
In your FAQs, it mentioned the buy / sell gold transaction fee is 2%, why just now i am plan to buy gold, your system stated is 2.81% transaction fee ?
CEO, what do you say ?

user posted image
user posted image
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When you read FAQ, pls read ALL.
skty
post Jun 11 2019, 12:09 PM

There is only one thing I know. That is I know nothing.
*******
Senior Member
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From: Klang/Shah Alam


QUOTE(preducer @ Jun 11 2019, 11:51 AM)
Gold price has been going up alot recently
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donald duck effect
skty
post Jun 16 2019, 03:44 PM

There is only one thing I know. That is I know nothing.
*******
Senior Member
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Joined: Aug 2005
From: Klang/Shah Alam


QUOTE(Ancient-XinG- @ Jun 16 2019, 12:42 PM)
Win 1st think later.
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Hahahaha well said
skty
post Jun 19 2019, 05:26 PM

There is only one thing I know. That is I know nothing.
*******
Senior Member
4,508 posts

Joined: Aug 2005
From: Klang/Shah Alam


QUOTE(Chyan @ Jun 19 2019, 03:48 PM)
New promo. Save on 2% admin fee for 6 months.

What's your take guys?

https://www.hellogold.com/gold-savings-stress-free/
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I prefer they reduce the buy/sell fee.
skty
post Jul 1 2019, 09:36 PM

There is only one thing I know. That is I know nothing.
*******
Senior Member
4,508 posts

Joined: Aug 2005
From: Klang/Shah Alam


QUOTE(rojakwhacker @ Jun 30 2019, 03:25 PM)
Awe! That's way too early! laugh.gif Wait monday, down then buy. Up still will go up during end of july, i guess. hmm.gif
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so got drop and buy? biggrin.gif
skty
post Jul 6 2019, 01:40 PM

There is only one thing I know. That is I know nothing.
*******
Senior Member
4,508 posts

Joined: Aug 2005
From: Klang/Shah Alam


QUOTE(rojakwhacker @ Jul 6 2019, 01:14 PM)
Seeing from the boost mission side, around 1k users (i may be wrong) has make payment to hellogold app today. If they buy gold at 2% charge on weekend today and tomorrow just to join the boost mission then that must be WOW.
*
I buy gold but I don’t even give a f**k on the mission. I buy without activating the mission.

LOL
skty
post Jul 7 2019, 11:59 AM

There is only one thing I know. That is I know nothing.
*******
Senior Member
4,508 posts

Joined: Aug 2005
From: Klang/Shah Alam


any HelloGold staff here?

you guys should really consider adding the feature/option to allow cash transfer in HelloGold from one account to another.
skty
post Aug 7 2019, 12:10 PM

There is only one thing I know. That is I know nothing.
*******
Senior Member
4,508 posts

Joined: Aug 2005
From: Klang/Shah Alam


QUOTE(Joshua_ambrose @ Aug 7 2019, 12:07 PM)
Good afternoon. We charge a buy fee of 0.79% and a sell fee of 2%. On weekends, we charge an additional 2% for both buy and sell as the gold markets are closed.

Physical gold redemption consist of a few charges:

1) The cost of the bar itself which includes the current price of gold + bar manufacturing cost
2) Cost of courier which includes additional charges should your location be very remote ( as advised by the courier company we use )
3) Cost of insurance for the safe delivery of your gold ( 100% insured)

When you redeem physical gold from us, we do not ask you to pay for these costs in Rm but what we do is deduct it from your gold balance.

Let's look at the variables for redemption :

a) The manufacturing cost is based on the different bar sizes
b) Courier cost based on your location and weight of gold you would like to redeem
c) Insurance cost based on how many grams you would like to redeem
d) The price of gold that changes every minute

That is why we would be more than happy to inform customers on the redemption cost via our Contact Centre (1300-130-888) as the quote to them would be accurate. The last thing we would want to do is to provide an inaccurate quote to our customers. Do contact us and we would be more than happy to provide you with the 'exact numbers' which you have asked for. It would be easier to give a percentage but that is not accurate at all.

For your information, we are a company that provides the everyday person to be able to buy and save in gold. Most scam companies would promise you a certain return after a certain amount of time. We do not do that. We are a platform that gives people an alternative means to save for their future. There is nothing 'fishy' about the way we allow customers to buy gold as it is done via FPX or Boost. That just shows that we would like to have as much transparency as possible. After all, all FPX transactions are visible to respective regulatory bodies and Boost is ..well.. Axiata.

I believe that quite a few of the forumers here are customers and yes, they have asked questions about us being a scam before. My personal pride is seeing those forumers now actually assist others with the queries in the forum as they have and still are using HelloGold. I applaud you guys. Thank you thank you.  rclxms.gif

FYI....some big news coming soon. Keep a look out ya? This news would actually strengthen HelloGold's position as a company.  biggrin.gif
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no doubt after my experience with HelloGold, you guys' operation efficiency is so much higher than those e-wallet.
skty
post Aug 7 2019, 12:16 PM

There is only one thing I know. That is I know nothing.
*******
Senior Member
4,508 posts

Joined: Aug 2005
From: Klang/Shah Alam


QUOTE(Joshua_ambrose @ Aug 7 2019, 12:11 PM)
icon_rolleyes.gif
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pls consider adding in function of transfer cash to another HelloGold account on top of the existing transfer gold.

just a recommendation ya. nod.gif
skty
post Aug 7 2019, 02:05 PM

There is only one thing I know. That is I know nothing.
*******
Senior Member
4,508 posts

Joined: Aug 2005
From: Klang/Shah Alam


QUOTE(avinlim @ Aug 7 2019, 12:22 PM)
If can transfer cash, its not the initial purpose of hello gold app.
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whatever, it's just a recommendation. I'm not here to argue what is the purpose. Only HelloGold themselves know what direction are they going.


skty
post Oct 9 2019, 06:33 PM

There is only one thing I know. That is I know nothing.
*******
Senior Member
4,508 posts

Joined: Aug 2005
From: Klang/Shah Alam


foresee will have tons of HG account become inactive. hahaha
skty
post Oct 10 2019, 01:02 PM

There is only one thing I know. That is I know nothing.
*******
Senior Member
4,508 posts

Joined: Aug 2005
From: Klang/Shah Alam


come on guys. why want wasting your time to discuss how HG should operate in favor of your ownself? You can't change anything.

whatever fee HG absorb/charge really none of our business. They have made a decision and they definitely know/predict the risk of losing tons of customer from that decision. So just bid your farewell and stay away if you don't like the decision. You can always come back if they decided to reverse the decision.

spend your time to earn more money/improve ownself is much worth it.
skty
post Oct 16 2019, 11:59 AM

There is only one thing I know. That is I know nothing.
*******
Senior Member
4,508 posts

Joined: Aug 2005
From: Klang/Shah Alam


QUOTE(tan_aniki @ Oct 15 2019, 02:58 PM)
i just bought RM1.22 for 0.006g of gold, was trying to max out to RM1.27 to get to the max limit of 0.79% transaction fee (RM0.01) but 1.26 and 1.21 (after deduct 1 cent) is the same gram for RM200.86/g price, so opt for lesser, and the shake reward is 10cents
*
don't need to complicate things.
HelloGold fees all based on gold price at that point of time when you do transaction.
just buy any amount, you won't lose any hidden cost from the fee.

This post has been edited by skty: Oct 16 2019, 12:06 PM
skty
post Oct 16 2019, 12:37 PM

There is only one thing I know. That is I know nothing.
*******
Senior Member
4,508 posts

Joined: Aug 2005
From: Klang/Shah Alam


QUOTE(Nicholasng925 @ Oct 16 2019, 12:29 PM)
Essentially tan_aniki was just trying to earn Boost shake rewards, to cover the hefty HG fees.
The thing is that Boost shake rewards are not linearly proportional, hence her method works.

From my limited trial just now, my return was about 24%.
Just imagine someone does this for the entire RM4.5k monthly spend limit set by Boost.
*
ermmm... I know all these tricks already. Maybe you don't know me but some will always PM me to share good things together.
I post that message with a hidden meaning. Those who get it will get more than those blindly follow tan_aniki's method.
but the credit all go to tan_aniki. His selfless sharing make a lot of people realize it. I myself even know this already, will never post such direct message because the more it exposed, the faster it is patched/fixed.

QUOTE(tan_aniki @ Oct 16 2019, 12:32 PM)
i'm not talking about hidden cost, just to minimize the transaction charges...
If u paid RM1.26 u got charge with RM0.01 but if u paid RM1.27 u got charge with RM0.02 instead of RM0.0010033...
They round up the transaction fee charges (0.79%) when u buy gold...
End up charge u 1.57% for that 1 cent difference...
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you still don't understand. maybe you try to think about it more deeply. I don't wanna post something that is very clear and spoon-feed everyone.

perhaps below quote make you easier to understand:

QUOTE(Joshua_ambrose @ Oct 16 2019, 09:32 AM)
Good morning. We do not round up or down. We truncate to 3 decimal places to be displayed in the HelloGold app. As an example... if you hold 1.22652233444337895 g of gold, what you would see in the HelloGold app would be 1.226 g displayed. However, you would actually have 1.22652233444337895 g of gold in your account. I hope this helps.
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This post has been edited by skty: Oct 16 2019, 12:44 PM

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