It says about 2%monthly fees?
Charges monthly 20 for parking the gold there?
Then no good for long term investment?

This post has been edited by yahiko: Aug 6 2020, 10:10 PM

The fee is calculated daily and charged on a monthly basis
So they level load down by daily?

your fee will be calculated based on the number of days you held your gold with us.

Written there

There is pros and cons

Pro; buy in timing and live. Compare to bank which locked
Cons: charges more than bank

Right?


This post has been edited by yahiko: Aug 6 2020, 10:29 PM

I compare to my current cimb today rates


hello gold S:283.17 B:270.43 Gap:12.74
cimb S:282.9. S:268.1 Gap:14.8

But of coz exclude all fees.
Still better choice compare cimb right?
Yet to check other bank

I am asking in the chat but only tomorrow will get the answer. As for cimb cheaper annual fees

nnual service fee of RM5.00 – in the event the gold balance in the eGIA falls below 5 grams as at 31 December
A closing fee of RM10 should the eGIA be terminated within 6 months of opening

Hmm.. Okla.. wait tomorrow they reply. Good night.

Thanks.
Here the hellogold reply

We accrue our Administration fee which 2% per annum each day based on the value of the gold under management e.g. 2%/365 days x value of gold. This is charged to your account on a monthly basis. Unless there is a gold sale, in which case it is charged upon the sale. Thank you 
We do not charge a market premium. Our transaction price is based on the supplier price which includes any market related premium costs. You can now make an easy, direct comparison with the rest of the market to see how competitive our prices are