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

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SUSyklooi
post Oct 15 2019, 09:34 PM

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QUOTE(emieSYKES @ Oct 15 2019, 09:21 PM)
Hi,

I found an Apps HelloGold, is it worth to invest ?
How do i know if this secure or non secure transaction ?
Is it a real physically gold or virtual gold ?

Anyone has been using this apps,
Please share with me bit

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hmm.gif looks like this is the same thing?
if YES, then it has an existing thread on this.....with the contact of the CEO too.

HelloGold - Ask Me Anything, related to HelloGold or gold in general
https://forum.lowyat.net/topic/4277147
SUSyklooi
post Mar 21 2020, 11:26 AM

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without you guys clarifying things here,....more would be doomed when they expects to do HIT & RUN of 10% ROI each cycle
SUSyklooi
post Mar 21 2020, 12:02 PM

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QUOTE(robincflee @ Mar 21 2020, 11:53 AM)
As we explained in the long post last night, we had to do this because we are no longer able to use the price feed for spot and had to adjust the price to reflect the market premium on the physical
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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?
SUSyklooi
post Mar 21 2020, 08:16 PM

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QUOTE(MUM @ Mar 21 2020, 07:39 PM)
I maybe wrong, but I think yklooi is trying to know the total breakeven value in %....
so it would enable him to know the total % of those displayed and not displayed charges and those price variances % too...
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thumbsup.gif sort of if I invest in UT EQ investment,
if the buying price 15 months is the same as my selling price now,...I will lose the % of the incurred sales charges...(like 1.5% which were made known to me and paid during the initial buy)

This post has been edited by yklooi: Mar 21 2020, 08:18 PM
SUSyklooi
post Mar 21 2020, 08:44 PM

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so my breakeven % is >9.09% instead of 5.2%?
SUSyklooi
post Mar 23 2020, 11:54 AM

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QUOTE(Joshua_ambrose @ Mar 21 2020, 08:24 PM)
.....
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+-
.........

*
so your posted breakeven % is 5.2049% as worked out by MUM below post....
thus the rate you provided is the "OLD" rate and not the "New Rate"

QUOTE(MUM @ Mar 21 2020, 08:31 PM)
.......
"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+-"

so RM10000 - 9479.51 = 520.49 = 5.2049%
........
*
but as per siewty is was 11.2372%

QUOTE(siewty @ Mar 21 2020, 10:32 PM)
After reading, they seems tried to confuse us and also assume GOLD will going higher and never drop.
Anyway, here is the formula I build to calculate your scenario if the GOLD retain same price for next 15 months

OLD RATE IS 0.79% BUY, 2% Maintenance, 2% SELL
NEW RATE IS 5.79% BUY, 2% Maintenance, 2%+0.3% SELL

Old rate you will risk losing 5.2334%, if the price remain same
New rate you will risk even more 11.2372%, if the price remain same


user posted image
*
thus the NEW RATE as posted by siewty of 5.79% is valid (until further notice and be subjected to changes be it up/down...as per why the premium was introduced as per your link)

QUOTE(Joshua_ambrose @ Mar 21 2020, 11:08 PM)
...........
As for the 'new rate', I believe that I had explained why the premium that was introduced. You can find details of why the premium was introduced here

*FYI, there is no premium for selling gold.
...........
*
thus this is correct then?,

Old rate you will risk losing 5.2334%, if the price remain same
New rate you will risk even more 11.2372%, if the price remain same


not counting the reason for the increase (may it be temporarily and/or subjected to further changes) as per your link....











This post has been edited by yklooi: Mar 23 2020, 11:58 AM
SUSyklooi
post Mar 24 2020, 02:10 PM

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QUOTE(GrumpyNooby @ Mar 24 2020, 01:53 PM)
user posted image

Cara untuk menyertainya:

1. Langgani Boosted SmartSaver di antara 23 Mac - 5 April
2. Simpan RM100 sebulan untuk 3 bulan berturut-turut
3. Isi dana SmartSaver anda menerusi Boost
4. Terima ganjaran RM15 Cashback dari Boost + RM15 emas dari HelloGold setelah tempoh selesai!

Promosi sah untuk 1,000 pelanggan terawal sahaja.
*
do considering to enter because of this,...
do take note of post 1821 by Tan_aniki.....
SUSyklooi
post Mar 24 2020, 02:15 PM

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QUOTE(GrumpyNooby @ Mar 24 2020, 02:13 PM)
I'm just sharing because I received their newsletter.
*
thumbsup.gif thanks for sharing,.....else not many people (forummers) knows about it.
SUSyklooi
post Mar 24 2020, 02:27 PM

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QUOTE(GrumpyNooby @ Mar 24 2020, 02:21 PM)
With the high premium that you're going to pay for, better think properly before committing.
*
really have to thanks those forummers that really spend time to probe/investigate/ask and post their findings for others to read.
SUSyklooi
post Jul 2 2020, 02:04 PM

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QUOTE(al11 @ Jul 2 2020, 01:56 PM)
If sell gold in HelloGold is it to another user like trading or sold back to HelloGold?
*
while waiting for responses, try this....
Buy & Sell Gold
https://help.hellogold.com/en/category/buy-sell-gold/
SUSyklooi
post Jul 10 2020, 04:09 PM

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QUOTE(tsutsugami86 @ Jul 8 2020, 09:20 AM)
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  biggrin.gif
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QUOTE(MUM @ Jul 8 2020, 09:30 AM)
240 to 261 = 21 increases = 8.75% increases from 240
"say want 4% gain, we need to sold the gold at RM 261"
if wanted gain is 4%, then the spread is only 4.75%?

is that calculation of the  spread % correct?
*
he mentioned .... "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."

thus he just wanted 4% gain out of RM100 investment...that is just RM 4 gain
RM261 from RM240 is RM21 gain. from this gain of RM21 he will make RM4 (4% gain from the RM100 he invested)...
thus the spread is RM17.
for every RM100....is 17% ....that is way too much....

anyway, you need to counter check my calculation
also maybe he agar agar / mis projected the buy and sell price ...

i think the previous mentioned is abt 10% spread for HG...
(page 99)

This post has been edited by yklooi: Jul 10 2020, 04:15 PM
SUSyklooi
post Jul 10 2020, 04:17 PM

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QUOTE(Malaysian Psycho @ Jul 10 2020, 03:46 PM)
Why is that? I'm planning to put part of my savings into gold every month. Hellogold seems to be very convenient
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yes, if convenient is what you wanted and accept the % of spread between buy, sell and holding it long term.
SUSyklooi
post Aug 6 2020, 10:20 PM

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QUOTE(yahiko @ Aug 6 2020, 10:09 PM)
It says about 2%monthly fees?
Charges monthly 20 for parking the gold there?
Then no good for long term investment?
*
are you refering to the management fees?
if yes, then i think the 2% is annually not monthly
https://help.hellogold.com/en/category/fees/
SUSyklooi
post Aug 6 2020, 10:27 PM

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QUOTE(yahiko @ Aug 6 2020, 10:24 PM)
The fee is calculated daily and charged on a monthly basis
So they level load down by daily?
*
sine it was charged monthly, then how to load down daily?
SUSyklooi
post Aug 6 2020, 10:29 PM

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QUOTE(yahiko @ Aug 6 2020, 10:28 PM)
your fee will be calculated based on the number of days you held your gold with us.

Written there
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calculated at the end of the month...??
SUSyklooi
post Sep 5 2020, 03:58 PM

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QUOTE(lebrondx @ Sep 5 2020, 03:43 PM)
user posted image

Price spread more than rm20 now🤦
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👍👍Thanks for the latest input
SUSyklooi
post Oct 9 2020, 10:45 AM

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QUOTE(lifenoregret @ Oct 9 2020, 10:42 AM)
Hi, plan to actually leverage hellogold to deposit and withdraw from ewallet

Calculated the charges is approx. 0.05-0.06% which the rate seems not bad afterall, anyone have try that before?
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what is the variance of sell and buy price in hellogold?

more worth to consider "flashdeal" as mentioned in the last few postings (above)

This post has been edited by yklooi: Oct 9 2020, 10:47 AM
SUSyklooi
post Aug 8 2021, 05:59 PM

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QUOTE(TruboXL @ Aug 8 2021, 04:42 PM)
guess the game is gimped huhu
*
you meant this?
both down on 6 Aug?

any special precognition or relationship? hmm.gif

This post has been edited by yklooi: Aug 8 2021, 06:11 PM


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