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 GOLDETF (0828EA), Buy Gold like u buy shares

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TSCubalagi
post Aug 16 2019, 01:45 PM

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QUOTE(Jordy @ Aug 15 2019, 05:23 PM)
Congrats on your gold ETF appreciation. Guess you have made quite a decent profit by now.

Also thank you for sharing the findings. It looks like their weightage of holdings in physical gold is 101.36% of their units in circulation at the moment. Any idea if they are still accumulating more physical gold?
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Nice 20% gain. Letting the profits run for a while. I see several risk events in the next 1-2 months that could still support gold price.

I had 10% gold in my portfolio mid this year. This means 2% unrealized capital gain total portfolio wise..This is about neutralize the unrealized capital loss in the equities portion of the portfolio.

On the goldetf, the gold bar accumulation will depend on demand for the ETF. If there is more demand to buy, then they will buy gold bars and create more shares. If investors take profit and sell back, then they buy back the shares, sell the gold bars and cancel the shares. It's a continuous process.

The thing here is the transparency that the ETF is 100% backed with actual physical gold, which is held in trust for investors. That's a great safety there. U won't see such a list in Maybank Gia or public gold. The banks never claim that their gold accounts are 100% backed. If it's not 100% physical backed then there is still a counterparty risk.


TSCubalagi
post Aug 16 2019, 02:30 PM

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QUOTE(Yggdrasil @ Aug 16 2019, 01:59 PM)
Taken from Maybank's website:

Better Protection: Investments in Maybank Gold Investment Account are fully backed by physical gold deposited in Produits Artistiques Metaux Precieux (PAMP S.A)

Who says they are not backed? I don't invest in gold but I would trust Maybank more than this ETF. In fact, Maybank once allowed you to withdraw physical gold. However, they discontinued it (probably costly to entertain customers withdrawing and putting in physical gold) and now push their Kijang Emas as physical gold instead.

But then again this ETF is cheaper to trade even if it's all on paper.

It depends on the level of assurance you need I guess. Most people say you're not really buying gold unless you are buying physical gold that can be kept in safe deposit box.

There have been cases whereby the companies offering gold investment schemes go bankrupt even they claim to be gold backed etc. This is because there really is nothing to back the investment and it's just all on paper. There was no physical gold involved even they stated it. What investors did? They sued. But not like they can get their money back anyway since there really is nothing in the company.
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In Affin case, they don't just claim physical backing. They regularly publish their gold bars list incl make, weigh, quality. N u can compare the list with fund size to be assured its 100% physical backed. So that u know u can wiithdraw the gold. I'm sure being a regulated entity, this list will be audited regularly.

N don't even compare this with the Swiss gold types. Affin Asset is a reputable licensed fund manager. The goldetf is structured like a unit trust and is approved by the SC and Bursa Malaysia. So what they publish would hv been double triple checked to be true.



TSCubalagi
post Aug 26 2019, 12:17 PM

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QUOTE(Ancient-XinG- @ Aug 7 2019, 09:33 PM)
20% can run liao
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Gold very strong

Hit RM2.12.. That's 21+% return YTD

This post has been edited by Cubalagi: Aug 26 2019, 12:18 PM
TSCubalagi
post Sep 10 2019, 11:25 PM

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QUOTE(C_L_C @ Sep 10 2019, 06:51 PM)
Hello everyone! Found this chat on the Gold ETF which I launched!

I work for Affin Hwang AM to launch ETFs and I am constantly on the go educating Malaysians about ETFs. As we all know, the awareness on ETFs is extremely low in Malaysia but I believe that this will definitely improve in the future.


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Wow..

Welcome to the forum and thanks for bringing this gold product to KLSE.

Iol..I don't work for Affin Hwang. but u can PM if u think there are good opportunities there .. Haha.. .

I'm the type that study as much as possible when I invest into something. And I also like to Buy Malaysia (Not Muslim) First.. I also think Gold is going to be more important in the future. So that's why I promote..

I think u can also promote ur ETF at the gold thread in the main financial forum here.. I think there are more readers there than here.

https://forum.lowyat.net/topic/3350149

N I hope Affin can launch a 2x Goldetf.. That would be fun.

This post has been edited by Cubalagi: Sep 10 2019, 11:27 PM
TSCubalagi
post Nov 8 2019, 02:47 PM

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QUOTE(C_L_C @ Nov 8 2019, 02:35 PM)
Test your luck, anyone?

https://www.facebook.com/TradePlusbyAffinHwangAM

user posted image
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Sould give out Gold coins or a winter holiday trip to China instead.. smartphones meeh..

When is the 2x gold coming out?

This post has been edited by Cubalagi: Nov 8 2019, 02:47 PM
TSCubalagi
post Nov 10 2019, 01:52 PM

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QUOTE(StarLightMe @ Nov 9 2019, 04:21 PM)
Interesting topic and I'm new here.... For now I only invested in stashaway.... (where a small portion of my portfolio allocated at gold commodities).... I noticed the gold price is going down recently, and I plan to invest some gold when it's price dropped to the best rate to buy in....

Have read about the HelloGold and it is cool for its boost top up feature😁..... Is there any other cool platform (with low fees) to invest in gold?

Thanks in advance
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Im my own Stashaway.. 😆

I use goldetf as part of my all weather portfolio approach (search Ray Dalio all weather portfolio) with a dynamic allocation model like Stashaway. Haha.. Sounds so canggih one..

As for Hellogold I guess is ok for small amounts, like RM10-100 monthly.. But too costly once u get to more serious money.



TSCubalagi
post Dec 20 2019, 06:42 PM

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QUOTE(Pebbie @ Dec 20 2019, 10:36 AM)
how do you guys buy this etf? need to call every time when want to purchase?
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Yes for some brokers like Rakuten. M Securities no need.
TSCubalagi
post Feb 21 2020, 03:12 PM

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Gold up so strong nowadays. MYR also weakeng. This virus really throw a curveball to my predictions.

Gold etf now at RM2. 23. That's 9% return this year only.
TSCubalagi
post Apr 10 2020, 11:18 AM

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Just to update this thread.. Goldetf is now up 35% for 1 year.

QUOTE(Jordy @ Jul 20 2019, 06:27 PM)
Well, I would not speculate if a crisis or recession is coming or not as I am not an economist. So my views of the economical health are not important. But what I am saying is that my defensive portfolio is able to withstand a recession/crisis in the US. Well IF a recession/crisis was to happen, I could still buy gold then and ride with it. But right now with no clearer sign of it, I would not risk my cash earning nothing.
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Recession is now here.. U buy gold?
TSCubalagi
post Apr 10 2020, 03:17 PM

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QUOTE(GrumpyNooby @ Apr 10 2020, 02:32 PM)
Does this GOLDETF is as cold as MyETF-MMID and MyETF-US50?
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Different fund manager. But need more Malaysian investors to use it for it to be less cold.
TSCubalagi
post Apr 10 2020, 03:28 PM

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QUOTE(GrumpyNooby @ Apr 10 2020, 03:19 PM)
So this GOLDETF is hot?
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I don't know how u measure Hot or Cold.. But if by traded volume I say it's barely air suam.

But more important is liquidity, and I checked the bid ask spread just now there are 100k units at ask of 2.375 and bid of 2.35 with some smaller orders in between. I have done 50k trades for this counter no problem.
TSCubalagi
post Jun 5 2020, 12:08 AM

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QUOTE(GrumpyNooby @ Jun 4 2020, 10:33 PM)
Wahed MY Gold portfolio is investing into this Gold ETF.
Wondering if which option would be better?

1. Invest directly from trading platform
2. Invest via Wahed MY
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It's basically Wahed costs vs a broker costs (Itrade, Mplus etc).

Wahed is 0.75% of the asset size per annum. Broker you pay brokerage, clearing fee (stamp duty is exempted) per buy and per sale transaction.

If u plan to buy small values (say RM1k regularly) maybe Wahed is advantage. Bigger amounts I think broker is more advantage (cash account).

I use broker coz prefer to see it with my other stock investments. So I'm mindful of broker transaction costs.

TSCubalagi
post Jul 1 2020, 08:20 AM

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Gold breached USD1800 per oz.

The more govts print money and gets into bigger debts, the higher gold will go up.

This Goldetf is now up 21% YTD.
TSCubalagi
post Jul 11 2020, 08:13 PM

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QUOTE(Win Win Inspiration @ Jul 11 2020, 12:10 PM)
Good day boss,
So that means the prices of Gold will keep hiking, and it is still good time to buy Gold?
What do you think about buying Gold on HelloGold APP?
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Hellogold fees are quite high. Their target market are people who want to invest small amounts like RM100, RM200 where there aren't cheaper options. Investing bigger amount is better to use Goldetf.

This post has been edited by Cubalagi: Jul 11 2020, 11:56 PM
TSCubalagi
post Jul 15 2020, 08:16 AM

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QUOTE(rocketm @ Jul 15 2020, 12:09 AM)
I just read through the fund information of this gold etf.

May I know do they charge you the quarterly licence fee?

user posted image
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You don't pay this directly. It's paid by the fund manager and will be part of the management expense ratio of the ETF.

Btw if u are using Rakuten, they block this ETF and you have to call them first when you want to buy. That's irritating.
TSCubalagi
post Aug 5 2020, 02:21 PM

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QUOTE(GrumpyNooby @ Aug 5 2020, 09:47 AM)
I got this error message from iTrade:

1472 ATP - This counter (Stock No - 0828EA) has been suspended. The status of counter is 'Suspend Buy'

What does it mean?
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For itrade, you need to call them first. They will check your funds then open for you to buy. Sell is like normal.

This post has been edited by Cubalagi: Aug 5 2020, 02:23 PM
TSCubalagi
post Aug 5 2020, 03:45 PM

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QUOTE(GrumpyNooby @ Aug 5 2020, 02:28 PM)
What does it mean by "check your funds"?
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You must have free cash in your account when you buy. This is a shariah rule to buy physical gold. Free cash is not the same as a trading limit. Basically, the system can't auto check. So u call them up, they check and if you have free cash then only they allow you to key in online.
TSCubalagi
post Aug 5 2020, 04:00 PM

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QUOTE(GrumpyNooby @ Aug 5 2020, 03:58 PM)
Free cash in where?
In the trust?
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Yes
TSCubalagi
post Aug 5 2020, 04:07 PM

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QUOTE(GrumpyNooby @ Aug 5 2020, 04:00 PM)
But my trust got money inside.
Their system unable to validate that?
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They cannot.I use itrade to buy this too.

Btw if this is first time to buy etf on bursa, there is a RM150 TnG r-wallet cash back.

https://www.bursamarketplace.com/etf-cashback/

Sadly I don't qualify since only for new investors.


TSCubalagi
post Aug 7 2020, 12:55 PM

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QUOTE(yahiko @ Aug 6 2020, 10:27 PM)
Buying gold in etf is like buying stock?
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Buy and sell like stock.

This is a listed fund that's 99% invested in physical gold bars.
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