Few ways one can buy and hold USD:

1. Buy physical USD cash and keep (the most common way)
2. Open a foreign currency deposit account (many banks do offer this)
3. Forex trading platforms (usually for short term trading based on contract)

Which method you use??
Which one best?


Open a foreign currency deposit account at bank,can give myr and they change to usd???

U can open a multicurrency current or FD account. Many banks offer this. N yes deposit in RM n they convert.

I have no foreign currency deposit account, I am only keeping some USD in physical cash for now as my holding of USD is very small. I am increasing my holdings in SGD though.

How much you can earn if you change to sgd??

I do not quite understand your question. But if you are asking me how much interest am I receiving on SGD, I can tell you it is very low at 1.5% only. But the reason I am transferring my money to SG apart from currency hedging is to invest my money in SG. So I don't mind the low interest rate as it only acts as a intermediary account.

Means you invest sg stock market???

Why not usd?

I can only open a Sg account easily without a employment permit, whereas it is impossible for me to open a US account without working there. So I chose Sg, and another factor is due to its close proximity to Malaysia, I can get to "see" my money easier.

What bank???
But when you open?
They will ask many question wor

All the info you need is in here https://forum.lowyat.net/topic/1440794 and any further questions regarding the Sg bank account should be posted there. This is GOLDETF thread and any other discussion that deviates from the topic should end right here.

Golld has been pretty stable, inching up. I guess now waiting to see if China will send the People Liberation Army to the streets of HK.. N if that happens, for sure Gold will shoot up again.

In the meantime, I found something interesting at the fund managers website that I thought I share.

https://www.tradeplus.com.my/gold-tracker.html

If u go to the download section, there is a gold bar list you can download. U can check the manufacturer. That's the gold bars that the fund holds on your behalf as an investor. Remember that 1 unit equal to 0.01gm gold and a tiny bit of cash.

This post has been edited by Cubalagi: Aug 15 2019, 02:17 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?

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.

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.

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.

Gold very strong

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

This post has been edited by Cubalagi: Aug 26 2019, 12:18 PM

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

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

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

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.