Poh Kong’s gold bar only can sell to them, no other goldsmith will buy them from you. I am not surprised if UOB or MBB also will not buy those PAMP if it’s not from them. So my question is “is there really great value in gold investment”?. If there is then why these gold merchants do not want to buy from you?

Do it in pawn shop. I can recommend the pawn shop if your in KL

Pls do recommend. Tks

I have been buying kijangs from Maybank and Roos, Lamps from UOB since 2002.
No problem selling.

Great investment. 2002 was around RM1200. Now around RM7000.
That is 11% CAGR.
Not too shabby!

This post has been edited by prophetjul: Feb 21 2020, 09:14 PM

i sell b4,at jeweleries

Gold is a good investment elsewhere but not in Malaysia, in Japan there is demand from merchants and private party where you can sell it to plenty of liquid buyers.

In Malaysia no one will buy it from you, gold merchants in Malaysia is skewed and unscrupulous, and make out all the excuse, the gold bar/bullion merchants will give all sort of excuse "cash tied up" etc not to buy back from you.
Pawn shop also cut throat.
Better open gold savings account, guaranteed can convert to cash, safer still from theft.
Don't buy physical gold in Malaysia.

In 2002 there was no gold accounts!

Instead of gold accounts where the spread is big, just use SPDR GOLD.

This post has been edited by prophetjul: Feb 21 2020, 10:08 PM

Not everyone have ETF account, back then I thought that account requirement I might as well go futures which I did.
8.46 per gram (as of today) is expensive but not terrible, around 3.77%

ETF is only brokerage fee.

You open account there is a minimum investment, differs from broker, I think 8k USD back then in 2005 when I start working, not sure now.

Gemsberly Jewellery
No. 67, Jalan SS 19/6, Subang Jaya, Selangor, 47500 Petaling Jaya
Phone: 03-5636 1597


this shop will valued your gold and pay you in cash. price wise is consider good .
no question ask no mykad/passport will be needed wink wink

cheers!

This post has been edited by JimbeamofNRT: Feb 22 2020, 02:47 AM

Tks, now wait and see how far gold price can go up. Good to know options to sell for cash. Will update here if get them sold.

Jalan Pudu next to Pusat Tuition Martin @ Kedai Emas New World.

Hi, you can sell your gold on SK jewellery Malaysia too. Nowadays, if you go pawn shop you feel no face mah. But when u go SK jewellery and sell your gold nobody knows. Others only think that you go buy gold (gt face loh)

https://www.skjewellery.com.my/instant-cash-for-gold/

A certain person here is very anti physical gold and opinionated just because he had 1 bad experience

Just my opinion, feel free to disagree

This post has been edited by lopo90: Nov 23 2020, 05:34 PM

Try merchant9.com .Offer one of d best rate.
They got 2 branch one in ttdi another in lrt damai. Fast and good rate

Or google kedai emas merchant9

This post has been edited by mousepad87: Dec 5 2020, 12:37 AM

OMG, was hoping for an answer but it seems that selling gold with fair price is not easy. Always read from other forum recommending gold as the best investment because price keep rising, but what is the point if we can't even sell at market price.

I got some gold inherited from parent, now not sure where to sell. Keep in safe deposit box with monthly charge haizzz....

Contact dean arif from mybulliontrade. Sold some of my gold last time to him. His prices are very good and his service is top notch.

Much better price than Merchant9

This post has been edited by Mamapapamsia: Jan 14 2021, 04:49 PM

Next time buy public gold bar. Very easy to sell back.

Anyone sells gold back to gold shop like

Poh Kong or Tomei?