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 Where to sell gold?

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takadanicklagi
post Feb 21 2020, 06:36 AM

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QUOTE(Angelic Layer @ Feb 21 2020, 01:42 AM)
Bad luck.
Gold bullion seller sometimes can say they overstock and don't want to receive, that's why I always tell people not to buy physical gold.
Last time I have good experience with mysmartgold, but I don't think they will buy jewelry.
Poh Kong guys sure will potong kaw kaw one.
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Not entirely true. U can get from banks and they will buy back for sure.

Like uob or maybank. Their spread also relatively lower.


Poh Jong will be at least 30 lower than market value.
takadanicklagi
post Feb 21 2020, 12:24 PM

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Usually they buy lower. Like 30% . Unless your gold u bought super low.
takadanicklagi
post Feb 21 2020, 02:35 PM

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QUOTE(Angelic Layer @ Feb 21 2020, 02:13 PM)
UOB is not always the case, the would like the cert/receipt for PAMP gold, they won't buy in outside even if it is PAMP.
Maybank I don't know, but since you are buy/selling that from Maybank anyway, why not just open a gold account like I said.

As for TS case for gold jewelry, he is in tough luck, all Malaysia gold jewellers are gang together, you'll never get a fair price unlike other countries.

My advise is don't buy physical gold.
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Yes you are right. Uob will only buy back the gold that you bought from them. Means with UOB receipt. Same with kijang from maybank. They are not gold trader but this is just an additional service.
Also as far as I am concern there is no cert for the gold.

This post has been edited by takadanicklagi: Feb 21 2020, 02:36 PM
takadanicklagi
post Feb 21 2020, 03:00 PM

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QUOTE(prophetjul @ Feb 21 2020, 02:57 PM)
Maybank takes kijang.
UOB takes Aus nuggets, Roos, Pamp, etc
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They only take if....u bought from them.

 

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