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 Selling off gold, ...where to sell?

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JimbeamofNRT
post Aug 18 2023, 11:28 AM

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QUOTE(lawrencesha @ Aug 18 2023, 11:18 AM)
When buy jewelry type gold, you buy the gold, + workmanship.
When you sell, you only sell the gold.

Even if gold price increase, you already rugi.

Unless you are buying bullions, gold is not an investment.

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i bought some of em back in 2000s, price was under rm40 per gram

now?
TSTinyTots
post Aug 18 2023, 11:41 AM

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QUOTE(JimbeamofNRT @ Aug 18 2023, 11:28 AM)
i bought some of em back in 2000s, price was under rm40 per gram

now?
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actually the bracelet I got is from my wedding...it's the old type design and not ngam for me to wear...sell it off then keep money in SSPN or FD better hmm.gif
Lucas0323
post Aug 18 2023, 12:02 PM

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QUOTE(TinyTots @ Aug 18 2023, 10:45 AM)
cos I see the price for 999 seems high now..
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High is 2k now 1.89k still can go
Lucas0323
post Aug 18 2023, 12:03 PM

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QUOTE(TinyTots @ Aug 18 2023, 11:41 AM)
actually the bracelet I got is from my wedding...it's the old type design and not ngam for me to wear...sell it off then keep money in SSPN or FD better  hmm.gif
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Or other option go shop and ask for similar price and look for design u want.
prophetjul
post Aug 18 2023, 12:11 PM

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QUOTE(MishimaZ @ Aug 18 2023, 11:06 AM)
Any gold shop will take it.

From what i experienced, usually the weight X current price and then deduct 15-25% as they wont be paying 100% for profit.

And people still say gold is good investment.
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Jewellery is bad for investment
Gold bars and bullion are good for investment.
You are mis guided.
galkelly
post Aug 18 2023, 12:24 PM

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There's a shop buying gold near Subang next to the toll...forgot it's name dy
NIckLJF
post Aug 18 2023, 12:52 PM

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How about if the jewelerry is a mix of platinum and gold. They able to differentiate the weight?
Autocountstick
post Aug 18 2023, 12:56 PM

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you sure your bracelet is real gold?
Cookie101
post Aug 18 2023, 12:58 PM

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Go gold shop exchange cash deduct 40%
Exchange different gold deduct 20% standard. Atas gold shop some up to 25%

Pawn shop deduct 30% gold value for cash or 25% for pawn status
Azzqech
post Aug 18 2023, 01:50 PM

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Do you have the receipt? Gold shop will ask for receipt to prove ownership. They don't want to deal with stolen goods. If no receipt some shops will accept but lowball you.

MishimaZ
post Aug 18 2023, 01:53 PM

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QUOTE(prophetjul @ Aug 18 2023, 12:11 PM)
Jewellery is bad for investment 
Gold bars and bullion are good for investment.
You are mis guided.
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Nah, just sell off the bars and bullion, see got deduction or not.

To me gold aint for investment.
WaCKy-Angel
post Aug 18 2023, 01:54 PM

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QUOTE(JimbeamofNRT @ Aug 18 2023, 11:28 AM)
i bought some of em back in 2000s, price was under rm40 per gram

now?
*
Now 1g is about rm300

But then 2000s RM40 buy grocery can 1 basket full, and now RM300 only full
prophetjul
post Aug 18 2023, 02:36 PM

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QUOTE(MishimaZ @ Aug 18 2023, 01:53 PM)
Nah, just sell off the bars and bullion, see got deduction or not.

To me gold aint for investment.
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I have been holding gold since 2002.
CAGR is around 11% for gold investment.
romuluz777
post Aug 18 2023, 03:05 PM

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QUOTE(TinyTots @ Aug 18 2023, 11:34 AM)
I have a 999 bracelet which I will never wear at all cos of the design and it's thick. I'm thinking to sell off. Should I sell at gold shop or pawn shop?
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https://mybulliontrade.com/sell-your-gold-silver/

They are located at Starling Mall, PJ.

TSTinyTots
post Aug 18 2023, 03:53 PM

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QUOTE(romuluz777 @ Aug 18 2023, 03:05 PM)
https://mybulliontrade.com/sell-your-gold-silver/

They are located at Starling Mall, PJ.
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wow they have a fixed price already. They take 14% .... ok wor
adele123
post Aug 18 2023, 06:31 PM

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Your bracelet is NOT 999 gold. It's 916. 999 is too soft to be made into jewelry.

I sold my jewelry here, which is off old klang road.

MS Gold Bullion Sdn Bhd

I compared jewelry shop vs jewel4cash vs this ms gold bullion. This ms gold bullion gave best price.
adele123
post Aug 18 2023, 06:34 PM

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QUOTE(JimbeamofNRT @ Aug 18 2023, 11:28 AM)
i bought some of em back in 2000s, price was under rm40 per gram

now?
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You have to compare this with FD. Example the same amount of money you put in FD for the same period, what is the value now? Cannot just look at absolute numbers. Even if gold is higher than FD, question is, is it higher than other easily available investment option?

What is the cost of holding the gold? SDB rental, etc?




kurangak
post Aug 18 2023, 06:38 PM

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QUOTE(MishimaZ @ Aug 18 2023, 01:53 PM)
Nah, just sell off the bars and bullion, see got deduction or not.

To me gold aint for investment.
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gold is an investment. a low risk low return investment, but an investment nonetheless
hanzyms
post Aug 18 2023, 07:13 PM

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I you want high price sell personally. I want to sell fast, any gold jewellery shop will take, but probably around 30% less than market price i think. Btw, do you mind sharing the picture and weight?
gyver
post Aug 18 2023, 07:23 PM

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Try AR RAHNU

August price: www.arrahnuyapeim.net/lain-lain/11671

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