From my experience vs FD,since 2002 11% CAGR for gold and approx 5% for FD.
I use FD vs gold because basically you don't need to manage them. Safe box cost is negligible unless you are holding few hundred kgs!

This post has been edited by prophetjul: Aug 19 2023, 10:08 AM

I dealt with them before. All good.

Best place would be Razak Gold or MS Gold...

Yup, that's correct. Gold bar is investment, and treated as money - so there is no tax on it, even in Singapore. Just like you exchange money at a money changer, there's no tax. You're merely changing from one form of money to another.

But jewelry will have labour cost and value added tax. Making a profit from selling them would be harder.

Better investment than fixed deposit. That about right.
If really wanna invest gold also buy gold etf la instead of physical gold.

To invest in gold, I prefer physical PAMP suisse 24K bars or 1oz gold buffalos, Canadian maple leafs. Easier to sell off.
Avoid buying gold bars from the regular retailers, as they mark up quite a bit + workmanship charges

confirm it is 999.

I generally do compare cost in all ways. If indeed one is getting 11% return, that is good. What i want to say is comparing absolute numbers is meaningless considering other alternatives.

I personally feel SDB cost should be factored in unless it has been there eirher way. If you hold 100g of gold, sdb cost is example rm400 per year, there is a fixed % cost yearly. Not alot but still cost. Vs FD, really no cost.

https://www.wahchan.com.my/blog/december-20...nd-colour-guide

I'm just giving an overview because i notice you are not aware of the fact that 999 gold is too soft to be made into jewellery.

A simple google would explain why. Olden days, the old people use slightly different terminology.

If you intend on buying just 100g of gold, i would not consider that an investment!

I know 999 looks like. the design of the bracelet made sure that the design stays that way and it has to be really thick and heavy. it's a bracelet. not necklace or ring.

FDs locally will be in depreciating MYR. Unless its in SGD, USD, then lain cerita
And most folks would already have SDBs for storage of other stuff (important documents, certs and other precious items),
not only gold, I don't think its necessary to factor in these storage costs in assessing the viability of gold investment
in small quantities (not a few kilobars)

I know buying price is different, but I don't know selling is different too. Always thought it's by weight

I wonder if anyone actually sells gold on Carousell platform

Can't think of anywhere else other than pawn shop. Lol!

Or I could be wrong. No?

Ar-rahnu pajak

This post has been edited by B0ss_ku: Sep 10 2023, 10:26 PM

Others may take it as investment but I take it as emergency SoS. Nothing happens then keep long long time. If got war happens, gold is a kind of pertolongan eventhou not much.
Sedikit sebanyak mesti simpan untuk SOS

Actually Gold price will appreciate better than FD/SSPN

Agreed even more so with high chance of ww3

That, or Bitcoin...

Digital Gold which has limited max supply