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?

Go shop around

in kl > i go razakgold

if temporary need cash > go pajak jer

For me, I will keep it as investment. Gold price will up unless someone can find a way to produce gold

I kept for 20 years dy

999 gold somemore leh. Keep it first unless you really really need to use money

cos I see the price for 999 seems high now..

999 should worth more

but dont expect close to board displayed rate

if u need cash can pawn it

If you go Pajak Shop, you pawn your gold you can get 60% of weighted worth.
If you go Bank Rakyat, you pawn your gold you can get 80% of weighted worth.

Pawning gold is like taking a loan (60% or 80%) with your gold as collateral. You still own the gold and can buyback the gold if redeem by paying full amount. You need to renew the pawn paper(pay some amount) every 6 months though to continue owning it.

This post has been edited by PariaGoreng: Aug 18 2023, 11:15 AM

if around klang Vally, usually I go to this Gemsberly.
https://goo.gl/maps/MFvrJXXjMHH8TF3G6

call them in advance before going, so they can prepare the cash for u. they usually buy close to google gold price and they don't need any cert, sold more than 20k of gold jewelry there

Selling price for Physical gold for investment and jewellery gold is different. Jewellery gold always lower compare to investment gold

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.

keep it, if you takda money issue.

You know new gold is always being found, right?

https://www.newshub.co.nz/home/money/2023/0...e-worth-2b.html

https://clubofmozambique.com/news/uganda-an...eposits-218828/

go normal gold shop, like habib or poh kong etc, they will take 75-80% of its value.

Pawn shop.

Yes, if you sell. Pawn you can buy back.

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.

ok lah, then I sell la cos it's been just lying there in my jewellery box....I want buy something else

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

now?

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

High is 2k now 1.89k still can go

Or other option go shop and ask for similar price and look for design u want.

Jewellery is bad for investment
Gold bars and bullion are good for investment.
You are mis guided.

There's a shop buying gold near Subang next to the toll...forgot it's name dy

How about if the jewelerry is a mix of platinum and gold. They able to differentiate the weight?

you sure your bracelet is real gold?

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

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.

Nah, just sell off the bars and bullion, see got deduction or not.

To me gold aint for investment.

Now 1g is about rm300

But then 2000s RM40 buy grocery can 1 basket full, and now RM300 only full

I have been holding gold since 2002.
CAGR is around 11% for gold investment.

https://mybulliontrade.com/sell-your-gold-silver/

They are located at Starling Mall, PJ.

wow they have a fixed price already. They take 14% .... ok wor

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.

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?

gold is an investment. a low risk low return investment, but an investment nonetheless

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?

Try AR RAHNU

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

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

If US doesn’t export democracy and freedom to the crypto exchanges’ founders ….

Bro
How much you plan to sell?

Just buy Gold ETF.
No need to headache where to keep, where to sell, how much kena potong when sell.

The risk of break-in if keep at home, or misplaced it is TOTAL LOSS ya. (-100% return)

This post has been edited by Singh_Kalan: Jun 20 2024, 10:38 AM

Gold is a hedge not investment

Gotta and enjoy and hug the gold.

In Malaysia (MYR) the average CAGR for investment property is around 6-7% over the past 10 years
Gold in MYR terms, CAGR 11% over the past 10 years.

A hedge performed better than so called investment??

If they make profit, which they do, why isn't it called as investment?

Even shopee

If like this, why do people bother to invest in physical gold (jewellery gold)?

People buy gold bar/coin to invest, not jewellery.

Physical gold is laminated, jewellery is for wearing

People liquidating jewelry to manage HIGHER cost of living

we also know paper gold is worthless.

try materialize all gold ETF in gold bar form. The world won't have plenty.

All smoke in the air.

If paper gold is worthless, so do cash. It is just a representation of value.

so that B40 can show it off.

This post has been edited by B0ss_ku: Jun 22 2024, 09:32 AM

I buy God coin for kids.

now we are talking

LOL that's not called Investment.

Help my mom to sell off the gold bangle at MS Gold Bullion (in Old Klang Road). Very simple process. No receipt required.

Price = Weight x current "Customer Sell price" (from https://msgold.com.my/index.php)

This post has been edited by ronnie: Jul 3 2024, 09:44 AM

Not just investment but also can wear mah.

not bad wor the rates

HI all, can try here to sell your gold. Rates are quite good https://mybulliontrade.com/sell-your-gold-silver/

How about making my old gold from ring, pendant etc into a gold chain. ? Any idea where to do ?

any kedai emas la

Gold price is doing well now

Gold climbing to $3,000 is in progress—hold steady on the last stretch!

I would get a reputable goldsmith to melt it down into a bespoke piece of jewelry that you would wear.

Poh Kong does this sort of thing. But not sure if it’s only for their own gold sold by them or you can bring in other goldsmith’s.

their buy rates are higher than MS's

You bought last time 1g how much?

very cheap...around RM20/g

Waa nice profit

Fuckkkkkkkkkkkkkk

Now 410 per gram

If only i can turn back time

yeah, gold was around that price when i started working. I just sold some .... around 9g. and I'll sell all when i retire. can't bring into my grave also, right. might as well convert to cash and go on my dream holidays and to have good memories

This post has been edited by TinyTots: Nov 22 2024, 04:50 PM

Yes, you are correct. I'm glad to know that your gold purchases worked out for you. Congratulations!