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Chat Is it worth to invest e-gold 1g at rm370?

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Izzet
post Apr 16 2024, 03:17 PM

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QUOTE(skyblack4492 @ Apr 16 2024, 01:51 PM)
Ok or not invest 1g of gold?  Invest Cimb  gold online 1g rm370.80

Inb4 buy high, sell low sei sohai
Inb4 financial planner kena scam 550k
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Don't get e-gold.. Get this

user posted image

I got this when gold =RM16000 per 100g..back in 2017-18
Now RM40K?!

Noice
Izzet
post Apr 16 2024, 03:42 PM

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QUOTE(Freshmeat21 @ Apr 16 2024, 03:37 PM)
Based on UOB rates, bank sell rm477 physical vs rm368 account. That's 28% difference

you only need to pay rm11, 520 for that 100g
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Err.. I don't know account gold price can be cheaper than physical..
Are u sure it is something that pegged to gold?

If it not reflect actual gold price.. U confidence to buy?
Izzet
post Apr 16 2024, 03:52 PM

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QUOTE(Freshmeat21 @ Apr 16 2024, 03:48 PM)
Your gold account holdings is in grams instead of RM.

It's not cheaper than physical, it's more closer to the market rates.
its physical is more expensive due to the processing and storage fees etc.

user posted image
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But the gold bar I don't keep in bank.
I keep it with me.

Still, am I required to pay storage fees? I can't brain.
Izzet
post Apr 16 2024, 05:29 PM

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QUOTE(Freshmeat21 @ Apr 16 2024, 05:20 PM)
when the bank sell you the gold they no need to keep stock?
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I buy from gold smith shop.

 

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