So hungry for money de

Many people always quote "PIDM", but might not even know the basic fact about PIDM. 1) PIDM only protect your deposit up to 200K if bank out of business. ONLY deposit, your investment, which gold is an investment is NOT protected, it doesn't matter you buy from TNG wallet or banks. 2) PIDM only protect you if bank is out of business, not protect you for fraud or investment losses etc.. TNG gold is a CIMB product, the chance of CIMB or Maybank goes out of business is probably equally remote.

The fact is when it comes to Gold investment, PIDM doesn't really matter at all. The spread and fee probably is what you should look at much more carefully

spread very high right

When people mentions Spread, what does it mean really ah?

Why bother with e or paper gold?

Physical gold.

1kg gold bar like the one below is only 53mm x 118mm x 8mm @ ~RM410,000

2020 shoot up



This post has been edited by Phoenix_KL: Jul 4 2024, 01:27 AM

in short, the difference between buy and sell price.

like money changer's profit between buy and sell lu. buy 4.78 , sell 4.82. thats spread. if buy and sell has big gap= big spread

Okay learned new thing today. Thank you

Go and buy those gold coins sold by Poh Kong/ Habib lahhh.

Beware, buying physical gold is highly addictive.

That is true


I buy physical gold even though I have a Maybank Islamic Gold Account.

Ini you lined up at BN to beli punya izzit??

I bought at Maybank Jalan Maarof.