Just browse thru maybank2u website last night and saw this...anyone tried this before?Since Gold price never drop.. i think is a long term investment but need some advise

Not actually right on the 'gold price never drop'. It once went above USD 600 long time ago, but since after that (more than 10 years time), it was hovering at 300 level, just recent global inflation and comodities price surge push the price up again.

Another point is that gold investment won't pay you a single interest on it, while even the most convervative investment, FD still pay you the interest. If gold price is not going up and stable, you are losing on 'opportunites' return (interest).

Gold is a good investment on geo-political tension time (war), and high inflation situation, or meant for value protection, other than that, it might be a lousy investment.

So judge your own.

Agree, thats what I have in mind about gold investment

thankz for the point

sorry i bump it

i interested also to buy a gold, is the gold 24 carat?i mean Kijang Emas Gold although it 99.9%pure

Thanks for your kind informations. i have a "DOUBLE EAGLE" Gold coin from the Coinage of 1868. i like to some more valuable informations about this topic....
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William Patrick
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Everyone knows the value of the US Dollar is going down - the only thing that keeps its value is metals - In the early 1900's and ounce of Gold bought a real nice suit - Gold then was around $20 an ounce. Today that same Ounce of Gold Will buy a real nice suit but that $20 would maybe get you a nice tie.

To fight off inflation everyone should be purchasing Gold and Silver in some form - Gold Coins - Silver Coins or bullion / bars

The best way to start is to start out with a simple program called Silver Snowball - You can visit my site, join and start your collection today. http://www.silversnowball.com/27

If anyone is interested, for me I am not sure.

http://www.pbebank.com/en/en_content/perso...ments/gold.html

Key Benefits

To earn potentially higher return from appreciation in gold price.
Convenience of investing in gold as trading is carried out through a passbook.
Small difference between selling and buying prices.
Affordable initial purchase and subsequent investment.
Invest in gold without having to keep the gold physically.
Gold is the best possible hedge against inflation.
Alternative investment avenue to build up personal gold portfolio which is cheaper compared to invest in gold jewellery as the latter will incur additional cost on workmanship.

What is a Gold Investment Account?

Gold Investment Account is an account which allows individual customers to purchase the purest available gold commodity in 99.9% fineness at daily prices for 1 gram in Ringgit Malaysia (RM).
A passbook will be provided to the account holders and every purchase/sale order will be recorded in the passbook.

wah...
i was so interested into this.. when im was a student, my lecturer always advice me to invest in gold... last time when the gold price increase... it really create 'gold awareness' among my frens... huhuhu..

Which one is better? Gold Coin or Gold Saving?

IMHO gold saving is better coz it saves your the hassle of finding a place to keep your gold coins. Deposit boxes cost money

I second that point!

gold coin more Thrill

You can find more info here

http://www.bnm.gov.my/index.php?ch=103&pg=441&ac=302

You have to probably take note that physical gold bar withdrawal has been stopped by pbbank. This passbook will remain a piece of 'sheets' should anything happens to the country or pbbank , u know what i mean..

But on the other hand, if you are a market commodity trader, 5-6% returns p.a is achievable by buying/selling using this passbook.

I am confused.

From the coin diagram, it stated the gold % and and weight of the coint as below.


Face value: RM200
Gold Purity: 99.99%
Standard weight: 31.105g


But, according the gold price (bank selling price, 1g of 99.9% gold is about RM 100). So, why a 31g of 99.9% gold in Kijang Emas coin is selling only RM 200 ?

Am i missing something here ?

it's not selling at RM 200. that is the face value. the face value is the amount embossed on the coin - just like the face value of 100 RM banknote is 100 RM. the selling price is entirely different. but if you would want to you _could_ use the coin as a 200 RM coin and shop with it. if you do... i would like to sell things to you of course you would not do that because the actual value of the gold is much higher than the face value.

Hi,
I have some questions regarding the gold savings account (passbook)...

1)Is gold savings account protected by PIDM ?
2)If the bank bankrupts, (unlikely ), can we claim the gold/money from another party, like BNM?

Need to note that not all banks allow to withdraw in actual gold and according to website, PBB doesnt.
(http://www.pbebank.com/en/en_content/personal/investments/gold.html)
thanks!