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Showing posts with label gold price. Show all posts
Showing posts with label gold price. Show all posts

27 Dec 2013

Buying gold as a world currency

Gold has been expanding worth the past 5 years, and accomplished a phenomenal gains of 155% since 9/11 and is anticipated to raise 30-35% in the next 12 months. Truly, gold has been a standard of steadiness. Recognized as a global currency, gold is the only asset that is both fluid and substantial at the identical time and every financial consultant will notify you to have gold as part of your portfolio. The inquiry is, what type of gold? Should you purchase gold bullion bar or gold bullion coin?

First thing you need to understand is the distinction between buying actual gold and gold supplies. When buying gold stocks, you are buying supplies of excavation companies, not the gold itself. As such, these supplies are propelled by supply market more than the gold worth itself. In detail, as gold tends to proceed the converse main heading of supply prices, you may find yourself mislaying cash on gold stocks even if the price of gold increases.

The most gladly available gold for buying and trading is most decisively jewelry. Still, coins and gold bars make for a better buying into as jewelry often comprises additional additives and is prone to impairment. On top of that, the general worth furthermore takes into account personal components, such as method, trends etc. In most situations, the resale value of gold jewelry will not ever be as high as the buy cost, making jewelry a pleasant gift, but not a good buying into scheme.

The most readily available gold for buying and selling is most decisively jewelry. Still, coins and gold bars make for a better investment as jewelry often comprises additional additives and is prone to impairment.

If buying gold for collection or easily for individual pleasure, coins are the natural way to go. Even coins that do not specify as bullion will give you a certain collectible worth, endowing you to sell the coin to one of the collectors round the world. Furthermore, the value normally increases with the time, so it is a protected investment too.

Gold investors normally try to buy gold bars rather than coins. In numerous cases, gold bar provides for a better investment worth than coins, however there are exclusions that you need to take into account. The most significant facet when buying gold bars is to be certain you can deal it when required. different coins, which can be sold on coin auctions, or even on eBay, trading gold bars is much larger dispute. The main cause for this is that the gold in gold bars does not carry a governmental promise of value and quantity, certain thing that gold bullion have. It is also simpler to tamper with the gold in the bar, which is particularly factual with "hidden" (or unmarked) bars.

Still, if you know a reputable dealer mesh that can appraise the bar, buying gold bar is an very good investment that is almost guaranteed to stay very steady all through the years to arrive. However, for less experienced shareholder, or for shareholder who likes to benefit both from charges of gold as well as collectible value (that can in detail counteract the distinction in gold prices, should they fall), coins are the better option.

26 Sept 2013

How to sell gold in Malaysia

Gold jewelry or gold bullion can be sold easily in Malaysia without any restriction. There were no selling tax or capital gain tax rules for any types of gold items sold by Malaysia resident or nonresident. No permit or license required for such activity, except for export or import of gold to or from oversea in the form of gold bullion required permission from Malaysia central bank approval.


Where to sell gold in  Malaysia?

The were four major ways gold can be sold in Malaysia. Firstly, gold can be sold directly to any local gold shop or jewellery shop.  It is required for the seller to provide proof of purchase and proper identification for recording. The gold shop will offer buying price 15 % below normal market price as a handling fee.

Secondly, sell gold directly to the private investor. There is much local gold investor want to buy gold at a higher price than retail gold shop. The gold buyer can be found easily nearly by the gold shop or ads in the local newspaper. The price offers slightly better than gold shop rate at  9% - 12% spread of daily gold price.

Thirdly, there was a gold distributor from gold franchise company that offer to buy gold as trade in value for their products. You can found them easily in a local newspaper and internet media. They will offer to buy gold at according to the company publish rate which was better than a gold shop.

Finally, you can find a gold buyer in internet store or online shop which can be reached easily on Facebook or blog website. This private seller was a small trader or small enterprise which can be trusted and using mail as the delivery method. Their price is not controlled by any franchise company or gold  shops association. The price offered were more attractive as this gold buyer have little or less operating cost and less targeted buy margin at 4-5 % higher than the spot price.



How to sell gold in Malaysia 

For selling gold to gold shop or franchise company, you can either walk into any gold shop and ask for quote buying price. The store gold selling price per gram was on display in every gold shop, but it is advisable to ask for update buying rate first. The shop owner normally has gold weight machine to verify gold weight in gram and gold purity tester for check gold purity.


For online buyer and private investor, it is proper to provide the gold weight in gram and gold purity information for their valuation.  Usually, the trade was made at meeting points like a coffee shop or bank. For a significant amount of gold meeting inside the bank is advisable for better security.

Term and condition to sell gold in Malaysia.

There were no particular condition or property gain tax for sell gold in Malaysia. All transaction were made by cash basis; selling was concluded and completed after an exchange of good and cash.


Cash option when you do not want to sell gold in Malaysia

Gold was much appreciated in Malaysia and can be considered as good as cash. If you want to acquire cash with selling your gold, you are always can go for borrowing with your gold as collateral. You can alway get maximum borrowing out  of 60% of your gold market value. For a small handling fee, you can get a payback period up to 6 months at any Ar Rahnu outlet .

To conclude, selling gold in Malaysia is easy and exciting. You can found various type of purchaser and shop that give your a puzzling option and gold price rate at best or worst than spot market. Using spot market as the guide are advisable but never exclusive.  Spot price rate can be found in real time at a local gold market website. There are RM20  to RM60 different per weight of gold to Malaysia gold market price to world spot gold price.Try to sell your gold in Malaysia for better investment option.



  





  








9 Jun 2013

Gold bullion and silver investment in Malaysia .

 Gold and silver as an  investment 


Using gold and silver as an investment were acceptable and norm ways to diversify your investment nest. You can invest on bullions, coins or jewellery made of gold or silver and waiting for right moment to sell it for profit . In Malaysia , gold was sell by local manufactures and distributor by introducing and producing their own brands .
There were many excellence goldsmiths and distributor for international recognize brand like PAMP Suisse. Gold coin and silver coin products were making into several types that applicable to Malaysia market.

Popular gold products. 


Primary type of gold popular in Malaysia was jewellery at 91.6% purity or 22K gold . Most gold shops sold and purchase this type of gold jewellery . The goods were sold base on their weight, design and craftmanship . The shop will charge base on current market price and extra charges for craftmanship. Secondly, gold bar and coins with purity 99.99% or 24K .
These product popular among gold investors and collectors. There were two major different of coin products that differentiate Malaysia gold market with others. . Their very own produce `Kijang Emas ` (Barking deer ) gold coins weighted either 1 oz, ½ oz and ¼ oz respectively. This product issue by Malaysia central bank and distributed by major local banks . Another product is gold `dinar` coin weighted by several size of 4.25g , 8.5g or 21.25g and 42.50g.

 Buying or selling Spread . 

All gold shop are having their own selling or buying spread . Their business plan was simple. Higher spread value and they are making profit. When your are selling or resale of gold, the shop try to buying at lowers possible price, make a new jewellery from that gold and sell it at higher rate. Most gold shop have worst gold price spread between 12 - 15% of gold value . Gold bullion offer much more better spread rate between 5% -9%. Several bullion manufacturer's publish their rate following world spot market and offer an hourly updated price.

 Investment opportunity's

Gold products purchases were tax free investment. No tax apply for selling or buying gold in Malaysia and also no tax for export or import of gold products. There is requirement for export permit and Malaysia central bank approval. Gold was considered as precious metal that can be use as collateral for obtaining private loan. The typically pawn brokering service give your gold appraisal value and give money up to maximum of 60% value of your gold at market price. Using pawn brokering service will give you option to inquired more gold . You only need to invest 40% cash to buying more bullion. It is continue into several tiers . It is advisory to repeat the process up to 3 times or less. The last gold bullion is key to unlock your investment . An increased in gold price will give effect directly to your total assets values less all loan taken and payments. What will happen if the price is decreasing ? There several new option can be done. 

Firstly , typical pawn broking periods can be extended for 6 months or more . This will give your extra time for price movements and trends changes. 
Secondly, buying more gold when prices were at downtrend. You can a get lower average price per gram from total gold that you own . When the trend change , it is possible to sold it with profit. Buy back policy and customer trust. Gold bullion business were monopoly by several local Malaysia gold manufacturer like PG gold and CGPC gold. 
Several others small minor manufacturers which selling under their own brands. Gold can easily traded by buy , sell or exchange . For example your are having 5 units of 1gram gold bullion. When someone interested in 5 grams bullion you can sell all 1 grams bullion in exchange of 5gram . All manufacturer have this buyback policy to increase sale , flexible and encourage people to make saving in form gold bullion. It is also function as trust and confident for the manufacturable able purchase back their sold gold as needed . Trading gold bullion in Malaysia was still at new stage . 
Using internet and social networking to discuss , review and advertisement , online gold trading was a very successful and comparative business . Many stockist buy or sell almost the same brand name . The only advantages that the stockists had were differential gold stock in weight and stockist location. As a gold stockist , they were making profit in tier sale commission and gold exchange scheme as a gram is a gram of gold . I.e. 5 items 1 gram for 1 item of 5 gram of gold . There many more future development and facilities like safe deposit rental and delivery service for valuable metals or exchange center for gold could be increase the people knowledge and start to invest in gold .


1 Jun 2013

How to trade gold in Thailand commodity market.

How to trade gold in Thailand commodity market. 

Gold trading was one of the most lucrative businesses in the world. Every single minute's gold was a trade on the spot market and bulk gold market scene, what we call a physical gold market.

A major gold bullion distribution and the trading house which doing their part in UK London Metal Exchange, US CME and Europe Swiss Credit Suisse Gold.

Apart from using gold as financial portfolios for country economics, mega company investment schemes like Goldman & Sach, what drive the world market gold consumption?

Use of gold in industry and manufacturing. Many of this company have lock and order gold for next two years. All the main metals use in industries were purchase in the form of future nature.

It is the people who appreciate gold who drive gold market consumption. As i say market consumption, not gold price. The daily gold spot price effect by speculator and brokers for small commissions.

Gold in Thailand commodity market

People all over the world, using gold in jewelry and gold artifact or gold bullion. The purpose of gaining the yellow metal was an investment, personal appreciation and tradition like a wedding ceremony.

Western gold jewelry standard start with 14K to 18K purity and most Asia country use gold as much as 22K to 23K gold purity in their jewelry. The differential in gold preference standard makes Thailand using their gold design, color, purity, and weight.

Thai gold has more beautiful yellow color, beautiful design jewelry that i think made ages to produce, the textured surface, gold flake alike leave. They even have money tree look a like from gold and the important `bath` weight for gold . 1 bath equivalent to almost 1/2 troy ounces or 15.24g.

Using this requirement, Thailand Future Exchange (TFEX) have a future investment product base on gold market that drives Thailand gold trading. It was to meet local demand and appreciation for gold. Thai people have been buying gold for ages. Pass from grandmother to granddaughter; gold was seen as saving and sense of security.

There two type of the main products. First, ten bath gold delivery in the spot or up to nearest future three months. Second 50 bath gold delivery which at a larger quantity. Both products is having 23K or 96.5% gold purity.

Thai gold does deliver in the commodity market.

Their price is affected by world spot market price and controlled by TFEX regulations. What makes it is a major different from spot gold markets like CME gold future is that there is physical gold delivery upon completed purchase contract. The contract for spot ten bath gold contract can be concluded in 4 days. You are expecting to get real gold in weight about 152.4 g.

Secondly, the market can be reached easily by people. There were about 20 or more selling agent or big gold shop with a reputation that approve by TFEC to make the trade. Normal trading house register with TFEC can provide selling and buying gold commodity process as per normal broker. The gold market maker or selling gold shop are providing many other services as well. They clearly can do as below,

1. Buying or sell gold at daily spot price


2. Future spot gold order, i,e, short selling


3. Opening accounts for online and telephone booking


4. Received deposit of gold order, not regulated. Normally 10% - 15% of total contract value.

5. Delivery and  Collection of gold

6. Keep safe, or vault services.

There several operating gold wholesaler that doing business at higher professional level. Gold shop like MTS , Hua Seng Heng , YLG, Classic Gold Group .

Now how can you sell the Thai bath gold or short selling? Put it away so much easier; you make a call to the gold shop where you buy or any approve TFEC broker house, get the market selling price and got the order number. If the contract concluded, you have to deliver the gold to their office before 12 pm next day. The business will be completed within four days, and you will have your money in the cheque or deposit into account by Thailand clearing house. There are always commission charges apply.

There are other ways to safe guard your gold. You can option for the gold shop to keep your gold in their vault. They will issue a gold certificate for your gold item saving. This is same as paper gold saving in ETF gold scheme, but a big different is your can walk to the gold shop and demand your gold anytime.

In reality, Thai people do not scare to show their wealth. Gold is put on a show for family status and wealth. Most Asia country uses gold as the measurement of status, hobby, and prospecting to have good wife or husband.

For the most Muslim country, using gold and silver are appreciated for substitute currency. There was once an idea to made everyone use the same currency . I think that day will come in long future and i hope to save enough gold for my future generation. Not for wealth but the reminder of the great color of gold, if gold is depleted one day. Try yourself to trade gold in Thailand commodity market and watch the investment grow if you doing done correctly.