Posted by KH »
1 Comment »Instead of expecting the usual dark maroon PublicGold website, I was shocked to be greeted with “This website is shutdown due to violation of WTExpo’s Terms and Conditions”. From the first glance, I wondered if I have entered the correct address.
After verifying the URL and seeing the message captured below, it seems WTExpo is having a disagreement with PublicGold.
^Screen captured on 10th October 2011, 5:30pm
Domain Dispute with WTExpo
According to PublicGold’s facebook announcement, they are battling a domain dispute with their web engine administrator namely WTExpo Sdn Bhd. With that, their sites are currently inaccessible.
^ Whois reveal publicgold.com.my is owned by Mobile Kin Sdn Bhd(739256-H)
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Posted by KH »
2 Comments »CFP Bryan Zeng shares his insight on Gold and Silver investment.
Q: How do you see Precious Metals investment in Malaysia market?
Bryan: It is definitely a growing market due to increasing awareness and demand from the public lately. Traditionally the Precious Metals market is dominated by Banks, Goldsmiths and Jewelers, now we can see increasing numbers of private companies that distribute or trade precious metals.
Similarly the product range has also increased dramatically, there are various physical and paper based Precious Metals products available in Malaysia now. In fact in some cases the situation has become “feverish” with “Gold Investments” or “Alternative Investments” seminars all over town.
Q: What is the current Malaysian’s mentality on Precious Metals investment? Are Malaysian aware of Precious Metals investment pros and cons?
There is unquestionably an increase of awareness on the benefits or the need to invest in Precious Metals. You can now hear people chat or discuss about Gold or Silver in Facebook, offices or at their favorite coffee shop. It’s just like how they have discuss about properties, stocks, cars and the “Next Greatest Opportunity”.
There would be obviously some people who are well informed and others who are less informed of the risks, benefits, costs, and the variety of options to invest in Precious Metals. I applaud your effort in creating and maintaining this blog which provides a concise flow of useful and up to date information to fellow Malaysians.
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Posted by KH »
3 Comments »I went to UOB at Jalan Raja Laut around lunch time today to do my regular Ounce Cost Averaging on Gold. I usually buy gold bullion at beginning of the month. I took my queue ticket and patiently waited for my turn.
When my turn was up, I walked to the counter and said to the banker, “I would like to buy gold bullion coin”.
I got a shocking reply.
“Sorry, all gold bullion coins are out of stock.”
^ Screen captured from UOB website at 5pm today
I was like, “What?”
“Yes. Out of stock.”
“When is the next batch of stock coming in?”
“No idea. But we have ordered since a month back.”
Posted by KH »
Add Comment »Unlike real estate or equity, gold or silver investment does not yield any rents, interests or dividends. The only game plan is to buy low and sell high. It is always a capital gain play regardless you are a bullion investor or a coin collector.
After you have decided to invest partial of your portfolio into physical silver in Malaysia, you will generally ask your first question about silver – how to buy investment grade silver?
Your silver adventure then starts with you begin hunting for silver bullion sellers. You probably read lowyat.net forum back to back or dig all possible blogs you could find on buying your first American Eagles in Malaysia. You finally bought your first tube of Eagles and without letting your wife knows, you stashed it under the bed.
Then, the next question creeps in. What’s the EXIT PLAN?
Comparing to Gold – you cannot trade your silver with any banks or goldsmith shops in Malaysia. Pawn shops, perhaps – but you will be paid bananas for your precious metals.
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Posted by KH »
Add Comment »It is interesting to see our local Malaysian bank jumping onto the silver bandwagon as well. CIMB Bank now offers Silver Bullion at their CIMB Clicks Shoppe. Most of their silver product offered are Perth Mint box set product.
^ Screen capture from CIMB website on 30 Sept 2011. At time of writing, market is calling silver for USD$31/oz.
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