Basically, gold investment is divided into two main types, physical gold and paper gold.
Physical gold (Real Gold) investment means that investor buy real gold bullion, gold bar or gold coins (Gold Dinar) from Jeweler shop or Gold Distributor.
Source: publicgoldsarawak.com
Generally, most common and recognized gold bullion or gold bar includes:
- PAMP Suisse gold bar
- Public Gold (NOT related to Public Bank)
- Poh Kong Bunga Raya Gold Bar
- Kijang Emas Gold Bullion Coin
- UOB’s Gold Coins
Paper Gold (Gold Investment Account) investment means investor no need to buy or keep the real gold bullion or gold bar, but just get a passbook like Saving Accounts.
Currently, there are many local and overseas banks provide Gold Investment Account includes:
- Maybank Gold Saving Passbook Account (GSPA)
- Public Bank Gold Account (GIA)
- CIMB Bank Gold Deposit Account (GDA)
- UOB Premier Gold Account (PGA)
- UOB Gold Savings Account (GSA)
Gold Account Camparison:
| Account | CIMB Bank | Maybank | Public Bank | UOB |
|---|---|---|---|---|
| Min Initial Deposit | 1 grams | 1 grams | 5 grams | 20 grams |
| Min Subsequent Transaction | 1 gram & multiple of 1 gram | in multiple of 1 gram | 1 grams & multiple of 1 gram | Multiple of 5 grams |
| Min Balance | 1 gram | 1 gram | 2 grams | 10 grams |
| Cash Withdrawal | Yes | Yes | Yes | Yes |
| Physical Gold withdrawal | Yes | No | No | Yes |
| Charge on Physical Withdrawal | based on the Bank’s prevailing gold BUYING price quoted in RM per gram | based on the Bank’s prevailing gold BUYING price quoted in RM per gram | based on the Bank’s prevailing gold BUYING price quoted in RM per gram | Differential between physical gold price and PGA/GSA price + processing fee |
| Annual Fees | RM5 if year end balance <10 grams | Unknown | RM10 if year end balance <10 grams | RM2 if month end balance <10 grams |
| Price Spread per gram* | ~ RM15 (8.25%) | ~ RM7.22 (4.07%) | ~RM6.80 (3.82%) | ~ RM4.10 (2.32%) |
| Selling Buying Prices | CIMB | Maybank | Public Bank | UOB |
| Website | CIMB Bank Web | Maybank Website | Public Bank Web | UOB Website |
2nd update: 4 June 2012
3rd update: 24 August 2012
4th update: 7 December 2013
5th update: 15 July 2015
6th update: 31 July 2015
7th update: 2 August 2016
8th update: 28 May 2017
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