Friday, June 15, 2012

Maybank's Gold Investment go online


Last year, I posted inquiry to three Malaysia largest bank, say investors are looking forward to buy gold online. None of them reply my query. I thought they already forgot. Until recently, noticed that “Maybank Gold Investment Account” now enable investor to buy and sell gold online, I believe this is the first bank in Malaysia to allow investor buy and sell gold from online internet banking. They even got the special promotion till 30 June 2012, for details, read the below: http://maybankgoforgold.com/

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The spread of buying and selling price is bit high. For example, today's Selling and Buying price are RM169.40 and RM162.28 per gram. (Gold price in today's quote USD1618/ounce) Meaning the bank will make the profit no matter the gold price up or down. For instant, if a customer buy 10 gram of gold, the bank will earn RM70++. 
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This is good news from investor point of view, I will give another good mark to Maybank, thumb up!! In next few months, I expect the other two banks will follow soon.
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p/s: add on Aug 2012, beside Gold, now investors can purchase Silver as well, it's another added point for Maybank.
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