Category Archives: Gold
Buka Gold Investment Account di Public Bank
Pertama kali saya menulis tentang BullionVault (sistem pelaburan emas online) adalah pada tahun 2008. Pada masa itu harga emas sekitar $28k/kg. Hari ini harganya telah jauh berubah iaitu $56k/kg. Double dalam masa 4 tahun.
Dalam tahun 2008, setahu saya bank-bank di Malaysia belum ada facility untuk melabur emas secara online. Kebetulan saya meninjau laman web Public Bank, hari ini mereka telahpun menawarkan facility ini.
Saya telah pun buka akaun dengan Public Bank GIA ini beberapa hari lepas. Bagi yang belum tahu;
1. Anda memerlukan savings account dari branch yang sama
2. Buka akaun minima 10g
3. RM10 stamping fee
4. Anda boleh link dengan savings untuk access secara online
Selamat mencuba.
Anyone got news from e-gold recently?
E-gold is still online, but at the moment you may not be able to exchange your fund out. E-gold has been in business since 1996, until it came to it’s biggest challenge when US government tried e-gold for child pornography. The accusations were not only for being intermediary of child pornography payment system, but as the medium for terrorists funding method. The founder admitted guilty and went to home imprisoning, and discharged few months later. There were some fines, I’m not sure how much. E-gold also must cooperate with the government and redesign it’s verification procedures.
I followed every emails and alert sent by e-gold, including updating my personal information and uploading proofs of identity. Latest progress, I was advised by e-gold to change type of ownership from ‘personal’ to ‘business’. That was because e-gold found that I have run business transactions. It might be true, I got paid for running and ads campaign on my website. So if it is a business, then let it be. But perhaps later e-gold will ask me to fill up information about my business identity. There might be problem though, because I run it as personal assignments, and I don’t have business identity in that sense.
So anybody else ever contacted by e-gold, or have any feedback from this company?
Updates:
7 July 2010
Updates received from e-gold:-
“Thank you for performing the update, please note e-gold spends have been temporarily suspended. We are, however, working diligently to develop a means by which account Owners will be able to access the value in their account, called the Value Access Plan.”
Maybank – BullionVault: 12 hours funding
After the last problematic TT process from Maybank to Bullionvault, today for the first time I tried the online TT facility provided by Maybank2u. It was such a pleasure to learn that the overall funding process only took 12 hours. Having it done before 12.00 noon probably does help.
The cost for online TT is only RM10 (about US$2.80), deducted from my Maybank account. The maximum transfer amount is RM10,000. Checking the net amount credited tomy BullionVault account I found that the intermediary bank charged me another US$23. Well, nothing free nowadays 
And don’t forget about storage fee. If you have about US$5000 gold value in any vaults with BullionVault, there will be a minimal fee of US$4/month for the custody. Be sure to be in profit, considering the spread and also custody fee.
Happy BullionVault Investor in Forbes
Real success story. Follow the original news here:
A former antiques dealer, Berger was at the fore of what has emerged as a sizeable herd of private investors worldwide buying gold in various forms. In eight months he estimates his original 39,400 pound ($60,300) investment has risen to more than 52,500 pounds — a return of nearly 35 percent.
“If I’d put it in the stock market, I could have lost the lot. If I’d put it in a bank, it could have gone bankrupt. If I’d stuck it under my mattress, I could have been robbed and had nothing left,” he said.
Click here if you are interested to buy gold in an online platform via BullionVault.
BullionVault – Problem with Funding Process
About half a year ago, I found BullionVault.com and the opportunity offered there just attracted me so well. It is run by Galmarley Limited, a company registered in UK. It gives you the opportunity to buy gold at lower price so easily, as easy as in few clicks.
So I started to play with free $30 fund given in the account. I bought 1 gam of gold from Zurich vault. Then I sold it back. Just to get the feel of buying/selling using BullionVault. I found it is very interesting and convenient.
Later on 11 Mar 2009, I deposited a small amount of money to start with. I was so impressed to know that it was credited to my BullionVault account within the very same day. It was something out ox my expectation.
On 6 April 2009, I deposited another amount of fund. And that’s where my problem started. The fund did not reach my account within the same day. So I chatted to a support staff. He was friendly, but cannot help much. What I remember that he said I just ran into a ‘big problem’ by sending the money not using the correct method.
What was the correct method? He said it should be done via the same account that I registered my BullionVault account with. Well, I have 2 things in my mind here:-
1) I followed through the funding process. The website does mention that I need to print the form which can be obtained at ‘funding’ link. So I did. I bring the form to the bank. But bank has it’s own TT form. I was not allowed to use the BullionVault form, but the bank’s own form. I think I have done things correctly.
2) The best part, my first deposit was successfull. Guess what, I did the exact way as the above.
So I exchanged emails with support, and via chat sessions as well. Still that they don’t see my fund coming in. It’s 17 days, and yet they ddi not receive my fund. It’s ridiculous. Whether the support person not checking it thoroughly, or somebody is trying to play foul with me.
I know the amount was too little for someone to cheat me and run away. It just not worth it. But what else can you say if the bank just confirmed the transfer, while the receiver deny of receiving anything? I choose to believe in the bank, not the receiver.
The bank confirmed my fund transfer was cleared into BullionVault account in UK on the same day which was 6 April 2009. What I don’t understand is that why BullionVault keep denying of receiving my fund? I did upload everything needed, the forms, and also the proof of transfer.
Today I went again to the bank, requesting the confirmation document. So my bank branch provided me with the document on communication with their partner at New York (who transfer the fund on my behalf to UK). I will be sending an email again to BullionVault, hoping that this time things will be solved.
I will put updates here, I have the fund in my account. Man I love this trading opportunity, but I don’t need all these problems. I just need the fund to be there and start buying more gold.
++++++++++++++++++
Updates on 28 April 2009
I’m happy to write that my fund finally credited into my account today, immediately after my last email to the support.
Two conclusions that I can see here:
1. Investors, please follow the funding method that BullionVault want it to be.
2. BullionVault, when there is a complaint from investor, please take it seriously and go through your transactions record properly.
Eventhough I lost the opportunity to buy gold when it was down to $27,800 last time, I’m quite happy that finally things got solved. I will still trade with BullionVault and recommend it to my friends.
Pelaburan Emas Yang Lebih Mudah
Semasa membaca artikel berkenaan Gold Investment Account dari Public Bank di laman webnya, saya tertanya-tanya apakah ciri keistimewaan yang ada pada program pelaburan seperti ini. Saya terfikir alangkah baiknya sekiranya urusniaga jual/beli melalui GIA dapat dijalankan secara online.
Harapan saya ini hampir termakbul bila saya terperasan link GIA di dalam laman PubliceBank, yang mana link ini diletakkan sebaris dengan deposit account, loan account, credit/debit card dalam laman web online banking ini. Saya begitu teruja untuk mengetahui mungkin Public Bank membenarkan proses jual/beli emas dapat dijalankan secara online semudah memindah dana dari savings ke GIA atau dari GIA ke savings dalam beberapa klik sahaja.
Tetapi sangkaan ini ternyata meleset apabila saya dimaklumkan oleh pegawai bertugas di sana bahawa sebarang transaksi hanya boleh dibuat di kaunter. Katanya disebabkan oleh harga yang berubah-ubah. Betapa sayangnya.
Satu-satunya mekanisme yang ada secara mudah untuk pelaburan emas dijalankan secara online dan selamat melalui switching antara fiat dan emas ialah menggunakan sistem yang disediakan oleh BullionVault. Sistem ini membenarkan pembelian atau jualan emas dibuat secara online.
Akan tetapi saya menasihatkan mereka yang ingin mencuba agar berhati-hati kerana syarikat ini didaftarkan di UK..jauhnyer. Kecuali anda sering berulang-alik ke UK dan mudah ke sana, maka kita patut sentiasa berwaspada. Namun peluang ini harus diteroka dan dikaji bersama.
BullionVault: How to Start with FREE 1 gram of Gold
People are getting interested more in gold compared to savings, bonds, mutual funds, foreign exchange etc? It should be. Gold is always the best hedging option against the inflation. But how do we do with gold? Buying physical gold in bars, coins or getting into gold savings option? Most importantly is how to get involved with ups and downs of the gold price and make profit during this hard time? Is there a system where people can easily do gold buying when the price is low and sell it back so easily, without getting anywhere except in front of your PC?
BullionVault is the answer!
BullionVault is an internet gold bullion exchange and physical storage provider, founded in 2005 by Paul Tustain. It is owned by Galmarley Ltd. and based in London, United Kingdom. Purchased gold is held in personally allocated storage with Via Mat International in either London, New York or Zurich depending on the client’s preference. BullionVault’s commission charges range from 0.8% to 0.02%, and its custody charge (or gold storage fee) is 0.12% per annum, with a $4 monthly minimum charge.
Clients of BullionVault hold their gold in vaults controlled by BullionVault, thereby creating a legal bailment. This is different from most other online gold facilities, which purport to create a digital gold currency.
BullionVault enables users to buy and sell their gold at prices set by them, ensuring an open and competitive 24/7 market. To prevent money laundering BullionVault asks new clients to provide proof of identity and address. Also unlike digital gold currency, they do not allow the direct transfer of gold units between user accounts unless they are sold via the exchange facility. This contrasts with digital gold currency which may act as electronic money. BullionVault also undertakes a daily audit to reconcile every client’s holdings against the latest bar lists and bank statements.
As of 7th October 2008 and according to their website, BullionVault held 9’476 kg (304’656 troy ounces) of gold in storage.
Get involved with gold trading at BullionVault now. Registration is easy and can be completed with minutes. Here is step-by-step guides on how you can get started:
1. Register BullionVault account here.
2. Login to your account, you will notice a FREE 1 gram of gold is already in your gold storage. Notice also you have $0 currency. The statement shows that your gold is held at Zurich.
3. You may want to try selling this gold. Now click “MARKET” button on the top area of the page. Filter the vault to Zurich because this the vault where your gold is. Notice that the green button with blinking selling price. You may want to take sometime to realize which price is higher. Our objective is to sell high. Or you can click the chart and get the idea of high/low price from there. But for now in order to sell, click on the SELL button on the right panel. Be sure to have the following values in the sell form:
Gold vault: Zurich
Currency: Dollars
Price per kg: Eg. 29000 (depends on current market)
Quantity (kg): 0.001 (this is the free gold given during registration)
Order value: leave it as is
Then click SELL/OFFER and then confirm.
You will receive an email fron BullionVault when the gold is successfully sold.
4. When sold, you will notice that your account statement shows some values in currency. This is the available fund that you have in order to buy gold. Remember we want to buy gold at low price. So click BUY button on the right panel. Fill in the form:
Gold vault: Zurich (you can select London or New York as well)
Currency: Dollars
Price per kg: Eg. 28000 (depends on current market)
Quantity (kg): 0.001
Order value: leave it as is
Then click BUY/BID and then confirm.
An email will bes sent when the order is successful.
5. Now just repeat BUY and SELL and that’s about it.
To get instructions with some pictures please visit my web page here. To register for BullionVault and get FREE 1 gram of gold today please click here.
BullionVault: Cara Meniaga Emas Online
Artikel ini akan membuat pendedahan tentang peluang untuk memulakan perniagaan emas secara online. Sebelum itu, suka saya menyebutkan bahawa BullionVault ini tidak mempunyai apa-apa kaitan dengan skim cepat kaya emas, atau apa-apa skim pelaburan emas yang menjanjikan keuntungan mudah. BullionVault adalah mekanisme perdagangan, urusan jual dan beli, melibatkan untung dan rugi.
Skim-skim Yang Diragui Ketelusannya
Berkemungkinan besar, anda sebagai peminat emas pernah terjumpa dengan beberapa skim pelaburan emas samada secara online atau offline. Saya tidak mahu mengupas panjang tentang skim-skim berkenaan, tetapi pada pendapat saya, mana-mana skim yang menjanjikan pulangan mudah adalah “sangat-sangat berisiko”. Kebiasaannya pulangan mudah adalah umpan untuk anda menyerahkan wang kepada pihak-pihak berkenaan.
BullionVault Sebagai Mekanisme Perdagangan Emas
BullionVault.com dijalankan oleh sebuah syarikat dari UK iaitu Galmarley Limited. Pengasas syarikat ini ialah Paul Tustain. BullionVault memberi peluang capaian mudah kepada harga emas terendah untuk beli, dan harga tertinggi untuk penjualan.
Konsep BullionVault (BV) ini agak mudah.
1. Anda membuka akaun.
2. Anda membuat transaksi (jual/beli) percubaan menggunakan 1 gram emas PERCUMA yang dibekalkan.
3. Setelah berpuas hati, anda mendepositkan akaun currency anda di BV.
4. Membeli emas di mana-mana 3 vault iaitu New York, London atau Zurich pada harga terendah. Vault ini adalah tempat di mana emas anda disimpan.
5. Menjual emas di vault yang sama pada harga tertinggi.
6. Langkah 4 & 5 diulang untuk membuat keuntungan.
Sudah tentu, lain orang lain caranya. Mungkin ada orang yang suka membeli dan menyimpan emas iu dalam jangka masa panjang. Apapun, BV adalah cara paling mudah untuk seseorang melibatkan diri dalam perniagaan emas.
Alternatif Lain Perdagangan Emas
Beberapa alternatif yang ada di Malaysia ialah:
1. Menggunakan akaun simpanan emas (Public Bank/Maybank/Ambank).
2. Jual/Beli Syiling Kijang Emas (Maybank/CIMB).
Anda yang berminat boleh mendaftar BullionVault di sini.
