Best Gold Investment Accounts in Malaysia (UOB,CIMB,Public & Maybank) 24 May 2013 Check out the best Gold Investment Accounts in Malaysia, with comparison of UOB, CIMB Bank, Public Bank & Maybank’s Gold Investment Account & their respective price / buy-sell spread. UOB Gold Investment Accounts Provided by: UOB Bank Bank Selling Price: RM137.40 Bank Buying Price: RM134.10 Buy-Sell Spread: RM3.30 Minimum initial purchase: 20g Minimum balance in account: 10g * Before opening a Gold Investment Account at UOB Bank, investor is required to maintain savings / current account to facilitate payment for purchases, collection of sales proceeds & debiting of fees and charges. Public Bank Gold Investment Account Provided by: Public Bank Bank Selling Price: RM138.11 Bank Buying Price: RM132.65 Buy-Sell Spread: RM5.46 Minimum initial purchase: 10g Minimum balance in account: 2g CIMB Bank Gold Investment Account Provided by: CIMB Bank Bank Selling Price: RM136.40 Bank Buying Price: RM130.80 Buy-Sell Spread: RM5.60 Minimum initial purchase: 5g Maybank Gold Investment Account Provided by: Maybank Bank Selling Price: RM137.72 Bank Buying Price: RM131.94 Buy-Sell Spread: RM5.78 Minimum initial purchase: 1g Minimum balance in account: 1g Notes: * The above gold prices are as of 24 May 2013 2 pm. Prices are constantly changing & you are advised to visit the official website or visit your nearest branch for the latest pricing details. * Physical gold conversion / withdrawal from banks are possible but are subjected to charges. Please visit links attached at each investment account for more details. How To Gain Earnings in Gold Investment Accounts: For example the bank selling price on 17th April 2013 is RM137.00/g at UOB. You have a savings of RM137,000 in your UOB Savings account to be invested in Gold Investment Account. Hence with the money you can get 1kg / 1000 g of paper gold in your Gold Investment Account. On 26th April 2013 you decided to sell 990 g of your gold at bank-buying price of RM143.70 and keep the minimum of 10 g balance in your gold account, hence you are receiving (RM143.70/g X 990 g) = RM142,263. Deducting your initial investment (RM142,263 – RM137,000) you are earning RM5263 in 9 days, averaging an earning of RM584.78 per day without working. Quite amazing, right ? Bear in mind that you still have a balance 10g of gold in your account, with an estimated value of RM1437.00 Friendly Reminder: ALL Gold investment accounts are not protected by PIDM. The returns from gold investment are subjected to the global gold price’s fluctuation. Earnings from gold investment are UNCERTAIN & customers are facing risk of no earning at all or even losses. Please consult your banking staff & perform more research regarding gold investment prior to placing your capital in gold investment.