Buying different kind of gold

Week 2. Buying different kind of gold

Where to buy gold when you make an oversea trip be it a business trip or a holiday. One of the best places to buy is in Hong Kong.

Hong Kong

Bank of China
http://www.bochk.com/web/market/trading_rates/precious_metal_trading_prices.xml?section=market&level_2=trading_rates&fldr_id=279

It is probably a good idea to grab some gold panda 1/10 oz since the spread is not that big and I think gold panda future pricing is good. Nevertheless, this is just my comment. Most of the time, gold panda coins are sold out first. Few years back in 2008, the bank limits the purchase of 1 oz gold per customer.
So far, I have never heard of anyone be able to source silver maple from Bank of China despite the price is always listed there. Always no stock. Tell me if I’m wrong. If you can show me something, then maybe I can at least “belanja” you a makan.

Hang Seng Bank
http://bank.hangseng.com/1/2/rates/gold-prices

A gold places to get some gold eagle at low price. Often it is out of stock.

Other Banks.

There are few others bank selling some gold nugget, but you can get from UOB so not worth-while for me to talk over here.

Macau

Bank of China
http://www.bocmacau.com/en/fimarkets/fm1/201001/t20100107_937839.html

Probably you can grab some platinum coins there.

Zhuhai

Bank of China

I heard from my customers that he was able to source 1 kg silver panda as well as some other metals from Zhuhai. It may be bank of China or some other source. He refused to disclose more info to me. So, you are left hunting elsewhere for more info.

Australia

Perth Mint. More to numismatic products.

New Zealand

http://www.nzmint.com/bullion

You may be able to get some gold kiwi from there.

If you have trusted friends or relative in these places or travelling there probably you can ask them a favor from them to buy and deliver on your behalf. Despite all the persuasion and extra cash given, none of my good trusted friends of mine take it up. In fact after asking, they seems to scare of you every time you bump up with them. I have long stop asking for such favors as I am sick and tired of it, so just buy from Kitco lah. That time when I want to buy Gold Buffalo was at USD800+, I waited and waited then when it became USD1100++ then only I buy. What to do?  There is a saying.

When got $, price is not right.

When no $, price is right.

When got $ and price is right, no stock.

The rest of the places such as Dubai, UAE etc I never been there and I have no information on it. If you got any do let me know.  Share2 lah.

Decisions.

If you got pretty of cash, maybe you can buy 1 oz each of different patterns with popular brand one.  If you want to collect let me give you a rough count
Gold eagle, gold philharmonics, mexico 50 pesos, maples, kijang, singlion, Krugerand, buffalo
Each year different pattern one.
Gold maple Olympic 2008, 2009, 2010.
Gold maple 5x99999
Gold Lunar Rat, Ox, Tiger, rabbit,
Gold Nuggets, Britannia, Panda
You count lah. Easily 20ozs x 4.5 gain each = thus about RM90K already.


If you short of cash one then you should stick to UOB gold.  If you want to be numismatic a bit, maybe every year Sept to Feb time frame go to UOB and get some nuggetslah. Collect silver is better and more affordable.
Selling is bad!

Cause most people only willing to pay at UOB price. Some kaya rich one may pay you extra RM200-RM300/oz. That the verdict for all the trouble you gone through. Just buy for yourself. Force saving make you susah/difficult to dispose. Help U to save $$$$$ for long2 time. Think about it kaya man.


You can also buy various gold bullion from Kitco, but the freight charge is enormous since the shipping is done from Canada. Online fedex tools will be able to give you the estimated shipping cost. I ordered from them few years back in 2008, it took them 3 months to deliver my goods. Things may have change now. You tried your lucklah.

Kitco themselves has two main vaults in USA and Canada. For international sales, the order will come from Montreal, Quebec Canada as Kitco may want to avoid the complex USA export requirement and procedures. If not mistaken the procedure is applicable for export over USD2500.00.  USA vault is meant for USA market only. That‘s why sometimes for certain goods, the description shipping to USA or shipping to non-USA only is stated because certain vault ran out of stock

Lesson learned.

Just buylah when you got the $$ don’t wait until rock bottom prices. When it low enough just buy and hold. There are lot of people waiting in an infinite loop and never take a day to make their commitment.