It’s because HelloGold will store it in their vault for you. P/s: If you buy gold from HelloGold, you don’t need to keep it at the bank. In regards to safekeeping, you can keep it in your safe box at home (which we don’t recommend for security purposes) or safe deposit at the bank which could cost you around hundreds ringgit depending on its size - CIMB Bank charges you the lowest at RM250 (you gotta fork out money some more lah). There’re a few places where you can buy gold bars and gold coins such as from Public Gold and HelloGold. Where to buy and keep the gold bars & gold coins? Need to pay storage cost (if you put it in a safe deposit box) Higher risk of theft (if you keep it at home)Ĭould cost higher than gold bars (due to extra minting cost) It’s not like you can slice it and only liquidate a quarter of it, right? The only option you’ve is to liquidate all 1kg. Let’s say you’ve 1kg of gold bars and you intend to liquidate your gold. The downside is that gold bars aren’t a convenient option to liquidate (read: sell to get money). One gold bar could cost you thousands to hundreds of thousands ringgit. As it’s larger than gold coins, it’s easy to store and an effective option for investment if you’re looking to make a sizable one (read: big profits!). There’re various sizes of gold bars (ranging from 25g to 1kg). Usually the first choice for experienced investors.

It might come as a shock to you that some people prefer physical gold more in this digital age, right? Well, some do prefer it more because of its unique properties such as its size and design. Physical gold comes in many forms such as gold bars, gold coins and even gold jewellery. First, here are the different types of gold investment for you to consider.

Credit suisse gold bar malaysia