GoldChan
2nd April 2010, 10:40 AM
Last year 2009, I heard from one of the newsclipping in YouTube. Public Gold sales was RM70 million. One average, RM100K per kilo, they may have sold more than 700kg of gold in Malaysia.
Perhaps, let assume 200kg are buy and resales transaction.
Thus, about 500kg of gold are sold in Malaysia, primarily to Malay investor.
25,000,000 people / 500 kgs = 50 people in Malaysia invested in 1 gram of Public Gold Bars in Malaysia in 2009. I'm sure 50 people invest 100 to 1000x more in properties, stock and cars.
BTW, do U think UOB can sell 100kg (nett) of coin which is 3215 oz in 2009. I quite doubtful whether they can sell that much. Everytime I go there only the most only 200+ oz in stock.
On average mid-class person, due to the publicity by www.jutawanemas.com many malay investor are in gold. On average, I think malay invests more gold than other races, 5 to 1 i think. Most malay know more about gold than other races.
I asked the main person jutawanemas.com, he told me that most CHinese are more keen in stock and property. indian not in the radar screen. Not sure why?
Perhaps, let assume 200kg are buy and resales transaction.
Thus, about 500kg of gold are sold in Malaysia, primarily to Malay investor.
25,000,000 people / 500 kgs = 50 people in Malaysia invested in 1 gram of Public Gold Bars in Malaysia in 2009. I'm sure 50 people invest 100 to 1000x more in properties, stock and cars.
BTW, do U think UOB can sell 100kg (nett) of coin which is 3215 oz in 2009. I quite doubtful whether they can sell that much. Everytime I go there only the most only 200+ oz in stock.
On average mid-class person, due to the publicity by www.jutawanemas.com many malay investor are in gold. On average, I think malay invests more gold than other races, 5 to 1 i think. Most malay know more about gold than other races.
I asked the main person jutawanemas.com, he told me that most CHinese are more keen in stock and property. indian not in the radar screen. Not sure why?