Public Bank Gold Investment a/c. Physical delivery

[GoldChan]

I just call Public Bank. Apparently, you can get physical delivery now.
Procedure.
1. Make a request at the branch where your Gold investment a/c is opened, stating U 1 2 have physical delivery.
2. Delivery is only available at Jalan Sultan Sulaiman branch.
3. Denomination is in 50g and 100 g. Swiss Gold Bar.
4. Charges are RM240 for 50g bar and RM270 for 100 gram bar.
5. No Selling back to Public Bank.
6. Delivery within 30 days.

Time to get your physical now.
How about maybank physical delivery? Anyone tried b4?

[GoldenFinger]

wow~ great info bro..Thanks!

[pywong]

I just call Public Bank. Apparently, you can get physical delivery now.
Procedure.
1. Make a request at the branch where your Gold investment a/c is opened, stating U 1 2 have physical delivery.
2. Delivery is only available at Jalan Sultan Sulaiman branch.
3. Denomination is in 50g and 100 g. Swiss Gold Bar.
4. Charges are RM240 for 50g bar and RM270 for 100 gram bar.
5. No Selling back to Public Bank.
6. Delivery within 30 days.

Time to get your physical now.
How about maybank physical delivery? Anyone tried b4?

GoldChan, why would we want to go through all that hassle and pay more? Just go to UOB, pay your money, get your coin and go.

To work out the total costs, you need to state what are the charges made by PBB on the gold saving account itself? I could be wrong but I don't think it is free.

You only do it if you don't want to take physical gold but want to protect the value of your cash against inflation. Then you pay the bank service charges and treat it as a form of insurance. To assess that you need to work out the spread - the difference between buying gold and selling back (when you withdraw your cash, you have to sell the gold to PBB to exchange for the cash.