that our country desperately need to score a first ever gold medal in the Olympic games...
Here I would like to talk about the actual gold....
How often that you all purchase gold?
So far I had purchased 2 times ..
1st - gift for my 1st younger BIL marriage
2nd - gift for my 2nd younger BIL marriage (luckily it is the final one).. lol
That day I read in the newspaper (Star) - Gold price is in the periodic correction....
Gold reached as high US$1,900 last year but had fallen to US$1,600 now....
I was interested on this information and study a bit on the gold commodity...
I discussed with fui fui and ask her opinion on this...
she told me that it is no harm to buy some gold and keep it..
as she know that gold price is lower compare to last year
(hmm she actually keeping an eye on gold price..)
Then another wise person told me ..
gold is precious metal and the quantity is getting lesser and lesser ..
so demand is there and supply is getting lesser day by day ..
and price will be getting higher and higher
I decided to purchase some Gold through Public Bank...
It is so call "Paper Gold" .. and I am not brave enough to keep the 1 tonne gold under my bed...(lol)
Gold Investment Account...
You must have a saving account with the bank and then open a GOLD investment account..
They will give you a passbook .. where it record all your transaction (same as saving account)..
but now you could do online purchase ..
which you bank in the money in your saving and you could purhcase through online...
so save all the hassle to go to the bank to purhcase GOLD..
I would like to share this quote from the article that I read in the Star..
"It is not about how much you have now. It is about how much you want to build now for the future"
Gold investment is not something that you could reap profit in a short period....
There are 2 banks that offer this gold investment - Public Bank and Maybank.
If you interested then you could check out their website.
The minimum qty to open a Gold Investment account = 10gram
(it is about RM1,600 - depend on the Gold price)
Hope this post will benefit you..
Well all this information do not represent a recommendation to buy and sell.
Please exercise your own judgement or seek professional advise for your own specific investment needs. Simple Person will not be responsible for your investment decision.