Gold Investment

In today’s uncertain economic climate, investing in gold is the best choice if you opt to involve in investment. It could be in form of gold coins, gold bars or even jewelry. Gold investment is not only secure, but the return is much higher especially with the current economic condition. The best explanation of what I am talking about is its price. In 1993, the gold was merely sold at the rate of MYR35 per gram, but today, the same gold would cost you about MYR105. In simple Math, I leave for you to calculate it. Hence, the average yearly percentage of returns is about 12.5 per cent per annum! Based on the forecast on long-term investment, the gold value will be getting higher. But the possibility of it to be turned to the other way around is always there. Gold investment is always regarded as the best possible hedge against inflation though, 1 distinct disadvantage is you don’t earn any interest from it.

To those who actually have an excess of cash, investment in gold could be one of the options that you may want to consider. Currently, Public Bank offers Gold Investment Account that allows individual customers to purchase the purest gold commodity based on daily prices in Malaysia Ringgit per gram.

You need to have at least 20gram of gold to open an account, which cost around MYR 1900.

This 20g will remain in the account even if you choose not to top it up. Alternatively, to increase your investment, you can buy additional grams but the min rate is 5g and after that the possible rate is at 1g.

So, for those who are interested in Gold Investment, below are some of the requirement that you might face in order to open an account.

1. You may choose the account type, whether a saving or current account

2. There will be a Stamp duty fee of RM10

For a guide, do take note that at the end of year, you are required to maintain at least 10g of it, or else MYR10 will be deducted from your account.

On top of that, you need to maintain your gold at least 2g at anytime, in order to ensure your account remains active.

For now, that’s all about the Gold Investment. Hopefully this will benefit every single of you in anyway. Thanks.

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