Buying Gold As Investment

Based on the forecast on long-term investment, the gold value will be getting higher. But it might turn another way round. Someone bought 7 years ago at MYR 39/gram but now more than MYR 95/gram.

USD Vs Gold

If you look at the relationship between USD and Gold Price, it goes in opposite direction. As long as USD keeps dropping, the gold price will continue to rise. So if USD goes up in the future, the Gold Price will drop. Obviously, there is a currency risk. Nowadays, gold price very hard to predict since it’s going up and down as crazy as stock market.

Gold investment is always regarded as the best possible hedge against inflation but 1 distinct disadvantage is you don’t earn any interest from it.

Where Can Invest?

Gold Investment Account

Now, you can go Public Bank to open Gold Investment Account that allows individual customers to purchase the purest gold commodity based on daily prices in Ringgit Malaysia per gram.

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

This 20g will still remain permanently in my account even if you did not do top up. You can buy additional grams but min is 5g and after that will be in the increment of 1g.

Requirement:

1. Saving account or current account

2. Stamp duty fees RM10

**At the end of year, you need to maintain 10g, if not they will deduct RM 10 from your saving accounts.

**A minimum of 2g of gold is to be maintained to ensure the account remains active.

At last, if you really want to invest. Please do not put all your eggs in 1 basket, do diversify your investment to crude oil, silver, etc. All this commodities have brighter future. Did u think about what would happen if the gold price comes down in the future?

Question ???

Why the gold rate for Maybank & Public Bank is different since all gold are traded in one market?

30 thoughts on “Buying Gold As Investment”

  1. Nice post dude. I agree with you. Gold is really a good investment nowadays. Here in the Phils. I bought some stocks of a Gold mining company a few years back at .70centavos. My friends laughed at me because the stock has been at that level for almost 5 years. I purchased sizeable amount. After 2 years it went up to 7pesos. Now its trading at 15 pesos on the average. Not bad ain’t it? πŸ™‚

  2. Perhaps the answer to that question can be answered by looking at the currency exchange…

    Currencies have the same value but banks decide how much they want to make from the buying & selling of these currencies…
    That’s why different banks offer different exchange rates.
    It’s the same with gold…

    But that’s only my opinion/pure speculation…
    Need a banker to confirm this.

  3. bloggista: u bought it in physical gold like traded in the market?? is it more worth to buy rather than gold investment account?

    do u know where could we buy it?

    ah kam: it seems like Gold value can be increased from time to time? is it a good time for us to invest since now USD value depreciate while Gold value high, right??

  4. Well, its stocks from a Gold Mining Company. You can try to buy stocks from them too, aside from buying Real GOld just like you did. If you got some extra cash then its best to put your eggs in more than one basket.

  5. You can buy shares from KLSE listed companies both online & offline.

    My father is a remiser & he has wisdom & experience in the stock market.

    Want to be his client?
    haha~~

  6. When a friend from USA told me I should invest in gold, I thought he was joking.

    A month later the price of gold in Singapore dropped LIKE MAD before it went back up. So if I invested in gold at the right time, I woulda gotten a chance of selling it too for a nice profit (cos people thought the price was gonna be more expensive!)

    Stocks and shares have their drawbacks. Nowadays, Singaporeans use their CPF to invest for guaranteed returns. When they buy unit trusts, guaranteed returns every year in April and Oct.

    I will not divulge the name of the funds though. It’s best you do your own research and come up to your own conclusions on what’s good for investing.

    Keep up this good blog David!

    P.S. Twit me at http://www.twitter.com/qutequte πŸ™‚

  7. Buy gold? Sell Gold at YourGold.com

    I am the CEO of a international gold buying company named YourGold. I fully understand the safe haven that purchasing Gold and precious metals in tough times presents for investors.
    What about the person in middle America who has little to invest and is scrapping by? This is a perfect opportunity for middle America to sell precious metals, from old jewelry made out of gold, silver, platinum and unused stones. When the country is having a hard time, gold prices rise, making this the right time to get rid of your gold and jewelry for top dollar. http://www.yourgold.com will pay top dollar for your items. Check us out, it will be your best move of the day!!

  8. Most of the time it’s right when USD$ goes up Gold will go down or vice versa.

    The explanation is simple :-

    USD up meaning stock market is down where all the money from other countries is transferred to US. Meaning more people is buying USD.

    When stock market is down, the safest investment is Gold. So the prices of gold will go up as more people will buy gold and throw their shares.

    Just my 2 cents.. ^^

  9. Goldcurious, this is free market anyone can put whatever price they want for gold. Our latest offer price for pure gold is rm 117-119 for each gramme. pamp suisse 100 gm , compare with others dealers. make a genuine wise buy.

    goldman999.9@hotmail.com

  10. I like your style, the fact that your site is a little bit different makes it so interesting, I get fed up of seeing same-old-same-old all of the time. I’ve just stumbled this page for you πŸ˜€

  11. Being that we already happen to be talking about things in relation to Buying Gold As Investment | Malaysia’s Financial Blogger | Financial Freedom Ideas | imDavidLee.Com, When properly cared for, gold jewelry can last a lifetime. Gold jewelry should be stored separate from other pieces to avoid scratching. It is best to remove jewelry before bathing as soap can leave a film. Removing jewelry pieces before strenuous activity can help prevent scratching.

  12. Interesting article

    I know how profitable gold investing can be. My brother made really good money doing just that, and myself I am making good money investing in gold.

    I recommend to anyone who’s thinking of starting to invest in gold to read a book or two on this topic, as there so many mistakes and blunders that are possible to make when you first start in this industry.

    Thanks for sharing this with your us.

  13. Glod is a good currency , never fails its value. For the past 30 years gold price have been on the upside and there are good savings investments you can look at or ways to acquire gold . You can request a free consultation on alternative investments , call 0146388666

  14. Dear Buyer and Agent, We have Gold Dust & Gold Bar for Sale.
    If your intrerasted to buy, contact us for more details.

    This gold Belong to our Family and we have in stock 300kg of gold dust and 250kg of gold bar I will send you our FCO as soon as i heard from you.

    email contact :- goldsmith2010@gmail.com

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    Ibrahim Diko
    +229 96 55 39 94

  15. buying gold buy can be quite complicated.If your buying gold bar for investment then investor should compare prices .Some jewelery shop will sell at a 20% to 30% marked up (from world price) while others are lesser.http://www.malaysiangold.blogspot.com/ gives a rough estimate for daily buying and selling gold bar price in Malaysia.quite useful for comparison .

  16. my question is
    1. how to open an gold account>
    2. how’s to start a gold trading?
    3. how’s fast can i expect in return?
    4. what is the currency in return?

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