Buy lower, sell higher!!! If you have enough cash to invest, it is a great idea to buy gold to hedge against inflation. And recently, I have opened Gold Investment Account(GIA) with Public bank(PBB) as the service charge is much lower than other banks. Gold has been a tremendous increase in demand since many years ago, thus it can potentially bring higher return in future.
Once you own that account, you will be able to purchase or sell gold at daily prices quoted in Ringgit Malaysia per gram. All the transaction will be recorded in the passbook.
You do not earn any interest from gold investment but you will earn once the gold value appreciate in future. If you plan to sell it, then the gold will be converted to Ringgit Malaysia which equivalent at the Bank’s prevailing counter gold buying price. You can check the gold price online via PBB site also and it will be updated every 20 minutes.
How Much Did I Invest?