The interest rates in Malaysia have interestingly remained lower than the inflation rate. While this spells good news for home loan owners, it also means that whatever cash you have in your term deposits are being slowly depleted by the inflation rate!
Hence, it is important to consider alternative investments and to try to diversify your investments as much as possible to avoid putting all your eggs into one basket. For many years, gold has always been a safe and secure investment. Chinese have been buying and giving gold for centuries simply because its value does not deplete over time.
Thanks to Public Bank, this valuable resource is now available to investors through the Public Bank Gold Investment Account.
How does one invest in this unique investment opportunity?
- Minimum initial investment – 20gms gold
- Minimum balance to be maintained – 2gms gold
- Minimum subsequent investment – 5 gms in multiples of 1 gm
- No interest will be earned. Profits will be made by selling the gold at the Bank’s selling rate
The price yesterday showed that gold has dropped a little from its all time high of RM104/gm so if you are considering this investment, it’s a great time to buy!
| Selling Price | Buying Price | |
| 1 gram | RM 89.0300 | RM 86.0300 |
Does anyone have experiences to share?
August 13th, 2008 at 9:57 am
Harga emas sudah jatuh, tapi saya sudah beli banyak emas semasa ia agak tinggi dahulu
August 13th, 2008 at 5:52 pm
Hi
Do you have any idea what the % over spot price the gold is sold at?
August 15th, 2008 at 1:28 pm
Hi Ed,
I’m sorry but I wouldn’t know that. It might be best to check with a bank or financial institution that trades in gold.
August 25th, 2008 at 9:41 am
[...] Investing in gold at the moment seems to be a very attractive option especially after Malaysia’s annual inflation rate soared to record high of 8.5% in July 2008. This rate is far higher than the 7.8% prediction by the analysts. With our fixed deposit rates of approximately 3%, this means the value of our money in fixed deposits are effectively halved, simply because of the inflation rate! [...]
August 26th, 2008 at 4:28 pm
[...] may be a good time to hold on to your foreign currency or look into investing in gold as inflation is set to rise. SINGAPORE: The ringgit fell to a nine-month low against the dollar on [...]
March 3rd, 2009 at 4:28 pm
Gold is just like oil, its just the matter of when it going to burst, there is always big tycoon manipulating the market price
March 5th, 2009 at 12:57 pm
Hi Iris – That is true..ultimately they drive supply and demand.