Gold moving up?
Gold has always been a form of money since many many centuries ago. It remains to be so, even today. While it is not something you would use to buy your typical stuff from the streets, its usage as an investment cannot be underestimated.
It has been widely estimated that gold should form approximately 30% of your investment portfolio. In times like this where equities and currency values are falling, gold seems to be a good investment alternative.
Apart from going to the typical goldsmith, one can also buy gold from the banks. In Malaysia, one can buy gold in the form of gold coins from Public Bank, Maybank as well as UOB. Gold can also be bought through a Gold Passbook from Maybank and Public Bank. However, the buy sell spread differs by banks and it is best to check it out before deciding which to go with. At the moment, Public Bank is offering smaller spread, which means that you will “lose less” to the bank.
While it will be good to hold and admire gold in your hands, buying the physical gold will pose some dangers – theft will be a main concern apart from safe storage. Therefore, if you really want to buy for investment, I would think that investing through a passbook is safer. And in the event, you really itch to hold the gold, you can actually withdraw from your passbook in the form of physical gold and not necessarily in cash.
At this moment, the gold is trading at USD942.1, up USD27.90 from yesterday. If this trend continues, all those who have bought gold when it went south sometime last year will be grinning from ear to ear.
