Investing in physical gold
I am a big fan of gold, be it as an accessory or as an investment. I believe that gold is indeed a good form of investment. I had written before about gold and how it is important for us to hold this precious metal as part of our investment portfolio. Some will doubt this of course, because its prices do tend to fluctuate. However, taking a long term view is key.
If you like to hold physical gold, Maybank has Kijang Emas Gold Bullion coins. It is 99.9% gold purity and comes in 3 sizes – 1 Troy ounce (31.105g), 1/2 Troy ounce (15.550g) and 1/4 Troy ounce (7.780g).
However, some people prefer to hold gold bars instead. I am not very sure if there are any banks in Malaysia which offer this though. I would think that the main reason for owning gold bars as opposed to a coin is because the buy sell spread would be smaller as the workmanship involved is a lot lesser.
Still there are those who believe that gold is a form of accessory and would prefer to buy them as jewelleries. Not only will you be able to show them off, they will even appreciate in value! However, with the recent rise in crime levels, maybe this is not such a good idea …
What about you? Do you like the idea of investing in physical gold?
This post has 2 comments
June 17th, 2009
Hi,
You have a unique post. I think many people see gold “investment” as cumulative income e.g. Shares, as opposed to capital gain that it leans more toward.
That said, the rate the economy is going, I hear pundits saying that now is a good time to buy gold, and silver (interestingly enough), because it might raise in (capital) value, and the fact that the US might go back on the gold standard.
Latter reason no one is sure, previous reason im sure you know might hold true.
Cheers,
RoK
driftings.blogspot.com
June 22nd, 2009
I personally think, no matter what the condition of the economy, gold should still be a good bet as a portion of our investment portfolio.