Monday, February 28, 2011

All that glitters is Gold

Gold does not go out of style. Despite its high price, goldsmith shops here are still doing good business. People buy gold jewelry as gifts for weddings and new arrivals to the family or simply to add to one's collection though people don't flaunt them so much these days for safety reasons.

Investors, however, are looking at another angle to owning gold. Gold is and has been for centuries been used to preserve one's wealth hedging against inflation, now more urgently needed than ever. You can start small and slowly build up your investment portfolio. You can buy gold coins to start with or open a gold investment account with a bank here.

Spot gold is around US$1,412 per ounce. As for the Ringgit, Ringgit is quoted at 3.0555 to the US dollar.

7 comments:

  1. I remember opening a Gold investment account with Maybank last time. Wonder what happened to it! LOL!

    ReplyDelete
  2. But expert has now claimed that Gold is not a good investment instrument already. :p

    ReplyDelete
  3. Good for you, Foong, opening a Gold investment account is a great start.

    Tekkaus, gold market is still positive and gold is set to remain strong. As cash loses its value, gold and other assets are the currencies protecting one's purchasing power.

    ReplyDelete
  4. when currencies fail, only gold can buy you goods and services.

    ReplyDelete
  5. Mockingbird, hi! I guess the one laughing in the end will be the one with the bag of gold.. Thanks for stopping by.

    ReplyDelete
  6. yeah, gold is always guaranteed for its value.. but i don't even have any, hahaha!! :D

    ReplyDelete
  7. Its true that gold price is so high these days that ordinary man can't even think to buy.But i surely try at these place which you mentioned.And follows the way which you explained here.

    ReplyDelete