To bet on gold is betting on the Fed continue to increase money supply to a point trigger hyperinflation. It should happen in theoretical world but it they continue to manipulate the market, it may take a long time to happen -- so think carefully before you jump in. This is not a passive investment but if you buy gold between US $ 650 to US $ 800, downside is quite limited.
Once you have decided and if you have only about RM 2,000 - RM 3,000, you can open an account with Public Bank.
Buying and selling spread is about 3%, not a great way to trade but Ok as saving. As of 22 Sep 2008, Public Bank selling price per gm is 98.82 and buying price is RM 95.82. If you buy a minimum of 20 gms, it should cost you RM 1,976. What I like about this? Small capital and great way to invest in alternative investment and reduce your currency exposure.
I believe I have been spreading too much word of mouth for Public Bank which believe good products from good companies should be made known to many. Good luck.
1 comment:
I would rather invest in gold coins than opening a gold account. One is only on paper while the other is holding the real metal which you can take and trade it anyhwere in the world.
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