1. Gold Investment Account of Public Bank Berhad or Maybank
- Investment account allows customers to purchase and sale of gold commodity (999.9 fineness) at daily prices in Ringgit Malaysia.
- Transactions are recorded in the passbook for convenience of withdrawal & deposit.
- Invest in gold without having to keep the gold physically.
- Small difference between selling & buying prices.
- Cheaper option compared to invest in gold jewellery as the jewellery shop will charge higher price due to workmanship cost.
- Capital gain if the price of gold increases.
- Affortable investment as initial purchase of 20 grams (20 grams X selling price on May 10,2011 at RM148.98 at PBB = RM2,979.60)
- Transactions can be made during working days.
Gold price had been achieved 461% growth since 2001. With increasingly demands of gold commodity around the world (especially India & China), the tendency of central banks' decision to increase gold reserve, inflation pressure, unstable political & economics and terrorism issues, the gold price will certainly continue its growing trend in the future.
Most of the europe countries (Germany, Italy, France, Portugal, Greece) & United States hold more than 60% of gold as their national reserve. However, China, Japan, S.Korea, Taiwan, Singapore, Thailad, Malaysia are the world top 20 in national reserve in curreny & gold, only holds less than 5% as gold reserve, which means the reserve in these countries are mostly made up by Fiat Currency (paper money - value declared by goverment with no intrinsic value).
Thus, appreciation of Gold will certainly increase the wealth of the western nations.
For more information, please log on to www.maybank2u.com.my and www.publicbank.com.my
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