April 5th, 2010 
DianaJust last month, I opened a Gold Investment Account (GIA) through Public Bank and paid RM123 per gram of gold for 40 grams. Today, the price of gold has dropped to RM116 and I lost about RM280 because of the decline. I can only sell the GIA 1 year later. So, in the meantime, I will keep the investment in the bank and check the price of gold after 1 year. You can also buy gold bars by the weight but I don’t have that much money. But from statistics, the price of gold has increased steadily over the last 10 years. When I was small, a gram of gold only cost RM20! I don’t know how much more gold will increase but it is a good hedge against inflation. So, if you are thinking of investing in gold, just check out the link given and you might find out more.
From my previous collection since small, I have a few pieces of gold given by my rich relatives in Singapore like a 10gm gold coin, 10gm gold bar, gold necklace, bracelets, etc. My paternal granny also bought me small pieces of gold like earrings and very small pendants before she passed away in 2007. It has been 3 years now since she departed due to old age. So, while I am healthy and able, I will just invest some of my money in gold for future use.
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Gold prices have been steadily increasing so it’s pretty safe bet.
Never try to invest in gold yet. Is the return good?
Jayce: Gold should be a safe investment instrument from the history of past 10 years.
SK: Yes, it is a safe bet.
I found out this recently from public bank website, it was really shock me!
Physical gold withdrawal*
Note:
*This option is currently not available until further notice.
Horlic: From what I understand, you can convert the gold into cash after 1 year of opening GIA account with Public Bank.
like you said earlier . gold is the best bet.
today August 20th 2010
gold is back to RM 122.3700 via public bank.
so i think you dont need to wait 1 year to see returns. unless this is extra money that you can forget about for a while
a good blog
thanks
Mike: Thanks for the comment. Good to note that Gold price is doing well.
This public bank and Maybank gold Investment is more or less minus 7% ROI
when you start to investment.The bank will take your money to loan and small percentage to hegdes in ETF.against gold price shoot.
The Banks are very happy for the interest free Fund .
I would disagree with Kris’s opinion base on few reasons:
1) On paper and gold bank book, you are always at the mercy of the bank selling and buying price. Not the market price.
2) With actual physical gold, be it gold bulion or coins, you have higher selling power than going through the bank where you can convert it instantly to whatever market price deemed at the moment.
3) Keep physical gold, increase snatch thief? Err..I hope you are not seriously putting it in your purse or wallet right?
This I can attest to as a good friend of mine has ran into a scenario where he opened a Public Bank Gold investment account on 2009 where the selling price was sold to him at RM131 per gram The market gold price at that moment. By year 2010 when the market price of gold reaches RM1310 plus or what not the buying price of the bank retained at around RM131 per gram. When he called Public Bank the answer they kept repeatedly gave was the Bank’s selling and buying price. So this is like the bank has pegged the price at a higher number while buying it back from you at the lower while market price has went up. So you are literally at their mercy. Get it?
Gold Confiscation: Could it Happen Again? watch this http://www.youtube.com/edjuh10
Hello, It occured to me to involve in the gold investment. May I know what makes investing in gold is a safe bet for the lasts ten years .
Perhaps Anyone who have any link that explains about this. I am trying to do some dissertation in this investments . Thx =)
Hi … Ya, gold is probably most safe investment. I do have invest in gold…( paper gold form) according to the market share of gold.. which the financial company providing minimum of three to five percent per MOnth… or even more, according to the market share…Hence it will be a good investment. and i invest in a company called Jalatama management located in Menara Standard Charted.. If u all guys interested pls contact their office 03 21413585 look for Steven ( my personal financial consultant.) or email for any question to steven ( kahkitkit@hotmail.com)