Time to Invest in Gold and Coins
October 10, 2009 10:28 am TechnologyThe price of gold has increased by leaps and bounds over a 10 year period. I have recently invested in a gold bracelet and gold necklace, both bought from Tomei Jewellers in Penang – one from Gurney Plaza and the other from Tesco. In the 1970s, a gram of gold used to cost $20 and now 30 years later, the price is $127 a gram. Imagine how much profit you will make if you were to invest in gold at that time. I also collect silver coins and gold coins which were my Chinese New Year gift from my uncle staying in Singapore. He is a doctor and the family is quite well off. Since coming back to Penang, I no longer receive such expensive gifts from them anymore as we are about 800km apart. Coins can also be a valuable investment in the near future – especially for those that are no longer in productiuon
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