Investing in gold in Malaysia
Gold is the most popular precious metals for investment and investing in gold has become the “talk of the town” since a couple of years ago…at least, in Malaysia. Before that, investing in gold is not really that easy. But now, it’s as easy as investing in stocks and mutual fund.
So why do people invest in gold?
- To diversify their investment.
- To protect against crises such as economic, political or social crisis (social unrest, wars and others tend to drag the stock market down…but gold tend to be more stable).
- Because it’s simple and straightforward.
- Because the price chart is easily obtainable.
From what I’ve observed, gold investing can be highly speculative but if you are investing for the long term, gold price will definitely go up. And rather than investing in stocks (which you are relying on companies), funds (which are relying on the fund managers and stocks), currencies (which you are relying on the governments for not screwing up) or real estate properties (which sometimes depends on luck since cheap prices are only available for new housing areas), investing in gold does not have so many external factors involved. True, whatever goes down will go up and vice versa. But for a precious metal which will decrease in amount (there’s only that much gold in the world), the price will still go up, albeit slowly.
So my advise to you and myself, is to look at this possible investment option as a way to diversify my portfolio away from funds and stocks. Don’t buy a lot in one go. Just slowly accumulate little by little. And you don’t need to keep all the gold and gold bars at your home. You can let the banks to manage them 
There’s a very good article written by KCLau on gold investment in Malaysia. It’s a very good read. For those who are interested to invest gold in Public Bank, you can refer to this link Invest Gold in Malaysia through Public Bank. Maybank also provides such service and the minimum is 1g of gold, as compared to Public Bank’s 10g.
Take a look and who knows maybe gold investing is the one for you (it’s a good learning step for beginners as well).
Good luck
p/s… just checked with Maybank today. The min investment is 1g but there’s no way you can do it online. Meaning, even if you want to buy or sell 1g, you will have to bring your passbook to any of MBB’s branches, and do the transaction there. Kinda troublesome :T
p/s…. you can check MBB’s gold price HERE.
Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically to your feed reader.
Hi Alvin, thanks for the reference.
For gold, you can look at the other way. Since it goes up all the time, not really up and down like a stock cycle, it makes thing even harder to predict.
Public bank offers buying & selling online which I find it pretty cool.