In our country,public bank and may bank provide gold saving account.Do you know that gold price is keep increasing.
Example: gold price for 1 ounce (31.10 gram) syiling Kijang Emas on:
>>18/7/2001 ialah RM1082.00
>> 7/6/2008 ialah RM3048.00 !!!
The price increased up to 181.7% in 7 years period.
There many kind of gold saving in our country.Here i list down some of them
- Buy a gold in gold shop
- Buy " syiling kijang emas"
- Buy physical gold in UOB bank
- Gold saving passbook in maybank or public bank
- Buy "dinar emas kelantan"
Minimum deposit : 5gm
Trading unit : Minimum 5gms in multiples of 1gm
Fineness : 999.9 gold
The Gold Savings Passbook Account (GSPA) is an account that lets you invest in gold in a convenient, more secure and cheaper way. You can purchase gold in 999.9 fineness at all Maybank branches at daily quoted gold prices for 1gm in Malaysian Ringgit. All transactions will be recorded in your GSPA passbook.
Whenever you need to, you may conveniently withdraw from the GSPA at the prevailing gold price in the following ways:
GSPA do not offer us any interest but the profit we can get through any increasing in the price.Daily gold price can be search here http://www.maybank2u.com.my/rates/gold_rates.shtml
Benefit of Gold Saving Account
- Lower cost compared to physical gold
- Lower risk,just keep a book/passbook not a real gold
- We can change with physical gold if we want but need to pay for transport and service charge.
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