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Sunday, October 17, 2010
Investing in Gold is Worth the Money
Investing in small gold items like bullion is worth the money. This is because gold is a good hedge against inflation. In 1970s, a gram of gold used to cost RM20 but it has increased drastically to RM130 now for a gram. That is why I opened up a Gold Investment Account (GIA) savings with Public Bank to invest in about 40gm of gold. It is less than RM5,000 and it gives better returns compared to Fixed Deposits at only 2.75% a year. And I paid about RM123 per gram at that time. Money that is invested in gold will surely increase in its value and perhaps beat the inflation.
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