Gold is a tangible asset which cannot be printed at will. As such, it protects against inflation and currency devaluations.
For example, in 1970, a family in the Malaysia could buy a house with RM35,000 to RM50,000.
Today, RM50,000 is not even enough for a mortgage deposit.
By contrast, 2kg of gold (the equivalent of RM50,000 in the 1970s) can buy a RM400,000+ property today.
A growing body of research has shown that having a portion of savings in gold can improve purchasing power over the long term, especially as the real value of most major currencies declines.
Gold price has increased 20% from 2015. Below is the invoice of250 gram last year dated 23/2/2015 at RM36,508.
I did sell back the gold bar to Public Gold (refer PG Buy price) on 17/3/2016 at RM42,030!
Increase of 15.13%!
Opps, as an authorized Public Gold Dealer, I get additional 0.3% from selling back price of RM42,030 which is RM126!
The percentage of profit = 15.5% within one year.
- Hafizul Hakim B Mohamad Kerta
- Public Gold Master Dealer
- HP: 019-8884452