Why choose gold?

Asset

Gold can be your good asset value beside land, home property and so on. It doesn't matter if you choose to buy gold bar or gold jewelry as your asset as long the purity are convincing. Gold is the only asset that you can buy with a small amount compare to land and home property. The percentage of recent gold price graph shows the gold prices are increase around 13 - 26% per year.

Trade to money

Great news that a few bank in Malaysia offering scheme where your gold can be trade into money such as bank rakyat, agrobank and bank islam. There are also a few companies which offer the same scheme such as Kojuta, Yappiem, Ar-rahn Kelantan and many more. The range of loan which be given around 65%-70% of total gold and the bank also charges a cost for safe keeping. The good thing is the interest rate are lower than making personal loan, home loan etc.

Price

Gold price are always outstanding yearly. I took example of kijang emas bullion gold. Since 18 July 2001, the price of ¼ oz kijang emas was RM281. But nowadays, the price of kijang emas is RM1028 on 3 August 2010. The reason is why the gold price increasing because the value of currencies are dropping. It is good time to buy gold when the price are lower and sell when getting higher. But if you are planning to buy for a long term investment, the time is all yours.