Sunday, August 17, 2008

Gold Value versus The GreenBack

If you are considering investing in gold you may wonder "how am I supposed to invest in gold?". Some people will rush to buy gold jewelleries because they serve dual purposes; as an ornament and a great gift, it will appreciate in value – good investment.

However, today gold are traded everywhere, in the share market, in unit trust and also traded by banks. Some are traded on paper value while others actually provide you with gold bullion. Do your own research and find out what would suit you better and also look into the charges incurred upon buying and selling. Each trading house has their own percentage level of charges…. Get your investment money’s worth by trading with the lowest in charges….but be wary of the security level as well.

Take a look at this chart --- Gold & The Dollar --- (this chart is borrowed) and you will notice the movement of gold and USD is in the opposite directions. This is another guide for you to consider if you so decide to trade in gold.

1 comment:

-Just-Simple- said...

In beginning of year 2007 when i worked in Public Bank... 1 piece of gold bar worth roughly rm65,000.

My Officer told me, "1 piece = 1 Waja, 2 piece = 1 Camry."

In beginning of year 2008, when i worked in Standard Chartered... and when i went for a site visit at a goldsmith workshop... i was told 1 piece worth rm95000 and still increasing.

Super good investment.

Oh, btw, year end is a good time to invest in gold... because beginning of the year is wedding seasons in India, one of the largest gold importer. Brides giving the bridegrooms gold jewellery for wedding. High demand on that time.