If your portfolio has property that provides some gearing for long term investment, then gold ETF will be good for mid or short term since it is relatively easier to turn them into cash.
If you buy gold coin, then it would more likely be a long to mid term since I think it is quite troublesome to sell physical gold.
You see, u need to go to the bank safe box, then need to run to some jewelry shop??
Or is there an easy way to sell physical gold?? Where do u sell your physical gold?
Maybank malaysia has a gold savings account. Similar to UOB Singapore gold savings product offering. Can check it out.
Last edited by Mingchye; 27-08-2012 at 03:33 PM.
ETF can be good but as well as go south quick so to each his own i think. Pros and cons for
every investment vehicle.
Coins, as they are struck, minted and guaranteed by their government are easier to dispose of, even through online brokerages.
Disclaimer - As of this posting, 72 days prior to today, i do not own any gold coins, bullion or ETF. I have not held any for the past year.
Top 40 richest man in Malaysia
Basically property, palm oil, telcom, casino, banking, politician are good business in Malaysia.
IRDA confident Iskandar can breach RM100bil mark by year-end
JOHOR BARU: Iskandar Regional Development Authority (Irda) is confident of breaching the RM100bil cumulative committed investments by the end of the year.
Chief executive officer Datuk Ismail Ibrahim said passing the RM100bil mark would be a major coup in proving to sceptics that Iskandar Malaysia was moving in the right direction.
He said Iskandar Malaysia had been able to withstand the challenges despite operating amid uncertainties in the global economic situation and emerge even stronger thereafter.
“Like in the stock market, it (the RM100bil mark) is the psychological breakthrough and a defining moment for all of us in Iskandar Malaysia,'' Ismail told StarBiz.... ... ... ...
Is it a gd time to use cpf to buy gold now ?
bring money back to Sinagpore.
There are many qns and ans on sending money to malaysia to make downpayment, pay interest, reno..etc. Was there a discussion on controls over sending money back? Say u make a profit of a few hundred thousand and want to bring back to spore. How?
1) can TT from malaysia account to singapore account?
2) how much max can we withdraw cash from malaysia bank?
3) how much ringgit and foreign currency can we carry across custom (malaysia, singapore)?
4) besides property gains tax, any other tax if we want to bring funds back?
I had a hard time finding info from the web. Found some info from malaysia custom's website, but seems inaccurate. I thought we can carry up to RM 10 K per person ?
Thanks v much !
Gold is a good investment only if you take a long term view and when you have spare cash to put aside. This certainly not the kind of investment where you will be monitoring year in year out! Buy enough with your spare cash! So, no need to time the market will be my humble opinion. Accumulate it along the years will be my advice. I am teaching my kids to buy gold with their saved pocket money (excess cash that they dont foresee using) rather than saving it in the bank.
Anyone can explain how will QE3 affects the property prices of JB?
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