Aug 5 2011, 10:26 AM
QUOTE(azizulego @ Aug 4 2011, 04:38 PM)
That is why i don't like to hold paper gold... It's the bank who decide what they want to do with my gold....
Hey it's my gold anyway... it's up to me with what i want to do with it... i can eat it.. i can sleep with it...
p/s:- Lesson learned.. never trust those bankers
p/s2:- For Muslim it's clearly not shariah compliance afterwards..
p/s3:- you can add my psn id azizulego
For your info here is the 30 year historical pricing for Gold. Just click on the link and you will see what the hype is all about. Hey it's my gold anyway... it's up to me with what i want to do with it... i can eat it.. i can sleep with it...
p/s:- Lesson learned.. never trust those bankers
p/s2:- For Muslim it's clearly not shariah compliance afterwards..
p/s3:- you can add my psn id azizulego
http://www.goldprice.org/30-year-gold-price-history.html 30 year history
http://goldprice.org/gold-price-history.html short term history
By the way, for Muslims its always advisable to invest in gold. But the key word here is 'INVEST' not "main Gold" Meaning if you buy for long term 5/10/15/20 years its OK. But if your intention is to buy now and then sell it the the near future when price goes up then its not acceptable. however, if your earlier intention is to hold long term but you need to sell it to use the money, then it is OK.
Regarding buying gold thru bank accounts is also explained in Ustaz Zaharuddin's website. He is one of the leading experts in Islamic views on finance, etc. Hukum Syariah in regards to financial matters.
Those who dare can read the article here
http://www.zaharuddin.net/senarai-lengkap-...cara-halal.html
and
http://www.zaharuddin.net/pelaburan-&-pern...k-malaysia.html
Bear in mind that Gold is a ribawi item which means that any transaction that involves Gold can lead to riba if the requirements are not met.
TQ
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