QUOTE(MNet @ Jan 31 2018, 12:33 PM)
if publicgold went bust, wat happen to our gold?
The gold account insured for 15mill under Lonpac Insurance plus if you withdraw the physical gold from the account and keep in your hand, there's nothing to worry about.
Main purpose Public Gold provide this account are for:
1. Those who afraid to keep the gold themselves.
2. Don't have budget to rent safe deposit box
3. To buy and save gold 1 or 2 grams per month due to smaller budget
4. to buy 1 gm at minimal price. right now 180 plus for 1 gm 999.9. try to find that price at normal jewellery shop if you can pls.
5. those who works oversea or far in remote area. so they can accumulate the gold, and once got the time can go and withdraw the physical
6. those who wants to keep asset but cannot afford those that require bigger capital like property
So, to make sure 100% safe, after you reach certain target ie; once reach 5gms or 10gms or any figure, just withdraw it, keep it yourself and start accumulate again. Just like the pic below.
But if you still have lack of confidence, then this product is not suitable for you. Just buy the gold outright and keep it yourself.
By the way, Public Gold conducting twice a month tour to their HQ in Penang. Anyone can come and meet the owner, meet the staff and their workplace, visit the safe room where all the gold are keep, visit PG Gold Museum, etc2. Just go to the FB and search PG Golden Tour. You will see all.
I'm not trying to convince anyone to buy from Public Gold but just relaying whatever I know and help community to keep gold the right way. The easiest and one of the cheapest. Want to get rich overnight? of course it wont. Public Gold is just a normal gold trading company like Poh Kong, Habib etc..except we are new..(only 10 years), main product are gold bars & coin dinars.
This post has been edited by zodd: Feb 1 2018, 12:57 AM