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 Gold Investment Corner V8, All About Gold

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tigana
post Oct 6 2014, 07:45 PM

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http://www.usatoday.com/story/money/2014/0...-gold/15909821/

Another thing about gold is that its inert and recyclable, so the amount of accessible gold in the world will keep on increasing as people keep mining gold.
tigana
post Oct 8 2014, 02:47 PM

On my way
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Senior Member
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QUOTE(kimyee73 @ Oct 7 2014, 02:34 PM)
Good to diversify and include gold as part of your portfolio. Get physical gold if possible especially gold coins. Gold has been valuable for thousands of years and I believe would continue for thousands more. Gold coins is not just gold but also a collectors item. Physical gold is the only asset of value that you can bring with you if you want to flee the country in case of war etc. You can't bring your house and Ringgit Malaysia is of no value by then. I would like to have 10% of my wealth in gold, both in physical gold and gold account. Not there yet though. Of course the other pie in diversification is having assets in foreign countries like the USA etc.
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In the olden days, yes before the internet and air travel, gold was good to have in case of war.
Nowadays you can transfer funds from Malaysia to any country in a few minutes. I also heard some millionaires (I am not one smile.gif) carry around a single Singapore 10K note or several USD100 notes in their wallet as emergency.
But I agree, its a good idea to have a little gold in your portfolio.
tigana
post Oct 8 2014, 05:09 PM

On my way
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Senior Member
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Joined: Sep 2009
QUOTE(kimyee73 @ Oct 8 2014, 03:48 PM)
Is there a way to transfer to foreign country in minutes? I'm interested to know. I normally would go to the bank to make the transfer. Thanks.
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A well off friend of mine demonstrated to me through his HSBC Premier account. But to have this account for free, you need to have at least 200K in the balance.
After that, they allow you to open Premier accounts in other countries. The transfer between this accounts become easy. I think other banks may have similar features.

This post has been edited by tigana: Oct 8 2014, 05:10 PM

 

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