Gold ETF by Affin Hwang Asset Management was listed today.

This is positive development for stock punters. We now can buy Gold like we buy shares, in our CDS account.

Price closed at RM1.74 with 8,271 lots being traded. 1 lot (100 shares) equal to 1 gm of Gold.

Can discuss when good time to buy Gold?

1. The reason I like this ETF is that it is very easy for me to switch between gold to stocks.So if suddenly Maybank limit down, it's just 2 clicks, sell gold buy Maybank. Its much faster than transferring cash from a bank account to the broking account.

2. I regard Gold as the cash portion of my portfolio. I have cash MYR, cash USD and cash Gold. Both USD and Gold has outperformed KLCI year to date. I also have bonds, dividend stocks, growth stocks. This is called diversification. It's not a choice between 100% Gold vs stocks.

3. I don't agree a Gold is a temporary safe heaven. Gold is insurance when bad things happen to the economy. N bad things can last a long time (just ask the Venuezelans). Now, of course, when the economy is wonderful then holding gold will not be profitable, but in that situation, there are many things that can make u money.

Few ways one can buy and hold USD:

1. Buy physical USD cash and keep (the most common way)
2. Open a foreign currency deposit account (many banks do offer this)
3. Forex trading platforms (usually for short term trading based on contract)

I have no foreign currency deposit account, I am only keeping some USD in physical cash for now as my holding of USD is very small. I am increasing my holdings in SGD though.

I do not quite understand your question. But if you are asking me how much interest am I receiving on SGD, I can tell you it is very low at 1.5% only. But the reason I am transferring my money to SG apart from currency hedging is to invest my money in SG. So I don't mind the low interest rate as it only acts as a intermediary account.

I can only open a Sg account easily without a employment permit, whereas it is impossible for me to open a US account without working there. So I chose Sg, and another factor is due to its close proximity to Malaysia, I can get to "see" my money easier.