{"id":34272,"date":"2018-05-28T10:01:02","date_gmt":"2018-05-28T02:01:02","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=34272"},"modified":"2018-07-11T09:47:26","modified_gmt":"2018-07-11T01:47:26","slug":"hellogold-invest","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/hellogold-invest","title":{"rendered":"Go For Gold: A New Take On An Old Way To Save"},"content":{"rendered":"

<\/a><\/p>\n

Gold \u2013 this precious yellow metal is put on a pedestal when it comes to value so much so that even\u00a0poverty-stricken neighbourhoods in India harp on gold\u00a0as currency and collateral to help in bad times1<\/sup>.<\/p>\n

It has become a status symbol, the prize of champions and a trade many want to bank in on. In 2013, it was dubbed as the \u201cnew way to make money in Malaysia2″<\/sup>and two years later, the country exported some 4.06tonnes of smelt gold worth RM523.4million3<\/sup>!<\/p>\n

Gold has always been of value with many using it as a rainy-day fund (or rainy-day jewellery) to trade or pawn in times of financial strain .<\/p>\n

While putting in hard-earned cash in gold is nothing new, it is made easier with the birth of digital applications such as Malaysian-based fintech firm, HelloGold. The HelloGold application allows you to buy and save in gold anytime, anywhere, while offering one of lowest\/best<\/strong> prices<\/strong> in the market.<\/p>\n

The quest for gold can be a difficult one to comprehend, however, there could be an actual pot of gold waiting at the end of the rainbow if you start investing in it and here\u2019s why.<\/p>\n

<\/span>It\u2019s a gold mine for your dreams <\/strong><\/span><\/h2>\n

Last year, it was revealed that more than half of Malaysians have no financial assets, while one in three does not even have a savings account4<\/sup>. Furthermore, Malaysians were borrowing more money rather than saving it, which isn\u2019t the right way to reach your life goals.<\/p>\n

To avoid being part of that statistic (or liberate yourself from it), we must think outside the norms of savings, which is where gold comes to the rescue; gold is within the safe-asset class and is a known hedge against economic factors such as inflation.<\/p>\n

Last year, investors in Malaysia shifted their focus into gold5<\/sup> to safeguard their financial health due to the uncertainty associated with the political landscape and market. The reason being, is that the\u00a0price of gold will strengthen during economic downturn6<\/sup> because investments such as bonds, stocks and real estate will depreciate in a bad economy. Basically, gold offsets any losses incurred in another asset class.<\/p>\n

However, buying gold shouldn\u2019t only serve the purpose of a contingency fund as it could help you gain a footing on your life goals. Instead of putting your money in a usual savings account, why not turn your paper notes into gold?<\/p>\n

You can buy and store gold for as long as you want with platforms such as HelloGold and sell it anytime the selling price goes beyond your initial amount. Hence, if you allocate some of your monthly earnings into your gold stash consistently, it will accumulate and you can get more returns when you finally decide to sell it off.<\/p>\n

Doing this, you can finally put down that 10% deposit for your dream home, go on a much-needed vacation, grow your child\u2019s education fund or achieve any other goals you have been saving up for.<\/p>\n

<\/span>So, where can I buy gold? <\/strong><\/span><\/h2>\n

Gold was first used as currency way back in history where people carried around gold coins as money. Nowadays, gold has been traded in for the more convenient paper notes, but its price remains strong and sought after.<\/p>\n

So, here are the usual types of gold you can purchase.<\/p>\n