{"id":51724,"date":"2022-02-25T09:00:57","date_gmt":"2022-02-25T01:00:57","guid":{"rendered":"http:\/\/wordpress-my-161844363.ap-southeast-1.elb.amazonaws.com\/articles\/?p=51724"},"modified":"2024-02-05T16:56:21","modified_gmt":"2024-02-05T08:56:21","slug":"maybank-gold-investment-account","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/maybank-gold-investment-account","title":{"rendered":"What Is The Best Way To Buy Gold (And Earn Complimentary Gold)?"},"content":{"rendered":"
In partnership with If we\u2019re talking about one of the most popular investment assets in Malaysia, then gold has to be the one that makes it to the top of the list.\u00a0<\/span><\/p>\n Did you know? In the last 20 years, the price of gold has risen <\/span>over 600%<\/span><\/a> globally.<\/span><\/p>\n Source: goldprice.org<\/p><\/div>\n If we look at the situation closer to home, the price increase is even higher. According to Bank Negara’s Kijang Emas<\/a> day trading prices, if you were lucky enough to have bought an ounce of gold back in January 2002, it would have cost you just over RM1,000 and that same ounce of gold will be worth more than RM8,000 today!<\/p>\n Even in the past two years alone (Jan \u201922 vs Jan \u201920), gold price increased by about 20%, meaning anyone who bought gold just two years ago can now sell them at a 20% profit. This shows just how much of a valuable addition gold is to any investor\u2019s portfolio.<\/span><\/p>\n Source: goldprice.org<\/p><\/div>\n This is why gold is regarded as a <\/span>\u2018safe haven\u2019<\/span><\/a>\u00a0 investment, as it diversifies an investor\u2019s portfolio and is beneficial during times of market volatility.\u00a0<\/span><\/p>\n In fact, gold is such a safe asset to own, that it can also be a very feasible investment option for novice and retail investors too.\u00a0<\/span><\/p>\n While many of us may already own gold gifted or inherited from our family members, there are many more ways you can own gold today.<\/span><\/p>\n Let’s look at the popular options available to the modern gold investor in Malaysia, and the pros and other considerations that can affect your investment outcome.<\/span><\/b><\/p>\n Most of us are familiar with buying from physical retailers which includes jewellers.<\/span><\/p>\n Pros:<\/span><\/i> easy and straightforward walk-in to any jewellery store to buy and own a piece of gold coin or gold jewellery.<\/span><\/p>\n Other considerations:<\/span><\/i> Buying gold in the form of jewellery can lead to lower resale value compared to its purchase price and there is a risk of theft or loss, unless you are willing to pay the fee for storing it in a safe deposit box in a bank.<\/span><\/b><\/p>\n Another option made possible by digital advancement is buying gold from gold investing apps that you can install on your mobile phone.<\/span><\/p>\n Pros:<\/span><\/i> Buy, sell, track and check on gold investments at your fingertips without having to worry about keeping the gold safe.<\/span><\/p>\n Other considerations:<\/span><\/i> Hassle of transferring cash from another bank into gold investing apps before purchasing gold. Some gold apps do not offer buy back of physical gold and may incur various fees (processing, annual charges etc.).\u00a0<\/span><\/b><\/p>\n These options don’t involve direct purchase of gold, but rather invest in gold mining companies and commodities that are backed by gold.\u00a0<\/span><\/p>\n Pros:<\/span><\/i> Provide indirect and diversified exposure to gold investment performance with a low initial investment, with good levels of liquidity if you need to cash out.\u00a0<\/span><\/p>\n Other considerations:<\/span><\/i> Subject to company or stock performance and may be affected by stock market performance & volatility. Trading fees may be incurred as well.<\/span><\/b><\/p>\n Offered by prominent local banks, investors can easily open a gold investment account at their local bank.<\/span><\/p>\n Pros:<\/span><\/i> Provide flexibility to buy and keep gold in account or redeem physical gold bars to give away as a gift. Customer able to resell the physical gold to the bank or any other retailers of their choice.<\/span><\/p>\n Other considerations:<\/span><\/i> Usually require a bank account to get started. For example,\u00a0 customers are required to have a Maybank\/Maybank Islamic Current\/Savings account in order to open the Maybank Islamic Gold Account (MIGA-i) .<\/span><\/p>\n However, the benefits of a gold investment account like MIGA-i more than outweigh any drawbacks.<\/span><\/p>\n 8 reasons to buy your gold with MIGA-i:<\/span><\/p>\n *<\/span>This feature is available for accountholders with a minimum balance of 100g gold.<\/span><\/i><\/div><\/div>\n MIGA-i offers features that make buying and investing in gold extremely easy and you can start your investment with just a small capital, which opens up gold as an investment opportunity for a lot of people.<\/span><\/p>\n Need another reason to start investing in gold? How about this – gold is a great asset to hedge against inflation.<\/span><\/p>\n According to <\/span>Tradingeconomics.com<\/span><\/a>, Malaysia\u2019s inflation rate was 3.2% per annum in November 2021, which essentially makes gold \u2018inflation proof\u2019, as the price increase is more than enough to offset inflation.<\/span><\/p>\n Source: statista.com<\/p><\/div>\n This means gold is a good option to diversify your investment portfolio, as gold also manages to hold its value when the economy is not doing well. It is a popular investment choice to use as a hedge against uncertainty; meaning if the economy tanks, gold prices will likely see an increase.<\/span><\/p>\n So, what are you waiting for? Take advantage of the current relatively stagnant low price of gold by buying some gold with MIGA-i from as low as RM10!<\/span><\/p>\n Whether it is to diversify your investments or if you\u2019re looking for a savings method that is inflation proof, you can easily add gold to your portfolio with MIGA- in just a few clicks.<\/span><\/p>\n Don\u2019t miss the chance to earn extra gold now!<\/span><\/p>\n Hurry while it\u2019s still available, and start your gold investment today! Campaign ends on 31st<\/sup><\/span>\u00a0March 2022. Don\u2019t have MIGA-i? Sign up online right <\/span>here<\/span><\/a>.<\/span><\/p>\n Find out how to add gold into your investment portfolio & hedge against inflation.<\/p>\n","protected":false},"author":51,"featured_media":51796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,218,236],"tags":[208,403],"class_list":["post-51724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-money-management","category-sponsored","tag-featured","tag-maybank"],"acf":[],"yoast_head":"\n<\/a><\/strong><\/p>\n
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<\/a>
<\/span>What\u2019s the best way to own gold?<\/b><\/span><\/h2>\n
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<\/span>Gold retailers<\/b><\/span><\/h3>\n<\/li>\n<\/ul>\n
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<\/span>Gold apps<\/b><\/span><\/h3>\n<\/li>\n<\/ul>\n
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<\/span>Gold mining stocks and exchange traded funds (ETF)<\/b><\/span><\/h3>\n<\/li>\n<\/ul>\n
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<\/span>Gold investment account<\/b><\/span><\/h3>\n<\/li>\n<\/ul>\n
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<\/span>A gold investment also protects you against inflation<\/b><\/span><\/h2>\n
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<\/span>Invest in gold with MIGA-i now<\/b><\/span><\/h2>\n
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<\/a>*Principal investment is not guaranteed.<\/em>
\n*Maybank Islamic Berhad is a member of PIDM. MIGA-i is not protected by PIDM.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"