Updated: June 9, 2019 Home » Financial Plan » Banking
My dearest friend was asking on how to get started in Gold Investment. She also asked me that whether physical gold or paper gold investment is better. My suggestion to her is paper gold investment is better because we no need to worry our gold will be stolen or lost. Today, I’m going to share my experience in CIMB Gold Investment.
On 05 August 2011, I bought some gold at rate RM162.50 per gram.
On 14 September 2011, I sold half of my gold at rate RM179.05 per gram. That means I earned RM16.55 per gram, equal to 10.18% in 6 weeks.
On 10 September 2012, I sold my gold balance at rate RM170.10 per gram. So, I only earned RM7.60 per gram, equal to 4.68% in 13 months.
4.68% returns in 13 months. Hum, such returns makes me so disappointed and sad. However, life is full of hope. I will be back. I will continue my investment after doing research.
Since I not yet decided for the next investment, I will put money in FD. So, I will continue to compare each bank FD interest. I hope that you will continue to read my article.
LiangLiang writes about Saving, Blogging, and Investment, enjoys cooking and discovering everything new. Oh yes, she is a pretty and smart girl too.