Find solution
How To Buy Gold Online?

How to buy Gold at the Bank?Why ppl said buy Gold is the most stable form of investment?

  • Is it in Gold bar,Gold Coins or a piece of paper like Certificate stated how many ounce and KG of Gold u have ? Since the price of Gold also flucture a lot?

  • Answer:

    Agree with SBH. I was once worked with Maybank for a while few years ago. They have this scheme called Gold Savings Account, where you purchase the gold and keep it with the bank. You won't receive actual gold as it is kept by the bank, but only an account book like normal savings account which states the weight of gold you own instead of RM. You can sell some of the gold back to the bank based on prevailing bank's purchase price (equivalent to withdrawal in normal savings account). You may try to ask Maybank if they still offer the gold savings account, I'm not sure. We are not familiar with it because gold savings are never popular among Malaysians.

Ringgit at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

You can buy gold contracts from the commodities market and eventually it will be delivered to you. But the fastest way to buy gold is to get a few gold wafers from the local goldsmith. Its the easiest tradeable gold denomination. You can also buy sovereign coins minted by the US mint and Canada. Goldsmiths also sell it. These 2 gold denominations are tradeable internationally. But I havent heard of banks selling gold. Maybe they do but not that I know of. Gold has always been regarded as a safe haven for investment as the value has remained relatively stable and gives some appreciation in the long run. But there are much better investment options out there

Colin

Check this out. It is the only banking product that allows us to buy gold. It is a safe investment but it is also a long term one. http://www.pbebank.com/en/en_content/personal/investments/gold.html

chesney c

I've long said gold could easily hit $1,000 an ounce. Given last week's high of $940, I consider my first major target for gold to have arrived. And today, I'm more certain than ever that by the time this bull market ends we'll see gold trade for more than $2,000 an ounce!

greenrun

Go to Public Bank and ask the workers about gold investment It's better to invest like that rather than keep gold at your house You may not receive the gold but you own it. Besides you don't need a gold unless you want some jewellery

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.