Public Bank launched the Gold Investment Account on 21 April. Ha! There is competition for Maybank now. Also, it proves my point that gold investing is something on people's mind nowadays. More and more people are opening a gold account every other day. That's what the bank teller was telling my friend when he went to get one from Maybank: "Previously 1 person per week open this account. Now every week we get 3 to 4 customers."
Knowing the huge demand for gold investment, big possibility that's the reason why Public Bank introduces one too. All these demands mean we will hopely see gold becoming a good investment. It's still not too late to get in now.
You have to start the Public Bank Gold Investment Account with a minimum of 20gm; with Maybank it's just 5gm. If you can afford it, I would recommend you to go for Public Bank.
Which Gold Account to choose from? Public Bank or Maybank?
Look at the buying and selling prices for both Public Bank and Maybank above. What a difference! Public Bank is cheaper. Even the ratio of buying and selling price between the two banks are different.
For Public Bank, the ratio is only 1.0329. While Maybank is 1.0795.
That means Maybank buying/selling price has a bigger gap. This big gap means you would need more climb in gold prices to break even.
Say you buy 20gm of gold with Maybank at today's price.
20gm X RM96.02 = RM1,920.40.
On the same day you sell to Maybank,
20gm X RM88.95 = RM1,779.
That's a difference of RM141.40.
Let's look at Public Bank.
20gm X RM93.88 (you buy at their Selling price) = RM1,877.60
20gm X RM90.89 (you sell at their Buying price) = RM1,817.80
That's a difference of RM59.80.
The Winner Is...
See the difference. For Public Bank, you just need to see the price to go up a few ringgit and you will break even. For Maybank, it will take a longer time to see you break even and make a nice profit.
I will definitely put my money where it is faster to make a profit.
Baca selanjutnya di sini >>
Knowing the huge demand for gold investment, big possibility that's the reason why Public Bank introduces one too. All these demands mean we will hopely see gold becoming a good investment. It's still not too late to get in now.
You have to start the Public Bank Gold Investment Account with a minimum of 20gm; with Maybank it's just 5gm. If you can afford it, I would recommend you to go for Public Bank.
Which Gold Account to choose from? Public Bank or Maybank?
Look at the buying and selling prices for both Public Bank and Maybank above. What a difference! Public Bank is cheaper. Even the ratio of buying and selling price between the two banks are different.
For Public Bank, the ratio is only 1.0329. While Maybank is 1.0795.
That means Maybank buying/selling price has a bigger gap. This big gap means you would need more climb in gold prices to break even.
Say you buy 20gm of gold with Maybank at today's price.
20gm X RM96.02 = RM1,920.40.
On the same day you sell to Maybank,
20gm X RM88.95 = RM1,779.
That's a difference of RM141.40.
Let's look at Public Bank.
20gm X RM93.88 (you buy at their Selling price) = RM1,877.60
20gm X RM90.89 (you sell at their Buying price) = RM1,817.80
That's a difference of RM59.80.
The Winner Is...
See the difference. For Public Bank, you just need to see the price to go up a few ringgit and you will break even. For Maybank, it will take a longer time to see you break even and make a nice profit.
I will definitely put my money where it is faster to make a profit.
- taken from unit-trust-investment.com -
