Public Bank will be launching this gold investment scheme very soon. Check out more details here. I understand Maybank is also offering similar investment scheme.
Is it a good investment vehicle or not? It is very much depending on:
1) Spot gold price movement.
2) MYR / USD exchange rate.
Strategy will of course be investing it at best spot price when MYR is at its strongest position (ideally) against USD.
Maybe I can use this for short term trading platform on gold.. kekeke.
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Friday, April 25, 2008
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Words borrowed from Dr. Alexander Elder:
Trading is so exciting that it often makes amateurs feel high ...Nobody can get high and make money at the same time.
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