Investing in Gold

Gold is a good hedge against inflation which is about 4% a year. Using the rule of 72, it will take about 18 years before your savings is halved. This is derived from taking 72 divided by 4% inflation rate per annum to get 18 years on average as the duration it takes to half your money in the bank accounts. From statistics, it is a wise decision to buy buy gold eagle coins or even open a Gold Investment Account (GIA) with Public Bank with a minimum of 20 grams just to open the account.

So far, I have invested about 40 grams in my GIA and the gold can only be sold one year later for profits. From the graph, you will notice that gold has been increasing steadily over the last 10 years. A gram of gold used to cost about $20 in the 1970s and now is costing about $125 a gram. See how much it has appreciated in value over time. My rich uncle in Singapore also gave me a half ounce gold coin during Chinese New Year as investment. And it was the one and only gold coin that I own and still keep until now.

The good news is that you might like to know that the streets of heaven are made in gold and not gold-plated. Imagine going there to see for ourselves how luxurious life is after death.