Guess how much the selling price has shot up to by now? It’s at RM98.86 today! Of course if I were to sell the gold back to the bank, I would be looking at the buying rate, which is not all that bad, at RM95.79. This means I’ve made RM6.93 per gram of gold. This is not a bad return at all in a span of 3 weeks!
My only regret is that I didn’t buy more when I started. Does this sound like greed to you? It sure does! The truth is that I’ve been wanting to purchase more after the first round. The price was going up so quickly and I was hoping for a lower price to enter, which never came. The price just kept going up.
I’m not sure how much is peak for this commodity, so I’m not sure if the current price is still a good one to buy into. Any thoughts from anyone?
{ 4 comments… read them below or add one }
Hi Penny Sense, nice blog and entry point you have there for Public Gold Investment. Ha ha, I am also having the same interest on Gold leh. http://talkonlymah.blogspot.com/2008/06/gold-investment-thru-public-bank-berhad.html
Yes the entry point was low and I’m very glad about it. Unfortunately it looks like I won’t be able to buy in at that rate anymore. Let’s wish us both good luck in our investment!
hi penny, today Public Bank’s Gold quite low… Thanks for your well wishes. Happy investing, no worry, there is always investment opportunities..
from TOM – as is talkonlymah, wahahahaha
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