Not long ago, the price of gold soared past RM100 per gram. I don’t know exactly how high it went up to but from my own monitoring, the highest I saw was about RM103. But now, a couple weeks later, it has come down very quickly. Today’s price is at RM89 per gram.
At the time when gold was high in the hundreds, I was kicking myself for not buying more when I first bought at what I considered to be a low price. But now, seeing how the price has dropped significantly, I feel like this is my second chance at buying.
To many, this investment may look like a volatile one. Who would blame such a perception, given that over a span of a few weeks, the price has fluctuated more than any stock listed on the exchange. However, I am looking at this investment as a long term one, and am willing to endure the volatility for now.
How about other gold investors out there? Are you buying in or have you cashed out during the highs?
{ 3 comments… read them below or add one }
Saya dah beli banyak ketika ianya RM 101 per gram dahulu
Gawd…Gold are so expensive. It din seem so when i last buy for RM60++ pergram:P Or had i lost track of time:P
Hasbullah, you can afford to buy more now, it’s not too late.
Iris, nah I don’t think it was too long ago when gold price was much lower…