In recent weeks, the price of gold shot up rapidly and I was kicking myself for not being able to grab the opportunity and time to drop in to Public Bank to buy when the price was hovering at RM90+ per gram. It shot up to RM118 if I’m not mistaken, and I wasn’t sure if it would come down to the lows of RM80+ in the near future.
I thought even if I buy in at RM100 per gram, I could average out with my previous buy-ins and could still be making a good investment when the price sky rockets again.
But gold as a commodity is rather volatile. With the recent changes in the market, the price of gold has been coming down this week, and also just as quickly as the way it went up. Yesterday, at the close of business, it was about RM108 per gram. Today, it has gone up again to RM110. It’s really hard to read each day whether it will be going up or down!
Anyone who is seriously investing in gold has any insights to share?
{ 3 comments… read them below or add one }
My mother does keep an eye on gold’s price but I do not.
Your mother is a wise woman
gold as per said will never loose value!
It has always been and will continue to help us casing in some cash when the worse of times is still to come..
what you do need to stay away from are the wrong people to purchased it from as monex, which is not only a scam but totally into taking every cent they can get from blind investors!