Gold is the best possible hedge against inflation? So where to go for gold investment in Malaysia? Basically, there are few local banks such as Maybank and Public Bank are offering gold investment using passbook savings account concept.
It means a passbook will be given to the gold investors and every purchase or sale order will be recorded in the passbook. It is just functions exactly same like your conventional passbook savings account. Every transaction of either bank in or withdrawal of your money from the savings account will be recorded in the passbook.
There are however, not much of different between the banks except some offers better spread and/or freebies.
Hey, do your homework before investing...