Gold investment

@prinzcy (27223)
Malaysia
June 9, 2021 6:32pm CST
BFF and I were discussing on gold investment last night. I am interested to invest. We choose a bank that's suitable and syariah compliance. Unfortunately, a glitch in their system didn't allow me to register. I am going to message the helpdesk today. Speaking of which, is any of you here familiar with this kind of investment? Anyone got advice to give?
15 people like this
16 responses
@JimBo452020 (50780)
• Montrose, Scotland
10 Jun
Be very careful. Check with maybe a dozen places Then weigh up the information Don't jump straight in to the first placed you find?
4 people like this
@prinzcy (27223)
• Malaysia
10 Jun
Thank you! Yes, we consider a lot of banks before settling for this one. But their system somehow not accepting my postcode. So still contacting the customer service.
3 people like this
@JimBo452020 (50780)
• Montrose, Scotland
10 Jun
@prinzcy Good idea
3 people like this
@LadyDuck (340728)
• Switzerland
10 Jun
Be careful, be sure that you open an account with a serious bank and do not buy when the price is at its high. Gold price is still pretty high right now.
3 people like this
@prinzcy (27223)
• Malaysia
10 Jun
That's true. 1 gram is around RM250 ($60usd) Not going to buy one unless the price goes down.
3 people like this
@LadyDuck (340728)
• Switzerland
10 Jun
@prinzcy It could go up more, but it risks to drop before going up. Better to wait.
3 people like this
• Sonora, California
10 Jun
I've definitely heard of it, but like anything there are risks
3 people like this
@prinzcy (27223)
• Malaysia
10 Jun
I agree. All investments have their risk. Need to be careful doing this.
3 people like this
• Sonora, California
11 Jun
@prinzcy Very true...
2 people like this
@rakski (92143)
• Philippines
10 Jun
There where some kind of mom before for gold investment. I do not like it. Just check it out first before investing
3 people like this
@prinzcy (27223)
• Malaysia
10 Jun
I am still researching and checking.
3 people like this
@rakski (92143)
• Philippines
10 Jun
@prinzcy that is the right thing to do
3 people like this
@youless (105072)
• Guangzhou, China
10 Jun
If you have enough money and it doesn't matter to have different kinds of investments. I think investing to the gold is better than the bitcoin anyway
3 people like this
@prinzcy (27223)
• Malaysia
10 Jun
I don't have a lot, need to be careful
3 people like this
@Scrapper88 (2903)
• United States
10 Jun
Check into investing in silver too. If you can not afford gold investments; you might can afford in putting money in silver investments.
3 people like this
@prinzcy (27223)
• Malaysia
10 Jun
I think I saw silver investment. I would try gold first and see how it goes.
2 people like this
@kaylachan (20711)
• Daytona Beach, Florida
10 Jun
I have heard of it, but I would need to research it further.
3 people like this
@prinzcy (27223)
• Malaysia
10 Jun
It's a hot issue for a while. That's how we're discussing about it.
2 people like this
• Kenya
11 Jun
No be I bet you should be extra careful as @LadyDuck has advised
2 people like this
@prinzcy (27223)
• Malaysia
11 Jun
Yes, I should. It requires patience too. I shouldn't just buy on the first look.
2 people like this
• Kenya
12 Jun
@prinzcy yes patience is a priceless virtue
1 person likes this
@RebeccasFarm (33114)
• Wheat Ridge, Colorado
10 Jun
We are all going to be wealthy I hope
2 people like this
@prinzcy (27223)
• Malaysia
10 Jun
Amen to that
2 people like this
• Wheat Ridge, Colorado
10 Jun
2 people like this
@shaggin (56689)
• United States
10 Jun
I'd be very careful. Good luck!
2 people like this
@prinzcy (27223)
• Malaysia
10 Jun
Thank you! I'll be very careful!
2 people like this
• Indonesia
9 Jun
I've been looking for information about gold investment, and I'm interested in this investment because it's very profitable. But the legal requirement for this gold investment is that it must be in cash, not credit in syariah rules.
2 people like this
@prinzcy (27223)
• Malaysia
10 Jun
That's why I choose a bank that comply with syariah.
2 people like this
@ladyhero (3345)
• Indonesia
11 Jun
I really like investing in gold, and have been doing it for 3 years, even my parents have done it for more than 25 years, I don't use a bank, so I immediately bought it at a gold shop, I bought 24 carat gold, so when I sell it again the price is still the same high, just a suggestion if you buy gold at a gold shop, ask if when this gold is sold back to the shop the price follows the updated market price, and is it subject to a discount?
1 person likes this
@prinzcy (27223)
• Malaysia
11 Jun
The one from the bank right now allow future order. I can set the price for them to buy the gold for me. It works for someone who don't have time to monitor the gold price.
1 person likes this
@ladyhero (3345)
• Indonesia
11 Jun
@prinzcy it's much more practical
1 person likes this
• India
10 Jun
I haven't but you can because gold is at lower price now so you can expect it to grow by the end of the year
1 person likes this
@prinzcy (27223)
• Malaysia
10 Jun
Right now the gold price is a big high. So I would like to start investing once the price lower.
2 people like this
• India
10 Jun
@prinzcy goodluck
2 people like this
@sjvg1976 (23009)
• Delhi, India
10 Jun
Buy it when the price are down. Gold rates I think are high these days.
1 person likes this
@prinzcy (27223)
• Malaysia
10 Jun
It is high so it's not recommendable to purchase it now.
@popciclecold (20795)
• United States
10 Jun
No, but I wish you the best.
1 person likes this
@prinzcy (27223)
• Malaysia
10 Jun
Thank you so much!
1 person likes this
@allen0187 (49444)
• Philippines
10 Jun
Good luck with your planned investment.
1 person likes this