CONCLUSION

There are risks involved in all 3 methods of buying gold:

1. Gold price can fluctuate, it can go up or down. It can be due to market demand or FOREX or whatever which we do not have any control.
2. Gold Jewellery may not only disappear/lost/stolen, and the trade in price is much less than Gold Bullion or Gold Savings Account. Buy Gold Jewellery and wear them to shiok sendiri. Only fools buy gold jewellery and put them into the safe box.
3. If you want to keep physical gold in the bank safe box then buy lah gold bullion. Now please note that a bank can collapse (if you say no such thing then why is there PIDM?) and you may not have access to your safe box. Or if there is a war (recently only a country blew up the banks in another country and no more physical bank) or alien attack and the banks are closed, you also do not have access to your safe box. Keep in the house and you are afraid it will be stolen – means you better look for a safer place to stay.
4. Having a Gold Savings Account makes the most sense in terms of making more money and the difference between buying and selling price is less compared to Gold Bullion. But once again, if there is no internet or when the banks are closed/shut, you also got no access to the Gold Savings Account.

Solution, buy gold jewellery, buy gold bullion and put in both your home and the safe box in the bank and buy gold via Gold Savings Account. As I mentioned in my Wealth Preservation article, what you need to know, you have learned in primary school – Never Put All Your Eggs In One Basket!

NOW, am not telling you to buy or sell gold as an Investment Instrument as I know nuts about investing in gold. I am just showing you the options on how and where to buy gold on a particular day when you feel like buying gold.

In respect to investing in gold – the key worth is INVESTING where you may make lots of money of lose everything. How much money in terms of annualize % you make from investing in gold is just like the stock market, i.e. your entry point and when you sell.

In my article Wealth Preservation Part II – Once You Reach The Level Of Chiak Bui Liow (click here to read it), I gave an example between depositing money into Fixed Deposit versus gold price in the last 10 years or so. If you have yet to read my Wealth Preservation article you should as you may learn a thing or two and definitely gain some insight from my coded messages so that you do not regret in the future. Once again never be greedy and get scammed and most important thing is NEVER PUT ALL YOUR EGGS IN ONE BASKET!