Come rain or shine, war or pandemic, putting your money in gold remains the best form of investment. – ADIB RAWI YAHYA/THESUNCome rain or shine, war or pandemic, putting your money in gold remains the best form of investment.The rising trend of gold prices is undeniable, but one needs to be patient.
Ten years ago, gold was trading at RM5,350.21 per ounce. The price rose marginally to RM5,562.29 five years ago, giving investors a 4% gain. Zaruddin, who is the senior general manager for sales and marketing at Habib Jewels, said this showed that even in times of turmoil, gold remains an effective hedge against inflation.
Bourses around the world took a tumble this week even as talks continue in efforts to avert a military showdown. He said that with the financial markets becoming increasingly sophisticated, gold is now perceived as a more attractive investment option compared with equity, fixed income and unit trusts.
“While the price of gold is volatile now given that the world economy is still unstable, it remains a good investment. Apart from that, the Covid-19 pandemic is still a big issue while the relationship between Russia and the Ukraine remains tense. As a result, investors are switching to safer options ,” he added.