HAVE YOU EVER INVESTED IN GOLD?

HAVE YOU EVER THOUGHT OF INVESTING IN GOLD?

These are question that seldom runs through a person's head. We normally associate gold with jewellery. We've heard of people who have gold but mostly from history books. We've read and heard of kings who own large palaces, lands and have chest drawers filled with gold.

We often associate gold with treasures. Something mysterious and something mythical. We somehow can't relate the idea of gold with our modern era except that mostly gold are for jewellery.

Do you know that our reserve bank buys gold every day? Why? Because is the only form of solid saving that does not depreciate. Our money, the one that is made from paper is losing its value. It is called 'fiat' money. Back then every US Dollar was backed by a certain amount of gold. But in the 1970s, American President Nixon took the gold standard out of money. So the paper money no longer has value except for the value it is inserted by the government.

This means the currency is only valid in that particular country. For example, when we travel, we need to exchange our currency for the country's currency. There is no way you use US dollars to buy a doughnut in Malaysia. You will need to convert the US Dollars to a Malaysian Ringgit. But some currencies are not accepted in other countries. A good example is a Malaysian Ringgit. Why? Because during the Asian financial crisis, our government imposes capital control over our currency. This is to prevent the Malaysian Ringgit from falling further. It is good for the short term, but in a long term, we have yet to see the effect.

Meaning, eventually our Malaysian Ringgit will no longer be valuable. Something we should be worried about. Countries such as Zimbabwe have 'fiat' money where none of the countrymen wants because a barrel's worth of money is equivalent to 1 US Dollar. So how do we prevent our money from being Invaluable?

The answer is GOLD. You protect your wealth by converting your savings into gold. Gold is an international currency. ALL countries accept gold. The old saying by Robert Kiyosaki ' Gold & Silver is God's money. There is only limited enough of gold & Silver. It is like Oil. You only can reap what is available. The difference with 'fiat money' meaning cash, our central banks have the freedom to print whatever amount that they want or is required.

So what does that mean? It means the more money that is being printed, it no longer has the value it has. Remember, US dollars use to be backed by gold. Meaning 1 US Dollar = maybe 0.01g of gold. But now, 1 US Dollar =?

The question you need to ask yourself is, so what is my Malaysian Ringgit worth? How do I make sure the Hundred thousand savings I'm keeping for my children have the same value it now 20 years later?

Authorized PUBLC GOLD Dealer

PG 00554572

+6012 8855641