The Covid-19 Pandemic
a health issue has turned into an economic problem which is devastating
economies globally. Stock markets and every other form of investments have
taken a hit due to the pandemic and will continue to do so until a vaccine is
found or humanity achieves herd immunity (people develop their own immunity from
the disease). In short, it will take some time to return to some form of
normalcy to our lives.
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| Is GOLD The Safe Haven? |
Bank Negara Malaysia
has brought down its Overnight Policy Rate by 25 basis points to a record low
of 1.75% effectively bringing down the rates of interest in fixed deposits.
(source: www.theedgemarket.com)
In times of economic
uncertainty there has always been one constant that has helped humanity throughout
history – GOLD. Gold looked upon as adornment in the best of times, is also the
most functional of investments – keep it safe as an investment or convert to
currency when required. While other wealth investments are reporting lower
rates of return, the gold price has steadily increased by over 15% since
January of 2019.
The long-term
investment of gold has shown a positive trend over the past 20 years. In the
current economic climate Gold is seen as the most promising of investments –
the caveat being its rate of return is steady and not that of the speculative
nature of the stock market.
The Union Bank of
Switzerland (UBS), a major party in financial activities, including retail and
commercial banking, investment banking, investment management, and wealth
management, has foreseen gold to push even further in long term with prices of
the precious metal inclining by 0.2% by day. (source: www.kitco.com)
Interestingly there
has been a positive awareness about the value of gold among Malaysians in management
of their investments. (source: mypf.my)
Gold has been one of
the great traditional forms of savings or investing. Traditionally, families
would give gold jewellery to newlyweds as a sign of good luck, but also as an
emergency fund for rainy days. Modern investors look to gold as a safe
investment for the risk averse.
And especially for the ladies, investing in gold
jewellery is wearing their investment and looking good with it. The price of
gold doesn’t increase very quickly, but it does appreciate at a steady rate.
They may not make a lot of money from it but there’s no risk of a market crash
either.
The Habib Group has
been providing the service of not only of the sale of gold and gold jewellery,
it values and purchases all forms of gold and advises on gold both from a point
of view of adornment and investment.
In encouraging
investment in this the precious of all metals, The Habib Group is launching its
“GOLD FIESTA “from the 10th to 19th of July 2020 offering gold bars as low as
1g to up to 2kg with a discount of RM20/- per gram. Furthermore, Ar-Rahnu
Express, an entity under the Habib wing provides free evaluation of precious
metals. At the current price peak, customers yearning for cash at hand may
tradein or sell their gold at any Ar-Rahnu Express outlets.
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