Investing in Gold to Hedge Against Inflation
Just last month, I bought myself a gold bangle and then during the same day, went to buy a gold necklace from Tomei Jewellers. With the extra cash that I had saved up, I thought of investing in gold to hedge against inflation besides being able to wear them as jewellery now and then. My rich uncle who is a doctor also gave me gold coins during Chinese New Year in Singapore many years ago when I was staying there prior to coming back to Penang, Malaysia. You can also check out gold bullion if you like to invest more money in gold – a yellow precious metal that will never corrode or rusts unlike steel. Gold is beautiful to look at and its yellow shiny surface attracts the eye.
Incidentally, I just read that India is now the biggest client of gold in the world and it has invested billions of dollars to keep them in its vault. It has overtaken China which used to be the number one consumer of gold worldwide previously. The price of gold has steadily increased for the last 10 years. In the 1970s, a gram of gold only cost $20. It has increased a lot to $127 per gram now. So, if you have excess cash and don’t know where to invest, why don’t you try gold instead?
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