Gold hits ‘all time high’, is it time for you to jump on the gold train?

Gold has always held a special place in Malaysian culture, symbolising wealth, stability, and tradition. But with gold investment opportunities surging as prices hit hitting back-to-back record highs this month, many Malaysians are wondering: Is now the right time to invest? Let’s explore the best gold investment options available. 

Why are gold prices soaring? 

The surge in gold prices reflects broader global trends. Central banks are moving away from the US dollar by purchasing record amounts of gold, while rising inflation has pushed investors toward secure and stable assets like gold.  

Closer to home, Malaysia’s economy isn’t immune to these pressures. The global economic uncertainty and the trade war between the United States of America and China have made gold investment particularly appealing, as gold tends to increase in value during economic instability. 

Should you invest in gold now? 

It might seem like a good time to invest in gold, but before jumping on the bandwagon, consider whether the following aligns with your financial goals and risk appetite: 

If your portfolio leans heavily on stocks, property, or fixed deposits, adding gold can provide balance and help cushion against market downturns.

Gold is best viewed as a long-term investment, as its value tends to grow over years rather than weeks. Investing in gold requires patience and holding power. 

Traditionally in Malaysia, gold investment meant buying gold jewellery and storing it at home or in a safety deposit box. These days, digital platforms like TNG eWallet and its eMas offering provide a more accessible and secure way to invest in gold. 

Gold’s value often rises when stock markets or property prices fall. However, the opposite is also true. When those assets perform well, the value of gold may drop.

While gold is known for its stability, it doesn’t provide dividends or rental income like stocks or property. Its main strength lies in preserving your wealth during uncertain times, rather than offering quick turnaround gains.  

It’s also important to stay alert to scams. Some fraudsters target gold investors with promises of unrealistically high returns.  Always buy gold through trusted sources, such as licensed jewellers, banks, or regulated platforms. 

So, which type of gold investment suits you?

There are typically three gold investment options for Malaysians: 

Buying physical gold in physical form such as bars, coins, or jewellery remains one of the most traditional methods. It’s tangible and holds cultural significance, though storage and insurance costs can add up. Still, it’s a solid way to pass wealth down through generations or give as gifts. 

For tech-savvy investors, digital gold platforms offer a simple way to buy and sell while keeping an eye on performance. Buying eMas directly through TNG eWallet is convenient, with no middleman involved, and you can start with as little as RM10. It’s a great starting point for beginners or casual investors who want to start small.

While both gold ETFs and digital gold platforms let you invest in gold without holding it physically, they work differently. Gold ETFs are traded on stock exchanges and track the price of gold, offering liquidity and flexibility. This is a great option for hands-off investors, who prefer a stock-like investments without the need to store physical gold. On the other hand, digital gold platforms, allow you to buy and store small amounts of actual gold digitally, often with the option to redeem it physically later.  

Conclusion: Is the gold train worth boarding?