Public Bank Gold Investment

About Public Bank

The history of Public Bank begins in Kuala Lumpur, Malaysia. Founded by Teh Hong Piow to provide financial services for the country and region beyond its shores – it has since grown into one of the largest banks in Southeast Asia.

They provide various types of financial products and services, from personal banking, general insurance products to gold investment and management of the unit trust. Public Bank has a simple strategy – focus on what they do best, grow with it! The industry-leading retail banking business is centred around providing quality services for consumers and SMEs.

What is a Gold Investment Account (GIA)?

Gold investment accounts allow you to invest in gold without having any physical assets. At present, only certain banks in Malaysia offer these accounts, and they can be beneficial if you want more than just cash or shares on the stock market and have some exposure to precious metals like gold!

About Public Bank Gold Investment Account

The Public Bank GIA account is an excellent way to buy gold. Customers can purchase the purest available commodity in 99% fineness at daily prices Ringgit Malaysia (MYR)
The passbook is only applicable for individuals, but you can still expect to receive a monthly statement with all transactions recorded

Why should I choose a Public Bank gold investment account?

• You can earn potentially higher returns from appreciation in the gold price
• It is convenient to invest in gold as trading is carried out through branches or online
• The difference between selling and buying price is less
• Initial payment and subsequent payment are affordable
• Invest in gold without keeping it physically
• Gold value will rarely drop against inflation
• Diverse your portfolio

Who can open a Public Bank gold investment account?

• Individuals aged 18 and above
• Children below the age of 18 must have their guardian open an account with them
• Non-individuals (companies, associations, etc.) are required to register for PBe when opening the GIA

What do I need to know before opening a Public Bank gold investment account?

• You need to have a savings or current account with the bank
• The minimum initial purchase is 5 grams
• The minimum balance in GIA is 2 grams
• The maximum transaction limit is RM50k per GIA per day, including both purchases and sales

What are the risks of having a gold investment account?

• Gold can be a good hedge against inflation, but it’s not without risks. Before investing in gold, make sure you understand that the return from such investment will depend on market forces and volatility, which means your gains may also suffer substantial losses if things go wrong, for instance
• A gold investment account is not protected by Perbadanan Insurans Deposit Malaysia (PIDM)

What is the minimum purchase for a Public Bank gold investment account?

• The minimum initial purchase is 5 grams
• The subsequent purchase or sale is 1 gram plus additional in multiples of 1 gram

What are the standard fees of a Public Bank gold investment account?

What is the process of opening a Public Bank gold investment account?

• You need to reach the eligibility age (18 years) or get help from your family if you are below the age of 18
• A minimum of 5 grams needs to be purchased, and your balance should have at least 2 grams

What are the common terms of gold investment?

• Minimum initial purchase

The amount of gold you need to start an investment account. It depends on the bank and type, but it can be as little as 1 gram or more!

• Minimum balance

The minimum amount of gold needed to maintain your gold investment account.

• Minimum subsequent purchase/ sale

The minimum amount of gold you must involve in any transactions when buying or selling via your gold investment account.

• Buy-sell spread

The difference between a bank’s selling price and buying price for gold investments account. For example, you get gold at RM200, and the bank repurchases it at RM190. The buy-sell spread is RM10 (RM200 minus RM190).