Maybank, the largest company by market capitalisation on the Malaysian Bourse and one of Forbes Global 2000 leading companies, has been around for more than 50 years. It’s ranked first among listed Malaysian enterprises as well!
Maybank’s wide range of products and services means that they are your go-to for anything you need. Whether it be banking, investment, or Islamic needs, Maybanks got what You’re looking for!
The gold investment accounts allow you to invest in a certain amount of GOLD without having any physical assets. At present, only certain banks offer these types of investments, and they can be beneficial if your goal is more than just cash or shares on the stock market and you have some exposure to gold!
They allow individual customers/ companies to invest in 999.9 fine gold commodities at a daily price in Ringgit Malaysia (MYR) without the hassle of keeping physical gold
The returns on your investment are dependent on the gold price fluctuations
The price of gold will be determined by the Bank at its sole and absolute discretion. It considers all relevant factors, including world market conditions, local currency exchange rates between USD and MYR, and fineness levels.
Your investment may be at risk if market conditions change. Although gold is considered one of the safest investments in the world, you’ll have no control over the profitability of your fund and could sustain losses as well!
Gold investment account is not covered by Perbadanan Insurans Deposit Malaysia (PIDM).
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!
The minimum amount of gold needed to maintain your gold investment account.
The minimum amount of gold you must involve in any transactions when buying or selling via your gold investment account.
The difference between a bank’s selling price and buying price for gold investments account. For example, you get gold at RM210, and the bank repurchases it at RM200. The buy-sell spread is RM10 (RM210 minus RM200).
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