Recently, i just bought my first precious metal, Silver, in its physical form. It was a beautiful 2007 Britannia and heard that year 2007 will be the last year to produce this design.
I have never been interested in coin collection. I was actually surfing the net on gold since i have been hearing that gold price has shoot up and also thinking why our government will allows us to use our CPF to buy gold stocks. I hear that gold has hit US$850 but i still did not understand whats the big hoo ha about it till i realise how gold price has been soaring for the past few years.
Learn that gold can be a good form of hedging against inflation and many seem to believe that gold price will easily hit US$1000 in a few years time as the dollar weakens.
I was telling my mum to buy more gold now and she scolded me crazy for the price of gold is so high now. Ha ha, cause when I'm younger, my mum wanted to buy me some pieces of gold jewellery for my birthday but i was telling her i do not like it, so auntie! I'll prefer platinum or diamonds. But now, I think I'll prefer gold.. but i still like Jade and Pearl.. Diamond can buy only when you get the best color, cut, clarity and at least a 1.5 or 2 carat, if not, i think it can't fetch a good price when you want to sell it back.
Now, i will be taking note on the gold prices and hope it can drop below $750, then i probably open the UOB Gold Savings Account or buy a 1 or 1/2 oz gold bullion coin every year to keep.
But again, isn't the heart cut diamond beautiful...
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