How to starts a Public Gold investment

Starting a gold investment with Public Gold in Malaysia is straightforward, but it’s essential to understand the different investment options they offer and follow the necessary steps. Below is a step-by-step guide on how to start investing in gold through Public Gold:

1. Decide on the Type of Gold Investment

Public Gold offers several options for gold investments, so the first step is to decide which one suits your investment goals. The key options include:

• Physical Gold (Gold Bars & Coins): You can purchase gold bars or coins in various sizes and purity. This option is ideal if you prefer holding the physical asset.

• Gold Savings Account (GSA): This allows you to buy and hold gold digitally without the need to store it physically. You can invest in gold grams and track the value via your account.

• Gold Investment Trust (Public Gold ETF): This is an investment in gold-backed securities traded on the stock market. It allows you to benefit from the price movements of gold without owning physical gold.

• Gold-Backed Loans and Financing: Public Gold also offers options for financing based on gold holdings.

2. Create an Account with Public Gold

To begin, you’ll need to set up an account with Public Gold:

• Online Registration: Visit the Public Gold website (or their app) and create an account. You’ll be required to provide basic information such as your name, email, contact details, and identification (IC).

• In-Person Registration: If you prefer, you can visit a Public Gold branch and sign up directly. Public Gold has locations across Malaysia where you can receive assistance from customer service representatives.

3. Choose Your Investment Amount

After setting up your account, decide how much you want to invest in gold. Public Gold allows both small and large investments:

• For physical gold, you can buy in increments of 1g or more.

• For a Gold Savings Account, the minimum investment may vary, but it typically starts at a few grams.

• If you prefer Gold ETFs, you will need to purchase shares, similar to buying stocks, through a licensed broker.

4. Purchase Gold

Once you’ve decided on the type and amount of gold you want to buy, you can proceed with the purchase. Here’s how you can do it:

• For Physical Gold:

Visit the Public Gold website, call customer service, or head to a physical store to place your order. You can buy gold bars or coins and have them delivered to your address or store them in a secure vault at Public Gold’s facilities.

• For Gold Savings Accounts:

Log in to your account on the Public Gold website or app and purchase gold digitally by specifying the amount of grams you wish to buy. Your gold will be stored in the account and can be sold or withdrawn at any time.

5. Secure Your Gold

For physical gold, Public Gold offers several storage options:

• Vault Storage: Public Gold has a secure vault service where you can store your gold for an annual fee.

• Self-Storage: If you prefer to store the gold yourself, you’ll receive the physical gold to keep in a safe place like a bank vault or home safe.

For digital gold investments (like the Gold Savings Account or ETFs), you don’t have to worry about storage, as the gold is held securely by Public Gold on your behalf.

6. Track and Manage Your Investment

After making your investment, it’s important to monitor the performance of your gold:

• Gold Savings Account: You can check your balance and the value of your holdings through the Public Gold online portal or mobile app.

• Physical Gold: You can choose to sell or trade your gold through Public Gold’s buy-back program. The price of your physical gold is based on the prevailing market value.

• Gold ETFs: Track the market and price movements via your broker or through the Public Gold website.

7. Sell or Liquidate Your Gold

When you want to sell or liquidate your investment:

• For Physical Gold: You can visit any Public Gold branch or use their online buy-back service. Public Gold offers competitive rates for buying back gold bars and coins, allowing you to convert your gold back into cash.

• For Digital Gold (GSA or ETF): You can sell your holdings directly through the Public Gold platform. If you have a GSA, you can sell your gold for cash or transfer it into physical form.

8. Tax Considerations

In Malaysia, there is no GST (Goods and Services Tax) on the purchase of physical gold. However, if you make a profit on the sale of your gold, you may be subject to capital gains tax. Always keep track of your purchases and sales for tax reporting purposes.

Tips for Beginners:

• Start Small: If you’re new to gold investments, it’s wise to start with a smaller amount and gradually increase your investment as you gain more understanding.

• Monitor Gold Prices: Gold prices fluctuate due to various factors such as inflation, geopolitical events, and currency movements. Monitoring these factors can help you decide when to buy or sell.

• Diversify Your Portfolio: While gold is a solid investment, consider balancing your portfolio with other assets such as stocks or real estate to reduce risk.

Conclusion

Investing in Public Gold offers a secure and reliable way to diversify your investment portfolio with precious metals. Whether you’re interested in physical gold, a gold savings account, or even gold-backed ETFs, Public Gold provides multiple investment avenues for Malaysian investors. By following these steps, you can begin your gold investment journey and take advantage of the wealth-preserving potential of gold in the Malaysian market.