Malaysia Money Matters

Gold price dropped significantly - people in Asia flocking back to goldsmith shops to buy up chains, rings and wafers for keeps. Never have I seen so many people crowding the gold shops at the malls, even on week nights! I'm quite taken with this white gold bracelet that I saw in Tomei last weekend, about 16g of 18K going for about RM6,000 - hmmm... paying a lot for the workmanship; better off just getting the wafer for investment, right? :) Think I might compromise and get the wafer AND a smaller piece to wear...huuu.. but that bracelet was soooo nice, looks almost exactly like the steel bracelet that Donghae wore in the early years of Super Junior - yes, I'm a K-pop fan, bite me :-p p.s. Silver has dropped too, worth stocking up on bullion because silver is always in short supply.

A few months ago, I decided to put some money aside into bullion. I've been reading up on gold and silver investments and watched the prices for a while. But given how busy I can get at work, I decided that gold trading is not for me - just don't have the time to watch the volatility and honestly, I don't have the stomach for it. Not in my DNA as it were :) Anyway, after scouting around the different options available, I went for Tomei's portal Goldsilver2u.com (err.. not very original huh? LOL but it's straight to the point!) to buy some wafers  - yeah, wish I could say BARS of gold but you know.. Got some silver too, the prices have fallen a bit but I'm not too concerned because this is a long term play. Mainly I went with Tomei because they've been around for a while, have a strong retail presence and thus, pretty stable. Not rocket science, really. So, they are now tucked away in the safety deposit box at the bank for a rainy day.