Invest in Gold ETF

Hi Mr Tan,

What is you view in investing in Gold via Exchange Traded Funds (ETF)? Is it a good time to go into Gold?

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REPLY:

I am not familiar with investing in gold, and also the right "timing" to invest in gold.

Some experts believe that gold should be part of a well diversified portfolio. If the current price is not too high, it may be a good time to implement this diversification.

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FROM MY STOCKBROKER:

The Counter is Gold 10 US $ under stock exchange. Seller @ US 63.80(Last done 63.60)

It is similar to trading in STI-ETF. However, this is in 10 shares and in US $
Fom the above indication, you can buy min of 10 shares, the cost will be US$ 638

According to my colleague, this price is fair as it is close to physical gold and move in tandem to it.