Gold Saving Passbook

Thinking about investing? Invest in stock market? Purchase a house or property? Unit Trust Funds? Invest in Gold?

Yes, gold offers secure value and it is easy to invest with Maybank GSPA!

Historically, the value of national currencies rises and falls but the value of gold remains, remarkably stable. Gold is an asset that does not depend upon governments or corporations promise to repay. It is not directly affected by the policies in any country and it cannot be repudiated or frozen, as in the case of assets.

Gold also acts as a reliable "store of value" not just because it fulfils the functions of money, but gold is also portable and divisible. Its weight is a good measurement of a unit of value. It is indestructible, relatively scarce and cannot be "manufactured". It is easily recognizable and acceptable as a form of payment worldwide.

Liquidity
At this moment, gold is still the most liquid asset in the world. It can be readily bought or sold 24-hours a day in one or more markets around the world.

This cannot be said of most investments, such as stocks or bonds of the world's largest corporations. In addition, the trading spreads on gold are generally narrower than the spreads on stocks and bonds (which are considered as liquid assets).

It takes about the same amount of time to execute a trade in gold as is does for stocks and bonds. Whether your investment approach is conservative or aggressive, gold always play a vital role in diversifying your investment portfolio.

Diversification of Portfolio
Many experts urge investors to keep a 1/3 of their total assets in forms of gold. A typical portfolio is invested primarily in financial assets such as stocks and bonds. Gold's low-to-negative correlation with stocks and bonds makes it an excellent portfolio diversifier.

Adding gold to a portfolio introduces an entirely different class of asset. Gold is unusual because it is both a commodity and a monetary asset. It is an 'effective diversifier' because its performance tends to move independently of other investments and key economic indicators.

Recent independent studies have shown that traditional diversifiers (such as bonds and alternative assets) often fail during times of market stress or instability. Even a small allocation of gold has been proven to significantly improve the consistency of portfolio performance during both stable and unstable financial periods.

Maybank GSPA Features

Eligibility
• Individuals
• Joint account - maximum of 4 persons.

Features & Benefits
• 999.9 Gold

Minimum purchase
• 5gm for opening GSPA.
• Subsequent deposit/investment must not be less than 5gm. To maintain a minimum balance of at least 1gm at all times.

Trading unit
• Minimum 5gms in multiples of 1gm

Withdrawals
The withdrawal of gold from GSPA will be converted into Ringgit Malaysia at prevailing gold price.

GSPA account holders are allowed to withdraw the gold in below format:

• Physical gold
Gold Wafers @ 10, 20, and 50 can be withdrawn at selected branches. A conversion charge to cover the shipping and insurance will be charged for the physical gold withdrawal.

• Cash
The amount of gold holdings can be converted to Ringgit Malaysia equivalent at the prevailing market (gold) price. The amount in RM will be credited into a Maybank deposit account of customer.

Record / Passbook
A GSPA passbook will be given to the account holders upon complete the procedure of opening the GSPA account.

The passbook is for deposit and withdrawal purposes. Deposit, withdrawal and closing of GSPA are available at any of the Maybank branches.

Fees and Charges
Withdrawal of physical gold is subject to conversion charge to cover the shipping and insurance. The fee is various and depending on total physical gold to be withdrawn.

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