Shares & Derivatives
Gold Savings Deposit Account
By Tan Kin Lian  •  April 16, 2008
By: Tan Kin Lian Hi Mr. Tan, I have been pondering whether to park some of my savings in a gold savings deposit account. I saw it being offered by a local bank. But there's an administrative fee (in grams of gold) as low as 0.12 gm per month or 0.25% p.a. on the highest balance per month, whichever is higher. REPLY Tan Kin Lian pictureSome people think that Gold has already gone up very high. If you invest in Gold, be aware about the risk that it may fall down to a lower level. However, if you hold this investment as part of a diversified portfolio, then it may be all right. Apart from the administrative fee (which is quite low), you should also be aware that Gold does not earn any recurring income. Some people prefer to buy shares of Gold mining companies as it produces an income. But they have to look at other factors, such as leverage and cost structure. Source: Tan Kin Lian's Blog
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By Tan Kin Lian
Mr Tan Kin Lian (fomer NTUC Income CEO) started his insurance career in 1966 in a local life insurance company. He has also worked in various positions as a computer programmer, organisation and methods officer and consulting actuary. Mr Tan writes daily in his blog. The information in his blog is transparent and has an open approach.

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