Monday 25 April 2011

What is SPREAD??

When we talk about Gold and Silver investment, I believe that you've heard a lot of company are selling this precious metal. Some of them are selling even cheaper price than Public Gold.
What makes Public Gold different from others is the SPREAD.

What is SPREAD?

Spread is the price different between a selling and buying price. It is measured in certain percentage. Normally when you view the live price from Public Gold or others, you can see 2 different price which is SELLING and BUYING. I am very sure some of the people outside there always said that Public Gold price is higher than other company in fact the purity and quality of the gold is the same.. Why?

Let me explain to you the most important point here. I agreed, Public Gold price is a bit higher than some of other company. But when we invest or talk about a investment return, we should choose the most higher value and less deduction. Why I said that, SPREAD for Public Gold is actually only around 4.5% - 6% from the selling price. For example, if you bought a Gold Bar cost RM3000 last year.. and you are planning to sell it this year which is you already know the price has gain 30%, become RM3900... but when you want to sell to ABC company which is their spread is 12%-13%, so you only left about 17% profit from your Gold. But with Public Gold, the spread is about 6% and you still gain a balance profit of 24%.. even though when you bought its slightly expensive than others. Plus, Public gold will accept your gold even its already dented, scratched, or looks old..as long the certificate and the weight is still remain..
This is what I call a better investment choice and platform...

I am here not to condemned others company product or their strategy.. but to open our mind and let you to decide and choose which is better for your needs. You can try to study other company's product and spread. At the end of the day, its still up to you to choose...

Good Luck!!

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