Thursday, 30 January 2014

Why physical gold?

Here are my reasons why

Why physical gold?
1. For wealth protection- a hedge against inflation
Paper currency is losing its value against time while gold value keeps on increasing over decades and generations. Sebab tu mak-mak dan nenek-nenek kita dulu selalu beli dan simpan emas. Bila anak-anak dah besar, harga emas dah naik berganda, boleh pakai utk hantar anak ke uni/buat kenduri kahwin dsb.

There is a YouTube video about how paper currency can be manipulated, that it is the biggest scam in the history of mankind here (with Malay subtitle). The man featured in the video is Michael Maloney, author of best-seller 'Rich Dad's Advisors: Guide to Investing in Gold and Silver', founder of GoldSilver.com and WealthCycles.com.

In the end US Dollar would be just like the 'toilet paper'- Tun Dr. M.
Credit to Utusan Malaysia and mursyidi.com

2. Shariah compliant
This matter concerns the Muslims due to the fact that few banks offer Gold Savings Account (GSA). People deposit money into the account which value will change according to the current gold value, but there is no actual physical gold for the account holder, just numbers printed in the account book. However, there are 2 banks that offer Shariah Compliant GSA i.e. Kuwait Finance House and Al-Rajhi. They do have real gold ready for the account holder whenever they want to withdraw it.

Buying physical gold will not cause this issue since it's just like buying something from the shop. You pay the money, you get your stuff.

3. Hadith
There is a hadith (the saying of Muhammad Rasulullah SAW) narrated by Imam Ahmad Ibnu Hanbal:
"Akan tiba suatu zaman di mana tiada apa yang bernilai dan boleh digunakan oleh umat manusia. Maka simpanlah Dinar dan Dirham"
Translated as- There will be a time when nothing is valuable and can be used by Human race. Therefore, save Dinar and Dirham. Dinar is gold coin while dirham is silver coin. Wallahu a'lam.

If you haven't realised, gold price is low again since April 2013 to where it was 4 years ago. While it's still on sale, why don't you get yours here.

Norazharina Mat Amin
PG040197
013-2092404
azharina.amin@gmail.com

(Updated on 12th Feb 2014)

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