By : Mr. Mohamad Ashaari bin Awab _^K.B.;P.A.

1. INTENTION & PURPOSE

If you wish to begin gold savings, start with a clear intention and purpose. For example, I want to start saving gold to increase assets that can be used for the following needs: emergency fund, business capital, retirement savings, children's education fund, savings for performing Hajj, capital to buy a house, and so on. This will make it easier for us to achieve our gold savings objectives.​

2. START WITH KNOWLEDGE

The second most important thing before starting gold savings is to enhance your knowledge about gold savings and investment by attending seminars on financial management and gold savings. Additionally, it is crucial to read books about gold written by those with extensive experience and expertise in gold savings, such as "Wang Emas" by Mohd Zulkifli Shafei, "Menyingkap Rahsia Pelaburan Emas" by Syukor Hashim, "Masa untuk Emas" by Azizi Ali, and many other books on gold available.​

3. LEARN FROM A MENTOR

Find and identify individuals experienced in gold savings. Learn from them and don't hesitate to ask questions because everyone starts from 'ZERO' in gold. This is crucial to avoid falling into 'get-rich-quick schemes' that often deceive us with promises of high returns. Many who lacked mentors and knowledge about gold have made missteps and ended up incurring losses.​

4. BUY FROM THE RIGHT COMPANY

With the knowledge and mentor you have, you will be able to identify companies that are truly stable, strong, and reputable. Ensure that the company not only sells gold but also buys back gold at any time without limit.​

5. BUY GOLD WITHIN YOUR MEANS

Once you have identified the right company to purchase gold from, buy gold according to your ability. This is important to discipline ourselves to save gold consistently. For example, one gram per month or at least saving a minimum of RM100 per month.​

6.TAKE ACTION NOW

Next, take action now. For those who are employed, when you receive your salary, discipline yourself to save at least 1 gram of gold per month. After a year of saving, if we do the math, you will have 12 grams of gold saved. However, it's likely that if you have started, your gold savings will exceed 12 grams a year because you have the knowledge and enthusiasm to save the world's most stable asset.

Date of Input: 30/04/2025 | Updated: 30/04/2025 | ayna