Save in Malaysian Ringgit, Stocks or Silver?
Today, I had a huge surprise, realizing that the Malaysian Ringgit had dropped to a 9-year low against the dollar! Take a look at the major collapses in the chart below!
So what does all these mean to the average Malaysia investor?
Ok let’s say you have RM$100,000 lying in your house in January at the start of 2015.
At the January rate of 3.5 RM/US, it is worth US$28,571.
By June at the rate of 3.7580 RM/US, it will be worth only US$26,609
You have lost 6.8% in wealth in just 6 short months by saving in Ringgit.
Even if you had put your money in Maybank’s fixed deposit for these 6 months, you would have earned only 3.25% in interest.
You still lost 3.55% of your money after interest (6.8%-3.25%3.55%)!
What if you have put your RM100, 000 in the Malaysian Stock market?
The FTSE Bursa Malaysia Kuala Lumpur Composite Index which makes up of the 30 largest & best companies in Malaysia was at 1862.58 points in May 2015, By July, it have dropped to 1739.45 points due the depreciation of ringgit and loss of investor confidence!
You have lost 6.6% in wealth in just 4 short months by buying the best companies in Malaysia!
Now what if you had saved in the form of physical silver bars?
The silver price went from US$14.99 to US$15.03, keeping your purchasing power for the last 6 months.
You have earned a 0.26% return amidst the entire crisis!
Summary Track Record for 2015
So which is the best long-term insurance and protector of our hard-earned savings?
If you do decide on buying any silver bar today, we provide FREE SHIPPING within all Malaysia including Sabah & Sarawak!
Besure Pte Ltd is a Singapore registered bullion dealer offering GST exempted silver bars for savings and investment within Malaysia. We guarantee our silver bars' authenticity by the Besure Certification Process™. It allows Malaysians to invest in our silver bars with the ultimate peace of mind. Like Our Facebook Here!