18 years ago, a local car was equivalent to a price of 1 KG worth of gold. But now, those numbers have quadrupled!
There are many reasons for this, the main ones being that:
- Gold is rare and cannot be easily created, unlike money.
- As a result, gold protects your savings against currency devaluation, not just against the Ringgit but also against any currency including the USD.
Perhaps it’s time for gold?