Citibank Gold Investment

Citibank baru melancarkan produk terbarunya iaitu Gold Investment
Sila rujuk http://www.citibank.com.my/english/investments/gold-investment-acc.htm

Saya akan membuat review mengenai produk ini di masa akan datang, secara umumnya, citibank menawarkan pelaburan emas dalam bentuk akaun, bukannya fizikal. Yang menariknya, citibank menawarkan dua jenis pelaburan emas:

1. Gold Investment Account (lebih kurang dengan bank lain)
2. Dual Currency account (anda boleh melabur dengan 2 jenis matawang - contoh harga emas berbanding USD dan harga emas berbanding MYR). Jika USD merosot, atau MYR juga mengalami perubahan, ia akan memberi kesan kepada pelaburan kita (secara negatif atau positif)

Discover the potential of gold. For centuries, gold has been recognised as a global currency and an object of beauty. Today, gold has the potential to help you grow your wealth. Why invest in Gold? 1. Store of Value: Gold has proven to be a good store of value, holding its value over the long term. 2. Hedge against Inflation: Gold has remained stable in terms of retaining its purchasing power. In contrast the real value of most currencies has generally declined over time. 3. Investment Diversification: Gold has low correlation with major asset classes 4. Protection from economic turmoil: Gold has proven to perform even in times of economic turmoil. Investments made truly golden. As a Citibank customer, you get to enjoy 2 innovative gold investments: Citibank Gold Account Citibank Dual Currency Account (Gold) Both innovations provide you the benefits of a gold investment without the hassles and costs of physical possession. That’s not all. You are also entitled to invest via multiple currencies. Citibank Gold Account The benefits: Easy access Use your investment as a hedge against inflation or as an alternative asset class Hassle-free No physical delivery of gold or maintenance of a passbook. The account is reflected in your CitiOne statement No additional costs No handling/management fees Flexibility Enjoy multiple currency denominations against gold (USD/EUR/AUD) How It Works Citibank Dual Currency Account(Gold) The benefits: Earn higher interest rates with AUD, EUR or USD Diversify into gold at a pre-agreed exchange rate Wide range of Strike Prices to suit your risk appetite How It Works Citibank Gold Account Assuming the current Citibank ‘sell’ price for gold is USD1,200 per ounce. With a USD100,000 principal investment, you are able to purchase 83.33 ounces of gold (USD100,000/USD1,200 per ounce) and place this into your Citibank Gold Account. Scenario 1 Scenario 2 Gold Price (i.e. Citibank’s ‘buy’ price) Price of gold rises to USD1,220 per ounce Price of gold declines to USD1,180 per ounce Value of Gold Account USD101,662.60 (83.33 ounces x USD1,220 per ounce) USD98,329.40 (83.33 ounces x USD1,180 per ounce) Profit/Loss when gold is converted back to USD Profit of USD1,662.60 Loss of USD1,670.60 Note: 1. Rates quoted in the above scenarios are meant for illustrative purposes only. 2. Profit or loss is only materialised when customer sells gold back to Citibank at Citibank’s ‘buy’ price. Withdrawal from the Gold Account Gold transactions can only be performed using AUD/USD/EUR. Citibank Dual Currency Account (Gold) Select 2 reference instruments from the array of currencies (AUD/EUR/USD) or gold, one used as a base reference instrument and the other as the alternate reference instrument. Upon maturity, you will receive your principal and interest amount in either your base or alternate reference instrument at the pre-determined strike price of the investment. AUD Base and Gold Alternate Base Tenure AUD/Gold Spot Price AUD/Gold Strike Price Interest rate Interest earned AUD100,000 1 month 1,430 1,420 12% p.a. AUD986.30 On Fixing Date¹, the following scenarios may happen. Scenario 1 Fixing Date Gold rises to 1,435 Payout Principal + interest amount will be repaid in AUD Principal + Interest AUD100,986.30 Principal + Interest (If converted immediately to base reference instrument) Not applicable Scenario 2 Fixing Date Gold declines to 1,405 Payout Principal + interest amount will be converted into Gold at the pre-determined Strike Price Principal + Interest Gold 71.12oz (AUD100,986.30/1,420) Principal + Interest (If converted immediately to base reference instrument) AUD99,923.60 (71.12oz x 1,405) This is less than the initial amount invested Rates quoted in the above scenarios are meant for illustrative purposes only and are not indicative of future performance. In the event that the market price is equal to the Strike Price, the Bank reserves the right to pay your principal plus interest in either the base or alternate reference instrument. Citibank Gold Account If you want to invest directly in gold If you do not want the hassle or cost of physical possession If you prefer the option to make changes to your investment anytime Citibank Dual Currency Account(Gold) If you want to receive a higher interest rate compared to traditional time deposits If you are seeking an opportunity to diversify into gold at your pre-agreed exchange rate If you require a wide range of Strike Prices to suit your risk appetite To apply for Citibank Gold Account / Dual Currency Account (Gold)  Click here

Posted in: Gold Investment Account