Potentially secure and grow your wealth for the future with an investment account linked to international gold prices with HSBC Bank Malaysia Berhad ("HSBC Bank"), Best Foreign Bank in 2012 awarded by Alpha Southeast Asia Magazine.
The HSBC Gold Account is a non-interest bearing account offering you the opportunity to place deposits where the amount deposited will be converted and recorded in GLD* units.
Gold provides an ideal way to diversify your investment portfolio providing a more direct exposure to global gold prices to preserve and grow your wealth. Gold is also uncorrelated with most other assets and moves independently of key economic indicators.This makes gold a potentially good portfolio diversification investment choice.Potentially better returns
Opportunity for potential capital gain from gold price appreciation.Hassle-free
Enjoy quick conversion to cash when you buy and sell GLD unit through HSBC Bank.
The above is for illustration purposes only
HSBC Gold Account is made available through the HBSC Bank branch network only. All application and transaction on your HSBC Gold Account can only be conducted over the counter.
No. There are no fees and charges for the HSBC Gold Account.
GLD buying/selling price quoted shall be determined by the Bank at its sole and absolute discretion taking into account all factors it deems relevant including the prevailing world and local market price conditions for XAU, gold, the exchange rate between United States Dollar and Ringgit Malaysia.Market Risk
Your investment will be exposed to market forces and volatility. Due to unforeseen market movements, you may sustain substantial losses on the investment if market conditions move against your favour.Returns Risk
As a result of the above market risk, prices of the gold may fluctuate daily and customer will make capital gains if the international gold price appreciates above the customers initial placement or principal. However, there is no certainty that prices will go up and it may even fall.Principal Risk
Due to the result of both the market risk and returns risk explained above, you may not receive the same amount as per the initial placement (principal amount), when you decide to withdraw the GLD from the account and subsequently converted to MYR.
THIS IS A NON-PRINCIPAL PROTECTED PRODUCT AND IS A NON-INTEREST BEARING ACCOUNT. THE RETURNS ON THIS GOLD ACCOUNT IS SUBJECT TO THE GOLD PRICE/XAU FLUCTUATION. THE RETURNS ON THE GOLD ACCOUNT ARE UNCERTAIN AND CUSTOMER RISKS EARNING NO RETURNS OR EVEN A POSSIBILITY OF INCURRING LOSSES FROM THE ORIGINAL PLACEMENT AMOUNT. THIS PRODUCT IS NOT INSURED BY PERBADANAN INSURANS DEPOSIT MALAYSIA (PIDM).