BullionStar quoted by Berita Harian, Singapore’s leading Malay-language newspaper
- 17 Oct 2023
Berita Harian, Singapore’s leading Malay-language newspaper, has published an article about investing in physical gold, which features extensive quotes from BullionStar’s precious metals analyst Ronan Manly.
Berita Harian writes:
“Mr. Ronan Manly said physical gold is a real asset that is difficult and expensive to mine and has a limited supply. ‘Because the supply is limited, it has an intrinsic value,’ he said.
Mr. Manly emphasized that the purpose of gold investment is not to generate income, but gold is a store of value and a method of wealth preservation.”
Citing BullionStar’s recent estimate of what percentage of its in-shop customers that are Malay, Berita Harian writes that “BullionStar saw the number of Malay customers reach around 18 percent.”
Looking at the types of gold bars which are popular within the Malay community, Berita Harian asked BullionStar for feedback.
"'We notice that Malay customers prefer to buy small-sized ingots, especially the elderly because they are easier to divide'. explained Mr. Manly. 'For example, we saw some customers who bought three gold bars weighing 10 grams instead of one gold bar, because it is easier to divide it among their three children when they pass away.'
The Berita Harian article, which was written by Khairul Akmal Ali, and published on 16th October 2023, is titled “Peluang ‘Emas’ Atasi Inflasi”, which translates as “A 'Golden’ Opportunity to Overcome Inflation”. A website version of the article (subscription to read) can be seen here https://www.beritaharian.sg/ekonomi-kerja/peluang-emas-atasi-inflasi