Your Personal Financial Solutions

GSPA is an account that allows individual customers to invest in gold in a convenient, more secure and cheaper way.

GSPA is one of the best ways for a customer to build up a personal gold portfolio by purchasing small amounts of gold on regular basis over a period of time. This "cost averaging" will ensure that the total gold investment will be acquired at the average gold price.


What are the benefits of having a GSPA?


1-It is secure, being introduced by the country's largest bank, 100% backed by physical gold and in collaboration with the World Gold Council.

2-It is cheaper as the gold prices quoted will be pegged to international gold prices without the usual additional charges.

3-Customers can invest in small amounts at a time i.e. minimum 5 grams.

4-There are three flexible withdrawal options i.e. in Ringgit, Gold Wafers or Gift Gold Certificate.

5-There is opportunity for capital gain if the gold price appreciates.
Gold can be a hedge against inflation.



Internationally, the gold price is quoted in US Dollar per ounce. You will make a capital gain if the gold price appreciates.

Why interest is not paid for GSPA?

When a customer purchases gold through GSPA, this is recorded into a passbook. The Bank actually keeps the gold in safe custody for the customer and as such interest is not paid.
The Bank will charge the customer an administrative fee for this service at 1/4% p.a. on the highest gold balance per month.


When is the right time to purchase gold?
The right time would be when the gold price is low.


If you interested in GSPA, kindly contact selected banks in your locality.

My recommendation: For maybank's gold saving, the buy/sell spread is too big. For better spread, open OUB account in Singapore, the spread per gram of the 999.9 gold is only 0.10 cents.