Thursday, February 10, 2011

Gold anyone?

A couple of months back, my youngest brother asked me whether I have "gold money". He just came back from his lesson at Darus Syifa', yes he is learning Perubatan Cara Islam and hopefully, insyaAllah he will succeed in the path that he has chosen. Back to "gold money", I asked him why he asked, he said the ustaz told the class that morning that there will come a time when money - the money we now know and use, will no longer be tender-able. Which is true because our beloved Prophet Muhammad (saw) has said so one thousand and four hundred years ago! Hanya Allah dan RasulNya yang lebih mengetahui.

I have been thinking about investing in gold since way back when. When I was working my first job and had the opportunity to visit Pulau Bidong in Trengganu when the island was used by the UN to place the Vietnamese refugees. When your country is at war or any crisis, money no longer has any value. The Vietnamese were using either gold or USD. Then I heard about the Hadith (although daif) about nothing will be valuable except for gold and silver and the akhir zaman, which is now.. sooner or later.

Azwan made me rethink seriously again about investing in Gold. Mind you, I do not have a lot of money especially now that I no longer have permanent employment or any permanent source of income. The only savings I have are in the provident fund and I can't touch any of it until I am 50, which is a mere 5 years away, insyaAllah if I live long enough to reach 50 and beyond.

So how do I buy gold with the little money I have? And then I met SR, the lady who made and sell easy to wear tudung. She taught me how to invest with about 30-40% payment and now I am a proud owner of a 100gm 999 gold bar. I am looking forward to another 100gm soon.

More on gold soon.