Buying gold online

Most of us do some shopping online, some regularly shop online while a small number of us even shop online 100% of the time choosing not to go through the hassle of driving to a physical store thus avoiding traffic jams and long queues at the checkout counter. And for some, shopping online could be the best thing that's ever happened!

We buy books, clothes, shoes, household items, kitchenware, insurance, movie tickets, watches, CDs, DVDs, medications, exercise equipment and lots of others online. Perhaps, it's now time that we also buy gold coin online. Besides the price factor, the next stumbling block to buying gold (or silver and other precious metals) is that it is not that convenient. Wouldn't you agree? For instance, over here, in order to buy gold, one has to go to a bank, open an account by filling in a form before ownership of gold can happen. Maybe it's the same procedure in other countries, I don't know.

I just received an email about a vending machine for buying gold coins in many denominations but that is only in Abu Dhabi. I'm pretty sure this convenience won't happen anywhere else in the world for a long time or perhaps never at all. If you are looking to buying gold online or to buy gold coin, the next best thing would be buying it online. Buying gold online offers many advantages especially if you are shopping with Oxbridge House where they have experts to help you with your transaction whether it's for an investment or a collection.

Insurance plan that pays immediate annuities

Not sure if this type of insurance is available here in Malaysia but over in the U.S., there is such an insurance plan called single premium immediate annuities or simply "immediate annuities."

What this means is that this insurance product requires only a single payment and after that the insurance company pays you a pension for the rest of your life.

Single-premium immediate annuities are most useful for individuals or couples who are already at retirement age. A retiree can use his/her savings to purchase an immediate annuity, which will ensure steady income for his/her entire retirement, no matter how long he/she lives.

All that glitters is Gold

Gold does not go out of style. Despite its high price, goldsmith shops here are still doing good business. People buy gold jewelry as gifts for weddings and new arrivals to the family or simply to add to one's collection though people don't flaunt them so much these days for safety reasons.

Investors, however, are looking at another angle to owning gold. Gold is and has been for centuries been used to preserve one's wealth hedging against inflation, now more urgently needed than ever. You can start small and slowly build up your investment portfolio. You can buy gold coins to start with or open a gold investment account with a bank here.

Spot gold is around US$1,412 per ounce. As for the Ringgit, Ringgit is quoted at 3.0555 to the US dollar.