buying gold becomes a tradition

It’s that time of the year here in Malaysia – Chinese New Year is around the corner again! You can expect malls and streets to be crowded and lots of shopping to be done for chinese households. Apart from decorating the house with red and gold prints and hanging mobiles which symbolize luck and prosperity, most people would be busy stocking up chinese new year goodies and treats.

As for the women, you can expect to see them in gold jewelers buying new jewelry for this well celebrated occasion. Some would like to adorn themselves with new jewelry as they go visitation and meet their relatives and friends. It’s a cultural thing, if you ask me. But for those who understand the value of gold, this is more than just something you use to show off. It’s a valuable investment for many and investors would buy gold from companies like Monex Deposit Company (MDC) in the form of coins or bullions. Like the chinese, many people from other parts of the world buy gold to symbolize their social status and wealth for many years and this tradition continues to remain strong.