The perks of 1 gram per month strategy are highly sought after and regarded as a sure win formula amongst the gold savers. Doing so, we get to  unlock a couple of benefits, which are listed as follow:

Serves as ‘forced’ savings

A consistent saving can only be established through force, unfortunately. We were taught since we were young to save money with the remaining balance of our income (if there is any). This becomes an ‘only if’ situation, and the habit would get complicated to pursue.

Serves as a forgotten saving

As we begin doing this, we realize that saving in the form of gold is unlike saving money. The numbers are no longer visible in our bank account, and spending the money away will never occur. Furthermore, the same habit will create a new form of excitement; whereas we consistently follow this strategy, we would eventually end up with at least 12 grams of gold in a year.

Able to leverage on gold price volatility 

As we buy consistently every month, we effectively average our buying price. For instance, buying 1 gram at SGD170, SGD180, and SGD190, respectively, would give rise to three grams of gold with an average buying price of SGD180. This way, the price volatility is our friend, not a foe.

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Your buddy on gold investing,

Naresh G