Bank now offers gold accounts

9 July 2012
The Phnom Penh Post
Banking and financial services / Economy and commerce / Investment
Banks / Cambodians / CIMB / deposit / gold / Gold Deposit Account / gold-backed / invest / investment product / Malaysian-owned banks / precious metals

Cambodians can now invest in gold through one of the Kingdom’s Malaysian-owned banks, CIMB. The investment product has been met with mixed reviews from experts, but could tap a popular and traditional means of investment. CIMB’s Gold Deposit Account would give customers a gold-backed investment option without the need to hold the precious metal. … The minimum initial deposit is 19 grams – also the minimum balance required. …

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