Gold Rush - By Mavis Toh & Debbie Yong
THESE days, lawyer C. C. Lie is sitting pretty on a pile of gold coins.
Last December, she had bought about $50,000 worth of one-ounce gold coins at US$650 (S$965) per ounce. With the price of gold breaching the US$750 per troy ounce (31.1g) mark on Friday, she is looking at a gain of about $5,000.
'I'm very happy with the returns and there's little risk involved,' said the 38-year-old mother of four. She had bought the gold coins as 'a form of wealth preservation'. She thinks that the price of gold will rise further and wants to buy more gold coins.
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