HelloGold buy and sell gold anywhere anytime in Malaysia

HelloGold Review – 5 Key Reasons to Use this App

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Looking for the most convenient and cheapest way to buy gold as an investment in Malaysia? 

Then you’re in the right place. 

Let me introduce you to…

HelloGold – an award-winning mobile app that allows you to buy and sell gold in Malaysia instantly at anytime, anywhere.

But why use HelloGold?

You will find out from this complete review of HelloGold. 

The best part?

I’m also going to share with you the step-by-step guide to investing in gold in Malaysia using this mobile app.

Let’s get started.

Related: The Ultimate Guide for Beginners to Invest Gold in Malaysia

Who is HelloGold?

The very first question that would probably hit your mind is…

Is HelloGold safe?

Before we deep dive into the key benefits of using HelloGold, let’s have a thorough understanding of its background.

HelloGold is the world’s first shariah-compliant gold trading digital platform

Robin Lee, the current CEO of HelloGold, founded the gold trading digital platform in 2015. 

HelloGold CEO Robin Lee
HelloGold CEO Robin Lee (Image Source: vulcanpost)

Robin Lee was previously the CFO at the World Gold Council. Besides, he was also the principal accounting officer for the world’s largest private gold fund managing US$30 billion assets.

Quite a prominent figure in the gold industry huh?

HelloGold’s Achievements

Unsurprisingly, its popularity has surged tremendously especially after achieving countless prestigious awards in a short span of time.

Well, to name a few…

November 2017 – winner of the Critics’ Choice Most Innovative Islamic Retail Product Award.

December 2017 – won the Best of TechMatch Asean 2017

March 2018 – Awarded the Prominent in Wealth, Asset & Investment Management of the Year by Malaysia Fintech Awards 2018.

November 2018 – won the Best Islamic Wealth Management Fintech Company at the World Islamic Fintech Award 2018 in Manama, Bahrain.

April 2019 – won the Most Outstanding Islamic Fintech Company at KLIFF Islamic Finance Awards Presentation 2019.

On 18 April 2018, HelloGold also announced that it received an undisclosed Series A Funding from Silicon Valley’s 500 Startups

HelloGold’s Strategic Partnerships

Besides, HelloGold has also entered into several strategic partnerships to expand its customer base across different markets.

In April 2017, Aeon Credit signed a collaboration agreement with HelloGold to offer its customer an asset-backed personal financing product

In August 2018, it partnered with Heluss, an insurtech company, to provide the latter with US$2 million worth of gold.

Early this year, HelloGold announced that it joined forces with Baobab, the digital financial inclusion group to develop products for its 800,000 customers across nine countries in Africa

Subsequently, in April 2019, it teamed up with Curlec to automate monthly gold investments for its customers.

Since its launch in 2016, HelloGold has quickly emerged as a renowned Fintech app that revolutionises gold investing through technology.

So, with such a remarkable company profile, does it gain your trust a little?

5 Key Benefits of Investing in Gold using HelloGold

Let’s get back to the main topic of the day. Here are the 5 key benefits of buying and selling gold in Malaysia using HelloGold.

1. Low capital amount 

HelloGold – you can buy gold for a price as low as RM1

Not only gold signifies wealth, but it’s also often associated with superior status and elegance. For ages, people always see gold as a precious metal that only the riches could afford to own.

But what if you can buy gold today for a price as low as RM1 using HelloGold? 

With HelloGold, every Tom, Dick and Harry can now afford to own gold in Malaysia.

Even though it only represents a tiny fraction of the gold nugget. All it takes is just RM1 for you to start investing in gold.

Sounds too good to be true?

HelloGold - Buy Gold for as low as RM1
HelloGold – buy gold for as low as RM1

There you go. I just bought 0.005 gram of gold successfully for RM1.

What makes HelloGold so appealing is not because it allows you to start owning gold for as low as RM1. 

But more importantly, it helps you build a good habit of investing early starting with small amounts.

Investing in gold doesn’t seem difficult at all. Don’t you agree?

The best part?

HelloGold now gives a RM5 discount if you buy RM50 worth of gold after signing up an account with a referral code.

And here’s my referral code – MART2EF2 for your convenience. You can install HelloGold mobile app from Google Play Store or App Store.

2. Safe and Secure

With HelloGold, investing in gold in Malaysia has never been safer. 

HelloGold – your gold is always safe and secure

Why?

First off, HelloGold never stores the gold on behalf of their customers. It keeps the gold in the vault that BullionStar International provides in Singapore.

And the latter sends a bar list to HelloGold every business day that shows the amount of gold held in the vault.

HelloGold also publishes a customer list (identified by number) showing the amount of gold that each of its customers owns.

Besides, Bureau Veritas, one of the world’s prominent precious metals auditor performs an audit on your gold every six months. 

Not convinced enough?

Let’s hear out directly from the CEO of HelloGold. The three simple steps that you can take to verify your gold ownership.

HelloGold CEO explains how to ensure your gold is safe and secure

HelloGold takes every possible step to make sure you have peace of mind.

In contrast, the risk of theft or robbery is much higher when you keep physical gold at home.

Or, would you rather bury it in the backyard and wait for your descendants to uncover the treasure one fine day? 

3. Great Flexibility and Convenience

HelloGold offers the most convenient way of buying and selling gold in Malaysia

With HelloGold, you can buy, sell, redeem and even transfer gold to anyone instantly with just a click of a few buttons!

Besides, you can also track daily gold prices using the app.

HelloGold – track daily gold prices with a few clicks of a button

How convenient is that?

What other alternatives that offer such a great deal of flexibility and convenience to invest in gold in Malaysia?

Traditionally, opening a gold investment account with the banks is the most popular way of investing in gold in Malaysia. 

But the hassle of going through all the paperwork has thwarted most millennials from opening an account.

Even if you decide to buy physical gold, you still have to drag your feet to visit the gold dealers. Not to mention the time needed to look at the intricacies of different designs with a magnifying glass before buying.

Signing up an account with HelloGold does not require your physical presence. Yet the process is simple and straightforward. 

All it takes is just a few minutes of your time.

The fact that you can buy and sell gold online instantly using HelloGold, isn’t that a deal-breaker for you?

4. You can Redeem Physical Gold Anytime

HelloGold – you can redeem physical gold anytime

With the exponential growth in financial technology, investors can easily invest in gold online or through Exchange Traded Funds (ETF)

Even so, many are still in favour of buying physical gold. As the saying goes, ‘If you don’t hold it, you don’t own it’.

Investing in gold using HelloGold allows you to do just that. 

The gold that you buy from HelloGold is investment grade with 99.99% fineness sourced from PAMP SA. It takes only a maximum 5 days to have it delivered to your doorstep upon order confirmation.

Your gold will come in the form of either wafers or bars depending on the size of redemption. 

The best part?

Even if your gold is lost during transit, HelloGold will replace the delivery as your gold is fully insured.

In contrast, most of the gold investment accounts in Malaysia do not allow withdrawal of physical gold.

5. High Liquidity

Liquidity is always a key consideration factor for most investors when determining the suitability of an investment.

HelloGold offers high liquidity to gold investors

The investment horizon for each individual differs depending on his/her investment objective and personal circumstances.

But the brutal truth is unexpected circumstances could sneak up on you anytime suddenly. 

That’s why liquidity matters. 

The beauty of investing in gold using HelloGold is that it streamlines the entire process of buying and selling gold online.

More importantly, it allows you to sell your gold and make immediate cash withdrawal anytime. 

Is now a good time to buy gold?

It’s indisputable that gold as an investment does not seem as attractive as other investment options. Unlike other investments like stocks or properties, investing in gold does not generate any cash flow.

A question that might float through your mind now, “Is gold even a good investment?”

Certainly, there are many compelling reasons to invest in gold. But what really matters is that whether now is a good time to buy gold or not…

Let’s take a closer look.

The chart below shows the historical gold prices in RM for the past 30 years.

Historical Gold Prices for Past 30 Years in MYR
Historical gold prices for the past 30 years in RM (Source: goldprice.org)

What can you see from the chart?

For ages, investors have always seen gold as a safe haven to limit their exposure during the bad times. Be it a stock market crash or a natural disaster. And it becomes even more apparent in times of rising geopolitical uncertainties.

2019 is the year that officially marks the longest bull market in history. And many predict that the bull market could come to an end soon.

Besides that, the rising geopolitical risks like the worsening US-China trade war, the escalated tension between US and Iran, the risk of Brexit without a trade deal and so on certainly do not bode well for the stock market.

Does that explain why now could be a good time to invest in gold?

A Step-by-Step Guide to Investing in Gold using HelloGold

Source: HelloGold

Feel tempted to give it a try? Sweet.

Let’s get it started. With the guide below, it would take you at most 3 minutes to complete the entire registration process.

First of all, download HelloGold mobile app from Google Play Store or App Store.

Open the app and key in your email address and password to register for an account.

HelloGold Sign Up Page

Click continue to upgrade your account to PRO for free to unlock all features. You need to complete your profile to upgrade your account.

HelloGold Upgrade PRO account

Firstly, verify your email address. Once done, you will be directed to the following page. Key in this promo code – MART2EF2 so that you can enjoy a RM5 discount for buying RM50 worth of gold.

HelloGold verify email address

Secondly, insert your full name, MyKad number and your phone number. 

HelloGold complete personal details

Next, enter the code to verify your mobile number.

HelloGold verify phone number

After that, take a photo of the front and back of your MyKad.

HelloGold upload MyKad
HelloGold upload MyKad back

And lastly, take a selfie of your beautiful face.

HelloGold take selfie to verify account

It’s all set now!

It normally takes 1 working day to verify your account. Once your account is verified, you can start buying and selling gold whenever you want. And don’t forget to claim your RM5 discount with this promo code – MART2EF2.

Summing-up

Undoubtedly HelloGold is a newfangled Fintech app that disrupts the traditional landscape of buying and selling gold in Malaysia. 

It becomes a game-changer in revolutionizing our financial market through technology.

Would you give it a try too? Share your thoughts below!

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