Compiled by DIVYA THERESA RAVI and TAN SIN CHOW
A 10-YEAR-OLD girl from Hebei province, China, has turned her red packet savings into a tidy profit after investing in gold three years ago, Sin Chew Daily reported.
Gold was priced at 460 yuan (about RM260) per gram at the time. She continued buying over the next two years, spending 4,000 yuan (about RM2,260) annually.
She has since accumulated about 30g of gold jewellery. Based on current prices, her holdings are now worth more than 30,000 yuan (about RM16,000) – at least 1.6 times her initial investment.
According to the daily, a woman surnamed Bai shared on social media that her daughter began purchasing gold at the age of seven. The girl opted to buy gold, as she did not want her parents to keep her red packet money and feared misplacing the cash herself. Bai quipped that her daughter has a sharper investment instinct than she does, adding that she regrets not buying more gold at the time.
The story quickly gained traction online, with netizens joking: “Is your daughter a time traveller? That’s unbelievable.”
(The above articles are compiled from the vernacular newspapers (Bahasa Malaysia, Chinese and Tamil dailies). As such, stories are grouped according to the respective language/medium. Where a paragraph begins with a >, it denotes a separate news item.)
