Citibank Gold Acc/ Dual Currency Acc (Gold)

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Investing in Gold

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For centuries, gold has been recognised as a global currency and an object of beauty. Today, gold has the potential to help you grow your wealth.  
  

1. Store of Value: Gold has held its value over the long term very well
2. Hedge against Inflation: Gold has remained largely stable in terms of retaining its purchasing power. In contrast, the real value of most currencies has generally declined
3. Investment Diversification: Gold has low correlation with major asset classes
4. Protection from economic turmoil: Gold has continued to perform well in times of economic turmoil

  

As a Citibank customer, you get to enjoy 2 innovative gold investments:
• Citibank Gold Account  
• Citibank Dual Currency Account (Gold)


Both innovations provide you the benefits of a gold investment without the hassles and costs of physical possession. That’s not all. You are also entitled to invest via multiple currencies.


   



      


  Citibank Gold Account   
   Citibank Dual Currency Account (Gold)   


  
The benefits:

• Easy access
  Use your investment as a hedge against inflation
or as an alternative asset class  


• Hassle-free
  No physical delivery of gold or maintenance of a passbook. The account is reflected in your CitiOne statement  


• No additional costs
  No handling/management fees


• Flexibility
  Enjoy multiple currency denominations against gold (USD/EUR/AUD)


   
The benefits:

• Earn higher interest rates with AUD, EUR or USD


• Diversify into gold at a pre-agreed exchange rate


• Wide range of Strike Prices to suit your risk appetite


  

   

   

For centuries, gold has been recognised as a global currency and an object of beauty. Today, gold has the potential to help you grow your wealth.  
  

1. Store of Value: Gold has held its value over the long term very well
2. Hedge against Inflation: Gold has remained largely stable in terms of retaining its purchasing power. In contrast, the real value of most currencies has generally declined
3. Investment Diversification: Gold has low correlation with major asset classes
4. Protection from economic turmoil: Gold has continued to perform well in times of economic turmoil

  

As a Citibank customer, you get to enjoy 2 innovative gold investments:
• Citibank Gold Account  
• Citibank Dual Currency Account (Gold)


Both innovations provide you the benefits of a gold investment without the hassles and costs of physical possession. That’s not all. You are also entitled to invest via multiple currencies.


   



      


  Citibank Gold Account   
   Citibank Dual Currency Account (Gold)   


  
The benefits:

• Easy access
  Use your investment as a hedge against inflation
or as an alternative asset class  


• Hassle-free
  No physical delivery of gold or maintenance of a passbook. The account is reflected in your CitiOne statement  


• No additional costs
  No handling/management fees


• Flexibility
  Enjoy multiple currency denominations against gold (USD/EUR/AUD)


   
The benefits:

• Earn higher interest rates with AUD, EUR or USD


• Diversify into gold at a pre-agreed exchange rate


• Wide range of Strike Prices to suit your risk appetite

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Assuming the current Citibank’s ‘sell’ price for gold is USD1,200 per ounce. With a USD100,000 principal investment, you are able to purchase 83.33 ounces of gold (USD100,000/USD1,200 per ounce) and place this into your Citibank Gold Account.

   
   
  Gold Price
(i.e. Citibank’s ‘buy’ price)   
   
  Value of Gold Account   
   
  Profit/Loss
when gold is converted back to USD   
   
   
Scenario 1  
  Price of gold rises
to USD1,220 per ounce   
   
  USD101,662.60
(83.33 ounces x USD1,220 per ounce)   
   
  Profit of USD1,662.60   
   
   
Scenario 1  
  Price of gold declines
to USD1,180 per ounce   
   
  USD98,329.40
(83.33 ounces x USD1,180 per ounce)   
   
  Loss of USD1,670.60   
   


  Note:
1. Rates quoted in the above scenarios are meant for illustrative purposes only.
2. Profit or loss is only materialised when customer sells gold back to Citibank at Citibank’s ‘buy’ price.  


  


Subscription
Date   Withdrawal
Date   Funds will be made available in your Foreign Currency Call Account 2 business days later.  


Gold transactions can only be performed using AUD/USD/EUR.

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Select 2 reference instruments from the array of currencies (AUD/EUR/USD) or gold, one used as a base and the other as the alternative. Upon maturity, you will receive your principal and interest amount in either your base or alternative reference instrument at the pre-determined conversion price of the investment.  



   

            
  Base   Tenure   AUD/Gold
Spot Price   AUD/Gold
Strike Price   Interest rate   Interest
earned   
                          
  AUD100,000   1 month   1,430   1,420   12% p.a.   AUD986.30   
                          

  

  On Fixing Date¹, the following scenarios may happen.
  

  

     
  Fixing Date   Gold rises to 1,435   
     
  Payout   Principal + interest amount will be repaid in AUD   
     
  Principal + Interest   AUD100,986.30   
     
  Principal + Interest
(If converted immediately to base currency)   Not applicable   
         

  

     
  Fixing Date   Gold declines to 1,405   
     
  Payout   Principal + interest amount will be converted at Strike Price and repaid in gold   
     
  Principal + Interest   Gold 71.12oz (AUD100,986.30/1,420)   
     
  Principal + Interest
(If converted immediately to base currency)   AUD99,923.60 (71.12oz x 1,405)
This is less than the initial amount invested   
         


  Rates quoted in the above scenarios are meant for illustrative purposes only and are not indicative of future performance.  

  ¹ In the event that the market price is equal to the Strike Price, the Bank reserves the right to pay your principal plus interest in either the base or alternative reference instrument.


   


  To read the disclaimer, click here.

kteng7739

有些重点可以用中文吗？

粉红色恐龙

欢迎大家一起来讨论

武林至尊

最低投资/储蓄是多少啊？

dogdogman

最低投资/储蓄是多少啊？
武林至尊 发表于 5-10-2010 07:21 PM

这是重点。
然后citibank的黄金投资是否好过现在public bank。