Gold Investment Risk Behaviour of Working Adults in Perak: An Exploratory Study

Tan Suang Sin (), Arunagiri Shanmugam and Nagenthiri Mohan
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Tan Suang Sin: Universiti Tunku Abdul Rahman, Faculty of Business and Finance
Arunagiri Shanmugam: AIMST University, Faculty of Business and Management
Nagenthiri Mohan: AIMST University, Faculty of Business and Management

A chapter in Proceedings of the 11th International Conference on Business, Accounting, Finance and Economics (BAFE 2023), 2023, pp 169-183 from Springer

Abstract: Abstract Despite being considered a safe haven against inflation, gold investment does not generate regular income, such as dividends or interest. Being heavily reliant on capital gains, gold investment can be considered a risky investment. Yet, the demand for physical gold remains robust among Malaysians. There is confusion about whether the investment decision is based on saving or consumption. Thus, this study was conducted to explore the influence of saving habits, spending habits, and financial literacy on gold investment risk behaviour. Financial literacy was included due to its importance in personal financial planning. The findings of this study can verify the interrelations of saving, consumption and investment in the Keynesian investment theory. A convenient sampling approach was employed. A total of 149 working adults in Perak participated in the online survey. SPSS statistics version 26 was used for Pearson’s correlation and multiple linear regression analyses. The regression results show that respondents who prefer to invest in risky investments are more financially literate and have a higher tendency to spend. The findings of this study support the fact that investment is made by people who want to save for future consumption.

Keywords: Gold Investment; Risk Behaviour; Saving Habits; Spending Habits; Financial Literacy (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-342-9_13

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DOI: 10.2991/978-94-6463-342-9_13

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