Proceedings of the 11th International Conference on Business, Accounting, Finance and Economics (BAFE 2023)

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

Authors
Tan Suang Sin1, *, Arunagiri Shanmugam2, Nagenthiri Mohan3
1Faculty of Business and Finance, Universiti Tunku Abdul Rahman, Petaling Jaya, Malaysia
2Faculty of Business and Management, AIMST University, Petaling Jaya, Malaysia
3Faculty of Business and Management, AIMST University, Petaling Jaya, Malaysia
*Corresponding author. Email: tanssin@utar.edu.my
Corresponding Author
Tan Suang Sin
Available Online 31 December 2023.
DOI
10.2991/978-94-6463-342-9_13How to use a DOI?
Keywords
Gold Investment; Risk Behaviour; Saving Habits; Spending Habits; Financial Literacy
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.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 11th International Conference on Business, Accounting, Finance and Economics (BAFE 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2023
ISBN
10.2991/978-94-6463-342-9_13
ISSN
2352-5428
DOI
10.2991/978-94-6463-342-9_13How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Tan Suang Sin
AU  - Arunagiri Shanmugam
AU  - Nagenthiri Mohan
PY  - 2023
DA  - 2023/12/31
TI  - Gold Investment Risk Behaviour of Working Adults in Perak: An Exploratory Study
BT  - Proceedings of the 11th International Conference on Business, Accounting, Finance and Economics (BAFE 2023)
PB  - Atlantis Press
SP  - 169
EP  - 183
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-342-9_13
DO  - 10.2991/978-94-6463-342-9_13
ID  - Sin2023
ER  -