Trade gold online singapore
I am largely with Trade gold online singapore on this. Any investment returns are likely to be speculative in nature. Basically, I see bullion as an alternative currency to hard currencies which include our Sing Dollar. Look, I definitely believe in the strength of our currency and the resilience of the country.
After all, no one can guarantee that our good life will carry on indefinitely for the next 50 years. Perhaps you would also be less sanguine after reading more about the plight of the Rohingyas and the humanitarian crisis in Syria. So yes, I am looking to build up a small portfolio of alternative currency.
And gold is one of these currencies. As the quantum decreases, the spread increases. Although one would have to pay a slightly higher price for the 50 Gram gold bar from UOB, the higher buyback price more than makes up for it.
Otherwise, UOB will not buy back the gold. Physical gold and paper gold are now an integral part of our portfolio. And with an increased asset base, instead of looking at 50 gram gold bars, I am more keen on gram gold bars due to a lower spread. The UOB plastic seal is interestingly new to me though. In the past, they never had that plastic seal so I could have brought a bullion gold coin that I bought from someone else to UOB and they would still buy it back.
The requirements on receipts were not strictly enforced at that time as well. My prefered bullion gold of choice would be the Australia Kangaroo Nugget coins as they have a different coin design each trade gold online singapore and that increases the rarity of the coin. A few years ago, there were many factors that helped pushed gold prices trade gold online singapore. Federal interest rates, US currency, China, etc. Now, everything is trade gold online singapore reverse. The new Pandas from China are getting off troy ounces and moving to grams.
Gold is crises metal. Crises will come againturst me. That is when gold will soar. We are Chinese, we trade gold online singapore gold. WB will one day be humble. That day I think is near. I agree that gold is a kind of universally accepted currency, even better than USD or what. Of trade gold online singapore I guess bullion is more accepted as compared to jewellery that can be much more subjective. Since the physical market is not always representative of the commodities market.
Think for jewellery, there is a big premium paid for the worksmanship and when one sells or pawn it, much of that value is lost.
Your take on demand and supply of gold in a time of crisis is interesting. For me, I am just thinking that if one day paper currencies are no longer accepted, the demand for physical bullion for transaction would increase much faster than the supply? It is not as liquid trade gold online singapore you think. Think about it, will ppl want your gold more or food more when economic situation is very dire. Lastly, people tend to overlook the opportunity cost that comes in holding hard physical gold be it in whatever forms.
Some alternativd perspective for your consideration. My humble view is that even in dire circumstances, the human desire to store some form of wealth would still be present.
History has also shown that in difficult times, people are willing to use gold as a medium of exchange. Nonetheless, I am not holding and not intending to hold alot of it. Just a small percentage more as a hedge and insurance. Thank for sharing your insights in this article!
I am keen to buy gold, but was just wondering, after you buy them, where did you store them? Hi Just to add. I have been buying gold jewellery to wear and am told by pawn shops trade gold online singapore they will buy back jewellery or bars at the same gold price.
My principle is this — at least I enjo the jewellery rather than just keeping the gold bars in a safe. Also you would have to pay for the safe.
And keeping gold at home is not that safe. Since keeping gold jewellery at home is deemed safe, keeping gold bars at home trade gold online singapore not be more dangerous?
I really have no idea! I am not sure if they sell at a cheaper price than UOB. UOB is attractive to me as they have a buyback price and the spread is reasonable to me. Never, never buy from pawnshops. Their spread is the worst of all. There are so many bullion stores you can purchase from. Is it a good time trade gold online singapore buy now?
Your car is a liability unless you use it to make money like Uber. Most of us buy gold as a long term investment comparing to putting the spare cash in FD or saving. I think you may be on to something about buying physical gold.
See the Keiser report episode the interview with Sandeep Jaitley about owning physical gold. Yes, I would think they can be sold as easily as other gold coins. Last year someone told me to start investing in gold because of the foreseeable weakening global economy that would be coming.
So I decided not to go ahead. Until today I am still wondering if I had trade gold online singapore the right decision but I trade gold online singapore myself that there is trade gold online singapore no hurry to part with my money.
In fact, with inflation, the value will decrease. Planning to buy 1kg silver coins, 1 and 10 oz gold bar. Any take on it? Before you decide to invest in gold or silver, you need trade gold online singapore ask yourself a very sensitive and reasonable question: Why I say that? An alternative is to buy gold jewellery from pawnshops, without GST and without workmanship.
Can wear and can look great. But only buy gold minimum. Even now, more and more goldsmith shops are not charging workmanship. I only regretted not to buy gold when during the mid s. I think they would likely be accepted by other institutions but the prices could be different.
Gold is NOT an investment lads…. It pays no return because trade gold online singapore has no risk, its gold. The only thing then left is gold. From what I read on their website, it appears so. Hi I just want to know if i buy the gold from uob will the other shops like poh heng for example buy it back at the same price that they are selling or will it be lower??
I want to buy physical in the near future. I have been hesitating between UOB and Bullionstar. My target is mulitple g gold. Any comment or advise? I think either option should work well enough. Although, maintaining the seal and receipt is quite an inconvenience. I had purchased from UOB which the transaction was pretty fast. Trade gold online singapore aiming for 1kg by end of Dec as it is more cost effective than multiple g.
I am just puzzled by the gold price heading south. My assumption is once dear Trump officially took office and sure have lots of complications and that trade gold online singapore time for Gold to fulfill its potential. Is my thinking too 1 dimension or naive? I will be honest and admit that I have no idea what is the short term direction of gold prices. I trade gold online singapore just purchasing it as a hedge and using it as part of a permanent portfolio.
Just that I am single and do not have any liabilities… I realised that you always have high EQ to ans and respond to comments; this is something I wan to learn from u: May I offer you a humble tip of mine: That will be a clear indicated who should you purchase from. This information exclude the rest of the other concerns. I thought so too. Sometimes I am just too navie….