Thread: 30K Investment
View Single Post
Old 11-01-2013, 12:38 PM   #22
cherry6
Supremacy Member
 
cherry6's Avatar
 
Join Date: Jan 2007
Posts: 7,124
Smile Gold price (UOB) in SGD

Please lah, the CPI stats is produced by the very ppl who cause inflation. You must be damn naive to believe the inflation figures.

Its a open secret that CPI is many times lower than real inflation. You want real inflation figures, go MAS website, see M1 money supply since 2000. In last 12 years, SGD has lost 75% of value.
Oki, for the record, these are today's gold prices in SGD
We return in 1 yr or so and see how much gold costs then, whatever gains made would be profit, losses = tuition fees... fair?

Gold and Silver Prices
Source: UOB Precious Metals
United Overseas Bank Limited . Far Eastern Bank Limited
Rates as at 11 January 2013
Description Currency Unit Bank Sells* Bank Buys
CAST BARS SGD 1 KILOBAR 66082.00 65842.00
GOLD CERTIFICATE SGD 1 KILOCERT 66082.00 65882.00
GOLD SAVINGS A/C SGD 1 GM 66.08 65.88
GOLD BULLION COINS SGD
KILOCOIN (GNC) 66511.00 66206.00
SGD 1 OZ 2138.00 2068.00
SILVER PASSBOOK ACCOUNT SGD 1 OZ 37.98 37.33
__________________
As punctually as Sun rises, God's Love shines brightly over all Creation, at all times of a day.

Last edited by cherry6; 11-01-2013 at 02:22 PM..
cherry6 is offline   Reply With Quote