Collecting Gold and Silver coins

[goldsilvercity]

I don't know about the rest but I can't bear to sell any of my precious collection (be it gold or silver). I bought them because I like them. I am nearing 50 and thus the kick bucket scenario is very real for me. That is one reason why I stopped buying tubes of silvers and restrain to only two pieces per design now.....

same same. i also cannot bear to sell my own personal collections...
its so nice to see, how to let go

 

[makav31i]

I think most, if not all, agree that Gold is more liquid than Silver in SG. My earlier question was whether the current liquidity of Silver, with buy-back options at the dealers, is sufficient for one to consider buying into Silver, especially given its higher premiums compared to Gold.

If you pay more premium percentage wise when buying silver as compared to gold, if the spot price of gold and silver increase or decrease by the same percentage, which do you think would be a better buy?I have not even mentioned about storage issue, liquidity issue and tarnishing for silver...

 

[wintersonata1234]

Thinking of buying silver on UOB ..is this best platform for paper silver? what is the downside? tks

 

[alexchia01]

Thinking of buying silver on UOB ..is this best platform for paper silver? what is the downside? tks

Yearly Fee

 

[Bedokian]

Thinking of buying silver on UOB ..is this best platform for paper silver? what is the downside? tks

Yearly Fee

Agree with alexchia01. Maybe can try SLV ETF from NYSE ARCA?

 

[juelim]

Anyone purchase PM from Indigo Precious Metals before?

They require full payment before you can go down to collect or pay for shipment.

 

[makav31i]

Anyone purchase PM from Indigo Precious Metals before?

They require full payment before you can go down to collect or pay for shipment.

I saw this in some of their products description, "GST is Applicable on this product in Singapore"... I just checked on IRAS website using their company name and business registration number found on their website, they are not a GST-registered business...So if anyone who bought from them and had to pay 7% GST, please report this company to the authorities...

 

[bakuten]

I saw this in some of their products description, "GST is Applicable on this product in Singapore"... I just checked on IRAS website using their company name and business registration number found on their website, they are not a GST-registered business...So if anyone who bought from them and had to pay 7% GST, please report this company to the authorities...

Yeah. Don't let these unscrupulous dealers spoil the PM name.

 

[juelim]

The registered company is IPM Group Pte. Ltd.

 

[makav31i]

The registered company is IPM Group Pte. Ltd.

The business registration number as shown on their website is 201428070N... Please run a search here on IRAS website and tell me if the above company is a GST-registered company...

https://mytax.iras.gov.sg/ESVWeb/default.aspx?target=GSTListingSearch

 

[makav31i]

So please tell me if the company is a GST-registered company or not?If it is not a GST-registered company, how is "GST is Applicable on this product in Singapore"?

Please read here...
https://www.iras.gov.sg/IRASHome/GS...egistering-for-GST/Charging-and-Claiming-GST/

It specifically states that, "Only GST-registered businesses are allowed to charge and collect GST on the goods and services they provide."

Edit: One thing to add, Baird and Co is not in the LBMA list of good delivery bars...so the bar would incur GST if you place an order from overseas which is above $400 and it ships to Singapore...However, if the item is already in Singapore, the non-GST registered company cannot anyhow charge you 7% GST or collect any GST which it had paid when importing the non-GST exempted products... If the business is GST registered, they would not have to pay GST for importing the non-GST exempted precious metals and would collect on behalf of IRAS the 7% GST from the customer...

 

[FreedomAngelz]

Looking to buy the following from open market if anyone wish to offload:

1) CML Platinum 1 oz - S$1300
2) Gold Britannia 1 oz (2015/2015) - $1550

 

[decibels]

Any expert can help me ? Recently my ah gong pass me a qing dynasty coins (大清银币） with a fierce looking dragon behind(宣统三年). Issit worth alot ??

 

[FreedomAngelz]

Any expert can help me ? Recently my ah gong pass me a qing dynasty coins (大清银币） with a fierce looking dragon behind(宣统三年). Issit worth alot ??

I have it also.....not sure of the current market value but rest assure that its not worth thousands or millions.

 

[decibels]

I have it also.....not sure of the current market value but rest assure that its not worth thousands or millions.

ya i know just curious on how much value it has right now

hope some expert can advise

 

[Altima]

Looking to buy the following from open market if anyone wish to offload:

1) CML Platinum 1 oz - S$1300
2) Gold Britannia 1 oz (2015/2015) - $1550

Might have a 2015 1oz gold Britannia for sale. Will let you know when it arrives.

But your asking price for platinum is below current spot bro.

 

[makav31i]

ya i know just curious on how much value it has right now

hope some expert can advise

a picture would help...

 

[foxer77]

Any expert can help me ? Recently my ah gong pass me a qing dynasty coins (大清银币） with a fierce looking dragon behind(宣统三年). Issit worth alot ??

if it geninue worth at least 200 sg or above.need some pic.

 

[foxer77]

this dragon coin too many fake, some even use same silver contain to made them until cant tell through weight . normally weight around 26.7gm

is it a 1911 dragon 1 dollar?

 

[whay888]

Any expert can help me ? Recently my ah gong pass me a qing dynasty coins (大清银币） with a fierce looking dragon behind(宣统三年). Issit worth alot ??

If graded may cost even more. Can check here, good luck:

http://www.pcgsasia.com/Price/ChineseCoins?l=en