Buy gold using CPF?

[castafarian]

Hi folks,

Anyone bought gold using CPF?
Just checked my CPF account, and found that a portion of my "investable" OA money is only available for gold?

How ah???

 

[Epps_Sg]

Only 10% of your CPF-OA is available for investment in gold, and one way is to buy the Gold ETF from SGX (symbol O87). If you need to own more than 10% in gold...use cash

 

[stjoe1]

if we buy etf gold using cpf, is itn't consider as stock, not gold? thought gold only can use UOB gold account?

 

[makav31i]

if we buy etf gold using cpf, is itn't consider as stock, not gold? thought gold only can use UOB gold account?

Gold ETF and other gold products like UOB Gold Savings Account is limited to 10%...

UOB : UOB CPF Investment Account