Buying Gold from UOB

[Aikiash]

I am looking at buying physical gold from UOB.

What is the difference between Bullion Coins, Pamp Bars, Pamp Bars with Hook, UBS Gold Kinebar, UBS Gold Lunar Kinebar?

 

[cherry6]

UOB Gold and Silver Prices

I am looking at buying physical gold from UOB.

What is the difference between Bullion Coins, Pamp Bars, Pamp Bars with Hook, UBS Gold Kinebar, UBS Gold Lunar Kinebar?

Coins vs bars.. made by different factories in different countries... otherwise I dunno.

All don't need to pay GST.

UOB : Precious Metals

Gold and Silver Prices
United Overseas Bank Limited . Far Eastern Bank Limited
Rates as at 09 November 2012
Description Currency Unit Bank Sells* Bank Buys
CAST BARS
SGD 1 KILOBAR 68438.00 68198.00
GOLD CERTIFICATE
SGD 1 KILOCERT 68438.00 68238.00
GOLD SAVINGS A/C
SGD 1 GM 68.44 68.24
GOLD BULLION COINS
SGD KILOCOIN (GNC) 68884.00 68581.00
SGD 10 OZ (GNC) 21702.00 21391.00
SGD 2 OZ (GNC) 4383.00 4283.00
SGD 1 OZ 2214.00 2144.00
SGD 1/2 OZ 1144.00 1075.00
SGD 1/4 OZ 596.00 541.00
SGD 1/10 OZ 259.00 219.00
SGD 1/20 OZ (GNC,SLC &GML) 165.00 115.00
PAMP GOLD BARS
SGD 100 GM 6993.00 6824.00
SGD 50 GM 3541.00 3412.00
SGD 20 GM 1465.00 1365.00
SGD 10 GM 777.00 682.00
SGD 5 GM 435.00 341.00
SGD 2.5 GM 256.00 171.00
SGD 1 GM 153.00 68.00
SGD 1 OZ 2224.00 2123.00
SGD 1/2 OZ 1160.00 1061.00
PAMP GOLD BARS WITH HOOK
SGD 20 GM 1493.00 1378.00
SGD 10 GM 801.00 693.00
SGD 5 GM 453.00 352.00
SGD 2.5 GM 273.00 182.00
SGD 1 GM 160.00 76.00
SGD 1 OZ 2256.00 2136.00
SGD 1/2 OZ 1189.00 1075.00
UBS GOLD KINEBARS
SGD 20 GM 1482.00 1365.00
SGD 10 GM 775.00 682.00
SGD 5 GM 423.00 341.00
SGD 2 GM 211.00 136.00
SGD 1 GM 139.00 68.00
SGD 1 OZ 2254.00 2123.00
UBS GOLD LUNAR KINEBAR
SGD 10 GM 778.00 682.00
PLATINUM COINS
SGD 100 GM (OBLONG) - 4244.00
SGD 10 OZ (OBLONG) 17096.00 13202.00
SGD 1 OZ (COIN) 1768.00 1320.00
SGD 1 OZ (OBLONG) - 1320.00
PLATINUM KOALA BULLION
SGD 1 OZ 1738.00 1438.00
SILVER PASSBOOK ACCOUNT
SGD 1 OZ 39.88 39.23

Copyright © 2010 United Overseas Bank Limited Co. Reg. No. 193500026Z. All Rights Reserved.

 

[elliotreble]

why uob? does uob have the most attractive deal?

 

[henrylbh]

why uob? does uob have the most attractive deal?

Prices transparent and very easy to transact. Spread between buying and selling prices reasonable. Only got to pay annual admin fee.

 

[makav31i]

Prices transparent and very easy to transact. Spread between buying and selling prices reasonable. Only got to pay annual admin fee.

Admin fees is for gold certificate and Gold Savings Account and Silver Savings Account. Physical gold no admin fees.

What are the charges for GSA?
The administrative charge for GSA is the higher of:

- 0.12 grams of gold per month,
- 0.25% per annum on the highest monthly gold balance,

For example,
(a) if you are holding 100 grams of gold throughout a year the administrative charge is the higher of:
- 0.12 X 12 = 1.44 grams
- 0.0025 X100 = 0.25 grams

The annual administrative fee for 100 grams is 1.44 grams of gold.

(b) If you are holding 1,000 grams of gold for a year the administrative charge is the higher of:
- 0.12 grams of gold per month,
- 0.25% per annum on the highest monthly gold balance,

The annual administrative fee for 1000 grams is 2.50 grams of gold.

The actual gold quantity deducted from your account at the end of the year will be slightly more than those calculated above, due to Goods & Services Tax (GST) incurred.

The administrative fee is accrued monthly and debited from the account annually, beginning in January every year or upon closure of account. For account closure, the administration fee is chargeable on a pro-rata basis.

What are the charges for SSA?
The administrative charge for SSA is the higher of:
- 0.2 ounces per month
- 0.375% per annum on the highest balance per month

For example:
(a) If you are holding 10 ounces of silver throughout a year, the administrative charge is the higher of:

- 0.2 X 12 = 2.4 ounces
- 0.00375 X 10 = 0.0375 ounces
The annual administrative fee for 10 ounces is 2.4 ounces of silver.

(b) If you are holding 1,000 ounces of silver throughout a year, the administrative charge is the higher of:

- 0.2 X 12 = 2.4 ounces
- 0.00375 X 1000 = 3.75 ounces
The annual administrative fee for 1,000 ounces is 3.75 ounces of silver.

The actual silver quantity deducted from your account at the end of the year will be slightly more than those calculated above, due to the GST incurred.

The administrative fee will be accrued monthly and debited from the account annually, beginning in January every year or upon closure of account. For account closure, the administration fee is chargeable on a pro-rata basis.

For gold certificate it is $36/kilo per year and with the removal of GST, you pay the same price as a physical kilo bar and Gold certificate with the only difference that you don't need to pay the annual fees to the bank if you took physical gold.

 

[teacuppig]

I have the same question as well. which is more valuable? bullion coins or pamp bars?

 

[Slowdown]

It depends on your purpose of buying them. If your objective is to sell them when gold price appreciate, then buy the one that is the cheapest for the same weight. If your objective is to buy for collection purpose, then buy different type of coins by studying more about them. At night you can hold them and say 'Oh my precious'.

I have the same question as well. which is more valuable? bullion coins or pamp bars?

 

[teacuppig]

Thank you!

 

[Panerex]

It depends on your purpose of buying them. If your objective is to sell them when gold price appreciate, then buy the one that is the cheapest for the same weight. If your objective is to buy for collection purpose, then buy different type of coins by studying more about them. At night you can hold them and say 'Oh my precious'.

agreee on this too..."buy the one that is the cheapest for the same weight"

 

[Yorixz]

This is more of keeping savings as gold

 

[tiny]

It depends on your purpose of buying them. If your objective is to sell them when gold price appreciate, then buy the one that is the cheapest for the same weight. If your objective is to buy for collection purpose, then buy different type of coins by studying more about them. At night you can hold them and say 'Oh my precious'.

 

[archon75]

Now a day, young people so savvy can just do a internet search lah

From Wiki:
The Australian Gold Nugget is a gold bullion coin minted by the Perth Mint. The coins have been minted in denominations of 1/20 oz, 1/10 oz, 1/4 oz, 1/2 oz, 1 oz, 2 oz, 10 oz, and 1 kg of 24 carat gold. They have legal tender status in Australia and are one of few legal tender bullion gold coins to change their design every year, another being the Chinese Gold Panda. This and their limited annual mintage may, unlike for many other bullion coins, raise their numismatic value over the value of gold used.
The Gold Nugget series was introduced in 1986 by the Gold Corporation, a company wholly owned by the government of Western Australia. This issue of coins had two unique features: a "two-tone" frosted design effect, and individual hard plastic encapsulation of each coin. These features were unusual for a standard bullion coin and gave the Nugget a unique market niche.
From 1986 to 1989, the reverse of these coins pictured various Australian gold nuggets. With the 1989 proof edition, the design was changed to feature different Kangaroos, a more world-recognized symbol of Australia. The coins are today sometimes referred to as "gold kangaroos".
In 1991, 2 oz, 10 oz, and 1 kilogram sizes were introduced. These were created with the intention of using economies of scale to keep premiums low, and are some of the largest gold coins ever minted. In 1992, the face values on these large coins were lowered to keep them proportional to the 1 oz coin. The reverse of these coins does not change annually like the lower denominations; the same "red kangaroo" design is used every year.
In October 2011, the Perth Mint created a one tonne gold coin, breaking the record for the biggest and most valuable gold coin, previously held by the Royal Canadian Mint.[1] The coin is approximately 80 centimetres (31 in) in diameter and 12 centimetres (4.7 in) thick. It features a red kangaroo on the front of the coin and a portrait of Queen Elizabeth II on the reverse. The face value of the coin is A$1 million, but at the time of minting it was valued at over A$53 million.[2]
The Australian Gold Nugget coins should not be mistaken for The Australian Lunar Gold Bullion coins. Both coins are minted by Perth Mint and have .9999 purity, but Lunar coins use images of different animals from the Chinese calendar instead of the kangaroo.


Critical point - Coins from Perth Mint (owned bby Western Australia Gov)
Legal Tender Notes - protection from LAW

 

[Oo Fencer oO]

Hey all, i noticed that the UOB gold price page do not list the 1oz bullion coins as GNC/GML.

Who is the issuer of the 1oz coins? Sg gov?
Is it better to buy the 2oz GNC (i'm considering the international liquidity of a GNC vs SG gov issued coin)

 

[Oo Fencer oO]

Ok never mind, i just went to UOB.
They have GNC and GML for 1oz coins