Buying Gold using CPF...

[siewhf]

Can anyone advise how can we buy Gold using our CPF ?

Thanks.

 

[kehyi4]

Can anyone advise how can we buy Gold using our CPF ?

Thanks.

here you go: https://www.cpf.gov.sg/members/schemes/schemes/optimising-my-cpf/cpf-investment-schemes

not good enough? ok, let me extract the relevant details:

---
In addition, you can only invest your OA savings up to 35% and 10% of your investible savings* in stock and gold respectively, also known as the stock and gold limits. You may refer to the example (PDF, 0.1MB) on the computation of the stock and gold limits.
---
You can use your CPF savings to invest in the following investment products (PDF, 0.3MB).
---
Up to 10% of investible savings (PDF, 0.1MB) can be invested in:
* Gold ETFs  Only SPDR Gold Shares is included.
* Other Gold products (such as Gold certificates, Gold savings accounts, Physical Gold)
- Please approach UOB for the list of gold products offered.
- Note: Your Investment Account must be opened with UOB.

 

[JeffLKS]

Hi all, what does the amount on my 35% stock limit and gold limit means?

Do those indicates how much I've invested?

 

[makav31i]

Hi all, what does the amount on my 35% stock limit and gold limit means?

Do those indicates how much I've invested?

If you login to CPF you can actually how much you can invest in Stocks or Gold...They put down the dollar value you can invest...

"You can invest your CPF savings under the CPF investment Scheme- OA (CPFIS-OA) after setting aside $20,000 in your OA. Likewise for CPF Investment Scheme – SA (CPFIS-SA), you will need to set aside $40,000 in your SA.

In addition, you can only invest your OA savings up to 35% and 10% of your investible savings* in stock and gold respectively, also known as the stock and gold limits."

Go and read the FAQ from CPF...It already answer whatever you want to know...

 

[Aion99]

But Gold ETF can be considered a stock? so it can be also under the 35% limit? Generally an ETF usually fall under stock catergory, as it is listed with SGX and can be directly bought online from local brokers platform.

 

[makav31i]

But Gold ETF can be considered a stock? so it can be also under the 35% limit? Generally an ETF usually fall under stock catergory, as it is listed with SGX and can be directly bought online from local brokers platform.

CPF clearly state that your 10% in Gold can only be used to purchase SPDR Gold ETF or UOB Gold products...Just read the FAQ and all the information is there for you...

https://www.cpf.gov.sg/Assets/members/Documents/CPFISInvestmentProducts.pdf

 

[jasonho26]

very easy. Go to UOB website and apply CPFIA account online. make sure u have cpf online account with 2FA for login. UOB will link to CPF account and retrieve the info directly and u need just to click few more info to complete the applications.