Investing in Gold

[myth_shenhua]

For UOB physical gold, do they only buy UOB sealed gold or can I purchase from another bullion in Singapore?

 

[dappermen]

gold - gd? u sure:

https://www.businesstimes.com.sg/go...utm_source=telegram&utm_medium=social-organic

 

[armourshrimp]

How to sell ah?

after buy 1 ounce to try, unable to sell away

Can sell. Need to go into your account. Then press on your precious metal account. The sell/buy button is below

 

[Andrew833]

For UOB physical gold, do they only buy UOB sealed gold or can I purchase from another bullion in Singapore?

UOB only buy back UOB gold they sold. Gold brought from other places, cannot sell thru UOB.

 

[SiGendut]

hello

anyone here know where's the best place to sell numismatic gold coin directly to collectors in S'pore ?

I know 1 shop in Clarke Quay, another 1 in Millenia Walk, there is another one in Chinatown.
Buy back price usually almost the same, as for selling price more or less they have 5.x% spread for 1oz but sometimes they got promo, can get cheaper spread.

 

[napoleon bohlumpar]

I know 1 shop in Clarke Quay, another 1 in Millenia Walk, there is another one in Chinatown.
Buy back price usually almost the same, as for selling price more or less they have 5.x% spread for 1oz but sometimes they got promo, can get cheaper spread.

my coin is selling like 20-30% higher than spot price leh elsewhere................can sell on ebay ?

 

[Abcismyname]

Is OCBC precious metal account a good account to purchase gold or invest in gold?

 

[dappermen]

The trend now:

https://seedly.sg/posts/does-your-i...f-or-the-actual-gold-bar/?utm_source=facebook
i would rather hold cash to gold!

 

[dappermen]

those who believed in when stocks are down, gold a gd hedge? (Some may assumed bonds too, a gd hedge?)
https://markets.businessinsider.com...xJJCQrAHUNBBW6nyKsMc648emS7VHptLddYn8aIiP8ymUhttps://markets.businessinsider.com/commodities/gold-pricesorry to say~ a fallacy!

• Gold has traditionally been seen as an inflation hedge and a haven during times of economic uncertainty.
• But despite high inflation and growing fears of a recession, gold has fallen 15% since early March and is down 5% year to date.

What then

has outperformed gold in its traditional role as an inflation hedge and recession haven?​

 

[Iink1509]

Uob physical gold coins sold out online, only got some bars left. Anyone know if we can get it at main branch in raffles places?

I remember I read somewhere that the uob in the airport sells physical gold, not sure if I remember correctly.

 

[archon75@]

For UOB physical gold, do they only buy UOB sealed gold or can I purchase from another bullion in Singapore?

They only buy back their own UOB gold. The package must be intacted

 

[archon75@]

those who believed in when stocks are down, gold a gd hedge? (Some may assumed bonds too, a gd hedge?)
https://markets.businessinsider.com...xJJCQrAHUNBBW6nyKsMc648emS7VHptLddYn8aIiP8ymUhttps://markets.businessinsider.com/commodities/gold-pricesorry to say~ a fallacy!

• Gold has traditionally been seen as an inflation hedge and a haven during times of economic uncertainty.
• But despite high inflation and growing fears of a recession, gold has fallen 15% since early March and is down 5% year to date.

What then

has outperformed gold in its traditional role as an inflation hedge and recession haven?​

Fast forward 2 quarters, gold seem to have some mileage now

 

[lordofshanghai]

Anyone investing in gold or precious metals like silver now?

 

[DevilPlate]

They only buy back their own UOB gold. The package must be intacted

Need receipt as well….i make photocopies lol

 

[DevilPlate]

Anyone investing in gold or precious metals like silver now?

Right now No….not buying at today’s price

 

[Shahmatt]

Anyone investing in gold or precious metals like silver now?

Because the FED will not do the right thing and raise interest rates, we can expect permanent QE.

So gold and silver at these prices are cheap. Better buy now than later.

Prices should increase dramatically such that whether you get it at 2600USD/Oz or 2400USD/Oz, it won't really matter.

 

[lordofshanghai]

Thinking to enter, and yea the prices are really quite high from the start of the year.
Even for sliver

 

[sohguanh]

Thinking to enter, and yea the prices are really quite high from the start of the year.
Even for sliver

You can pay USD 5 to buy GLD at US exchanges which support fractional. For silver can buy from OCBC precious metals as it's minimum go by weight of 0.01 oz. Silver 0.01 oz is about SGD 40 cents? With such low minimum you can do daily DCA. But I do agree both gold and silver have gone up. Based on past history silver is more up and down vs gold so maybe silver will fallback and you can enter?

 

[lordofshanghai]

You can pay USD 5 to buy GLD at US exchanges which support fractional. For silver can buy from OCBC precious metals as it's minimum go by weight of 0.01 oz. Silver 0.01 oz is about SGD 40 cents? With such low minimum you can do daily DCA. But I do agree both gold and silver have gone up. Based on past history silver is more up and down vs gold so maybe silver will fallback and you can enter?

Sounds good, shall explore into OCBC. Thanks !