Phyiscal Gold

[henrylbh]

Hi guys
My 80 year old in-law want to buy 10 5gm & 10 10gm gold bars to give her children and grandchildren as a souvenirs.should I get from UOB or better price at other shops
Thanks

I think most would prefer cash than gold bars.

 

[chopra]

Yes, that’s my main worry.

While I know I can easily buy physical gold from these sources (UOB, SG Coins, GSC), I am unsure if these are the sources whom I can sell back to. Also, if these sources (other than UOB) are reliable enough parties that will still be around 10-15 years down the road.

And will UOB take in a gold bar that was purchased from GSC?

And of course, the bid-ask spread when these sources take in. Imagine, you are expecting to realize the profit only to know the sources do not take in near spot gold prices!!!

While gold jewellery can be easily sold back to jewellery and pawn shops, I know the bid-ask spread for buy-in is terrible. Nonetheless, at least it is an ornament that can be carried around.

In a way, Gold ETF and Unit Trust appear more liquid relatively as compared to the physical gold.

Sorry for my rant. I am in dilemma where I want to invest in Gold but not sure of the channels to opt for.

It's not a rant, don't worry.
your worry is valid and you should do your homework first. many buy without planning the EXIT STRATEGY.

I have listed a few options as shown in one of the quotes above. excluded etf as I don't believe the fund manager has anything to do to maintain the porkfolio. shareholders pay him to guard the goldbars har?

 

[chopra]

I think most would prefer cash than gold bars.

this is something different altogether.
not an investment but a momento.

a bit personal -- my ah ma asked the same thing last yr. I told her to go for physical gold.