Depends on the purpose of buying. If you have safe deposit box and dun mind carrying the physical gold, buy and just deposit without breaking open the plastic bag seal. When intending to sell, just bring it back to UOB.
Otherwise, just pay a little more and annual fees to buy gold certificate.
How about "None of the Above"? If you want a little bit of gold jewelry because you (or someone you are fond of) thinks gold is a pretty metal to look at, and if you can afford that bit of luxury, great! Otherwise, I don't see the point.
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