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Buying Gold/Silver in Singapore

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JR8
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Postby JR8 » Fri, 01 Nov 2013 11:14 pm

I'm not at liberty to comment.

QED.

Fagoula
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Postby Fagoula » Wed, 09 Jul 2014 7:13 am

I am Knew on this forum and not sure to ask in the right topic. Anyway, I want to buy some gold and i heard about a storage solution in Singapore.

http://www.goldsingapore.com/storage/

And more especially a "Freeport" which should be serious ?

http://www.singaporefreeport.com/

Does anyone know and use this kind of services ?

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PNGMK
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Postby PNGMK » Wed, 09 Jul 2014 9:18 am

Buy it from the UOB exchange counter in T1/T2/T3 when you leave Singapore. GST free based on a spot prices. They sell 20G,100G, 1/2 ounce and 1 ounce sizes. ONly available during business hours (9 to 5, M - F).

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rajagainstthemachine
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Postby rajagainstthemachine » Wed, 09 Jul 2014 9:43 am

the lynx wrote:
PNGMK wrote:I usually buy a 1/2 ounce, swallow and shit it out when I get back.


You've got to be kidding me!


I thought you ended up at an indian airport wearing a lot of gold jewellery and looking rich :cool:
To get there early is on time and showing up on time is late

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taxico
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Postby taxico » Thu, 31 Jul 2014 12:56 am

Fagoula wrote:I am Knew on this forum and not sure to ask in the right topic. Anyway, I want to buy some gold and i heard about a storage solution in Singapore.

http://www.goldsingapore.com/storage/

And more especially a "Freeport" which should be serious ?

http://www.singaporefreeport.com/

Does anyone know and use this kind of services ?


i've been hoarding bullion for more than 10 years (more than 15 i think?) - back then there were no freeport/swiss precious metals or other specialist IPM storage companies and GST of 3% was still payable...

how much physical gold are you storing? if you're talking about a few handfuls of american gold eagles... i would keep them at home in a securely bolted and locked safe.

if you're talking about many many kilos... i use a regular safe deposit box that can hold what i want to put in it. depending on size, each box is a few hundred bucks a year and i keep other personal stuff on top of the gold.

for some ridiculous reason i prefer having a box that is on the lowest tier - if you have a specific requirement you need to ask and see if the centre can make it happen for you.
Aut viam ad caelum inveniam aut faciam

missyqiqi
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Re: Buying Gold/Silver in Singapore

Postby missyqiqi » Thu, 21 Jun 2018 12:50 pm

goods news is there is no more GST on gold and silver.
i myself buy from bullion shops. there are few available, can just google for it.
usually i tend to buy from gold silver bullion in singapore

but to be honest, i have lots of silver bars and i realised it takes up quite a lot of space in my safe.
maybe i gonna try gold instead

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Re:

Postby missyqiqi » Thu, 21 Jun 2018 12:54 pm

taxico wrote:for some ridiculous reason i prefer having a box that is on the lowest tier - if you have a specific requirement you need to ask and see if the centre can make it happen for you.


why lowest tier?

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Strong Eagle
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Re: Re:

Postby Strong Eagle » Thu, 21 Jun 2018 10:32 pm

missyqiqi wrote:
taxico wrote:for some ridiculous reason i prefer having a box that is on the lowest tier - if you have a specific requirement you need to ask and see if the centre can make it happen for you.


why lowest tier?


It's a four year old post, Missy.

missyqiqi
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Re: Buying Gold/Silver in Singapore

Postby missyqiqi » Sun, 09 Sep 2018 6:44 pm

Strong Eagle wrote:It's a four year old post, Missy.


oh right.
anyone bought silver? i read just today that silver is very low now...
i am more on buying silver on paper, not the physical silver as I do not have a safe place at home to keep

archcherub
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Re: Buying Gold/Silver in Singapore

Postby archcherub » Wed, 12 Sep 2018 4:30 pm

missyqiqi wrote:
Strong Eagle wrote:It's a four year old post, Missy.


oh right.
anyone bought silver? i read just today that silver is very low now...
i am more on buying silver on paper, not the physical silver as I do not have a safe place at home to keep


i bought silver coins and silver bars from this lady boss.
whether paper silver or physical silver, my advice is... do not. unless u really have a large portfolio and u really need to diversify into some metals.

why? my opinion is that metals does not do anything. it is not productive and does not pay dividends. you are better off with your stocks divsified into lower risk stocks, or bonds, or hold cash (that be used).
gold is welcome by people as it is shiny. silver, not really useful as jewellery, it is so much cheaper though.

i bought silver bullion as the price was very low too, but i regret.. it is sitting down now doing nothing. to be fair, if u want to diversify out of stocks, then maybe its good. but i say most of us common folks with portfolio less than $10m, don't bother?

just my own opinions

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Re: Buying Gold/Silver in Singapore

Postby missyqiqi » Wed, 12 Sep 2018 5:15 pm

archcherub wrote:i bought silver coins and silver bars from this lady boss.
whether paper silver or physical silver, my advice is... do not. unless u really have a large portfolio and u really need to diversify into some metals.

why? my opinion is that metals does not do anything. it is not productive and does not pay dividends. you are better off with your stocks divsified into lower risk stocks, or bonds, or hold cash (that be used).
gold is welcome by people as it is shiny. silver, not really useful as jewellery, it is so much cheaper though.

i bought silver bullion as the price was very low too, but i regret.. it is sitting down now doing nothing. to be fair, if u want to diversify out of stocks, then maybe its good. but i say most of us common folks with portfolio less than $10m, don't bother?

just my own opinions


thanks for your sharing.. well i don't have a $10m portfolio. nurse jobs don't pay that well.
but i thought of buying because well.. its been 10 yrs since 2008. overdue for a stock market correction and I thought silver and gold will really do well in a correction?

i was pondering between silver and gold, but feel silver is cheaper and lower base means easier to have a % gain?
i am not very good in investment lol

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maneo
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Re: Buying Gold/Silver in Singapore

Postby maneo » Fri, 14 Sep 2018 11:23 am

missyqiqi wrote:but i thought of buying because well.. its been 10 yrs since 2008. overdue for a stock market correction and I thought silver and gold will really do well in a correction?

i was pondering between silver and gold, but feel silver is cheaper and lower base means easier to have a % gain?
i am not very good in investment lol

In the last recession ("The Great Recession," Bush's recession), gold dropped along with everything else. So much for being a recession hedge.

Starting from a lower price does not mean you will get a larger % gain.
The % gain depends on fundamental factors & market forces.

Silver does have industrial uses, which provides an extra price influencing factor over gold.
However, there is no long term bias either up or down for any of the metals or other commodities.
Without an in depth fundamental knowledge, it's all just speculation, a fancy word for gambling.

missyqiqi
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Re: Buying Gold/Silver in Singapore

Postby missyqiqi » Fri, 21 Sep 2018 11:32 pm

maneo wrote:
missyqiqi wrote:but i thought of buying because well.. its been 10 yrs since 2008. overdue for a stock market correction and I thought silver and gold will really do well in a correction?

i was pondering between silver and gold, but feel silver is cheaper and lower base means easier to have a % gain?
i am not very good in investment lol

In the last recession ("The Great Recession," Bush's recession), gold dropped along with everything else. So much for being a recession hedge.

Starting from a lower price does not mean you will get a larger % gain.
The % gain depends on fundamental factors & market forces.

Silver does have industrial uses, which provides an extra price influencing factor over gold.
However, there is no long term bias either up or down for any of the metals or other commodities.
Without an in depth fundamental knowledge, it's all just speculation, a fancy word for gambling.


so both precious metals not very good to hedge? :(

shibarve
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Re: Buying Gold/Silver in Singapore

Postby shibarve » Wed, 10 Oct 2018 6:47 pm

Is this thread is about sharing forecast of the Gold price?

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Strong Eagle
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Re: Buying Gold/Silver in Singapore

Postby Strong Eagle » Wed, 10 Oct 2018 8:49 pm

shibarve wrote:Is this thread is about sharing forecast of the Gold price?


No.


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