Singapore Expats Forum

Buying Gold/Silver in Singapore

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
User avatar
JR8
Immortal
Immortal
Posts: 16514
Joined: Wed, 24 Mar 2010
Location: K. Puki Manis

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

I'm not at liberty to comment.

QED.

Fagoula
Newbie
Newbie
Posts: 1
Joined: Wed, 09 Jul 2014
Location: Costa Rica

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 ?

User avatar
PNGMK
Governor
Governor
Posts: 5556
Joined: Thu, 21 Mar 2013
Location: Sinkapore

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).

User avatar
rajagainstthemachine
Manager
Manager
Posts: 2818
Joined: Sat, 24 Nov 2012
Location: Singapore

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

User avatar
taxico
Director
Director
Posts: 3190
Joined: Sat, 10 May 2008
Location: Existential dilemma!

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
Member
Member
Posts: 46
Joined: Tue, 18 Mar 2008
Location: Singapore

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

missyqiqi
Member
Member
Posts: 46
Joined: Tue, 18 Mar 2008
Location: Singapore

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?

User avatar
Strong Eagle
Moderator
Moderator
Posts: 10955
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

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.


  • Similar Topics
    Replies
    Views
    Last post

Return to “Business in Singapore”

Who is online

Users browsing this forum: No registered users and 2 guests