6.11.12

Gold Investing by Strait Times Invest Section

Just this sunday, i read from the Strait Times invest section on why analysts expect price to continue to rise and the various ways to take part in this.

This is quite similar to the previous post i written months ago: http://kissinvesting.blogspot.sg/2012/05/how-to-invest-in-gold-in-singapore.html

Nevertheless, i also wish to share with you all on what was on the newspaper in case you missed out the goodies...

  • Physical Gold
    - Available at UOB; offers a variety of different sizes.
    - Buy-Sell Rate set by UOB daily
    - Investors can hold onto the Gold physically but be mindful of storage costs if you deem it unsafe to place it at home.

  • Gold certificates
    - UOB issues the certs in multiples of 1kg
    - No expiry, used in exchange for cash/gold

  • Gold savings accounts
    - Available at UOB & Citibank
    - Converts your savings into grams of gold!
    - Approved under CPFIS

  • Gold ETFs (GLD US$)
    - SPDR Gold shares, listed in Singapore Exchange.
    - 1 lot = 100 shares
    - Denominated in USD
    - Popular for investors who want exposure to gold w/o taking delivery of the gold physically

  • Gold-related equities and equity funds
    - Schroder AS Gold and Precious Metals Fund
    - DWS Noor Precious Metals Securities Fund
    - LionGold
    - Take note that equities may have low correlation to the Gold Price as they are affected on other factors like market sentiment, closure of mines etc.)


  • BullionVault
After searching for quite some time, i found out that GoldBullion.com has all the desirable features combined together...


  1. Highly liquid exchange for buying/selling Gold = Best for trading purposes/easy to sell when necessary (Compare that to selling physical gold, the other party get a cut of the commission first =/)
  2. Fees are kept to a minimum because of the bulk volume they are handling.
  3. They have a daily audit & endorsed by World Gold Council so it is definitely safe!
  4. Only Investment grade Gold and Silver is taken into consideration so no worries about fake Gold or something...
There are still many benefits untold... but best of all, opening an Account is FREE (you only have to deposit funds IF you wish to purchase anything)... so i suggest you do it here right now! :)

Cheers & Happy Gold Investing to You! $_$
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7 comments:

  1. AnonymousNovember 6, 2012 at 12:32 PM

    Is GoldBullion.com regulated by MAS?

    ReplyDelete
    Replies
    1. investing in farmlandNovember 9, 2012 at 7:24 AM

      Anonymous,

      Be careful about where you buy gold bullion. There are lots of scams out there, pieces of zinc or copper painted gold and the like. Use reputable dealers!

      Delete
    2. fqfeqNovember 14, 2012 at 11:00 PM

      Hi,

      I emailed BuillionVault (sorry its not GoldBullion.com, i made a mistake) and got the answer below :)

      Within the European Union a national government is required to implement a number of European directives which have the effect of enforcing a minimum standard of regulation across Europe's financial services industry.
      The UK complies with these directives, through various regulatory and other agencies. There is some flexibility with regard to physical gold, allowing it to be regulated either together with, or independently of the rest of the financial services industry.
      In the UK where a person buys gold, pays in full, and takes legal delivery to become the owner of the metal, the physical nature of the product and the straightforwardness of the payment terms combine to create a transaction which is deemed a purchase of tangible goods outside the scope of FSA, the main UK financial services regulator.

      But gold is nevertheless treated as a special case, and the transaction, while outside FSA’s scope, falls within the scope of the Bank of England's Non-Investment Products code, which was drawn up by the Bank in consultation with the London Bullion Market Association (LBMA). Under this NIPs code the LBMA sets global standards for professional bullion trading and delivery.
      BullionVault is a full member of LBMA and complies with the NIPs code.

      In short, London's wholesale bullion market is regulated under English law and through the Bank of England's Non-Investment Products Code.
      That code, covering the spot bullion and spot FX markets, was drawn up in consultation with the Financial Services Authority (FSA) and the London Bullion Market Association (LBMA).

      You can also find more information in our Help page, please see the link below:
      http://bullionvault.com/help/?FAQs/FAQs_governance.html#Who%20is%20your%20regulator

      I hope this answers your question.

      Regards,
      James

      Delete
  2. UnknownApril 6, 2013 at 10:55 PM


    Nice post, very helpful for us.I will come back here again & again...:)
    Also, to know more about...
    gold investments
    silver investments

    ReplyDelete
  3. NeilAugust 12, 2016 at 11:35 PM

    If you invest gold, then you can get short term gains and long term strength which is known as crisis product.

    ReplyDelete
  4. Cheryl WongNovember 4, 2016 at 4:28 PM

    I think gold investment is the best option to earn money. It just needs a good strategy & accurate market analysis. Most of the investors prefer gold trading signals for gaining profit. You can refer http://www.mmfsolutions.sg/services/comex-pack/

    ReplyDelete
  5. UnknownJuly 11, 2017 at 10:07 PM

    However, like with any other investment option, gold investing does come with its share of risks; and you need to understand and mitigate such risks in order to realize the desired returns on your investment.
    http://thegoldrushexchange.com

    ReplyDelete

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