Gold

With rising costs and increased learning needs, financing our children's education is no longer a simple walk in the park. Discuss with other parents about how they are managing their finances to cope with their expenses.

Gold

Postby micollh » Sat Apr 20, 2013 10:59 am

with the gold price dropping.. can buy some now ? can we get those gold bar from UOB ? some said no, only certificate.. but some said yes, even 1-2k can get a small piece physical gold with certificate from UOB.. but the website din have much info.. anyone can share?

micollh
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Re: Gold

Postby moomoo2 » Sat Apr 20, 2013 1:53 pm

Hi,
I think we can just buy gold from UOB. My boss just bought a few one ounce gold coins yesterday, She told me that she bought at abt $1800/pc

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Re: Gold

Postby jkids » Fri May 24, 2013 5:14 pm

my colleagues did. bought gold coins and gold bars.

wat do you think is the potential for gold? can share?

my colleague bought as educational funds for kids. so muz keep in the safe for a long time. :O

jkids
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Re: Gold

Postby micollh » Mon May 27, 2013 10:09 am

i was told, those gold coins and gold bars bought from UOB , has to be sold back to UOB (if in the future ), and they buy back with 50% of buying price. which means not a good form of investment.. but if want to pass down as heirloom, yes.

any advise on that ?

micollh
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Re: Gold

Postby straffan23 » Mon May 27, 2013 3:16 pm

There are a few ways to invest in Gold:
1. CPF Gold a/c with UOB - "buy" in number of grams and you get a passbook for this which tracks the number of grams you have in your "savings". Money is debited from your CPF-OA for gold limit.
2. CASH Gold a/c with UOB - same as the above, except you need to come up with cash.
3. And then there are the certificates
4. And then there are the goldbars

I believe for options 1 - 3, the bank will charge a maintenance fees. Not sure about the goldbar option, though... although 50% sounds very high! :yikes:

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Re: Gold

Postby mgnvr » Mon May 27, 2013 6:58 pm

If you go to UOB website for gold prices, you can see a bid and ask rate for physical gold. That will be the indicative buying and selling price for the day. Hope this helps.

mgnvr
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Re: Gold

Postby Harlequin » Mon May 27, 2013 10:00 pm

Not the right time to buy gold.... wait till after September, at least.

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Re: Gold

Postby longmao.irene » Mon May 27, 2013 10:14 pm

Harlequin wrote:Not the right time to buy gold.... wait till after September, at least.


Hi can share why issit so? Will drop further? Hee

longmao.irene
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Re: Gold

Postby Harlequin » Mon May 27, 2013 10:25 pm

longmao.irene wrote:
Harlequin wrote:Not the right time to buy gold.... wait till after September, at least.


Hi can share why issit so? Will drop further? Hee


Yes, gold price will drop further, I am looking at USD1,100 by year end, USD900 by March 2014.

(Just for your reference, don't take my words too seriously hor :smile: )

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Re: Gold

Postby longmao.irene » Mon May 27, 2013 10:32 pm

Harlequin wrote:
longmao.irene wrote:
Harlequin wrote:Not the right time to buy gold.... wait till after September, at least.


Hi can share why issit so? Will drop further? Hee


Yes, gold price will drop further, I am looking at USD1,100 by year end, USD900 by March 2014.

(Just for your reference, don't take my words too seriously hor :smile: )


:xedfingers: lets hope so... I am also @ d midst of sourcing for investment funds..

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