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I updated a blog on the CPF-MA yesterday: "For those under 65, the Basic Healthcare Sum next year will be S$54,500, up from S$52,000 ...

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Buying investment grade gold in Singapore?

Monday, August 8, 2016

Reader says...

Hi AK, would like to check with you on gold products.



1) What are some of the products if we we would like to use CPF to purchase gold? Is it recommended to purchase using CPF?

2) For purchase of physical gold, are there any considerations when purchasing? Understand UOB gold should be quite cost efficient if you purchase minimum weight.

3) Why is gold bullion coin is more expensive than pamp gold bar




AK says...

1) I believe the opportunity cost for using our CPF savings to buy gold is rather high.

I will not give up the risk free returns to speculate on gold.



2) I buy gold bullions from UOB.

The Kilobar is probably the most value for money, weight for weight.

However, it isn't practicable for most of us and not very practical.

My choice is the 1 oz bullion.



3) Bullion coins of same weight from different mints can differ in prices but UOB sell them at the same price.

It doesn't matter coins or bars.

If we are buying as an insurance, it is sensible to simply go for best value.



Related post:
Singapore Precious Metals Exchange.

1 comments:

AK71 said...

Reader says...
I’m looking at gold bar to build up small part of my portfolio
What’s the difference between PAMP gold bar versus argor heraeus gold cast bar?
The argor is cheaper because ugly design? for 100g comparison the PAMP is slightly pricier but same selling price.
Mint type bar is more ex than the 2 above

AK says...
Just buy bullion. Don't buy proof.
Proof coins are for collectors.
Singapore Mint sells proof coins.
For the same purity and weight, just buy the least expensive bullion. ๐Ÿ™‚

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