How To Trade Gold In Singapore

5 stars based on 38 reviews

I am largely with Warren on this. Any investment returns are likely to be speculative in nature. Basically, I see bullion as an alternative currency to hard currencies which online gold trading in singapore our Sing Dollar. Look, I definitely believe in the strength of our currency and the resilience of the country. After all, no one can guarantee that our good life will carry on indefinitely for the next 50 years.

Perhaps you online gold trading in singapore also be less sanguine after reading more about the plight of the Rohingyas and the humanitarian crisis in Syria. So yes, I am looking to build up a small portfolio of alternative currency. And gold is one of these currencies.

As the quantum decreases, the spread increases. Although one would have to pay a slightly higher price for the 50 Gram gold bar from UOB, the higher buyback price more than makes up for it.

Otherwise, UOB will not buy back the gold. Physical gold and paper gold are now an integral online gold trading in singapore of our portfolio. And with an increased asset base, instead of looking at 50 gram gold bars, I am more keen on gram gold bars due to a lower spread. The UOB plastic online gold trading in singapore is online gold trading in singapore new to me though. In the past, they never had that plastic seal so I could have brought a bullion gold coin that I bought from someone else to UOB and they would still buy it back.

The requirements on receipts were not strictly enforced at that time as well. My prefered bullion gold of choice would be the Australia Kangaroo Nugget coins as they have a different coin design each year and that increases the rarity of the coin. A few years ago, there were many factors that helped pushed gold prices up.

Federal interest rates, US currency, China, etc. Now, everything is in reverse. The new Pandas from China are getting off troy ounces and moving to grams. Gold is crises metal. Crises will come againturst me. That is when gold will soar. We are Chinese, we trust gold. WB will one day be humble. That day I think online gold trading in singapore near. I agree that gold is a kind of universally accepted currency, even better than USD or what. Of course I guess bullion is more accepted as compared to jewellery that can be much more subjective.

Since the physical market is not always representative of the commodities market. Think for jewellery, there is a big premium paid for the worksmanship and when one sells or pawn it, much of that value is lost. Your take on demand and supply of gold in a time of crisis is online gold trading in singapore.

For me, I am just thinking that if one day paper currencies are no longer accepted, the demand for physical bullion for transaction would increase much faster than the supply? It is not as liquid as you think. Think about it, will ppl want your gold more or food more when economic situation is very dire. Lastly, people tend to overlook the opportunity cost that comes in holding hard physical gold be it in whatever forms.

Some alternativd perspective for your consideration. My humble view is that even in dire circumstances, the human desire to store some form of wealth would still be present. History has also shown that in difficult times, people are willing to use gold as a medium of exchange. Nonetheless, I am not holding and not intending to hold alot of it. Just a small percentage more as online gold trading in singapore hedge and insurance.

Thank for sharing your insights in this article! I am keen to buy gold, but was just wondering, after you buy them, where did you store them? Hi Just to add. I have been buying gold jewellery to wear and am told by pawn shops that they will buy back jewellery or bars at the same gold price. My principle is this — at least I enjo the jewellery rather than just keeping the gold bars in a safe. Also you would have to pay for the safe.

And keeping gold at home is not that safe. Since keeping gold jewellery at home is deemed safe, keeping gold bars at home should not be more dangerous? I online gold trading in singapore have no idea! I am not sure if they sell at a cheaper price than UOB. UOB is attractive to me as they have a buyback price and the spread is reasonable to me.

Never, never buy from pawnshops. Their spread is the worst of all. There are so many bullion stores you can purchase from. Is it a good time to buy now? Your car is a liability unless online gold trading in singapore use it to make money like Uber. Most of us buy gold as a long term investment comparing to putting the spare cash in FD or saving.

I think you may be on to something about buying physical gold. See the Keiser report episode the interview with Sandeep Jaitley about owning physical gold. Yes, I would think they can be sold as easily as other gold coins.

Last year someone told me to start investing in gold because of the foreseeable weakening global economy that would be coming. So I decided not to go ahead. Until today I am still wondering if I had made the right decision but I consoled myself that there is online gold trading in singapore no hurry to part with my money. In fact, with inflation, the value will decrease.

Planning to buy 1kg silver coins, 1 and 10 oz gold bar. Any take on it? Before you decide to invest in gold or silver, you need to ask yourself a online gold trading in singapore sensitive and reasonable question: Why I say that? An alternative is to buy gold jewellery from pawnshops, without GST and without workmanship. Can wear and can look great. But only buy gold minimum. Even now, more and more goldsmith shops are not charging workmanship.

I only regretted not to buy gold when during the mid s. I think they would likely be accepted by other institutions but the prices could be different. Gold is NOT an investment lads…. It pays no return because it has no risk, its gold.

The only thing then left is gold. From what I read on their website, it appears so. Hi I just want to know if i buy the gold from uob will the other shops like poh heng for example buy it back at the same price that they are selling or will it be lower??

I want to buy physical in the near future. I have been hesitating between UOB and Bullionstar. My target is mulitple g gold. Any comment or advise? I think either option should work well enough. Although, maintaining the seal and receipt is quite an inconvenience. I had purchased from UOB which the transaction was pretty fast. Now aiming for 1kg by end of Dec as it is more cost effective than multiple g.

I am just puzzled by the gold price heading south. My assumption is once dear Trump officially took office and sure have lots of complications and that is time for Gold to fulfill its potential. Is my thinking too 1 dimension or naive?

I will be honest and admit that I have no idea what is the short online gold trading in singapore direction of gold prices. I am just purchasing it as a hedge and using it as part of a permanent portfolio. Just that I am single and do not have any liabilities… I realised that you always have high EQ to ans and respond to comments; this is something Online gold trading in singapore wan to learn from u: May I offer you a humble tip of mine: That will be a clear indicated who should you purchase from.

This information exclude the rest of the other concerns. I thought so too. Sometimes I am just too navie….

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BullionStar is located at 45 New Bridge Road in Singapore with a bullion retail shop, showroom and bullion vault. The bullion retail shop is a walk-in storefront shop where cash-and-carry is allowed. Bullionstar offers a wide range of all precious metals such as gold, silver and platinum including some numismatic coins.

Both the gold prices and silver prices are highly competitive. Bullion vault storage is also offered at competitive cost. Customers can audit or withdraw their bullion at any time without any prior notification. Volume pricing is available. BullionStar also offers a trading and bullion savings product called BSP Grams which is backed up by physical gold, silver and platinum that can be traded at a low premium and spread, and also convertible into physical bullion bars.

BullionStar is renowned for having a user-friendly online interface, including a dedicated mobile website, where customers can view and trade precious metals portfolio in real time. The gold spot price, silver spot price and the product prices are updated continuously online on BullionStar's website.

BullionStar publishes in-house analysis, research and charts, featuring some of the leading precious metals analysts in the world. Overall, BullionStar is a very good choice with an impressive bullion shop offering most products and services available at a competitive price.

Been using BullionStar for the last few months and bought a number of silver and gold stuff. I like it because of the wide range of products that have ready stock, good pricing, vault services, nice store and user friendly website.

Staff are very friendly, knowledgeable and give good advise. Very responsive to emails also. Also from the financial reports, they seem to be doing well, so its seems a stable company. The premiums are more important to me as that is present, whereas spreads are the future, which can change. Also UOB don't have a very wide range of products and their staff know next to nothing. Good selection of products, great service, safe and planning to open a physical bullion savings account here with the usage of BullionStar's vault storage option.

What I like is quality and fast services provided by BullionStar. Not my first time dealing with them. Hassle free with friendly customer service. Excellent place to get your precious metal.

Not to mention friendly and professional customer service who would answer to all your enquires. Recommended to all buyers and potential investors. Simple and easy way in investing precious metal.

No hassles and pure simple. I find it great that Bullionstar accepts bitcoin to buy gold and silver. As a bitcoin and cryptocurrency investor, it's great to be able to take profits into bullion. So far, I'm rather impressed with their storage solution as well being able to check and handle everything online. Efficient and great customer service. Provides 3 kind of services after purchasing of metal, which expand my decision to choose the service to my convenience for retrieval.

Their website is user friendly and provides me a sense of secure with their 2FA authentication. Have been purchased from BullionStar few times. They got variety of products with great prices.

I have been a loyal customer since and find the end-to-end service fantastic! I only realised how good BullionStar is when I compared them to other bullion stores.

I love the extensive offerings of gold, silver, platinum coins and bars, at very good prices, meaning low premiums. For example, I can usually buy Canadian coins and bars less here in Singapura than in Canada! Keep up the great work, I love dealing with BullionStar! Bullion star is easy understandable on gold and silver up to date market values. Easy and safe to keep our valuate storage.

Purchasing from Bullionstar is effortless. Some new suppliers of the gold bullion has sometime got little lower price but now Bullionstar has price guarantee matching also their price plus you get a free silver coin.

Really responsive and helpful company. BullionStar have a really easy storefront to navigate. It's easy to switch between currencies and I'm happy that they also allow for Bitcoin purchases and sales as i trade in between bitcoin and gold. I think these guys are great and can recomend. Good selection of products! The website is well designed and easy to use. Service in the store is prompt and organised as well.

One of the best homepages I have ever come across! Excellent assistance and real time updating of spot price, excellent! A suggestion is to also stock palladium coins and bars. Very competitive bullion pricing. One of the best websites ever. Excellent service, real time update of the prices. I'm not affiliated with Bullionstar in any way but must say that they are outstanding for buying gold and silver in Singapore when it comes to bullion dealers. Degussa have cheap price for some of their own branded bars but other than that Bullionstar is better also on the pricing.

Bullionstar is where I go to buy bullions in Singapore. Friendly sales people and good prices for buying back. I think many customers and bullion dealers miss the importance that there must be a 2-way market with the bullion dealer also accepting to buy back items without any hassle.

Many bullion dealers don't or else they pay less if you bought the bullion elsewhere. I've sold bullion to Bullionstar where I have bought elsewhere Mustafa centre without any deduction in price or any problem. I'm not selling anymore though. Instead frequently visiting and buying from BullionStar. Bullionstar is a credible dealer which offers a variety of gold and silver for investment and collection purposes at a reasonable pricing.

Options are wide ranging. I don't think any other dealer can match what they do in Singapore. So much easier than I thought it would be. The site is similar to an online bank, just more seemless and straightforward.

Did one small mistake once but rectified it immediately. Looking forward to buy more from Bullionstar in the future. Friendly staff on the phone and at the shop. I particularly like their wide selection of bullions and coins. It is not the first time I am buying, I have never been disappointed.

Very easy to order via their website. Buying gold at bullionstar is easy and seemless and the website is very well set up. My only issue is that I do not think the account security is very good and I would like to see 2 factor authenication 2FA for logging in to accounts. Have purchased from them several times. Always seamless and quick. Online website is very useful, fast updated when clicking around and using the charts is very easy.

This is the way websites should be. No fuzz, easy to use. When visiting the shop to pick my items, the staff is always friendly and fast to assist and complete the deal! Very easy portal to use, transaction was very smooth. I am a repeat customer. Really happy with my purchases at BullionStar.

Very user friendly website with a wide range of coins. Customer service is superb too! Very well managed and highly trustworthy. I will have rated 10 stars when deposit was free of charge, now when fee applies even if not excessive I'll give a 9.

Location of BullionStar is centrally located. Transaction process at counter is straight forward. Online order is user friendly. Need I say more. Let the bank have some serious competitions. Impressed with their real-time website.