Re: Zulkifli
buy in philippines and pawn in singapore for profit?
are you sure got such a good deal. if there is. all pawn shops
will do it themselves.
the only reason philipines are selling so low is that they are
fake gold. not 18 carats.
if not, they will value it accordingly to the gold prices.
unless they are stupid of course.
I've done that before I think 3 times, bought it in the philippines
and pawn it in Singapore...its a mixture of white gold (silver) and
gold. The problem is you cannot bring those 18 carats gold in
bulk...Singapore Immigration and Custom will question you. When I
pawned it, well, they didn't actually follow the 100% pure gold
rate but whatever it is I gained profit from it. The pure gold ring
is soft and its 24 carat. Most of the gold jewelleries are mixed
with white gold so it will not be too soft and the prices are
different depending how much white gold are mixed with the pure
gold to produce the jewelleries. The lower the carat the more white
gold that are mixed with the pure gold. As for the gold and pawn
shop owners...I think they must have the license to buy the gold
bars in bulk and melt the gold bars and same for pawn shop..they
must have the license to melt the jewelleries. Well, do you have
any idea where Singapore jewelleries manufacturers got their raw
gold?
