Gold account

ANTI SMOKER SG

Hi. I wish to open a Gold account. Anyone know any bank that have this services ?

faroukalhadad SG

you mean u want to buy gold as a comodity for investment right?

there are several ways you can do it. are u wanting to buy gold physically or just want to old gold equities?

Ponders SG

So far i know UOB and DBS.

it's funny, your bank book is in grams and kilos... not $ figure.

ANTI SMOKER SG

ya.. for investment la.. hold the gold for what, wait invite thief then leow ..

ANTI SMOKER SG

ya, like some kind of saving account. this one can buy and sell ... you know how the thing work?

de_middle SG

only seen in UOB Neutral

Paradise Lost SG

If your considering gold as a choice for speculation and investment, perhaps you might want to buy into gold ETFs instead.

ANTI SMOKER SG

What's ETF ?

cyberr1981 SG

I rather have the physical gold at home than at bank; can use the gold bar as a golden pillow to sleep also very nice nice wheeling... Laughing

sunny3510 SG

UOB hv gold savings acct…. there are maintenance fee annually if u hv gold

usck SG

only uob has the gold saving acct. i myself has this acct. not bad, earn near to 3k within 4 months. Wink

Ponders SG

ETF is exchange traded fund.

go finance.yahoo.com and enter "o87.si" in Quote.

basically it is a Fund that is traded on SGX as if it is stock. but the price of the stock is based on few indices (gold spot price).

if you notice the price is close to 10% of what gold spot is.

dangerboi SG

it’s best to get physical gold. Gold accounts don’t have gold in them. It’s just a lie that people are willing to believe.

CreativeMaggot SG

Yup, i rather go buy bonds and keep it in bank safes. Gold is the only thing that will always be precious and will not lose it’s standing in the economy. Even after 500 years. Touch wood for apocalypse to come, gold will still be worthing a fortune due to the scarcity of this element.

Jem777 SG

Great timing considering gold is at one of it’s highest prices now.

oldbreadstinks SG

doesn't that mean it would be going down soon? Neutral

rlsh07 SG

even if it goes down, it’s still very valuable though

Jem777 SG

Probably, cyclical no? So why buy now when it's going to go down in the future. I haven't seen gold charts in a while (commodities trading isn't my thing), so I can't say for sure. Where's Mr Andrewkyp or something when you need him.