buy UOB's physical? yes?
Buying Gold As Investment V2, 2011 Gold Rush From Oil Hype
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 May 18 2011, 05:57 PM
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#1
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Junior Member
156 posts Joined: Jan 2011 
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so conclusion is...
buy UOB's physical? yes? |
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May 20 2011, 09:41 AM
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#2
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Junior Member
156 posts Joined: Jan 2011
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Question about spread. Assuming UOB spread = 5%
Does it mean that: Whatever price it goes up to in the future, UOB will buy it back at whatever price - 5%? And this will be clearly reflected in the purchase agreement / term & conditions ? This post has been edited by ycyip: May 20 2011, 09:42 AM |
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May 20 2011, 11:56 AM
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#3
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Junior Member
156 posts Joined: Jan 2011
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I know spread means difference in sell and buy.
My question is, what happens when want to sell back to them later. This spread will apply too? Will it be reflect in black and white when we purchase the gold coin? |
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May 20 2011, 02:13 PM
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#4
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QUOTE(double7 @ May 20 2011, 12:15 PM) Let say at the time you buy bank sell $150 buy $142.5 (5% spread), 3 years later the bank sell $180 and buy $171 (also 5%). So if you sell to bank then your profit is $171-$150 = $21. Correct me if I'm wrong. How to correct you if I'm not sure  What you said is what I'm trying to clarify actually |
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