reuters

So cheaper to buy gold in singapore now?

"Cheap" is a relative word. Two items need consideration - SG forex and what kind of margin the goldsmiths are charging there for retail gold.

We don't have any taxes on incoming gold purchases from overseas. SG finally got that in their heads to do away with it.

Note the article didn't state examples of other investment grade precious metals. You'll have to wait till Oct to find out.

how easy it is to sell a Pamp Swiss gold bullion compare to a Jeweller gold bullion that has design on it?

how much commission is lost for selling gold bullion or any taxes?

This post has been edited by hackwire: Feb 20 2012, 05:00 PM

if you buy from A, you must sell back to A to get the best price. Or else you will get a lower price from other place..it is business...
Maybe u will ask: how they know i bought from them before?

If you bought from like poh kong, tomei, they have 2 types - their own gold with their logo and pamp. Gold with logo sure need to sell back to them, no need receipt because already got logo..if buy PAMP and sell it, u can get a better price in the same place u bought with receipt!

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Added on February 20, 2012, 5:35 pmif you buy the designed gold bullion, means you need to sell back to them, and they will buy from you right away with their market price.
if you buy pamp, still the same, sell back to them with receipt.

If you wanna sell at oversea, i believe both type can be sell off with the same price, or maybe PAMP better value? I have no idea, anyone can share on this?

the spread price for each jewerly shop is different. I found out DeGem has the lowest spread price, selling price also not high. Last time i saw DeGem selling 100g designed gold for 17k++ (spread price around 7-8%), but Poh Kong selling at RM20,500 (spread price around 12%). But Poh Kong can provide Easy Payment! Depend your preference..

This post has been edited by tiramisu83: Feb 21 2012, 09:28 AM

20 g @ 17K is expensive right?

i ask habib 100g pamp swiss gold bullion is RM 19,600K.

are we on same page on the grammage here?

Opps, sorry my mistake, it should be 100g. I have modified my previous post. Thanks!
Are you sure habib 100g pamp is RM19,600? How about the spread price?

But i still think DeGem can sell at a lower price.

For those interested to open UOB Gold Savings Account, you can open a UOB Basic Savings Account (Option 1) to fund your Gold Savings Account.

sorry noob here.. when u mean spread, u mean ?
he said market price is 205 now.. what is he implying here.. ? is this the spread price?

by end of this year 2012, many Singaporean (brought from UOB stored in MY) and Malaysian will move some of their gold to SG for storage.
many may move out their storage from bonded warehouse to CERTIS storage.

spread price means the difference between selling and buying price, the lesser the better lo..like currency exchange.

Seem like everywhere is collecting Gold back from the public. saw Gold booth in hypermarket inspecting for free service.

Anyone bought from 1StopGold b4? The prices seems to be cheaper compared to Nubex. But this is what it states on the site

"*** Prices shown are indicative rates only, for actual rates, please contact 1Stop Gold Sdn. Bhd."

When i emailed them asking for price of certain items they replied
"Dear Sir, Kindly visit our web-site for the indicative price."

now ppl invest 999 gold or 916 ? i c lots of different kind of gold offer from bank like 999 pure gold, 99.5 gold, and read some forumer mentioned about swiss pam gold, kijang gold. which one is the best to invest to? any sifu can guide me?

if buying gold bulllion sure aim for 999 or even 9999. for jewellery, 916 is okay. but i prefer 999 coin or bar

seems like gold investment thread are more happening than silver right now! haha

maybank gold price RM176+ today

100g for RM19,600?!? thats expensive. I can get it for around RM18,000.

means it will be cheaper to buy in SG?


UOB RM173+

1kg is 173+ but 100g is slightly more expensive.

may i ask, if the market rate states RM 173 , does it mean that i should be able to get a PamP swiss Gold Bullion for 100gm at RM 17,300 nett or it is determine by the gold seller how much they wanted to sell??

This post has been edited by hackwire: Feb 23 2012, 05:19 PM