I dont think so, there are people who collect notes from different country as collection. Perhaps it will fit nicely in that collection but if gold investment then I doubt it.

Crude oil drops gold price increase. It will continue to increase till we reach crude oil bottom.

I seriously doubt it can go beyond 1400 mark.

Not MIA, he is active if you check his profile. Lets not summon him in this thread again or else pointless argument all over again

Maybe might increase allocation a bit when it reaches 1100. Last I bought was in dec when it was around 1200 range. Not a hardcore goldbug, just like to add some to the portfolio for the sake of diversification

Edit: Also because our currency is weak, gold isn't as cheap compared to buying end of last year. I remember my purchase price was 126/g & it went as low as 123/g. Now its still at 138/g

This post has been edited by infernoaswen: Mar 7 2015, 11:47 PM

Define 'worth' Thats the nice part about gold I guess, its value doesn't drop together with our currency. Imagine those who hold gold in russia, when their currency drop like crazy those people who hold gold I guess will come out richer

Is there transaction fee when buying gold? I know GST works by charging 6% on the transaction fee or whatever fee, but when buying gold there isn't right? So how are they going to calculate if they are going to impose GST?

How exactly do you calculate that 6%???

- You buy UT, the 6% is charged based on SC. So instead of 2% SC, it will now be 2.12%.
- You buy stocks, 6% is charged on brokerage fee & clearing fee.

Online account quite expensive the spread, UOB bank offers the cheapest spread but need to physically go branch to buy/sell. Sadly they dont have online platform