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Gold Investment Corner V8, All About Gold
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mea05key
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 Mar 25 2016, 11:14 PM
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Getting Started
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Hi,
Contemplating whether gold account with UOB or Public Bank is better.
UOB - Lower spread between buy and sell. Higher initial investment (20g) and higher subsequent min investment (5g)
Public Bank - Higher spread between buy and sell. Lower investment (5g) and lower subsequent min investment (1g)
For someone who invests small in gold ,would it be logical to choose PB over UOB since with limited funds I can do more dollar averaging i.e more ammunition (money) available left to buy when price is going downwards rather than buying one huge sum of gold at one time?
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mea05key
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Mar 27 2016, 08:53 AM
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Getting Started
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QUOTE(sinbad2k @ Mar 26 2016, 12:36 AM) Gold price has dropped since Thursday. Bullion price increased? which bullion trader? Would be better to buy physical gold instead.. Physical gold will require storage place, no? |
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mea05key
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Mar 28 2016, 03:54 PM
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Getting Started
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QUOTE(Tm89 @ Mar 28 2016, 10:42 AM) I supposed it depends on your investment plan and risk appetite. If you are a short to medium term Gold trader, it may be a good idea to buy paper gold. However, if you are looking to use Gold investment as a super long term, hedge against financial system, you will want those physical bullions. Granted there is a storage cost, but this is an investment allocation that sits outside of the financial system. Can I ask why physical bullions are better for long term? |
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mea05key
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Apr 20 2016, 11:58 AM
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Getting Started
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QUOTE(saymyname @ Apr 12 2016, 07:16 PM) could anyone gimme a crash course on CIMB Gold investment? No experience for CIMB. The last i look their spread is high and gold price is more expensive. I am using public bank. You can check at their website for daily gold buy and sell price. Their spread (difference between buy and sell) is higher than UOB but consider lower than other banks like Maybank when i last check. The advantage of PB over UOB is the min purchase amount. Each transaction is 1g compare to 5g UOB. If you have small investment fund PB is a better option. It will give you more "chances" to go in market and buy. So more chances for dollar averaging. |
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