Buying gold bar a gd investment?

[Watch fan]

Is platinum not better than gold, price lower but more rare....

[tommy96680]

Y buy gold...so many cheap rolex around..hehe

[elvinyang]

I rather keep the money beside me..

[iamwz]

I think study the stock market and go for blue chips is better IMO, but thats just me lol

[3echo]

Keen to buy physical gold, but unsure how to encash later on. Is it simply to sell back to the seller (assuming they are still around after many years). Anyone can enlighten?
Thanks.

[Amanubis]

Buying a good, solid 18K gold watch would be a good investment. The rarity and intricacy of a piece plays a part as well of course. Good examples recently launched would be the Portofino 8 days (red gold v) and any gold submariners (although these depreciate slightly faster)

[stektan]

Buying Gold

Gold is not really an investment - if you want investment, stocks or property is probably better. It is not also a substitute as a gold watch - a watch is also not an investment. Buy a gold watch if you like it but nothing else. Buy physical gold only if you want it as a physical asset that you can hedge against fiat (paper) money or against a currency/SHTF/war scenario. If something terrible happens to Singapore or the USD, gold is your best real asset to hold. Even if you have a stack of $1M Singapore dollar, it is pretty much useless in many parts of the world during a crisis. Gold is recognized pretty much everywhere in almost every country even by a small tribe in Africa. When you flee, you can't bring along your million dollar property or car. Only your gold and Rolexes will help. Proven across many centuries and in many wars. So, buy some but not sink everything into it. Now is a good time to buy as gold is cheap as everyone thinks US economy is doing well and USD is becoming stronger. But look deeper into the fundamentals and you'll realized that **** is coming - in a major way. China is slowing down, Euro is dying and US has huge debts that it must pay one day. Just a matter of time. Enjoy the good days while it last though.

[3echo]

Hmmmm... Good points raised. I guess gold coins (ala john wick movie) will make better sense than bars. Easier to dispose and ship out when required.

[wolfeyes1974]

Keen to buy physical gold, but unsure how to encash later on. Is it simply to sell back to the seller (assuming they are still around after many years). Anyone can enlighten?
Thanks.

buy from bank, sell to bank.

IMHO, you can try part with 10% of your $ into gold as a form of capital preservation.

[charmaine_llee]

Well, i've got a colleague who has been buying gold since the 90s. He has made quite a pile!

[Starlight]

No, gold price changes, currency also changes
Buy something really liking, can use or collection valued over the years
We only live once, buy n use it not collect spider web
Collection only meant for keep, cannot wear
if not using, why buy? unless really really keen for collection.

[3echo]

buy from bank, sell to bank.

IMHO, you can try part with 10% of your $ into gold as a form of capital preservation.

Thanks. Got it. Will check banks' offerings.

[Ian Limm]

you can buy gold from UOB Raffles place basement-Gold counter.
just tell them how many grams (or kilos) you want and they give you a gold passbook.
don't have to keep physical gold at home.

[bigimpact]

Buying a good gold watch is good investment. The rest of the gold products on offer are often difficult to make money.

[Sucram]

IMHO, gold isn't what you should plonk your entire nest egg on. Gold stocks like mining or ETFs are a better alternative. They follow the movements of gold price, mostly, and some pay a dividend.