Buying gold bar a gd investment?

[Luvthesail]

Can buy gold bar from vendor machine at great world city basement car park.

[danfoto]

Is it still worth it to buy gold now?

[jaskiratsgill]

I think it is a good idea to buy Gold with a long term perspective, if you can hold out. See how it has appreciated in the last 10 years.

[SilentOfDawn]

hi

Considering the same thing. Was informed Crude down, USD soon to follow and gold will go up. Checking spot rate daily, UOB selling 9999 wafers at good price.

is that true? Pure gold 999

[RisingTIde]

I bought 0.999 1oz gold coin for collection and 0.999 100g gold bar for saving. I dont think is a good idea as an investment tool

[effendy131]

To invest in gold, better buy from the bank in paper, i.e. UOB Bank. Buy and sell price will not differ much compared to physical gold.

[ysosrs08]

Buying gold as investment is a traditional school of thought that in this current market may not hold true anymore. Unless of course you are referring to holding onto them for more than 10-15 years in the hope of catching a gold rush sometime in the future. Unlikely, but of course still probable.

[Smith]

Probably a good form of reserve for max ~15-20% of your portfolio.

[R-oyster]

You sure?

There's gst on buying gold banks from banks?

Generally, gold bar and gold coins at 99.9pct purity are
zero rated

[arthurl]

a) there is a base price for gold, dictated by the cost of production.
A closely kept secret that varies between different mines.
Estimates are around 800 to 900 per ounce.
b) It is still a very useful emergency crisis currency.
c) For investment, gold bars that have left the vault will need to be assayed again by the buyer
before he takes it. I have seen a gold bar sawn in half. there is thick gold plating all round
but the core is fake!
d) Kilo bar certificates are very much better.
the gold never leaves the vault and the issuer buys it back at their quoted trading price.
Of course before buying compare the spreads, the buy sell prices to see if its fair.
e) The million dollar question, will we see another bull run for gold?
no one really knows but it is possible once people lose confidence in paper currency.
f) closely related is the question, is gold a good hedge against inflation?
As the buying power of paper money goes down, the price of gold should go up.
But its not happening because people still have faith in the strong currencies
and so long as this continues, gold prices are likely to remain flat.

[fishball01]

hmm.. other than buying physical gold from pawn shop which is think have the best offers, any other recommendations.?

[fishball01]

had wanted to get a gold bar around 400-500g in those old days "gold bar" form not those standard gold pieces in plastic covers. anyone knows where to get it?

[R-oyster]

the one kilo gold bar from UOB is one the best in terms of pricing. Easy to sell back too.

[asdqwe]

Not for now. Gold prices now don't worth any investment.

[rolexbeginner]

Not a good investment in my opinion as it does not generate income (e.g dividends, rent), unless you manage to sell it with some capital gains later.