<![CDATA[Gold]]>with the gold price dropping… can buy some now ? can we get those gold bar from UOB ? some said no, only certificate… but some said yes, even 1-2k can get a small piece physical gold with certificate from UOB… but the website din have much info… anyone can share?

]]>https://forum.kiasuparents.com/topic/54717/goldRSS for NodeSun, 03 May 2026 04:10:07 GMTSat, 20 Apr 2013 02:59:26 GMT60<![CDATA[Reply to Gold on Wed, 27 Jan 2016 01:27:08 GMT]]>

pirated:
When it sounds too good to be true it usually is. All that glitters aren't gold. Fool's gold may be.

I don't think usually applies here :evil:. I'm 100% sure that it is a scam. 🆒

]]>https://forum.kiasuparents.com/post/1634278https://forum.kiasuparents.com/post/1634278Wed, 27 Jan 2016 01:27:08 GMT<![CDATA[Reply to Gold on Tue, 26 Jan 2016 16:23:31 GMT]]>When it sounds too good to be true it usually is. All that glitters aren’t gold. Fool’s gold may be.

]]>https://forum.kiasuparents.com/post/1634211https://forum.kiasuparents.com/post/1634211Tue, 26 Jan 2016 16:23:31 GMT<![CDATA[Reply to Gold on Tue, 26 Jan 2016 16:17:20 GMT]]>Hi Mummies,


Currently i got a "LOBANG" into investment line.

As there is a company in Singapore currently preparing listing in ASX (Australia Stock Exchange) by year 2016 either earliest by August or Dec.

This company founder had been very sucessful in a lot of business like business consultation on SME, Jewelry design and selling, TMC, Health Products (which can found in Watson nowadays also), Gold trading, gold miner and the latest one is auto trading applications (aka mobile apps). They had research for few years and using their own fund to test out the accuracy of the signals which using their own algorithms method. So now, they are preparing to go for listing in ASX first and will be follow by other stock exchange world wide due to this Powerful application.

As you invest to their share now, you can be the shareholder as well to use their auto trade function immediately. As the return back will be between 5 ~ 8% per month rate. Just think about this, when you deposit your money into the bank, will it able to give you the interest between 5 ~ 8% per month also. If not, why not invest on this as your passive income also.

You mind guessing as a shareholder sure need to invest a lot of money. True also. There is no free lunch in your life! You can write your own program to capture the signal, but how confidence that you can success all the way with the apps? This company can prove this. They mainly trading on XAUUSD.

So how much is the investment?

Got people invest 100K and even 50K and 20K. How about the not so rich people? will we have the change to be shareholder too? Yes, there is a short period till end of Jan 2016, minimum 5K. It might be a lot for a lot of people. Lets think about this, some parents just prepare a baby shower or baby one years old celebration party, it already cost 5K or more. And there is no return. Even I myself already invest 10K. After this period, the minimum to join in will be 20K.

If you feel this is what you want and you are interested to find out more, you might contact me thru Whatsapp @ 98593350. We will having preview on Wednesday 8:15PM thru invitation only. You might contact me and attend the preview and find out more info.

]]>https://forum.kiasuparents.com/post/1634208https://forum.kiasuparents.com/post/1634208Tue, 26 Jan 2016 16:17:20 GMT<![CDATA[Reply to Gold on Wed, 21 Oct 2015 23:28:47 GMT]]>

starlight1968sg:
We can make the same mistakes many times too


Agreed, The saying \"once bitten, twice shy\" doesn't seem to hold true anymore.

]]>https://forum.kiasuparents.com/post/1595100https://forum.kiasuparents.com/post/1595100Wed, 21 Oct 2015 23:28:47 GMT<![CDATA[Reply to Gold on Wed, 21 Oct 2015 22:07:16 GMT]]>We can make the same mistakes many times too

]]>https://forum.kiasuparents.com/post/1595086https://forum.kiasuparents.com/post/1595086Wed, 21 Oct 2015 22:07:16 GMT<![CDATA[Reply to Gold on Wed, 21 Oct 2015 15:40:44 GMT]]>This is a pretty strange case. The investors literally got scammed, not once, but TWICE.


I suppose people never quite learn…

]]>https://forum.kiasuparents.com/post/1595065https://forum.kiasuparents.com/post/1595065Wed, 21 Oct 2015 15:40:44 GMT<![CDATA[Reply to Gold on Wed, 21 Oct 2015 15:16:25 GMT]]>

starlight1968sg:
Anybody in Au investment?

Gold investment firm director 'goes missing'
http://www.straitstimes.com/singapore/g ... es-missing
May be the news report got his name wrong. It should be either Simon Go or Simon Gold. Depends lose or win money

]]>https://forum.kiasuparents.com/post/1595056https://forum.kiasuparents.com/post/1595056Wed, 21 Oct 2015 15:16:25 GMT<![CDATA[Reply to Gold on Wed, 21 Oct 2015 14:46:31 GMT]]>I was persuaded by my friend to invest in the Genevia Gold Company n she even got her friend who is a consultant to talk to me. Told me the returns are very good (they personally invested n made some $$$) n company is reliable.


I wasn’t convinced - felt it’s too good to be true. 2 months later, I read the company was being investigated.

]]>https://forum.kiasuparents.com/post/1595043https://forum.kiasuparents.com/post/1595043Wed, 21 Oct 2015 14:46:31 GMT<![CDATA[Reply to Gold on Wed, 21 Oct 2015 12:20:17 GMT]]>Anybody in Au investment?

Gold investment firm director 'goes missing'
http://www.straitstimes.com/singapore/g ... es-missing

]]>https://forum.kiasuparents.com/post/1594984https://forum.kiasuparents.com/post/1594984Wed, 21 Oct 2015 12:20:17 GMT<![CDATA[Reply to Gold on Sat, 29 Jun 2013 05:05:02 GMT]]>Yes, I am aware of that. But I just take it as bank deposits, no banks holds 100% depositors $$ in liquid cash... a mere 5% - 10% of standard liquidity at anytime.


The difference is, we don't sell our liquid cash (I mean, us, the non FI), so any licensed bank is safe enough for us to deposit our cash... but to deposit gold, (with a certificate issued by a bank), to sell that gold deposit, that gold certificate from what bank is rather important. The issuance bank act as the primary exchange when you put up a long/short option, the spread the bank quote you is largely the median spread from its pool of selling and buying plus a small fix amount of trading charges. As far as I know, Hang Seng Bank and HSBC gold certificate and ETF has the biggest market outside London. 😉

If you hold gold bar or bullion, you end up paying more, 4-5% for the commission (mint/melt, transport, storage and its security, manpower, delivery fees etc), both way buying and selling... that robs you off 8-10% of your profit.

The next best thing is to trade at London Gold Exchange, if you are a institute sponsored member of the exchange, or get other lobang to register as a private gold trader, or go through the snobbish dealers there whom are not interested to deal for us unless you are buying/selling at tens/hundreds of LGDB (London Good Delivery Bar, each bar at 400 Troy ounces/12.4kg) per transaction.


(Nah, now you got me talking, very lo soh right, me? :evil: )

]]>https://forum.kiasuparents.com/post/1026156https://forum.kiasuparents.com/post/1026156Sat, 29 Jun 2013 05:05:02 GMT<![CDATA[Reply to Gold on Fri, 28 Jun 2013 17:27:03 GMT]]>

Harlequin:
When selling physical gold there is a spread price, so effectively one don't get the gold spot price, IMHO, unless one is a big time player, else the difference between paper gold and physical gold is insignificant.

There is counter-party risk in paper gold, ie. how do you know whether the depository that is supposedly holding 10 tonnes of gold (part of which you supposedly own) is actually holding 10 tonnes of gold?

]]>https://forum.kiasuparents.com/post/1025998https://forum.kiasuparents.com/post/1025998Fri, 28 Jun 2013 17:27:03 GMT<![CDATA[Reply to Gold on Fri, 28 Jun 2013 15:44:19 GMT]]>

shawnlim88:
Harlequin:

When selling physical gold there is a spread price, so effectively one don't get the gold spot price, IMHO, unless one is a big time player, else the difference between paper gold and physical gold is insignificant.


hi Harlequin,

agreed. the difference in paper gold is that you can long / short the Gold ( as in Hang Seng Bank, ProGold account as you mentioned) whereas physical gold you can only buy and keep for the price to appreciate and the sell.

so for Hang Seng Bank, ProGold account, the service charge is included in the price quote ( bid/offer spread ). how big is the spread is it?

cheers
shawnlim

I got the preferential rate, 0.125- 0.25%.... so you see, the preferential rate is actually not much better than UOB one.

]]>https://forum.kiasuparents.com/post/1025963https://forum.kiasuparents.com/post/1025963Fri, 28 Jun 2013 15:44:19 GMT<![CDATA[Reply to Gold on Fri, 28 Jun 2013 15:40:21 GMT]]>

Harlequin:
When selling physical gold there is a spread price, so effectively one don't get the gold spot price, IMHO, unless one is a big time player, else the difference between paper gold and physical gold is insignificant.

hi Harlequin,

agreed. the difference in paper gold is that you can long / short the Gold ( as in Hang Seng Bank, ProGold account as you mentioned) whereas physical gold you can only buy and keep for the price to appreciate and the sell.

so for Hang Seng Bank, ProGold account, the service charge is included in the price quote ( bid/offer spread ). how big is the spread is it?

cheers
shawnlim

]]>https://forum.kiasuparents.com/post/1025960https://forum.kiasuparents.com/post/1025960Fri, 28 Jun 2013 15:40:21 GMT<![CDATA[Reply to Gold on Fri, 28 Jun 2013 15:22:50 GMT]]>When selling physical gold there is a spread price, so effectively one don’t get the gold spot price, IMHO, unless one is a big time player, else the difference between paper gold and physical gold is insignificant.

]]>https://forum.kiasuparents.com/post/1025944https://forum.kiasuparents.com/post/1025944Fri, 28 Jun 2013 15:22:50 GMT<![CDATA[Reply to Gold on Fri, 28 Jun 2013 15:15:56 GMT]]>But physical gold must find somewhere to keep… Is UOB the only S’pore bank that deals with gold?

]]>https://forum.kiasuparents.com/post/1025938https://forum.kiasuparents.com/post/1025938Fri, 28 Jun 2013 15:15:56 GMT<![CDATA[Reply to Gold on Fri, 28 Jun 2013 10:17:01 GMT]]>

shawnlim88:
dear Puffer,


for UOB cash gold account, you can only buy low, sell high. ( ie long trade ).

there is the bid-offer spread ( eg, 75.15 / 75.65 per gram)
so if you buy 100 gm and sell 100 gm immediately, you lose S$50 already.

and also the maintenance fee. I don't know how much it is.

just my view.
Thank you Shawn for the advice. Based on UOB's website: \"For Gold Savings Account: The administrative fee is calculated on a monthly basis at 0.25% p.a. of the highest gold balance each month, subject to a monthly minimum charge of 0.12grams of gold...\"

I think better to get physical gold, no?

]]>https://forum.kiasuparents.com/post/1025817https://forum.kiasuparents.com/post/1025817Fri, 28 Jun 2013 10:17:01 GMT<![CDATA[Reply to Gold on Fri, 28 Jun 2013 08:40:06 GMT]]>

micollh:
Harlequin:




Yes, gold price will drop further, I am looking at USD1,100 by year end, USD900 by March 2014.

(Just for your reference, don't take my words too seriously hor 😄 )

can share where u r buying? stock market ?

Opps, sorry... just saw this.

I trade with Hang Seng Bank, ProGold account. Mainly buying \"paper gold\", no delivery of physical gold, can long or short... but the price quoted is added with service charges.

Through ProGold account, can buy ETF gold too.

]]>https://forum.kiasuparents.com/post/1025770https://forum.kiasuparents.com/post/1025770Fri, 28 Jun 2013 08:40:06 GMT<![CDATA[Reply to Gold on Fri, 28 Jun 2013 08:23:46 GMT]]>

shawnlim88:
gold could go down further to 1100. my view.

Gold broke 1200 temporarily and now is 1204

http://www.reuters.com/article/2013/06/28/markets-precious-idUSL3N0F40BX20130628
PRECIOUS-Gold near 3-year low, heads for worst quarter since 1968

btw,Jim Rogers is buying gold as reported below
http://blogs.marketwatch.com/thetell/2013/06/14/jim-rogers-on-bond-bubbles-buying-gold-and-the-japan-disaster/

http://www.proactiveinvestors.com/columns/casey-research/4276/jim-rogers-i-bought-more-gold-todaybull-market-far-from-over-4276.html
Jim Rogers: I Bought More Gold Today…Bull Market Far From Over
Tue 2:31 pm by Ed Steer
¤ YESTERDAY IN GOLD & SILVER
Not surprisingly, gold got sold down right from the time that trading began in the Far East at 8:00 a.m. in Hong Kong. An interim low was in just minutes before the London open...and from there it didn't do much until the 8:20 EDT Comex open in New York.

The rally that began at that time, ran into a seller of last resort at 9:00 a.m....and then it was all down hill until 1:00 p.m. EDT. The rally from that point lasted until 2:45 p.m...and then it got sold down for about thirty minutes before trading sideways into the 5:15 p.m. electronic close.

The low tick at 1:00 p.m. EDT was recorded by Kitco at $1,275.40 spot...and the high...around $1,301 at the 8:00 a.m. open in Hong Kong.

Gold closed at $1,282.60 spot...down an even $16.00 on the day. Gross volume, with the lion's share being of the high-frequency trading variety, was around 172,000 contracts.

PS: this is not an investment advice.
just CnP

]]>https://forum.kiasuparents.com/post/1025762https://forum.kiasuparents.com/post/1025762Fri, 28 Jun 2013 08:23:46 GMT<![CDATA[Reply to Gold on Fri, 28 Jun 2013 05:29:55 GMT]]>

Puffer:
May I know....cash gold account with bank (i.e. UOB), with its maintenance fees, will it be worth opening an account?

dear Puffer,

for UOB cash gold account, you can only buy low, sell high. ( ie long trade ).

there is the bid-offer spread ( eg, 75.15 / 75.65 per gram)
so if you buy 100 gm and sell 100 gm immediately, you lose S$50 already.

and also the maintenance fee. I don't know how much it is.

just my view.

]]>https://forum.kiasuparents.com/post/1025647https://forum.kiasuparents.com/post/1025647Fri, 28 Jun 2013 05:29:55 GMT<![CDATA[Reply to Gold on Fri, 28 Jun 2013 04:43:53 GMT]]>May I know…cash gold account with bank (i.e. UOB), with its maintenance fees, will it be worth opening an account?

]]>https://forum.kiasuparents.com/post/1025612https://forum.kiasuparents.com/post/1025612Fri, 28 Jun 2013 04:43:53 GMT<![CDATA[Reply to Gold on Thu, 27 Jun 2013 16:21:07 GMT]]>gold could go down further to 1100. my view.

]]>https://forum.kiasuparents.com/post/1025365https://forum.kiasuparents.com/post/1025365Thu, 27 Jun 2013 16:21:07 GMT<![CDATA[Reply to Gold on Tue, 25 Jun 2013 05:45:15 GMT]]>Another alternative to consider, http://www.goldsilvercentral.com.sg/

]]>https://forum.kiasuparents.com/post/1023876https://forum.kiasuparents.com/post/1023876Tue, 25 Jun 2013 05:45:15 GMT<![CDATA[Reply to Gold on Fri, 14 Jun 2013 17:02:36 GMT]]>Can try buying gold and silver here: http://www.goldclubasia.com/forum/

That is the forum where the local PM lovers hang out at.

]]>https://forum.kiasuparents.com/post/1018916https://forum.kiasuparents.com/post/1018916Fri, 14 Jun 2013 17:02:36 GMT<![CDATA[Reply to Gold on Fri, 24 May 2013 09:14:44 GMT]]>my colleagues did. bought gold coins and gold bars.


wat do you think is the potential for gold? can share?

my colleague bought as educational funds for kids. so muz keep in the safe for a long time. 😮

]]>https://forum.kiasuparents.com/post/1009252https://forum.kiasuparents.com/post/1009252Fri, 24 May 2013 09:14:44 GMT