Buy Gold and property

[star]

I like asset like gold bars and property. Only assets that i can feel, see and touch. Paper money is getting worthless every year.

[Sleepyhead]

what is the best way of buying gold? many banks here sell trackers of gold index, but not physical gold right?

[DC33_2008]

UOB can buy gold that can be touch.

what is the best way of buying gold? many banks here sell trackers of gold index, but not physical gold right?

[leesg123]

I like asset like gold bars and property. Only assets that i can feel, see and touch. Paper money is getting worthless every year.

I totally agree!

[minority]

storage cost u $$$

[yowetan]

Hi...Is it the right time to get physical gold now? What's the opinion on the precious metal prospect now?

[radha08]

genevva gold...

[vip]

Physical

UOB sells gold bars with no GST from 1 October.

For physical silver, it is better to buy from companies with an office in Singapore, e.g. Silver Bullion.

Paper

If you are a petite lady like me (and find lifting dumbbells and carrying a toddler the maximum weight you can handle), you have no choice but to buy gold certificates or apply for a gold and/or silver saving account.

UOB is the only bank in Singapore that offers both gold and silver saving accounts. I have applied for both. Below are my two-cent worth on their pros and cons:

Cons:
1) There is an annual administrative fee, deducted from the total gram or ounce of your possession.

2) You have to be physically there at their branches during office hours to buy/sell, showing your IC and your gold/silver saving book.

3) Since end of last year, you can no longer buy/sell on Saturday mornings.

Pros:
1) The rates are published on their website (under "Precious Metals") with good transparency.

2) You can apply for a UOB privilege banking account (with S$350K overall in the account) to use the "special queue" for privilege banking customers to buy/sell - a great way to save queuing time.

Do take note that gold/silver prices are converted from US dollars. You are taking the double return/risk from gold/silver prices and US dollars.

Hope this helps.

[Localite]

Property has instrinsic value, rental and has use.

I would rather buy property than gold.

But gold you can buy smaller chunks, like shares.

[vip]

Property has instrinsic value, rental and has use.

I would rather buy property than gold.

But gold you can buy smaller chunks, like shares.

I think they are two different asset classes.

You buy gold because you don't trust the dollar and the paper money.

You buy properties for accommodation and rental return.

Both have the probability to rise and fall in prices.

The cycle of gold is much longer than properties. For gold, it drops from the peak of $850 in 1980 to $285 in 1985 and didn't do much for almost 25 years until it picks up again in 2005.

One thing for properties, the price can drop below zero - when the price is lower than the combination of material cost, labour cost, etc. See what's happening in many parts of US after the sub-prime crisis.

[buttercarp]

If you buy gold bars, where is the best place to hide it?

[yowetan]

If you buy gold bars, where is the best place to hide it?

I will erect a wall partition in my living area.

[PN]

If you buy gold bars, where is the best place to hide it?

Keep it in the storage inside the bed. It'll be the best bed you'll ever have.

[buttercarp]

Keep it in the storage inside the bed. It'll be the best bed you'll ever have.

I won't be able to sleep well .
If you keep it at home, then will you leave it there when you go on vacation?

Where is the best place to keep gold bars?

[irisng]

I won't be able to sleep well .

Where is the best place to keep gold bars?

最危险的地方就是最安全的地方

[PN]

最危险的地方就是最安全的地方

Sis 你是金庸迷？

[buttercarp]

Sis 你是金庸迷？

No, cos I get eye strain when I read chinese novels.
But of course, I watched the serials.

[phantom_opera]

Sis 你是金庸迷？

I thought is 古龙　

天涯远不远?其实一点也不远 人在天涯,天涯还远吗??
明月是什么颜色??蓝色,像海一样蓝,一样深,一样忧郁..
明月在哪??就在他的心里,他的心就是明月..

刀呢??就在他的手里..那是一个什么样的刀??

天涯明月刀!!!!!

[PN]

I thought is 古龙　

天涯远不远?其实一点也不远 人在天涯,天涯还远吗??
明月是什么颜色??蓝色,像海一样蓝,一样深,一样忧郁..
明月在哪??就在他的心里,他的心就是明月..

刀呢??就在他的手里..那是一个什么样的刀??

天涯明月刀!!!!!

Oops. 我老人痴呆。精神混乱。

You're right. Should be 古龙.　

[buttercarp]

I thought is 古龙　

LOL.... I tot we talking about gold, not dragon?

[PN]

LOL.... I tot we talking about gold, not dragon?

古龙, 金庸 & Gold are related.

古往今来龙的传人都爱庸俗的金。

[buttercarp]

古龙, 金庸 & Gold are related.

古往今来龙的传人都爱庸俗的金。

Wow....you power!
Did you form that sentence yourself?

[hyenergix]

Property is probably a better buy now. I suppose many westerners are shifting their bases to Asia. The fluctuations in gold prices is not for the weak hearted.

[radha08]

I think they are two different asset classes.

You buy gold because you don't trust the dollar and the paper money.

You buy properties for accommodation and rental return.

Both have the probability to rise and fall in prices.

The cycle of gold is much longer than properties. For gold, it drops from the peak of $850 in 1980 to $285 in 1985 and didn't do much for almost 25 years until it picks up again in 2005.

One thing for properties, the price can drop below zero - when the price is lower than the combination of material cost, labour cost, etc. See what's happening in many parts of US after the sub-prime crisis.

if that ever happens in spore it will be doomsday....

[irisng]

LOL.... I tot we talking about gold, not dragon?

gold = 金
dragon = 龙

so join together becomes 金龙 . Sorry just joking.

My sister-in-law called me last week asking me whether I want to invest in gold or not. UOB is selling at Raffles Place. If I'm not wrong, she said the gold price now is about 1 oz > US$1k+, but I think I still prefer property because if you don't rent it out, you still can stay or pass it to your children when you are not around.

[star]

Add some gold bars to my collection today at $1714/oz. rebounce coming.