Gold account
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Hi. I wish to open a Gold account. Anyone know any bank that have this services ?
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you mean u want to buy gold as a comodity for investment right?
there are several ways you can do it. are u wanting to buy gold physically or just want to old gold equities? -
So far i know UOB and DBS.
it's funny, your bank book is in grams and kilos... not $ figure. -
ya.. for investment la.. hold the gold for what, wait invite thief then leow ..Originally posted by faroukalhadad:you mean u want to buy gold as a comodity for investment right?
there are several ways you can do it. are u wanting to buy gold physically or just want to old gold equities? -
ya, like some kind of saving account. this one can buy and sell ... you know how the thing work?Originally posted by Ponders:So far i know UOB and DBS.
it's funny, your bank book is in grams and kilos... not $ figure. -
only seen in UOB
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If your considering gold as a choice for speculation and investment, perhaps you might want to buy into gold ETFs instead.Originally posted by ANTI SMOKER:ya, like some kind of saving account. this one can buy and sell ... you know how the thing work? -
What's ETF ?Originally posted by Paradise Lost:If your considering gold as a choice for speculation and investment, perhaps you might want to buy into gold ETFs instead. -
I rather have the physical gold at home than at bank; can use the gold bar as a golden pillow to sleep also very nice nice wheeling...Originally posted by ANTI SMOKER:Hi. I wish to open a Gold account. Anyone know any bank that have this services ?
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UOB hv gold savings acct.... there are maintenance fee annually if u hv gold
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only uob has the gold saving acct. i myself has this acct. not bad, earn near to 3k within 4 months.
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ETF is exchange traded fund.Originally posted by ANTI SMOKER:What's ETF ?
go finance.yahoo.com and enter "o87.si" in Quote.
basically it is a Fund that is traded on SGX as if it is stock. but the price of the stock is based on few indices (gold spot price).
if you notice the price is close to 10% of what gold spot is. -
it's best to get physical gold. Gold accounts don't have gold in them. It's just a lie that people are willing to believe.
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Yup, i rather go buy bonds and keep it in bank safes. Gold is the only thing that will always be precious and will not lose it's standing in the economy. Even after 500 years. Touch wood for apocalypse to come, gold will still be worthing a fortune due to the scarcity of this element.
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Great timing considering gold is at one of it's highest prices now.
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doesn't that mean it would be going down soon?Originally posted by Jem777:Great timing considering gold is at one of it's highest prices now. -
even if it goes down, it's still very valuable though
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Probably, cyclical no? So why buy now when it's going to go down in the future. I haven't seen gold charts in a while (commodities trading isn't my thing), so I can't say for sure. Where's Mr Andrewkyp or something when you need him.Originally posted by oldbreadstinks:doesn't that mean it would be going down soon?