Yes sir, so, when can i have this ?  aiming for only 1500.

wow..that's a 143x bagger!

Any brokerage !    Its like buying any stock in SGX.  You can just use internet click this stock and buy using US$ or S$.

Remember, this counter is  Per Share and not per lot. 

I bought 98.00 x 100 shares = 9800.00 (US$)  have not included brokerage fee.

Alexchia, same view as you,  buying GLD10 US$  is much easier to control at our own convenience.  If things not right, just click and sell .   Unlike gold bar, must go UOB and transact., troublesome.

Thanks a lot for all the info. Think, like you, will just buy the Gold shares. For Silver, only go to UOB :)

And also thanks for the info on the 'delay' of UOB  prices..

Cannot tell you where I keep my physical gold lah.

Wait you come and rob me how?

I've both but, I'm closing my UOB Gold Savings Account.

In term of fees, at the end, the difference is not that much.

I'm closing UOB Gold Savings Account because to Buy/Sell Gold with UOB, I have to go physically to a UOB branch to do the transaction, but I don't have one near my place. Unless you have a branch close to your home, you may find this quite troublesome.

GLD 10US$, on the other hand, is traded like any other shares. I can Buy/Sell from my computer almost immediately. This is why I'm switching my holdings to GLD 10US$.

The advantage with UOB Gold Savings Account is that their rate is lagging to the market gold price movement. I think they update their rate twice a day. This allow you to trade at a better price because you can Buy/Sell Gold before they change their rate.

You have to decide for yourself, which sites you best.

Good luck.

where you keep the physical gold? safety deposit box or under your bed?

It could be a liability to keep those physical gold... even if you keep it  oversea, like in HK, make sure you don't keep it in DBS... 

They did throw away some peoples's safety boxes before...

Don't get me wrong.

I did not say Physical Gold is better. Paper Gold is just as good.

I just have a passion for physical gold and collection them. That's why I buy physical gold.

Physical Gold is good for long-term keep, because their value will always be around. If there is a national or global crisis, having gold is good because you can easily carry them around and they are recognized worldwide.

Paper Gold is good for trading, because you can buy and sell them easily without much price depreciation.

You are right that if UOB goes bankrupt like Lehman, your paper gold will also become worthless, but I don't think you have to worry about that because Singapore Banks have strong balance sheet than US banks.

Good luck.

Thanks a lot for the info.

Actually wanted to buy but looking at the buying and selling price of physical gold in UOB site, the paper gold looks much more attractive. Can advice why physical gold is better? If I'm not wrong the paper gold will only be worthless if UOB follow Lehman right?

Yes. UOB Gold Savings Account is considered as paper gold.

Yes. It is 100% linked to Gold. If the Gold Price goes up 10%, the Buying/Selling price also goes up 10%.

However, you need to know that this UOB Gold Account is in SGD, whereas Gold is internationally traded in USD.

So you have to factor in the exchange rate.