GLD USD    Last:430.89    -0.11

Gold going up this year?

how is this work? why the price is not correlate to Gold trading??

niuyear      ( Date: 12-Jul-2010 14:42) Posted: hahaha.  if this stock is  trading at US1500 in SGX ,    then gold spot will be trading at 1000 times more than now (1,209).   I musst be dreaming.! ozone2002      ( Date: 12-Jul-2010 11:44) Posted: wow..that's a 143x bagger!

 

hahaha.  if this stock is  trading at US1500 in SGX ,    then gold spot will be trading at 1000 times more than now (1,209).   I musst be dreaming.!

ozone2002      ( Date: 12-Jul-2010 11:44) Posted: wow..that's a 143x bagger! niuyear      ( Date: 12-Jul-2010 11:14) Posted: if this will hit high of 1500 minus my investment at US$98.00 my profit US$ 14000.00 +/-, enough to pay for my travelling expenses. I am glad i  bought this instead of leaving the US$ in the bank earning leass than 0.05 %

 

in due time...my fren

i'm accumulating physical gold each time it dips..i'm in it for the long term..

 

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

ozone2002      ( Date: 12-Jul-2010 11:44) Posted: wow..that's a 143x bagger! niuyear      ( Date: 12-Jul-2010 11:14) Posted: if this will hit high of 1500 minus my investment at US$98.00 my profit US$ 14000.00 +/-, enough to pay for my travelling expenses. I am glad i  bought this instead of leaving the US$ in the bank earning leass than 0.05 %

 

wow..that's a 143x bagger!

niuyear      ( Date: 12-Jul-2010 11:14) Posted: if this will hit high of 1500 minus my investment at US$98.00 my profit US$ 14000.00 +/-, enough to pay for my travelling expenses. I am glad i  bought this instead of leaving the US$ in the bank earning leass than 0.05 %

 

Thanks, though the invested amount is $98 for $14,000.

 

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.

fruitty      ( Date: 12-Jul-2010 11:16) Posted: Hi nuiyear, is that margin account? How does it work? And which investment firm to open an account with? niuyear      ( Date: 12-Jul-2010 11:14) Posted: if this will hit high of 1500 minus my investment at US$98.00 my profit US$ 14000.00 +/-, enough to pay for my travelling expenses. I am glad i  bought this instead of leaving the US$ in the bank earning leass than 0.05 %

 

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.

poboxfor      ( Date: 12-Jul-2010 10:52) Posted: 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.. alexchia01      ( Date: 12-Jul-2010 10:06) Posted: 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.

 

Hi nuiyear, is that margin account? How does it work? And which investment firm to open an account with?

niuyear      ( Date: 12-Jul-2010 11:14) Posted: if this will hit high of 1500 minus my investment at US$98.00 my profit US$ 14000.00 +/-, enough to pay for my travelling expenses. I am glad i  bought this instead of leaving the US$ in the bank earning leass than 0.05 %

 

if this will hit high of 1500 minus my investment at US$98.00 my profit US$ 14000.00 +/-, enough to pay for my travelling expenses. I am glad i  bought this instead of leaving the US$ in the bank earning leass than 0.05 %

 

Thanks Alex, learnt alot more from u too :)

 

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..

alexchia01      ( Date: 12-Jul-2010 10:06) Posted: 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. poboxfor      ( Date: 12-Jul-2010 08:55) Posted: Yah, physical gold is so much more nicer :) Think I'm in for paper gold. Now I have 2 to consider: 1) SGX's SPDR Gold - one time charge like normal shares purchase but no annual charge -  depends on the World Gold Trust Services, LLC ("WGTS") / World Gold Council ("WGC") company 2) UOB's Gold Savings Account - monthly charge but  no one time sales charge - depends on the UOB bank (agreed on strong balance)  Any recommendations?

 

Cannot tell you where I keep my physical gold lah.

Wait you come and rob me how?

alooloo      ( Date: 12-Jul-2010 09:26) Posted: 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... alexchia01      ( Date: 12-Jul-2010 01:38) Posted: 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.

 

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.

poboxfor      ( Date: 12-Jul-2010 08:55) Posted: Yah, physical gold is so much more nicer :) Think I'm in for paper gold. Now I have 2 to consider: 1) SGX's SPDR Gold - one time charge like normal shares purchase but no annual charge -  depends on the World Gold Trust Services, LLC ("WGTS") / World Gold Council ("WGC") company 2) UOB's Gold Savings Account - monthly charge but  no one time sales charge - depends on the UOB bank (agreed on strong balance)  Any recommendations?

 

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...

alexchia01      ( Date: 12-Jul-2010 01:38) Posted: 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. poboxfor      ( Date: 12-Jul-2010 00:02) Posted: 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?

 

Yah, physical gold is so much more nicer :)

Think I'm in for paper gold. Now I have 2 to consider:

1) SGX's SPDR Gold
- one time charge like normal shares purchase but no annual charge
-  depends on the World Gold Trust Services, LLC ("WGTS") / World Gold Council ("WGC") company

2) UOB's Gold Savings Account
- monthly charge but  no one time sales charge
- depends on the UOB bank (agreed on strong balance) 

Any recommendations?

 

 

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.

poboxfor      ( Date: 12-Jul-2010 00:02) Posted: 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? alexchia01      ( Date: 11-Jul-2010 23:35) Posted: 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.

 

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?

alexchia01      ( Date: 11-Jul-2010 23:35) Posted: 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. poboxfor      ( Date: 11-Jul-2010 21:32) Posted: Does UOB's "Gold Savings Account" considered as paper gold? Anyone know if the  "Gold Savings Account" is 100% linked to gold? i.e if Gold goes up 10%, the buying price of the account is also up by 10%?

 

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.

poboxfor      ( Date: 11-Jul-2010 21:32) Posted: Does UOB's "Gold Savings Account" considered as paper gold? Anyone know if the  "Gold Savings Account" is 100% linked to gold? i.e if Gold goes up 10%, the buying price of the account is also up by 10%? alexchia01      ( Date: 11-Jul-2010 14:13) Posted: I'll be buying both Physical and Paper Gold. My Physical Gold is for long-term keep and my Paper Gold is for Trading. I'm a collector of Gold Bars, so I prefer to buy Gold Bars more than Gold Coins. Good luck to you.

 

I think it is better to keep physical gold with you in a safe... invest a safebox at home.. gold is good for emergency... lol...