Physical Gold Investment Singapore
In this 'Physical Gold Investment Singapore' blogspot site, we bring you some information on investing in physical gold products that are available in the Singapore gold investment market.
What are the various types of physical gold investment Singapore?
In most investors' minds, physical gold investment Singapore would come in the form of gold bars. Gold bars that weigh 10 kilograms sitting in a bank vault while waiting for a bank heist to take place like those shown on Singapore TV.
Our physical gold investment Singapore that we would like to highlight are gold bullion coins. Selected banks in Singapore offer to buy and sell gold bullion coins to gold investors.
Some physical gold investors prefer to keep such gold bullion coins as a form of financial security as it is believed that gold provides investor as a hedge against sharp downturn in the value of paper money.
Others perfer the security of physical gold investment as a form of tradeable properrty, like paper currency.
One drawback of buying physical gold investment Singapore product like gold bullion coin is that you have to pay the goods and services tax on the purchases. At 7%, the goods and services tax (GST) takes a chunk out of your investment.
Physical gold investment Singapore can be performed in Singapore. The main question to ask is: can you make money on physical gold investment in Singapore?