Month: August 2014
Singaporeans lost money in another bogus investment opportunity
Job opportunities & new products from BullionStar
Discounted price for 1 oz Gold Philharmonics 2013 & 2014
Only spot price of gold + 3.9 % regardless of quantity bought.
Valid until 31 August or as long as stocks last.
The Austrian Gold Philharmonics is Europe’s most popular bullion investment gold coin and is well known around the world.
Available in limited quantity only. Get yours today!
BullionStar is Hiring!
BullionStar’s new bullion retail shop has been very well received by customers and stakeholders.
In view of rapid business expansion, we are recruiting! We seek individuals who are interested to work in a dynamic team-oriented environment.
17 Proven Currency Trading Strategies – How to Profit in the Forex Market
With an average of $4.3 trillion exchanged daily, the forex market is considered to be the largest market in the world. Given the sheer size of this market, it would be foolish to ignore the impact of forex, never mind whether you are finance or business professionals who are not currently involved in forex trading.
Always remember that capital flows into a country first before it flows into any financial assets. This is the reason why some local listed companies declared their earnings in foreign currencies in their annual reports instead of Singapore dollars. The exchange rates can have significant impact on the business impact and this is something that investors and business owners can ill afford to ignore.
CPF Investment Scheme for gold bullion
In my research on gold bullion investments in Singapore, I found out that Singaporeans can actually use their CPF Ordinary Account to invest in gold bullion. Interestingly, UOB is the only agent authorised by CPF to sell physical gold using CPF savings and if you wish to invest in gold, you need to set up an investment account with UOB.
There is a limit to the amount you can use for gold investment and it is capped at 10% of your investible saving for gold bullion (if you have more than $20,000). Now, a few questions had been bugging me.
What if I sold the gold bullion bought from UOB to another dealer? How is CPF going to make me return the proceeds back to my CPFIS or OA account? If the policy does not address this aspect, does this mean that this is a potential loophole for investors to liquidate their CPF monies before turning 55 years old (without giving up their citizenship or ending their lives)? Out of curiosity, I wrote in to the CPF Board to find out more details. If you are interested to know more, read on.
SGX announced major changes to share trading
(ii) Collateral requirement for securities trading. To require securities intermediaries to collect minimum 5% of collateral from their customers for trading of listed securities to promote financial prudence. This will help mitigate the risk of excessive leverage assumed by investors. It will also reduce reliance on remisiers to manage the credit risk exposures of customers. Institutional investors, trades settled through delivery-versus-payment mode, and funds from the Central Provident Fund and Supplementary Retirement Schemes will be exempted from the collateral requirement.(iii)
What does progressive income tax means to Singaporeans
BullionStar’s opening ceremony
Ladies & Gentleman,
I would like to thank you for your precious time attending BullionStars opening ceremony.
We are honored here today by the presence of our Guest of Honor, Ms. Karin Öhman, chargé d’affaires of Sweden to Singapore.
A special thanks to the Singaporean government and IE Singapore for your presence here today and moreover for facilitating for the bullion industry in Singapore.
I found out about Singapore’s bid to create a trading hub for precious metals in the spring of 2012 after Singapore’s finance minister, Mr. Tharman Shanmugaratnam, had announced the GST exemption for investment precious metals coming into effect 1 October 2012.
With the Asian demand for gold currently standing at 60 % of total global demand, and growing quickly, Singapore´s drive to create a hub for precious metals is well timed.
On my first research trip to Singapore in July 2012, I received the contact information to IE Singapore from a supplier of ours.