Category: Gold; silver

The Myths about Gold Bullion

gold
This article is extracted from BullionStar, a Singapore online bullion company where you can buy gold and silver at competitive prices.

Despite the surge in financial risks during the Great Recession, gold bullion continues to be absent in most institutional and individual investment portfolios. Global pension funds and insurance companies with trillions of dollars’ worth of assets continue to overlook gold as a form of sustainable wealth protection insurance. Many individuals have also misunderstood gold and ignored the substantial benefits of owning gold. All these misconceptions are due to the prevailing myths about gold bullion ownership.

Bullion
One of the top myths is that gold is a bad investment compared to equities. This myth seems to have its roots in the 1979-1980 rally when gold reached $850 per ounce. Those who had bought gold during this peak cycle would have to wait for about twenty-eight long years in order to break even. However, those who bought gold on 15 August 1971, when President Nixon cut the link between gold and the dollar, would have a different story to tell. Gold was priced at $38.90 per ounce and those who purchased at that time would have enjoyed a gain of about 5000

BullionStar Singapore’s Gold & Silver Products

BullionStar offers brand new gold bars from well-renowned LBMA certified producers. The manufacturers BullionStar works with include Heraeus and PAMP Suisse.
Renowned for 160 + years, BullionStar’s partner mint Heraeus produces gold bars from 1 gram to 1 kilogramBullionStar is also proud to offer bullion products from PAMP Suisse, one of the world’s leading bullion brands well known for its attractively designed products.

Silver Bars are available in sizes from 31,1 gram (1 troy oz) to 31,1 kg (1000 troy oz). BullionStar offers different LBMA certified brands including Heraeus, PAMP Suisse, Royal Canadian Mint & Johnson Matthey bars.
For a larger investment in silver, BullionStar offers very attractive silver bars in the sizes of 1 kg, 100 oz and 1000 oz.

Even for the astute investor, it might be worthwhile to also consider gold coins rather than only gold bars. Some of the following advantages can be attributed to gold coins compared to gold bars.
– Coins are more suitable in a scenario where precious metals return as money or means of payment.
– Small units carry higher premiums when shortages appear.
– Coins can be sold or consumed individually.

BullionStar carries a wide assortment of different gold coins

The Silver Bull Market: Investing in the Other Gold

In The Silver Bull Market: Investing in the Other Gold, Shayne McGuire examines the vital investment considerations about silver alongside the significant drivers of the metal’s bull market. Although silver moves closely with gold in financial markets, it differs from its sister metal in that more than half of demand is derived from multiple industrial processes.

While its significant reliance on film photography has ended, today silver’s industrial demand is driven by technological progress (brazing alloys and solders, smart phones, tablets, plasma panels and new applications like silk-screened circuit paths and radio frequency ID tags); photovoltaics (solar panels); and new medical applications (silver is both biocidal and highly conductive).

Though Warren Buffett disdains gold for its lack of utility, he regards silver differently: in the late 1990s, he purchased 130 million ounces, one-fifth of global production at the time. After outperforming virtually all other investment classes for more than a decade, gold is being reincorporated into the financial system as an asset deserving a position, large or small, in mainstream diversified portfolios. Leaving aside the metal’s rediscovered diversification benefits (it tends to go in the opposite direction when stocks go down sharply), gold has risen as a viable investment alternative

UOB Gold Saving Account

I sold off my holdings in my UOB Gold Saving Account during the 1st week of December and made 5% return on my investments. It was quite a decent profit considering the fact that I held the investment for only 3 weeks.

Nowadays you will not be able to get this amount of profit even if you put your money in a fixed deposit account. The best thing about UOB Gold Saving Account is the liquidity: you can sell off your investment anytime you want and make quick profits!

Gold Savings Accounts (GSA)/Silver Savings Accounts (SSA) can be opened at any UOB branch in Singapore from Mondays to Fridays during banking hours. You may choose to have a passbook or receive statements of accounts in respect of your GSA or SSA.

Investing in UOB Gold Saving Account is relatively straightforward but investors need to be aware of the risk involved. The gold and silver market is volatile and that the investments in gold and silver are not guaranteed by the Bank nor insured under the Deposit Insurance Scheme. So during a financial crisis, there may be a remote possibility of losing all your investments in the gold saving account.

But …