Buying Gold/Silver for long term investment?

[Rosschang]

Was having a chat with a friend who'd been buying Silver every month for investment (paper and actual silver)

 

Why silver I ask, as compare to gold, he say Silver fluctuate more than gold.

 

I'm a bit skepticle on this fluctuation thingi. is it true that Silver is a better investment commodity compare to gold?

 

and where can you buy gold in singapore? UOB? what are other charges besides the implied 7% GST?

 

I'm looking at setting aside a few hundred every month to load up bits by bits...

[Danialamirulasraf]

true. but real estate is still the best vehicle.

[Itsec]

  On 7/25/2011 at 6:38 AM, Rosschang said:

Was having a chat with a friend who'd been buying Silver every month for investment (paper and actual silver)

 

Why silver I ask, as compare to gold, he say Silver fluctuate more than gold.

 

I'm a bit skepticle on this fluctuation thingi. is it true that Silver is a better investment commodity compare to gold?

 

and where can you buy gold in singapore? UOB? what are other charges besides the implied 7% GST?

 

I'm looking at setting aside a few hundred every month to load up bits by bits...

 

 

when silver past 50 marks.. there's no turning back liao..... probably happen after QE3..

 

want to load.. load asap..

 

[Sabbie]

  On 7/25/2011 at 6:38 AM, Rosschang said:

Was having a chat with a friend who'd been buying Silver every month for investment (paper and actual silver)

 

Why silver I ask, as compare to gold, he say Silver fluctuate more than gold.

 

I'm a bit skepticle on this fluctuation thingi. is it true that Silver is a better investment commodity compare to gold?

 

and where can you buy gold in singapore? UOB? what are other charges besides the implied 7% GST?

 

I'm looking at setting aside a few hundred every month to load up bits by bits...

 

let me the investment guru answer you, but wrong don't whack me....the easieset way to buy gold is buy the gold etf imo, of cos you can buy gold bars, coins, etc from uob but transactional costs is higher.....if just a few hundred per mth then etf should be the way....as for silver, well as a percentage it is more violatile, whether it is a better commodity only time can tell, the consensus is the silver is undervalued compared to gold if you take the historial ratio of silver to gold

[Ithunk]

the price of gold is 1600 now

 

it was 900 2 years ago

[Sabbie]

silver was 16 compared to 40 now

[Yewheng]

Gold will continue to rise and dollar will continue to drop.

 

http://m.youtube.com/watch?desktop_uri=htt...pI9Lw&gl=US

[Help1]

yep, lucky bought during mid 2009 :)

[Solar]

  On 7/28/2011 at 9:54 AM, Yewheng said:

Gold will continue to rise and dollar will continue to drop.

 

http://m.youtube.com/watch?desktop_uri=htt...pI9Lw&gl=US

 

yes, i've been hearing the relation with US$.

so... with the US gahmen going bankrupt with their trillion-dollar debt and dragging the world down with them, what will happen to the value of gold and silver?

Edited August 15, 2011 by Solar

[Itsec]

gold/silver will hit a peak before revert to another fiat $$ system

 

it happened before.. so it gonna happen again..

 

long term = physical

short term = paper

Edited August 15, 2011 by Itsec

[Itsec]

actually.. i wish to let the thread faded about the recent gold/silver saga in forum.... but i think this video summaries almost everything... ignore the conspiracies..but this is definitely an wake up call for those who wan to know.. hence, i share this video with those who appreciate, bought his book and of course i'm loading silver as i'm typing this... i do it kinda of late...but i will keep all my spare cash for physical silver..

 

please spend some time go thru it... i apologies and regret if you have waste your time on this video after listening to me..

 

 

[Camrysfa]

  On 7/28/2011 at 9:54 AM, Yewheng said:

Gold will continue to rise and dollar will continue to drop.

 

http://m.youtube.com/watch?desktop_uri=htt...pI9Lw&gl=US

 

 

 

http://www.channelnewsasia.com/news/singapore/paying-people-their-worth/1431004.html

 

 

SINGAPORE: How would you like to be paid your worth in gold? Singapore-based precious metals dealer BullionStar is doing just that, by rewarding staff with the commodity as salary, and it says it is the first in the country to do so.

• Here is how it works: If, for example, you earn S$3,200 a month, you can choose to be paid in two gold bars each worth S$1,600. Theoretically, if you are a high earner drawing a pay of S$51,000 a month, you can choose to be paid with a one-kilogram gold bar.

Sales manager Vincent Tie is one of six employees at BullionStar who has opted to receive his salary in bullion. About 20 to 40 per cent of the 38-year-old's basic pay is given in gold.

• "If I save in a paper currency in a bank, the interest paid to me cannot beat the rate of inflation, so essentially I am losing purchasing power. That means that I am buying less with my wealth," said Mr Tie on why he went for the heavy metal option.

[Yewheng]

  On 10/23/2014 at 10:08 PM, Camrysfa said:

<p> http://www.channelnewsasia.com/news/singapore/paying-people-their-worth/1431004.html SINGAPORE: How would you like to be paid your worth in gold? Singapore-based precious metals dealer BullionStar is doing just that, by rewarding staff with the commodity as salary, and it says it is the first in the country to do so.

• Here is how it works: If, for example, you earn S$3,200 a month, you can choose to be paid in two gold bars each worth S$1,600. Theoretically, if you are a high earner drawing a pay of S$51,000 a month, you can choose to be paid with a one-kilogram gold bar.

Sales manager Vincent Tie is one of six employees at BullionStar who has opted to receive his salary in bullion. About 20 to 40 per cent of the 38-year-old's basic pay is given in gold.

• "If I save in a paper currency in a bank, the interest paid to me cannot beat the rate of inflation, so essentially I am losing purchasing power. That means that I am buying less with my wealth," said Mr Tie on why he went for the heavy metal option.

It's 3 yrs ago post you go dig it out ? Haha

Btw what the employer did I feel it's a brave move and innovative.

Edited October 23, 2014 by Yewheng

[Ktglfc]

  On 10/23/2014 at 10:08 PM, Camrysfa said:

 

 

 

 

http://www.channelnewsasia.com/news/singapore/paying-people-their-worth/1431004.html

 

 

SINGAPORE: How would you like to be paid your worth in gold? Singapore-based precious metals dealer BullionStar is doing just that, by rewarding staff with the commodity as salary, and it says it is the first in the country to do so.

• Here is how it works: If, for example, you earn S$3,200 a month, you can choose to be paid in two gold bars each worth S$1,600. Theoretically, if you are a high earner drawing a pay of S$51,000 a month, you can choose to be paid with a one-kilogram gold bar.

Sales manager Vincent Tie is one of six employees at BullionStar who has opted to receive his salary in bullion. About 20 to 40 per cent of the 38-year-old's basic pay is given in gold.

• "If I save in a paper currency in a bank, the interest paid to me cannot beat the rate of inflation, so essentially I am losing purchasing power. That means that I am buying less with my wealth," said Mr Tie on why he went for the heavy metal option.

 

 

One question: can i buy my ba-chor mee by giving the stall owner a piece of gold?

 

Can I buy shares / stocks using gold?

Money is the basic currency in solving life's needs, don't think gold will ever replace.

Gold is more of investment as current gold price is low...

but if I can't feed myself and family with today's needs using cash, whats the point of having gold as my salary?!

[xherion]

  On 10/24/2014 at 12:15 AM, Ktglfc said:

 

One question: can i buy my ba-chor mee by giving the stall owner a piece of gold?

 

Can I buy shares / stocks using gold?

Money is the basic currency in solving life's needs, don't think gold will ever replace.

Gold is more of investment as current gold price is low...

but if I can't feed myself and family with today's needs using cash, whats the point of having gold as my salary?!

It can only work if the employee intends to have that portion of salary for investment anyway, so only need the rest in cash.

[Chucky2007]

Those who opt for this option have lost 30% of their savings now if they started this since 2011..

[Camrysfa]

  On 10/24/2014 at 10:40 AM, Chucky2007 said:

Those who opt for this option have lost 30% of their savings now if they started this since 2011..

 

I am quite lost in this field.

why must pay in gold?

To attract attention to the company?

The employee has to 'sell' the gold to convert into cash, unless he so loaded, keep on hoarding the gold bars.

 

& in a case in USA, an employer who paid salary in gold was charged.

It is something like a scam to evade taxes.

 

http://www.stgeorgeutah.com/news/archive/2012/03/26/use-real-money-go-to-federal-prison/#.VEo_PE1xmdI

[Camrysfa]

  On 10/23/2014 at 11:04 PM, Yewheng said:

It's 3 yrs ago post you go dig it out ? Haha

Btw what the employer did I feel it's a brave move and innovative.

 

recycle mah, lol

 

think, you touched on a point:

to start a new thread on a new story or to bury many stories in one thread.

most times, quite hard to find a suitable title to lean on.

to start a new thread and see it fizzle to one or 2 replies is a bomb-out, lol