Buy Gold Bullion | SG Wealth Builder: Why Singaporeans should invest in gold bullion | News2Gold

Buy Gold Bullion | SG Wealth Builder: Why Singaporeans should invest in <b>gold bullion</b> | News2Gold

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SG Wealth Builder: Why Singaporeans should invest in <b>gold bullion</b> Posted: 19 Jun 2014 06:18 PM PDT   This week, an article by Reuters reported that gold jewellery exports by India is expected to grow by 25% in the year to March 2015. This is an impressive figure given that last year, the Indian government raised the import duty to a record 10 percent and also make it mandatory for merchants to export 20 per cent of the imported gold. In Asia, various data released by gold analysts indicated that China and India will continue to be the leading consumers for gold. The key reason for Asian's fascination for gold is because the Chinese and Indians understand the value of gold as a means to preserve wealth. Over in Singapore, the government is beginning to appreciate the role of gold bullion in the investment fraternity and has been implementing policies to develop Singapore as a metal trading hub for gold. In 2012, the government removed 7 percent GST from investment-grade precious metals, hoping to spur Singaporean's demand for gold. As a result of this policy shift, many gold dealers, such as BullionStar, has set up shop in Singapore. For many international and domestic investors seeking safe haven for their precious metals, Singapore is considered one of the best choices because of its reputation for being a safe country with low crime rate. BullionStar stands out from the rest of its competitors as it offers convenient, end-to-end solutions for the purchase, sale, storage and delivery of an assortment of bullion products through its BullionStar's "My Vault Storage".  BullionStar Fundamentally, there are three ways to build your wealth with gold. You may buy "paper gold" such as gold mining stocks or gold Electronic Traded Funds (ETFs) through the stock exchange.  However, it is important to note that investing in these investment products carry substantial risks for average investors because of the potential risk of defaults on the commodity exchanges. Secondly, you can choose to invest in "digital gold". In Singapore, UOB is probably the only local bank that offers gold and silver saving accounts. Lastly, most average retailers prefer to invest in "physical gold", such as jewellery and bullion, which consists generally of coins and bars. Personally, I prefer putting my money in physical gold as there is virtually no risk of defaults. Furthermore, being a more traditional person, my belief is always "seeing is believing". I prefer to take possession of my gold bars, rather than holding "paper gold" or "digital gold". Last year, gold prices has witnessed a massive correction because of huge sales out of major ETFs. That had provided an opportunity for many average retailers to enter the market at reasonable prices. On the other hand, big players, such as China central bank, had also made use of the window of opportunity to accumulate gold to build up their reserves. Thus, the outlook for gold is still intact as both the retail and institutional demand are still strong. In fact, Bloomberg revealed that China and India are still consuming about 8 million ounces of gold per month. It is unlikely that this demand will taper off, so going forward, Singaporeans should seize the opportunity to accumulate gold whenever there is a correction in price. Magically yours

<b>Gold Bullion Buying</b> and Investing 101 – Basic Guideline When <b>...</b> Posted: 16 Apr 2014 10:07 AM PDT Apr 16, 2014 by Nick In today's time and age, the number of people who have become interested in making investments in various assets continues to go up. Many of them opt for the paper-based investment vehicles, such as bonds and stocks. However, bonds and stocks, like all of the other paper-based investments, are easily affected by market factors, such as inflation. This is actually the main reason why a lot of financial experts consider gold bullion products being the safest asset to invest on. If you have become interested and you want to buy gold bullion, it is critical that you know what you are doing. If this will be your first time purchasing and investing on this precious metal, keep in mind the following basic guidelines on how to buy gold bullion. Learn about the Most Common Types of Gold Coins for Investment Purposes For many people, the easiest way to invest in gold is by purchasing coins. There are many different gold coins that are used either as investment means or for collection purposes, so make sure that you learn more about what they are best used for before spending money on them. Below is a list of some of the most common types of gold bullion coins regarded to be good investment assets. South African Krugerrand Gold Coin – The name of this 22k coin is derived from the South African Republic President, Paul Kruger. Canadian Maple Leaf Gold Coin – This was the first 24k gold bullion coin (with a 99.9% purity) to be made in the modern era. Today, it is still considered to be the most popular gold coin with this level of purity. Chinese Panda Gold Coin – The design of this Chinese gold coin is revised on a yearly basis, which makes it not only a collectible, but also a bullion product – the first of its kind. American Eagle Gold Coin – The first ever American Eagle Gold Coin was manufactured in the year 1986, and it had a 22k purity. The American Buffalo gold bullion coin was later introduced in 2006, which had a 24k purity. Conduct a Research and Background Check on your Dealer Since you will be buying gold bullion from a dealer, it is essential that you know him/her well. It does not mean that you should know the dealer on a more personal level; what is important is that you can establish whether or not he/she is reputable.  One of the best ways to check on the background of your dealer is to visit review sites and look for consumer forums. You should also check with various organizations involved in the gold coin industry. If these reputable orgs can vouch for the dealer, then it means that he/she can be trusted. If you wish to know more tips on how to buy gold bullion and other useful information, please visit this website now: www.focusontheuser.org/buy-gold-bullion/.

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