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 (if you have more than $20,000).Now, one question had been bugging me. What if I sold the gold bars 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 ...
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