Almost a year ago, I presented a case for buying a little bullion and proceeded to purchase 25 pieces of silver coins from BullionStar. Since the coins only added to around $600, I really wouldn’t regard it as a BIG investment. However, two Fridays back, things changed. At least slightly. I actually made a trip to the Gold Department at UOB Main Branch and parted with ~$2600 to purchase a 50 Gram PAMP gold bar. And here’s the steps I did before grabbing a free train ride to Raffles Place.

1. Why Am I Buying Gold?

I am largely with Warren on this. Unlike stocks and businesses, gold doesn’t really provide any real utility to consumers in general. Any investment returns are likely to be speculative in nature. If you were somebody holding alot of gold throughout the 80s and 90s, it would have been a painful experience watching the stock market go on ...