Recently, my wife and I liquidated our UOB Gold Saving Accounts (GSA) again. We are consolidating our funds with the aim of purchasing a new Executive Condominium. Overall, including the profits made on 25 February 2016, we made a total profits of $800 from gold. Not a huge amount of profits but considering the fact that we held the investments for only three weeks, it was quite a good investment in my opinion. But is it possible to make explosive wealth with gold?
Basically there are two main ways to invest in gold. One is to buy physical gold, that is gold bullion which comes in the form of gold bar and coins. In Singapore, you can purchase gold bullion from BullionStar, one of the largest dealers with more than 300 types of precious metals. The most attractive aspect about buying investment-grade bullion in Singapore is that there is no need to pay tax ...
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