Golden Tips

[Lin I]

Hi,I would like to invest in Online Spot gold investments.Any vauable tips will be greatly appreciated.

[Lin I]

I am asking for some suggestions regarding the trust worthy CFDs and ETFs to buy online spot gold.

[To Lin]

DBS is better,but they dont allow you to buy online.You have to call them to buy spot gold
 

[Vulcanl]

Lin,

I would stay away from CFDs and other derivative instruments (including a lot of ETFs out there).

The only ETF I would recommend to you is GLD (SPDR Gold Trust).  It is listed here in Singapore as well as the NYSE in the USA.  The reason that this particular ETF is relatively sound is that it actually buys physical bullion and safekeeps it....a lot of ETFs out there simply take exposure using futures and other derivatives. 

To understand why you need to avoid a 'paper' or 'digital' substitute for Gold (and buy actual metal itself), you have to fundamentally ask yourself WHY it is you want to own Gold.  That reason is that confidence and trust in Fiat currencies is eroding....in such a World, all bets are off and paper contracts can be rendered 'null and void' by Government, or your counterparty could simply not honor their side of the deal. 

Gold is REAL money, always has been and always will be as long as human beings control this World.

Here is a good place to start if you want to learn more: http://www.gata.org/

[Lin I]

Thank You Mr.Vulcan,I thought of buying physical gold,but it's comparitively higher than this virtual or digital gold.thats why I would like to buy this paper gold for now and convert all my profits into real gold in future.Can anyone advise me what are the factors affecting the gold market.US$,Gold Mining,Oil Price are few.What are the other hidden factors.Thank you.

[SPDR Gold]

Lin,

I would stay away from CFDs and other derivative instruments (including a lot of ETFs out there).

The only ETF I would recommend to you is GLD (SPDR Gold Trust).  It is listed here in Singapore as well as the NYSE in the USA.  The reason that this particular ETF is relatively sound is that it actually buys physical bullion and safekeeps it....a lot of ETFs out there simply take exposure using futures and other derivatives. 

To understand why you need to avoid a 'paper' or 'digital' substitute for Gold (and buy actual metal itself), you have to fundamentally ask yourself WHY it is you want to own Gold.  That reason is that confidence and trust in Fiat currencies is eroding....in such a World, all bets are off and paper contracts can be rendered 'null and void' by Government, or your counterparty could simply not honor their side of the deal. 

Gold is REAL money, always has been and always will be as long as human beings control this World.

Here is a good place to start if you want to learn more:

And SPDR Gold is only real gold until the US govt outlaws private ownership of Gold , renders all ETF's null & void & confiscates the bullion SPDR is holding.

[Lin I]

Gold price hits New Height 1461.18/ounce.

[Agent Provocateur]

If you wait to buy physical bullion later, depending on your time frame, you might end up paying a lot more for that than what you are paying right now.

[MrJim]

There's good advice here from posters but I would also recommend diversifying into physical silver not to mention smaller denominations of gold eg 1/2 oz 1/4 oz, etc. At the risk of appearing as someone who is preparing for a 'Mad Max'-style breakdown of the economy and society, silver and smaller denominations of gold will be easier for transactions for common goods. One option (if available in Singapore) might be what's deemed 'junk' silver which in a US context are pre-1963 US dollars, half-dollars, quarters, dimes and nickels which were 90% silver. That people are already familiar with this type of denomination will make them all the more functional.

As for physical platinum and palladium, I'd stay away. They're too odd for most to be familiar with them regardless of form(Canadian maples, US Platinum Eagles, et al.) and there's a far greater volatility that accompanies them.

[IG]

IG Markets are not too bad, I use them to buy CFD Gold and Silver. Like the PP said owning physical is always the best option.