Singapore consumers go for gold amid rising inflation
"Investors looking for a hedge against inflation are turning to gold, although prices of the precious metal have fallen this year as overall demand declines."
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When gold jewellery does not contain enough gold
"We can judge on appearance and weight, but neither tells you how much gold there is until you use X-ray scanners or get a refinery to extract the precious metal."
ReadWhy two gold bracelets failed the purity test
"Until someone develops an affordable, portable gold scanner – they cost tens of thousands of dollars each now – you should buy gold only from reputable sources because even 99.99 gold bars that come with serial numbers can be tampered with."
ReadThe pitfalls of ‘investing’ in gold jewellery
"A check by Invest shows that the Singapore Precious Metals Exchange (SGPMX) has one of the lowest fees for transactions involving pure gold because it operates an online global exchange that allows both big and small investors to trade with one another."
ReadPreserving wealth with gold you can touch: CEO of SGPMX tests gold and silver bars
You can keep gold at a special secured facility in Changi, where a firm lets big and small investors trade in actual gold in an online global exchange. Mr Victor Foo, founding chief executive of Singapore Precious Metal Exchange shows how they tests gold and silver bars.
ReadPreserving wealth with gold you can touch
“Being in a high-security zone next to Changi Airport facilitates the direct movement of high-value cargoes between the vault and the planes.”
ReadNew online platform to buy, sell and store gold launched
The platform which will operate 24/7 will allow investors and traders to buy and sell physical gold for as little as US$1,000.
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