ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S. › ValueBuddies.com › Alternative Investments v
Is Gold considered as investment or insurance?

Is Gold considered as investment or insurance?

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Jared Seah Offline
Member
***
Posts: 402
Threads: 2
Joined: Mar 2011
Reputation: 5
#51
09-04-2012, 06:24 PM
Most of us have been through Lehman 2008 (some just entered the market in 2009), SARS 2003, 911, NASDAQ 2000. I was not in the market during Asian 97, but I think that roller coaster must be more terrifying than 2008! More senior forum members may even remember Black Monday 87!

In 2008, ALL asset classes tanked; with the exception of US treasuries.

In March 2009, just take your best stock pick and benchmark with property, gold, and other asset classes and we have our own personal answer as to which outperform what Wink

I guess it depends a lot which "value" company we have picked since most of us believe we can outperform the STI index Wink

I wished I had the foresight to switch to bonds in 2008 and then back to equities in March 2009. I believe that's how one teacher got rich - asset allocation/rotation; not buy and hold.

This time round, I don''t think the bond trick will work... History does not repeat itself; but it rhymes!

So can anyone tell me which asset class will fall less than the rest if Iran got bombed?
Just google singapore man of leisure
Website Find
Reply
Jared Seah Offline
Member
***
Posts: 402
Threads: 2
Joined: Mar 2011
Reputation: 5
#52
09-04-2012, 09:23 PM
Thanks Behappyalways!

I'll be right after you in the UOB queue Wink

I think I need some gold to complement and act as anchor to my silver.

Silver is fun when it bounces up. But boy, when it falls... Too much excitement! LOL!
Just google singapore man of leisure
Website Find
Reply
corydorus Offline
Posting Freak
*****
Posts: 1,767
Threads: 14
Joined: Jan 2011
Reputation: 15
#53
09-04-2012, 09:34 PM
Recent weeks have been uneasy. Maybe it got to do with the Goldsmith strike in India which just ended.

Just my Diary
corylogics.blogspot.com/


Find
Reply
KopiKat Offline
Tikam Buddy
*****
Posts: 1,889
Threads: 5
Joined: Feb 2011
Reputation: 15
#54
09-04-2012, 09:37 PM
(09-04-2012, 09:23 PM)Jared Seah Wrote: Thanks Behappyalways!

I'll be right after you in the UOB queue Wink

I think I need some gold to complement and act as anchor to my silver.

Silver is fun when it bounces up. But boy, when it falls... Too much excitement! LOL!

Does the UOB Gold acct add 7% GST in the Gold Price? If it does, perhaps can wait till 1st Oct, but pray in the meantime Gold Price don't appreciate by more than 7%! Big Grin

GST Exemption on Investment-grade Gold and Precious Metals
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------
Find
Reply
Temperament Offline
Posting Freak
*****
Posts: 3,474
Threads: 95
Joined: Jul 2011
Reputation: 17
#55
09-04-2012, 10:21 PM (This post was last modified: 09-04-2012, 10:28 PM by Temperament.)
i used to have an UOB gold trading account in the 1980s. i still keep the receipts after converting all my holdings into mini-gold bars. When gold price goes up like crazy not long ago, i can't resist to tally all my gold trading receipts which i keep at home. when i went to check my mini-gold bars in the bank's safety deposit box, i were taken aback. i have much less than what my receipts say i should have. i must be a poor book-keeper of tracking my trading receipts lol.HuhTongue
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Find
Reply
Jared Seah Offline
Member
***
Posts: 402
Threads: 2
Joined: Mar 2011
Reputation: 5
#56
09-04-2012, 10:27 PM
No. UOB Gold and Silver accounts do not incur the GST.

Another option is the SPDR Gold ETF.

For doom's day purist, they prefer real physical gold and silver - just in case banks and ETF sponsors go bust... Counter-party risks...
(Like that our savings account also just a piece of paper if the banks go... nowadays no passbook some more!)

The trade off is you pay a higher spread if you want to fondle your physical gold Wink

There must be a reason why MAS wants Singapore to be a physical gold trading hub in Asia. If it makes ownership easier, why not?
Just google singapore man of leisure
Website Find
Reply
corydorus Offline
Posting Freak
*****
Posts: 1,767
Threads: 14
Joined: Jan 2011
Reputation: 15
#57
09-04-2012, 10:33 PM (This post was last modified: 09-04-2012, 10:33 PM by corydorus.)
If you check with some old people (above 70s), they may still keep Physical Gold at home. In national crisis such as Famine and War which olden days encounter, Physical Gold is a necessity to survive.

Just my Diary
corylogics.blogspot.com/


Find
Reply
Temperament Offline
Posting Freak
*****
Posts: 3,474
Threads: 95
Joined: Jul 2011
Reputation: 17
#58
09-04-2012, 10:34 PM
(09-04-2012, 10:27 PM)Jared Seah Wrote: No. UOB Gold and Silver accounts do not incur the GST.

Another option is the SPDR Gold ETF.

For doom's day purist, they prefer real physical gold and silver - just in case banks and ETF sponsors go bust... Counter-party risks...
(Like that our savings account also just a piece of paper if the banks go... nowadays no passbook some more!)

The trade off is you pay a higher spread if you want to fondle your physical gold Wink

There must be a reason why MAS wants Singapore to be a physical gold trading hub in Asia. If it makes ownership easier, why not?

i think it will trigger GST if you convert into physical gold. 1980s no GST.
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Find
Reply
Jared Seah Offline
Member
***
Posts: 402
Threads: 2
Joined: Mar 2011
Reputation: 5
#59
09-04-2012, 10:35 PM (This post was last modified: 09-04-2012, 10:44 PM by Jared Seah.)
Wow Temperament!

Quiet, quiet.

Already hoarding gold since the 1980s!!!

You bought after gold crashed from it's 1980 high Wink

Assuming your average cost is conservative USD 300 per ounce, 5 bagger liao!

P.S. UOB gold and silver accounts - we shall not convert to physical before the new ruling takes effect. I prefer passbook version anyway for my core holding (prevent me from selling too soon). For swing trading, I use ETFs and mini-futures.
Just google singapore man of leisure
Website Find
Reply
Temperament Offline
Posting Freak
*****
Posts: 3,474
Threads: 95
Joined: Jul 2011
Reputation: 17
#60
09-04-2012, 10:41 PM
(09-04-2012, 10:35 PM)Jared Seah Wrote: Wow Temperament!

Quiet, quiet.

Already hoarding gold since the 1980s!!!

You bought after gold crashed from it's 1980 high Wink

Assuming your average cost is conservative USD 300 per ounce, 5 bagger liao!

Ya lol! but i stupidly traded(sold) more than i realised. Read my above post. So what is the moral of story?Tongue
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Find
Reply


Forum Jump:


Users browsing this thread: 17 Guest(s)