30 Apr '14, 8am

Buy a #gold bar - gram by gram, sell it same way #SGPMX #invest

Investing in gold and silver no longer means having to come up with a large lump sum. The Singapore Precious Metals Exchange (SGPMX), set up in 2011, has launched a new feature that allows buyers to buy gold and silver bars in instalments. The company deals in physical gold and silver. It is not required to register with the Monetary Authority of Singapore. Investors can opt to buy the precious metals by the gram, paying for each gram monthly, until they complete a bar. The patented bars, from Valcambi Suisse, come in varying sizes starting from 20 grams. The company produces bars for banks such as Credit Suisse. Buyers are allowed to break off the bar into smaller, one-gram bars. However, the firm advises customers not to physically break up a bar, as it is easier to sell larger bars down the track. Valcambi Suisse's group chief executive Michael Mesaric said customers bu...

Full article: http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=...

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