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Anonymous

26 Sep 2020

Can I use my SRS to invest by purchasing physical gold or investing a gold savings account?

I wish to know whether I can use my SRS to buy physical gold or invest in a gold savings account with UOB

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    What are your thoughts?

    Q&A

    Can I make SRS contributions in the form of investments (i.e. transfer investments into my SRS account)?

    No. All SRS contributions must be made in casg.

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      Why would you want to buy gold?
      For investment bankers and wealth managers, they would say gold is a hedge against bad economic conditions.

      But having seen how the world behaved this year, I have doubts about the real value of gold.

      Gold only shines when the world is crumbling down and... Imagine the ultimate worse economic crisis ever, when people also doubt the value of USD.

      But gold serves not much other purpose.... Its nice during wars and depressions, but I do not see hoarding gold can beat inflation....

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