Advertisement
Anonymous
Is silver still poor man’s gold in today’s context? How do you know if Gold or Silver is real?
3
Discussion (3)
Learn how to style your text
Nathaniel Alejandrino
19 Jul 2020
Bullion Executive at BullionStar
Reply
Save
If you looking at Gold/Sliver as a form of investment, you can consider UOB's gold savings account. UOB has quite strong reputation, being one of the top 3 local banks in Singapore. Thomas (Mr. 15HWW) wrote about his experience buying gold from UOB, which you can read here if you're interested: https://www.my15hourworkweek.com/2015/10/21/how...
Reply
Save
Degussa Precious Metals Asia Pte Ltd
22 Orchard Road #01-01
Singapore 238885...
Read 1 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
Advertisement
You can look at gold/silver that are minted by LBMA-accredited companies. Full list of these reuptable companies can be found here: http://www.lbma.org.uk/good-delivery-list
Since not all gold and silver will come with a certificate, especially for coins, it is good to have coins/bars that are at least minted by trusted refineries/mints mentioned on that list.
Simple authenticity test can be done at home using a magnet, weighing scale and a vernier caliper. Gold and silver are non-magnetic and each bullion bars has it's own dimensions, or diameter for coins. Weight should be as close to the stated weight denomination as possible. Gold is pretty much precise in weight as refineries will not give excess (free money).
If accessible, it is best to have a precious metal verifier. This is a quick way to test your metals. Xray Fluorescence machine can also be used but it can be costly for anyone. Another gadget would be an ultrasound machine which can be used for thick 1000oz good delivery bars.