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Anonymous

25 Nov 2019

General Investing

How do I buy real gold and silver coins?

Where are the platforms available and how do I go about doing it?

Discussion (4)

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Nathaniel Alejandrino

25 Nov 2019

Bullion Executive at BullionStar

Hi Anon,

If you are looking for a physical bullion, check out these reputable dealers!

BullionStar

Silver Bullion

Goldheart Bullion

Gold Silver Central

SilverAg

These dealers has a wide range of products at competitive prices. Transaction can be pretty smooth and easily done online or over the counter. Best to visit them first before purchasing anything.

You may also consider UOB if you prefer dealing your bullion with a bank.

And yes, agree @Alvin below. Do not get from mall jewelry because of premiums.

For a start, you may consider looking at governent minted bullions such as the Silver Maple Leaf and the American Silver Eagle from the bullion dealers above. These bullions are internationally recognised and generally has no issues when selling.

The buying price minus the spot price is the additional premium we are paying whenever we are purchasing bullion. So try to avoid high premium products especially numismatics.

Alvin Teo

07 Nov 2019

Aviva Relationship Consultant at Aviva Affinity Channel

Do not go get from mall jewelry retailers as they charge a premium above it.

Bullion Star sells them and charges you based on the price on their website that changes in real time.

There is also UOB that comes with this plastic bag that you cannot remove it if you wanna sell back to UOB.

Which leads to my next point on how you are going to sell them if you need it, there is always a mark down that is very disadvantageous to you.

The price of gold need to go up a bit just for you to breakeven.

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