Hi, anyone familiar with investing in gold using CPFIS? - Seedly
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Anonymous

Asked on 07 Jan 2020

Hi, anyone familiar with investing in gold using CPFIS?

I read that we can invest in physical gold using UOB for our CPFIS but I can’t seem to find the option anywhere. Or how do I purchase gold ETF using CPFIS? Appreciate the help!

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Hi anon,

You'll need to have a Gold Savings Account with UOB to get started. My understanding is that you can buy both normal gold bullion, or coins, or just a gold cert.

More information here:

https://www.uob.com.sg/personal/invest/goldsilver/overview.page

Also, use the stocks and gold limit calculator to have an idea of how much you can invest in gold:

https://www.cpf.gov.sg/eSvc/Web/Schemes/StockAndGoldLimits/StockAndGoldLimitsLanding

To buy a gold ETF, this is different from gold buillion/coin/cert, as an ETF is traded on the exchange. Hence you will need a brokerage account to do so. Right now, only SPDR gold shares is allowed.

More information here:

https://www.cpf.gov.sg/Assets/members/Documents/LISTOFGOLDEXCHANGETRADEDFUNDSINCLUDEDUNDERCPFIS.pdf

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