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

Anonymous

12 Jan 2020

CPF

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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Elijah Lee

12 Jan 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

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/goldsilv...

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/StockAn...

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...

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