To buy a 1oz Gold Bullion coin now from UOB would cost S$2,029.00. To buy 1 oz of silver in UOB's Silver Savings Account would now cost S$36.44!
Gold rose to a record high for the fourth straight session on Tuesday, as inflation worries and euro zone sovereign debt woes continue to lure investors to precious metals. Spot silver hit a new 30-year high just below US$28, and palladium extended gains to a new nine-year peak of US$712.75. Spot gold rose to an all-time high of US$1,412.75 an ounce, before easing to US$1,410.45.
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Buy more silver on weakness.
2 comments:
It indeed hard to believe in tough economic times, how the prices of metals, specially gold and silver have kept on rising.
Investing in gold and silver
Hi Parag,
Inflationary forces are very real in an era of continual QEs. :)
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