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The main reason to consider gold is the yield and I feel that the current economy will not be able to recover for another few years.
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Bobby Lee
13 Oct 2020
Investor at Investor@Singapore
I would say gold is good as a hedging tool and good to keep in your portfolio besides equities and ETF's. Start small. Usually when the stock market falls, commodities tend to do better so there's that.
There is a new platform that got launched in SG called Everest Gold. I have been with them since they opened in July. It is all done via an app(Like Singlife's platform) and is very easy to use.
Everest Gold can buy in super small quantities and the fees are damn low too. Like from 1g onwards.
If that is not your cup of tea, there are a few good gold ETF's out there. Or Barrick Gold which the legend Warren Buffett invested in a few months ago. :)
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For me it would only be physical gold for 5-10% of my assets (I do not practice this, but feel it is...
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I'd recommend a local startup APP called Everest Gold. So far the simplest way of gold investment I used. Can use my referral code: WGWLE
Zero transaction fee and instant withdrawal are my favourite features about the App. Also can redeem for physical gold if you want.