Gold Scams in Singapore: Impersonation Couriers, Fake Dealers and Fake Gold
Gold scams in Singapore: fake officials told victims to buy gold bars and hand them to couriers, costing millions. How they work and how to check a seller.
Buying, storing and selling gold and silver in Singapore: prices, premiums, dealers, GST and the risks, in plain English.
Gold scams in Singapore: fake officials told victims to buy gold bars and hand them to couriers, costing millions. How they work and how to check a seller.

Where to buy gold in Singapore: four registered dealers, UOB and two SGX gold ETFs compared on storage fees, card charges and buy-back, as at November 2026.
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You can buy gold with CPF Ordinary Account savings, up to 10% of investible savings, via SPDR Gold Shares or UOB. SRS rules differ. The limits and trade-off.
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How to choose a gold dealer in Singapore: check the Ministry of Law register, buy-back terms, storage, insurance and card charges before you hand over money.
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MAS gold vault news: from 10 November 2026 central banks can keep gold in Singapore's 500-tonne vault, and a wholesale gold GST waiver is due in April 2027.
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Silver investing in Singapore: 99.9% silver bars and coins are GST-exempt, but storage costs more than gold as a share of value and prices swing on industry.
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Gold in a retirement portfolio: it pays no income, has fallen 42-57% in past bear runs and can stay down for years. How to weigh it against CPF and bonds.
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GST on gold in Singapore: bars of 99.5% gold from LBMA refiners and prescribed coins are exempt; jewellery, proof coins and 22K Krugerrands carry 9% GST.
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Sell gold jewellery in Singapore and you are paid for gold content only. How 916 is priced, a worked example in grams, and how pawning compares with selling.
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SPDR Gold Shares on SGX trades as O87 in US dollars and GSD in Singapore dollars, costs 0.40% a year and is the only gold ETF on CPF's investment list.
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How to sell gold in Singapore: who buys bars and coins back, how the buy-back spread works with a worked example, the ID dealers need and when you get paid.
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Indigo Precious Metals review: a registered Singapore dealer storing gold at Le Freeport from 0.37% a year with no minimum charge, but no order cancellation.
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The cost of holding gold, worked out: S$10,000 in vaulted bars needs a 1.4% yearly price rise for five years to break even. Bank accounts and ETFs compared.
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A gold premium is what you pay above the spot price. See how to convert the US$ price to S$ a gram, work out the premium and buy-back spread, and break even.
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Gold purity explained: 999.9 is 24K, 916 is 22K at 91.6% gold, 750 is 18K. What the stamps mean, how purity sets value, and which items are GST-exempt.
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GoldSilver Central review: a registered dealer at Nankin Row showing buy-back prices per product and storing gold at Le Freeport with a S$10 monthly minimum.
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The gold price fell 6.3% in October 2026 to US$3,913 an ounce, after an 8.5% drop in September, leaving it 10.4% lower this year and off January's record.
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Gold storage in Singapore costs about 0.16% to 0.39% a year in dealer vaults. Home, safe deposit box and vault options compared, fees as at November 2026.
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UOB Gold Savings Account review: a 5 g minimum, 0.25% a year plus GST from April 2026, CPF use allowed, and strict buy-back rules for UOB gold bars.
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Gold bars vs gold coins: bars usually carry a lower premium per gram, coins are easier to sell in small pieces, and some well-known coins are not GST-exempt.
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Gold vs inflation: since 1971 gold has risen about 9% a year in US dollars, ahead of prices, but it has also fallen 40-57% for years at a time. The S$ angle.
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Silver Bullion review: a registered Singapore dealer storing gold at 0.35% a year at The Reserve, with a 3.5% SGD card charge and a S$100 withdrawal fee.
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BullionStar review: a registered Singapore gold dealer with vault storage at 0.39% a year (minimum S$0.19 a day), a 4% online card charge and open buy-back.
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Central bank gold buying hit 321 tonnes in Q3 2026, up 42% on a year earlier, World Gold Council data show, while gold bar and coin demand fell 19%.
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How to buy gold in Singapore, step by step: pick bars, coins, a bank gold account, SGX ETFs or a vault, check the seller and compare costs (Nov 2026).
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What moves the gold price: US interest rates, the US dollar, central bank and ETF buying, and jewellery demand. How each one works, with 2026 examples.
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Gold dealer registration news: MinLaw cancelled SPME's registration on 11 Sep 2026 and suspended five Puregold.sg and Goldpay.sg firms for up to six months.
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