Asians are buying physical gold bullions

@scheng1 (24806)
Singapore
January 30, 2016 6:49am CST
Since the gold price is low now, many people are buying physical gold bullions. The goldsmith shops and banks are running out of physical gold bars. They just do not keep stock of so many gold bars, since the demand is unpredictable. The huge demand for gold bars means that the premium over spot rate is higher. The mint will have to put in longer hours to make the gold bars, and to ship them throughout the world. That is why I do not think that the time is right to get gold bars now. The premium over spot is too high to make it a good investment. There is no guarantee that another gold price crash will not happen. If you want to buy, you might as well trade gold online. At least there is no physical product, and you can sell to cash out immediately.
3 people like this
3 responses
• United States
30 Jan 16
I have no idea about gold and could not afford in the least to buy it. If that were the case I would have many of it.
1 person likes this
@scheng1 (24806)
• Singapore
31 Jan 16
If you have no idea about gold investment, then you should not get into it even if you have the money. Many people with money are foolish enough to lose it by investing in something they do not know.
2 people like this
@wiLLmaH (8251)
• Singapore, Singapore
31 Jan 16
@scheng1 this is the investment vehicle that I do not touch yet.
2 people like this
• United States
31 Jan 16
@scheng1 Yes there are many foolish to invest Scheng.
1 person likes this
@amadeo (64171)
• United States
30 Jan 16
I have all the gold I want.I am wearing them.
1 person likes this
• United States
30 Jan 16
Pharoah Fredo lolz
@zarlamain (24527)
• United States
7 May 16
Physical gold is one of the most stable investments out there. I can't afford them though!
1 person likes this