Cheapest Place To Buy Gold In Singapore, BonasGold is a well-established precious metals dealer in Cameroon that has been in the gold industry for over 12 years. The company is regulated and ensures the purity of all the per-owned gold jewellery they purchase from their customers. They carefully verify the purity of the gold jewellery with gold testing equipment to ensure that the customers are purchasing gold jewellery that is according to its purity. Therefore, buying from Bonasgold assures customers that they are getting genuine gold jewellery of the right quality.
Gold has historically been regarded as one of the most reliable investment options available. It is a highly valuable asset that can pay strong returns in the long run. That said, there are several factors that you need to consider before you invest in gold.
During the pandemic, everyone was trying to look for ways to diversify their portfolio and secure their investments. Gold played a big role in making this possible. It peaked at US$ 2070.05 an ounce in Singapore in August 2020, owing to the excess demand. This was the highest ever price since 2011.
As of August 2022, the average price of gold per ounce has gone down to US$ 1843.83. Despite that, gold is considered to be one of the safest forms of investment in Singapore. Even if the market remains volatile, gold helps keep your investment safe.
Here are a few basics you need to know before you decide to buy gold in Singapore.
- Most people invest in gold since it is a safe investment. It allows investors to safeguard themselves against inflation and crisis.
- You can diversify your portfolio of investments by buying gold.
- When the economy starts to boom, gold doesn’t usually perform at par with the other assets.
Why is Singapore the Best Place to Buy Gold?
Singapore is undoubtedly one of the best places to buy gold in the world. Here is why:
- Taxation Structure
Singapore is one of the cheapest places in the world to buy gold as investment grade gold, silver and platinum are exempted from the 7% goods and services tax. Investment gold is classified as gold of a purity not less than 995 thousandths with the accreditation of the London Bullion Market Association (LBMA).
- Storage Facilities
As part of the city-state’s effort to boost its wealth management industry and become a regional hub for luxury collectibles and bullion trading, Singapore has established a regional’s “Fort Knox” to provide logistical solutions for gold storage. Singapore is a regional financial centre that considers gold as a financial asset and has serviced the world’s largest gold traders such as JPMorgan, UBS Group, Deutsche Bank and Australia & New Zealand Banking Group (ANZ), all of whom have kept precious metals in the vaults of the city-state.
- A strong rule of law
Singapore has a strong, efficient, and transparent legal and judicial framework, as well as a strong rule of law. It has famously low crime rates which may translate to lower insurance premiums for storage. It is renowned for its neutrality in political and financial matters, a reputation that has long appealed to global investors. In 2015, Singapore imposed new obligations to prevent money laundering and terrorism financing on GST-exempt warehouses including the gold storage vaults and regular checks are conducted to ensure that they comply with regulations, allowing for complete traceability for every item stored. Nonetheless, the investor-friendly data privacy laws still protects you from unwanted scrutiny.
- Well Connected
The country’s excellent connectivity as a major global transportation hub provides solid logistics infrastructure for gold to be easily brought into and out of the city. Furthermore, not only can your holdings move relatively freely, many nationalities can travel easily to Singapore as well, either visa-exempt or with a simple visa application process.
Where to Buy Physical Gold in Singapore?
When you’re looking to buy gold in Singapore, you want to buy it from the most trustworthy place possible surely. Not just that, but you also want to get the best rates possible.
We ship to many destinations across the world
All you have to do is to contact us in order to make the purchase and the shipment will not be charged. Whenever you buy gold from our online store and it is necessary to make a shipment, it will be insured for the value Total of your purchase. The shipping cost when placing your order on our website, always includes transport and insurance. We strive to offer a good price so that if you may wish to resell a bullion or ingot, you can do so profitably. We have the best African gold deals ever here.
As part of the African gold deals, we shall process all the documents
We understand that buying and selling gold, regardless of the weight in grams of the bullion or coin, requires a lot of seriousness on our part, since our clients place their trust in us. In five years, our shipments have always arrived and our customers have been satisfied. We guarantee complete traceability of your purchase, both the weight, purity and the legal origin of any purchase made from online our store. Remember, we have the best African gold deals ever.
Contact us now if you are interested in our gold
Have you been looking for where to buy gold at below the gold market price? Do you want to carry your gold as soon as you buy or you would like it shipped? We have the best African gold deals – the best ever that you can ever find in the Democratic Republic of Congo, Cameroon, Kenya, Tanzania. Buy any quantity of our high quality 23- 24K gold now. Do you want gold bars, gold ingots or gold nuggets? Is it raw gold that you want? go ahead and contact us
