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Old 27-04-2017, 10:31 AM
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MasterID MasterID is offline
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Default 1g Gold Maple below spot (maybe) part 4

Courtesy of Lazada, Maybank and SK Bullion, another chance for us to stack gold below spot, maybe.

There is a twist to this discount and subject to "Lazada house rules which cannot be shared with customers".

Maybank is offering a 8% discount for first 400 per day capped at $10 per transaction. SK Bullion is also offering a 1g Gold Maple Leaf at $65.

The new twist is Lazada's new LiveUp membership program. FREE for first 60 days. LiveUp offers a 10% "cashback" for purchase at Lazada until 30 Jun 2017.

So the new math

1g Gold Maple Leaf: S$65.00
Maybank 8% discount: (S$5.20)
Total Maybank CC charge: S$59.80
LiveUp 10% rebate*: S$5.98

* This is the "twisted" discount. Rebate appears only after item is delivered, thus can only be used for subsequent purchases within 30 days. Else it will be gone.

So it works out to be S$59.80 plus a credit of S$5.98 and includes FREE delivery. It won't be below spot if you let the S$5.98 expires. Or some may calculate it as (59.80 - 5.98 =) S$53.82.


Today 27 Apr 2017 gold spot is S$1,770 which is S$56.91 per gram of gold.
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Old 27-04-2017, 10:46 AM
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Default

To buy below spot.

Step 1
Purchase 3 individual 1g Gold Maple Leaf using 8% discount.
3 x $59.80 = $179.40

Step 2
Wait for delivery and get 10% LiveUp rebate
3 x $5.98 = $17.94

Step 3
Purchase 1g Gold Maple Leaf and apply $17.94 rebate/credit
$65.00 - $17.94 = $47.06

You get 4 pieces of 1g Gold Maple Leaf and spend a total of $226.46 (=$179.40+$47.06), so you paid $56.62 (=226.46/4) for each 1g Gold Maple Leaf.

Today 27 Apr 2017 gold spot is S$1,770 which is S$56.91 per gram of gold. If gold spot drops drastically after delivery, you may not be buying at spot.
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