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Old 28-04-2017, 02:04 PM
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Default 1g Gold Maple below spot (maybe) part 5

Courtesy of Lazada, DBS 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".

DBS is offering a 8% discount for first 600(!!!) per day capped at $15 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

2x 1g Gold Maple Leaf: S$130.00
DBS 8% discount: (S$10.40)
Total DBS CC charge: S$119.60
LiveUp 10% rebate*: S$11.96

* 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$119.60 plus a credit of S$11.96 and includes FREE delivery. It won't be below spot if you let the S$11.96 expires. Or some may calculate it as (119.60 - 11.96 =) S$107.64 for 2g of gold or S$53.82 per 1g of gold.


Today 28 Apr 2017 gold spot is S$1,770 which is S$56.91 per gram of gold.

Last edited by MasterID; 08-05-2017 at 11:51 AM.
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Old 28-04-2017, 02:11 PM
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To buy below spot.

Step 1a
Purchase, using 8% discount, 2x 1g Gold Maple Leaf at $119.60

Step 1b
Purchase, using 8% discount, 1x 1g Gold Maple Leaf at $59.80

Step 1 total: $179.40

Step 2
Wait for delivery and get 10% LiveUp rebate
10% x $179.40 = $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 28 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 below spot.
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Old 06-05-2017, 07:55 AM
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I was on a buying frenzy on Lazada with the LiveUp membership and used the rebate to buy a 1g Gold Maple (spot went down yet Lazada price increase to $66).

I paid $11.94 for a 1g Gold with FREE delivery.
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