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Old 08-10-2007, 05:15 PM
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Tungsten Tungsten is offline
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Default Buying gold coins in Hong Kong

I am going to Hongkong soon, thinking of picking up some more gold coins.. have anyone buy gold coins from HK? can give advise why to buy them from. thanks...
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Old 08-10-2007, 05:26 PM
Joy4u Joy4u is offline
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hang seng HK sells gold coin
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Old 08-10-2007, 09:22 PM
Aigburth Aigburth is offline
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To be more precise, the Hang Seng main brancn in Central, HK island (near the Central MTR station) deals with physical coins. Not sure about other branches.

Alternatively, you can buy gold coins in KL, Malaysia. Many of the UOB branch sell them but their main branch in KL has the most coins. They have both Aust and Maples coins. Prices in KL should be similair to HK.
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Old 08-10-2007, 09:40 PM
holist holist is offline
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The difference in price for gold between Sg and My/HK is the 7% GST.

When u bring them in u still need to pay the 7% GST unless......
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  #5  
Old 08-10-2007, 11:51 PM
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Quote:
Originally Posted by Tungsten View Post
I am going to Hongkong soon, thinking of picking up some more gold coins.. have anyone buy gold coins from HK? can give advise why to buy them from. thanks...
Visit the basement of Hang Seng Bank Central Branch if you wish to buy American Eagles 1 Oz. I just went there this morning to sell my Eagles. It is within walking distance from Exchange Square, IFC Mall, Airport Express Hong Kong. Check out www.ypmap.com if you want to confirm.

Hang Seng prices are here:
http://www.hangseng.com/e_rate/gold_price.asp
They only accept cash. And you must bring a form of ID for them to record your name. You will also be asked to provide your tel no and address. I have asked them why, they said this is HK government requirement, not theirs.

If you wish to buy Canadian Maples, Silver or Platinum Bullion, don't go to Hang Seng, go to BOC instead. Their prices are here: http://www.bochk.com/web/market/trad...es&fldr_id=279
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Old 09-10-2007, 11:45 AM
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Hm..prices look tempting. Shld get my parents-in-law to help me buy some when they are back in Hong Kong.
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Old 09-10-2007, 01:42 PM
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thanks for the all the info...
I don't think 7% GST is not worth to pay for. ..singapore gold investors are being unfairly penalised by this GST. I hope that the gold prices don't jump up too much by the time i am there..
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Old 09-10-2007, 02:03 PM
Gold_newbie Gold_newbie is offline
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think of it as an ERP gantry. pass through, got to pay. May not have to correlate with any benefits whatsoever.
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Old 09-10-2007, 02:08 PM
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Just walk through the green channel. If they stop you, tell them that you are a bona fide traveller and that you are claiming GST relief. It's not as though you're carrying contraband or something. When I bought silver in Chicago last month, I was not charged 9% Chicago sales tax, although it was levied on my purchase of other items like clothes and fragrances.
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Old 09-10-2007, 02:10 PM
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try to avoid the ERP if I can. sometimes have to make some detours...
if gold is the "real" money i see no sense is paying taxes for it..
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