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Old 05-05-2008, 03:54 PM
Dollars Dollars is offline
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Default Gold bars more expensive than gold bullions?

I noticed per gram, UOB's gold bar is more expensive than the gold bullion. Why is this so?
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Old 05-05-2008, 05:17 PM
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Quote:
Originally Posted by Dollars View Post
I noticed per gram, UOB's gold bar is more expensive than the gold bullion. Why is this so?
what type of UOB gold bar are you talking about?
If you are talking about those 1,5,10 gram gold bars,they are of course more expensive than 1 oz gold bullion
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Old 05-05-2008, 05:31 PM
Dollars Dollars is offline
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Originally Posted by goldamateur View Post
what type of UOB gold bar are you talking about?
If you are talking about those 1,5,10 gram gold bars,they are of course more expensive than 1 oz gold bullion
I am also comparing with the 1/10, 1/4, 1/2 oz

why is tat so? i also notice the spread in the buy and sell price are huge in the bars.
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Old 05-05-2008, 05:37 PM
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The difference takes into account GST and bank's markup for profit
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Old 05-05-2008, 09:05 PM
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amadan amadan is offline
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The smaller the denomination, the higher the premium.
I read somewhere that its because smaller sizes require more effort to fabricate as it gets more intricate.

I came across a box of 25 pcs of 1/25 oz Chinese Panda's recently in Malaysia. The cost was about RM9000 for basically 1oz of gold. A premium of 3x.
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Old 05-05-2008, 11:07 PM
holist holist is offline
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Quote:
Originally Posted by amadan View Post
The smaller the denomination, the higher the premium.
I read somewhere that its because smaller sizes require more effort to fabricate as it gets more intricate.

I came across a box of 25 pcs of 1/25 oz Chinese Panda's recently in Malaysia. The cost was about RM9000 for basically 1oz of gold. A premium of 3x.
1/25oz? Just be careful. Might be medallions/rounds only or even ... (and they dont command such premium which the real coins do).
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Old 05-05-2008, 11:11 PM
holist holist is offline
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Quote:
Originally Posted by Dollars View Post
I noticed per gram, UOB's gold bar is more expensive than the gold bullion. Why is this so?
Do a search in the forum, as it was frequently answered previously, you should be able to find your answers.

Might as well......................
Cost of minting 1/20 oz or 1 gm or 1oz or 1kg or 10kg is about the same. So smaller the gold product, higher the minting premium.
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Old 06-05-2008, 11:13 AM
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amadan amadan is offline
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Originally Posted by holist View Post
1/25oz? Just be careful. Might be medallions/rounds only or even ... (and they dont command such premium which the real coins do).
yeah, is suspected as much, might but the premium had already put me off.
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Old 06-05-2008, 11:56 AM
nihimi nihimi is offline
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Look at the 100 grams bar and you will notice that it is very close to spot (less GST of course), I did a check with Mustafa and they prices for 100 grams is a difference of about S$200 from UOB.
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Old 07-05-2008, 10:49 AM
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Amadan,

That set of Pandas may have been this:

China 2007 25th Anniversary Panda Gold Proof Set
NGC PR-70 Price: US$3,199.00
NGC PR-69 Price :US$2,599.00

This set is issued to commemorate the 25th Anniversary of the Panda Coin Series, which began in 1982. Over the last 25 years, the Pandas have proven to be very popular with collectors worldwide. This special set contains 25 Proof coins. Each coin's obverse features a unique Panda design found on Panda Coins form 1982 to 2007, a 15 Yuan denomination, and the weight and purity of 1/25 troy oz of .999 pure gold. These 12mm diameter coins have a common reverse design featuring the Temple of Heaven in Beijing, the year 2007, and the Chinese characters for the "People's Republic of China," and the "25th Anniversary of the Issuance of Panda Coin." The complete set comes in a special hardwood display case, outer box, and certificate of authenticity. The coins are all graded NGC Proof-70 by the Numismatic Guaranty Corporation, a leading third party, independent coin grading service that is the Official grading service of the American Numismatic Association (ANA) and the Professional Numismatists Guild (PNG). With a worldwide mintage of only 18,000 sets, they are expected to sell out quickly.
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