Clarification
IN "Gold for the masses: bullion retailer starts savings programme" (BT, April 24), it was mentioned that the UOB gold and silver savings accounts are not backed by physical bullion, and that investors who terminate their accounts will have to sell their holdings to the bank at a discount to the market rate. UOB has clarified that the accounts are backed by physical bullion, which is a regulatory requirement. Customers can sell their gold and silver holdings back to the bank at prevailing market bid rates which are found on its website.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Aims Apac Reit posts 10.2% lower H2 DPU on enlarged unit base
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling
AIA launches wealth centre targeting high-net-worth clients