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Gold for the masses: bullion retailer starts savings programme
Investors can buy as little as 1g of gold or 10g of silver
Published Wed, Apr 23, 2014 · 10:00 PM
[SINGAPORE] A physical bullion retailer has launched a savings programme, encroaching on a space previously occupied only by local bank UOB.
The Singapore Precious Metals Exchange (SGPMX) is now allowing investors to buy as little as a gramme of gold or 10 grammes of silver in a bid to reach out to more retail investors. As at yesterday, a gramme of gold cost about $60, and 10 grammes of silver, $10.
Investors who invest in gold typically have to fork out at least $100 to buy a 1/20-ounce coin.
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