What types of gold should be held under holding companies

What types of gold should be held under holding companies
  • Written by
  • Huan Koh
  • Published on
  • Aug 11, 2023
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What types of gold should be held under holding companies

Gold exempted from GST is ideal to be held under holding companies domiciled in Singapore. Since they are exempted from GST, this makes them cheaper to acquire and hence a step closer to a return on investment.

Tips of choosing a holding company name

  1. Be at least 99.5% purity, in bar, ingot, wafer or coin shape
  2. Is capable of being traded on the international bullion market. That means a precious metal bar, ingot or wafer refined by a refiner who is in the current or former ‘Good Delivery’ list of the London Bullion Market Association (LBMA)
  3. Bear a mark or characteristic that is internationally accepted as guaranteeing its quality. An example of such a mark is the hallmark of a refiner in the ‘Good Delivery’ list of the LBMA stamped on the bar, ingot or wafer.
  4. Not be a decorative bar, ingot or wafer or a collector’s bar, ingot or wafer, such as jewelry, scrap precious metals for refining, bars with hager or hole (for wearing as a pendant), odd-shaped bars (e.g boat shape, heart shape), gold not refined by refiners on the “Good Delivery” list of LBMA

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