Why Buy Gold?
Unlike paper assets, gold isn’t subject to counterparty risk. And unlike fiat currencies, it cannot be printed at will. That’s why many investors worldwide buy gold to preserve wealth over the long term and diversify their portfolios.
If you’re looking to get started, buying your first gold bar is a logical first step
How Much Is a Gold Bar Worth?
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The value depends on a few key factors:
- Weight: Gold bars are available in many sizes.
- Purity: Most investment-grade bars are 99.99% pure gold (24 karat).
- Spot Price: Gold prices fluctuate daily. The global spot price determines the base cost.
- Premium: This is the markup above spot price to cover manufacturing, logistics, and dealer services.
Example: If gold trades at USD $2,300/oz, a 1 oz gold bar might retail for around USD $2,350–$2,400, depending on supply and brand.
What Type of Gold Bar Should You Buy?
If you’re new to the game, these are the things to consider before you buy a gold bar:
- Start with Smaller Bars – Small denominations offer flexibility and lower total outlay.
- Choose Trusted Refiners – Stick to LBMA-approved brands with strong resale value.
- Consider Long-Term Storage – Unsure where to keep your gold? BullionStar offers fully insured Vault Storage in Singapore.
Where Should You Buy Gold?
Not all sellers are equal. Here are your options:
Bullion Dealer (Best Choice)
Reputable dealers like offer:
- Transparent pricing
- No GST on investment-grade precious metals in Singapore
- Both an online presence and a physical bullion center.
- Vault storage or self-collection
Banks
Some banks sell gold, but with limited variety, higher premiums, and less flexibility.
Retail Outlets
BullionStar’s walk-in shop in Singapore lets you buy gold bars directly without an appointment—and even pay in cash.
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