May 2017 Stock Portfolio Update

Through POSB InvestSaver, bought 88 units of Nikko AM STI ETF (SGX:G3B) at $3.3542 and 429 units of ABF SG Bond ETF (SGX:A35) at $1.158.

Received S$344.80 worth of dividends.

I ended up purchasing 10 of the Royal Canadian Mint’s 1g MapleGram25g. The 10 gm of 99.99% gold costed me S$543.75 which averages out to be S$54.38 for 1 gm of gold when the spot rate is S$56.92 for 1 gm of gold.

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Evaluating GoldSilver Central Savings Accumulation Program

GoldSilver Central (GSC) recently launched the GSC Savings Accumulation Program for physical gold, silver and platinum in Singapore. It allows retail investors to accumulate physical precious metal on a daily basis for a flexible period of time (i.e. S$5 daily for 3 months). After the accumulation period, investors have the option of taking physical delivery of their holdings.

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