How I Did My Due Dilligence on Public Gold

When I first heard about Public Gold, I had a lot of questions.

What if it’s a scam?
What if the gold isn’t real?
What if I can’t even withdraw the physical gold?

Still, I decided to give it a shot.

I banked in some cash into my PG GAP account.

I then received an invoice via email which confirmed that Public Gold has received my cash transfer.

After seeing the dollars turn into grams in the app, I then arranged a withdrawal at the Public Gold Johor branch in Taman Molek.

Made an appointment, crossed the border, and collected my physical gold bar.

To be safe, I brought the bar back to Singapore and the very next day, I went to a local pawn shop to verify its authenticity.

No issues at all. The staff confirmed it was 24K solid gold and even offered to buy it – though slightly below market rate, which is normal for pawn shops.

That was more than a year ago.

Since then, I’ve been gradually accumulating gold through the Gold Accumulation Program (GAP) – buying in small amounts whenever I had spare cash.

Today, gold prices have risen more than 30%, which is more than enough to cover the buy-sell spread and keep ahead of inflation.

Source: https://ycharts.com/indicators/gold_price_london

What I also learnt later:
Public Gold guarantees a buyback of their branded physical gold – no matter the condition.

Even if your gold is scratched, dented, or broken, they’ll still buy it back.

Sometimes, the only way to find out… is to test it yourself.

If you’re curious and want to explore Public Gold for yourself, feel free to drop me a WhatsApp message.

Registration is free – no pressure to buy, just take the first step to learn.

Do I have to pay GST for the gold I brought back to Singapore?

Since this is an investment-grade 24k gold bar, it is exempt from GST.

Source: https://www.customs.gov.sg/individuals/gst-exemption-for-investment-precious-metals/

That being said, do have the receipts or invoices to support the valuation of your items.