1203days since
2011

Gold Investment‎ > ‎

United Overseas Bank (UOB)

About

United Overseas Bank Limited is a bank incorporated in Singapore. It was founded 6 August 1935 by Kuching-born Datuk Wee Kheng Chiang, father of the present United Overseas Bank Group Chairman, Mr. Wee Cho Yaw, and a group of seven Chinese businessmen. UOB is currently the third largest bank based in Singapore.

United Overseas Bank (Malaysia) Bhd (UOB Malaysia) is a subsidiary of the United Overseas Bank Group, Singapore. Incorporated in Malaysia in 1993, UOB Malaysia took over the operations of Lee Wah Bank Limited (LWB) in 1994. LWB was incorporated in Singapore in 1920 and opened its first Malaysian branch in 1956. In 1973, LWB became a wholly owned subsidiary of United Overseas Bank Limited, Singapore.

On 7 June 1997, UOB Malaysia merged with Chung Khiaw Bank (Malaysia) Bhd (CKBM) and enlarged its paid up capital from RM210 million to RM470 million. United Overseas Bank (Malaysia) Bhd and Overseas Union Bank (Malaysia) Bhd merged into one legal entity on 2 February 2002 following the merger of UOB and OUB in Singapore.


Products


Australian Gold Nugget Coin 
The Australian Gold Nugget is a gold bullion coin minted by the Perth Mint. The coins have been minted in denominations of 1/20 oz, 1/10 oz, 1/4 oz, 1/2 oz, 1 oz, 2 oz, 10 oz, and 1 kg of 24 carat gold. They have legal tender status in Australia and are one of few legal tender bullion gold coins to change their design every year, another being the Chinese Gold Panda. This and their limited annual mintage may, unlike for many other bullion coins, raise their numismatic value over the value of gold used.

                 
  1/20 troy oz 1/10 troy oz 1/4 troy oz 1/2 troy oz 1 troy oz 2 troy oz; 10 troy oz 1 kilo
Metal Au Au Au Au Au Au Au Au
Weight (g) 1.5552 3.11 7.78 15.55 31.10 62.21 311.0 1000
Diameter (mm) 14.10 16.10 20.10 25.10 32.10 40.40 59.70 74.50
Thickness (mm) 1.4 1.30 1.80 2.20 2.65 3.35 7.65 15.80
Purity 999.9 999.9 999.9 999.9 999.9 999.9 999.9 999.9
Face value $5 $15 $25 $50 $100 $200 $1000 $3000


Canadian Gold Maple Leaf Coin
The Canadian Gold Maple Leaf is the official bullion gold coin of Canada and is produced by the Royal Canadian Mint. The coin was introduced in 1979. At the time the only bullion coin was the Krugerrand, which was not widely available because of an economic boycott of apartheid-era South Africa. 

The coin is offered in 1⁄20 oz, 1⁄10 oz, 1⁄4 oz, 1⁄2 oz, and 1 oz denominations and is guaranteed to contain the stated amount (in troy ounces) of 999.9 fine gold (24 carat). The coins have legal tender status in Canada for the face values of these coins ($1, $5, $10, $20 and $50) which is subject to the Canadian Currency Act in association with the Royal Canadian Mint Act. 
           
  1/20 troy oz 1/10 troy oz 1/4 troy oz 1/2 troy oz 1 troy oz
Metal Au Au Au Au Au
Weight (g) 1.5552 3.11 7.78 15.55 31.10
Diameter (mm) - - - - -
Thickness (mm) - - - - -
Purity 999.9 999.9 999.9 999.9 999.9
Face value $1 $5 $10 $20 $50


Singapore Lion Gold Coin
Since 1990, Singapore has issued gold bullion coins with a lion design. These were intended to meet local demand for investment in physical gold rather than international demand, so are not well marketed outside of Singapore, indeed we have never previously been offered any of the bullion or proof versions.
We recently bought one single proof set, dated 2001, but have created this page in the expectation that we will obtain other dates in the future.
The issue limits and mintage figures are all quite low, both for the bullion and proof issues.


           
  1/20 troy oz 1/10 troy oz 1/4 troy oz 1/2 troy oz 1 troy oz
Metal Au Au Au Au Au
Weight (g) 1.5552 3.11 7.78 15.55 31.10
Diameter (mm) - - - - -
Thickness (mm) - - - - -
Purity 999.9 999.9 999.9 999.9 999.9
Face value $1 $5 $10 $20 $50


Swiss Kinebar
The kinebar® - exclusively produced and distributed by Argor-Heraeus SA - is the only gold bar in the world to incorporate the unique and patented KINEGRAM® technology, an iridiscent security feature providing enhanced protection against counterfeiting of bank gold bars. Union Bank of Switzerland, through its subsidiary refinery, Argor-Heraeus SA, has applied the holographic kinegram as a security device to the reverse of its minted bars since December 1993. The kinebar, now produced by UBS AG, is a registered trade mark of UBS. The hologram is embossed on the gold itself; it is intended both as a security feature and for visual appeal.








Swiss Pamp Gold





Advantages & Disadvantages

Advantages:
  • All the UOB gold products are international gold bar and coin.
  • Lower price.
  • Low spread value, 2.5% to 19.6%.
  • Can pawn for cash.
  • Can check buy and sell price online at UOB website.

Disadvantages:
  • Difficult to get stock due to high demand.
  • UOB wouldn't accept back for scratch, bend or boken gold bar or coin.
  • If lost the gold certificate UOB wouldn't accept back the coin or gold bar.
  • Only can buy on banking hour.

Contact

Address:
Kuala Lumpur Main
Address Level 2, Menara UOB,
Jalan Raja Laut,
50350 Kuala Lumpur

Phone:
Call UOB Gold dealers at 603-2772 6551 during office hours.

After office hours, Call 24-hour UOB 121 Phone Banking Service at:
Kuala Lumpur  +603 26128 121 
Penang  +604 2401 121 
Johor Bahru  +60 72881 121 
Kuching  +608 2287 121 
Kota Kinabalu   +608 8477 121 

Email:

Website: