We emptied our piggy banks again! :D
This time, we employed the help of Baby1 and Baby2 to sort and help to pack the 50 cents and 1 dollar coins. We counted a total of $1090. As usual, we exchanged the coins with my mummy so that she can bring it for use at her workplace.
Normally, we would deposit this savings into our designated savings account for it to start earning interests for us. However, since the saving of coins was to contribute towards our Baby Savings Plan, and we also have a plan to invest in gold coins for our kids, we decided to use this money to buy a gold coin instead. In addition, we topped up the total sum with Baby1’s POSB Kids Savings account (which wasn’t earning much interests at all) and bought a larger gold coin for the kids.
One thing we noticed about buying from UOB is that, for the same weight, a gold bar is cheaper than a bullion coin. See the price list here. We’ve already bought a bullion coin this time, but perhaps we should be buying a gold bar instead the next time.