UOB Gold Saving Account

The UOB Gold Saving Account is literally a saving account in gold ... read more about it in http://www.uobgroup.com/pages/personal/investments/treasury/preciousmetals/index.html

It has the following disadvantages

1. No interest payment
2. UOB collects an annual transaction fee (aka maintenance) based on highest amount transacted.

However, it is simple to maintain and one of the less costly ways to buy gold.