20 Feb 2019, Wednesday, 7pm at GoldSilver Central’s Retail Location (3 Pickering Street #01-16 Nankin Row Singapore 048660)
This is a group for anyone interested in understanding and pursuing Numismatic knowledge. We will be sharing educational information on Pre-1933 Numismatic Silver Coins and Modern Semi-Numismatic Silver Coins, their purposes in the market and how you can turn your interest into an investment as well!
Silver Numismatics Guide: Which Morgan and Peace Silver Dollars to Get?
For this meetup, we will be providing in-depth discussion and sharing for Pre-1933 Numismatic Silver Coins (Morgan and Peace Silver Dollar) and on Semi-Numismatic Silver Coins:
- Morgan and Peace Silver Dollars: We will be covering on the Historical Highlights and the most Coveted Years and Mint such as the Rare Years for the Silver Coins
- Price History of the Morgan and Silver Dollar Silver Coins – Providing you with a better understanding of how prices have fluctuated for the Silver Coins
- Semi-Numismatic Silver Coins: What qualifies as a Semi-Numismatic Silver Coins? Does my Koala or Kookaburra Silver Coins have a Collectible Value?
WHY NUMISMATICS?
Numismatics is the proper term for collector coins having added value to their collectors as beautiful, old, precious, rare items, in addition to the value of the metal they contain.
Investments in Numismatics enhances your leverage potential which could result in twofold, threefold and even more, regardless of market fluctuations. We will be covering the topics of Diversification, Profit Potential, and Aesthetics.
NUMISMATICS SPECIALIST:
Stephen Thorson
An investor of Gold, Silver, Platinum and Palladium Precious Metals for 27 years, Stephen Thorson has accumulated a vast and thorough knowledge when it comes to Numismatics.
–
Come join us!
The 2018 South African Krugerrand Silver Coin 1oz has been GST Exempted as of 17 Jan 2019.
Purchase your piece of 2018 South African Krugerrand Silver Coin now before we completely sell out for this iconic pure 999 silver coin!
Limited Quantities available and whilst stocks last!
We are proud to introduce to you the American Liberty 225th Anniversary Gold Coin minted in 2017 in celebration of the US Mint and their 225th anniversary.
For the first time in its minting history, the US has produced a $100 Proof High Relief coin. In 2015, the U.S. Mint issued a different $100 High Relief coin, but it was considered a Mint State coin as opposed to a Proof coin.
This coin also features a “Deep Cameo” look, which NGC calls “Ultra Cameo.” Deep Cameo means that the coin has a fully frosted finish and has completely reflective fields.
American Liberty 225th Anniversary Gold Coins have a 100 Dollar denominational value and are minted in .9999 24–karat gold, in high–relief.
The final winner for our Royal Mint Britannia Giveaway is
Stevenson Chew
SXXXXX76A
Here’s a recap of the 4 winners for our Britannia Month Giveway!
| Week No. | Name of Winner | Giveaway |
| 1 | Desmond Tan (SXXXXX61I) |
01 x Royal Mint 2019 Britannia Platinum Coin 1oz |
| 2 | Charles Chau (SXXXXX99D) |
01 x Royal Mint 2019 Britannia Platinum Coin 1oz |
| 3 | Joseph Ng (SXXXXX40D) |
01 x Royal Mint 2019 Britannia Platinum Coin 1oz |
| 4 | Stevenson Chew (SXXXXX76A) |
01 x Royal Mint 2019 Britannia Platinum Coin 1oz |
Thank you so so much for participating and we hope you had as much fun as we did!
Joseph’s famous words to us were “I saw this advert (for the Royal Mint Britannia Giveaway). But I have never won any lucky draw in my life.”
Well, guess what Joseph? You are indeed our winner for week 3 of our Royal Mint Britannia Giveaway!
So, Joseph also tripled his chances to win his piece by buying via our GSC Live! platform for this giveaway! Do it like our 3 winners to increase your winning odds by purchasing via our GSC Live platform.
Don’t miss out on your Last Chance to walk home with our last piece of 2019 Royal Mint Britannia Platinum Coin 1oz!
You might just be the person to be our final winner so don’t miss out on our giveaway! http://bit.ly/RMBritGiveaway
Guess who’s our happiest customer for today? It’s Charles Chau (SXXXXX99D) who’s gonna walk home with his 2019 Britannia Platinum 1oz Coin! Congratulation on being our Winner for Week 2 🎉
Just 2 more pieces of the 2019 Royal Mint Britannia Platinum Coin 1oz up for grabs so don’t miss out on our giveaway! http://bit.ly/RMBritGiveaway
Here, we have one of the 115,000 minted pieces of the 2009 Ultra High Relief St. Gaudens Double Eagle. This piece is also proof like and is graded as an MS70, signifying perfect condition.
This piece is also extremely rare with only 20 pieces available with Mr Thomas S Cleveland’s Signature on the slab.
Thank you for participating the first week of our 2018 Royal Mint Britannia Month Giveaway!
The Winner for Week 1 is Desmond Tan (SXXXXX61I)
Desmond tripled his chances of winning when he bought via our GSC Live! platform. So do it like Desmond and purchase via our GSC Live! platform to increase your winning odds!
We still have 3 more pieces of the 2019 Royal Mint Britannia Platinum Coin 1oz up for grabs so don’t miss out on this opportunity!
WEEK 2 OF BRITANNIA MONTH GIVEAWAY HAS BEGUN!
We still have 3 more pieces of the 2019 Royal Mint Britannia Platinum Coin 1oz to Giveaway so don’t miss out on this opportunity to bring home your free Britannia Platinum Coin 1oz!
For Week 2, please submit your order online or via our GSC Live! platform from 12 Nov 18, 10am to 18 Nov 18, 11:59pm and we’ll announce the winner on 19 Nov 18, 12pm.
We hope you will be our next lucky winner 🙂
Click here to learn more on how to participate in our Britannia Month Giveaway
This is a group for anyone interested in understanding and pursuing Numismatic knowledge. We will be sharing educational information on Numismatic Gold and Silver Coins, their purposes in the market and how you can turn your interest into an investment as well!
For this meetup, we will be covering Advanced Numismatic Topics on
- How to Navigate through PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation) website to fully utilize their Online Resources to be an informed Numismatist
- Coin Focus: $20 St Gaudens Gold Coin. We will discuss the design, rarity, and history of this coin
WHY NUMISMATICS?
Numismatics is the proper term for collector coins having added value to their collectors as beautiful, old, precious, rare items, in addition to the value of the metal they contain.
This meetup will be more hands-on with live demonstrations on utilizing the grading websites and on the iconic $20 St Gaudens Gold Coin.
TOPICS COVERED FOR THIS ADVANCED NUMISMATICS MEETUP:
- Navigating through PCGS Website
- Navigating through NGC Website
- Coin Highlight: St Gaudens Gold Coin
We will also cover a short 5 minutes overview of how the Precious Metals Market has been doing over the past week.
NUMISMATICS SPECIALIST:
Stephen Thorson
An investor of Gold, Silver, Platinum and Palladium Precious Metals for 27 years, Stephen Thorson has accumulated a vast and thorough knowledge when it comes to Numismatics.
–
So come join us!
Extremely popular with investors, the Perth Mint Lunar Series II featuring a collection of Gold and Silver coins are Perth Mint’s flagship range. The designs based on the 12-year Zodiac Animals are a huge hit with coin collectors and bullion investors internationally, and has created a craze for avid fans to complete their gold and/or silver lunar coins from new releases each year.
PERTH MINT WEEK – EXCLUSIVES FROM OUR SEALED VAULT
From 1st October 2018 (Monday, 10am) to 8th October 2018 (Monday, 10am), we are releasing never-seen Perth Mint Lunar Silver and Gold coins of extremely limited quantity (most already have declared mintages) in our online store. All coins are in mint condition and comes individually encapsulated in a tight plastic capsule.
We would be releasing Pre-Orders for the 2019 Australian Lunar Pig Silver Coins as well!
The Lunar 1oz Silver Coins have a mintage of 300,000 and have consecutively been sold out, usually within days or a week after their launch dates.
For easier references on the mintage of our Perth Mint Lunar Series available on our website, we have compiled the declared mintages at the end of this post for you.
TRADE IN YOUR SILVER COINS & TOP UP A SMALL AMOUNT FOR PERTH MINT ITEMS!
Trade in your LBMA Silver Coins 1oz (Canadian Maple Leaf, Philharmonics, American Eagles) for a HIGHER buyback price and top up the price difference to get your hands on the limited mintage Perth Mint Silver Lunar series coins.*
Buyback prices will be based on the bid spot price on our website with no further discounted prices on your buyback items. This means that you get to sell your coins at higher prices, while unlocking the chance to purchase limited mintage silver coins.
*Please refer to our Terms & Conditions below for this arrangement.
Don’t miss out on completing and adding onto your collection!
Look out for the Perth Mint week on 1st October 2018, Monday at 10am!
| YEAR | COIN DESCRIPTION | DECLARED MINTAGE |
| 2012 | 2012 Australian Lunar Dragon (Lion Privy) Silver Coin 1oz | 200,000 |
| 2012 | 2012 Australian Lunar Dragon Silver Coin 2oz | 118,738 |
| 2013 | 2013 Australian Lunar Snake Gold Coin 2oz | 6,693 |
| 2013 | 2013 Australian Lunar Snake Silver Coin 1/2oz | 160,616 |
| 2013 | 2013 Australian Lunar Snake Silver Coin 1oz | 300,000 |
| 2013 | 2013 Australian Lunar Snake Silver Coin 2oz | 56,133 |
| 2013 | 2013 Australian Lunar Snake Silver Coin 5oz | 20,552 |
| 2013 | 2013 Australian Lunar Snake Silver Coin 10oz | 28,213 |
| 2013 | 2013 Australian Lunar Snake Silver Coin 1Kg | 32,083 |
| 2014 | 2014 Australian Lunar Horse Silver Coin 1/2oz | 249,155 |
| 2014 | 2014 Australian Lunar Horse Silver Coin 1oz | 300,000 |
| 2014 | 2014 Australian Lunar Horse Silver Coin 2oz | 112,801 |
| 2014 | 2014 Australian Lunar Horse Silver Coin 5oz | 31,232 |
| 2014 | 2014 Australian Lunar Horse Silver Coin 10oz | 29,983 |
| 2014 | 2014 Australian Lunar Horse Silver Coin 1Kg | 39,100 |
| 2015 | 2015 Australian Lunar Goat Silver Coin 1/2oz | 188,442 |
| 2015 | 2015 Australian Lunar Goat Silver Coin 1oz | 300,000 |
| 2015 | 2015 Australian Lunar Goat Silver Coin 2oz | 61,843 |
| 2015 | 2015 Australian Lunar Goat Silver Coin 5oz | 16,920 |
| 2015 | 2015 Australian Lunar Goat Silver Coin 10oz | 26,932 |
| 2015 | 2015 Australian Lunar Goat Silver Coin 1Kg | 25,536 |
| 2015 | 2015 Australian Lunar Goat Silver Proof Coin 1oz | 8,500 |
| 2016 | 2016 Australian Lunar Monkey Silver coin 1/2oz | 233,615 |
| 2016 | 2016 Australian Lunar Monkey Silver coin 1oz | 300,000 |
| 2016 | 2016 Australian Lunar Monkey Silver coin 5oz | 23,486 |
| 2016 | 2016 Australian Lunar Monkey Silver Proof Coin 1oz | 4,176 |
| 2016 | 2016 Australian Lunar Monkey Silver 3-Coins Proof Set 3.5oz | 1,000 |
| 2017 | 2017 Australian Lunar Rooster Silver Coin 1/2oz | 114,537 |
| 2017 | 2017 Australian Lunar Rooster Silver Coin 1oz | 300,000 |
| 2017 | 2017 Australian Lunar Rooster Silver Coin 2oz | 32,967 |
| 2017 | 2017 Australian Lunar Rooster Silver Coin 5oz | 12,331 |
| 2017 | 2017 Australian Lunar Rooster Glided Proof Silver Coin 1oz | 4,677 |
Terms & Conditions for Buyback Arrangement during Perth Mint Week:
- Condition of the coins must be in good condition, as determined by GSC staff
- Not limited to 1-1 quantities, Clients can sell as many LBMA Silver Coins 1oz as they wish and purchase as many Lunar Series Coins as they wish to.
The Mexican Libertad Gold Coins in 1 troy ounce denomination are highly desired by investors due to their impressive and classic design that is bound to stand out in any collection.
The 2018 Mexican Libertad 1oz Gold Coins have a limited mintage of only 2,050 and come from the oldest mint in North America; Casa de Moneda de México.
For more details on the coins, please click on the following link: http://bit.ly/2018mexicanlibertadgold
Interested in collecting beautiful pieces of historical Gold and Silver Coins but don’t know where to begin? Then this meet up is for you!
This is a group for anyone interested in understanding and pursuing Numismatic knowledge. We will be sharing educational information on Numismatic Gold and Silver Coins, their purposes in the market and how you can turn your interest into an investment as well!
WHY NUMISMATICS?
Numismatics is the proper term for collector coins having added value to their collectors as beautiful, old, precious, rare items, in addition to the value of the metal they contain.
Investments in Numismatics enhances your leverage potential which could result in twofold, threefold and even more, regardless of market fluctuations. We will be covering the topics of Diversification, Profit Potential, and Aesthetics.
We’ll be featuring Numismatic Gold coins such as the Saint Gauden and liberty head during the meetup. Here’s a video teaser on our St Gauden Gold Coins!
TOPICS COVERED FOR THE INTRODUCTION:
• Introduction to Numismatics
• Grading and Numismatic Leverage
• Numismatic Pricing and Value Variables (Mintage and such)
• Which Gold and Silver Coins to collect/invest in
We will also cover a short 5 minutes overview of how the Precious Metals Market has been doing over the past week.
NUMISMATICS SPECIALIST:
Stephen Thorson
An investor of Gold, Silver, Platinum and Palladium Precious Metals for 27 years, Stephen Thorson has accumulated a vast and thorough knowledge when it comes to Numismatics.
–
So come join us!
Revealing our First Batch of 2018 Silver Krugerrands!
Our first tubes of 2018 Silver Krugerrands are here! Watch this video to get a first look at the design of this iconic Silver Coin.
We are happy to announce that we have added a new payment method for our products and services: PayNow 🎉
What is PayNow
PayNow is a peer to peer fund transfer service that allows you to transfer funds to 9 participating banks in Singapore:
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 OCBC Bank |
 UOB Bank |
 Citibank |
 Maybank |
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This enables you to send payments to GoldSilver Central using your bank’s existing internet banking or mobile banking app via PayNow.
All you need is GoldSilver Central’s PayNow QR Code or UEN (Unique Entity Number):
UEN: 201107187N
Why use PayNow for payments to GoldSilver Central:
- No bank charges/additional charges to you*
- Transfer Limit of S$ 200,000 per transaction**
- Multiple transactions are accepted
- Transactions are almost immediate
- 24/7 availability
- Safe and Secure
*Please note that this would be applicable from now until 31 December 2019.
**The transfer limit would depend on your own limits set for your Fund Transfer Limits in your Online Banking Account.
How to use PayNow to make payments/funds transfers
- Log into your Bank’s existing Internet Banking Platform/ Mobile Banking app. (For each bank’s instructions on using PayNow, you can click on your bank’s icon above to be directed to their designated PayNow information page)
- At PayNow transfer screen, you can either scan the GoldSilver Central PayNow QR Code or choose Unique Entity Number and key in our UEN: 201107187N.
- Key in the Amount to be transferred.
- Confirm that the recipient of the funds is GoldSilver Central, and send the money. It will be transferred almost instantly.
- The status of your transfer will be shown in your existing Internet Banking Platform/ Mobile Banking app.
https://www.abs.org.sg/videos/File-System/paynow_send-money-demo-video_final.mp4?_=1
And that’s it!
The QR code and UEN Number will be updated on our website’s FAQ under Regarding Payment – What are my payment options, and on our Standard Settlement Instructions (SSI) available in Resources.
Celebrate Singapore’s 53rd Birthday with our National Day Specials!
From 24 July 2018 to 10 August 2018, we are having a promotion on our popular products and NDP Features! Click here to see our promotions.
For the first time in 51 years, the iconic Krugerrands are now available in Pure Silver.
Originally available as 916 Gold, the Krugerrands are now available in Pure Silver (999 Purity) in 1 troy ounce denomination.
The Silver Krugerrands will be produced with unlimited mintage as a Brilliant Uncirculated Silver Coin with a denomination of 1 Rand and is guaranteed by the South Africa Mint.
A little information about Krugerrands
Krugerrands possess a rich history. The gold coins were first minted in 1967 and they accounted for 90% of the global gold coin market by 1980. Since their first year of production, more than 50 million ounces of Gold Krugerrands have been sold and traded globally. It was even the number 1 choice for investors worldwide looking to include gold in their financial portfolio during the bull gold market in the 1970s.
It was only in 2017 that Silver Krugerrands were introduced into the market in celebration of the coin’s 50th anniversary. The 2017 Silver Krugerrands were only available in Proof quality.
Now, for the first time in history, the Silver Krugerrands are now available as Brilliant Uncirculated Silver coins with low competitive bullion premium pegged directly to spot prices.
Silver Kruggerand’s Status in Singapore (to date)
Currently, the 2018 South Africa Krugerrands are taxable. We expect them to be exempted from tax later this year.
You can purchase the Silver Krugerrands from us at the Freeport and take physical delivery at a later date this year. Precious Metals stored at the Freeport are not subjected to tax.
About Freeport Storage Option
Upon checking out via this option, you would be purchasing into our 2018 South African Krugerrand Silver Coin 1oz inventory stored at the Freeport. You can request to take physical delivery of your coins, but please note that tax will be payable at this current point of time. By selecting this option, you would be given 6 months worth of secured storage from your point of purchase charged at only S$0.20.
Additional storage charges would be payable upon the end of the 6-months storage.
Please click on the banner on to know more about the Freeport Storage Option:
For more clarifications, please drop us a call at +65 62229703 or email us.
The 2018 South Africa Krugerrand Silver Coins are available as single coins or mint tubes (25 silver coins each) or in monster boxes (25 tubes, 500 silver coins).
Plastic Capsules sold separately.
Pre-Order your 2018 South Africa Krugerrand Silver Coin 1oz now!
It’s time to let us know who you think will be the winning team for the Third Match of our Football Specials 2018!
Products Up for Release:
3rd Match Details:
Name of Match: England vs Belgium
Match Date: 29 June 2018, Friday, 2am
Promotion Period: 30 June 2018, Saturday, 1pm to 04 July 2018, Wednesday, 5pm.
Need a recap on how the football specials work? Click here!
Click on the button below to participate in the Third Match (England vs Belgium) of our Football Specials 2018!
It’s time to let us know who you think will be the winning team for the Second Match of our Football Specials 2018!
Second Match Details:
Name of Match: Germany vs Sweden
Match Date: 24 June 2018, Sunday, 2am
Promotion Period: 25 June 2018, Monday, 1pm to 28 June 2018, Thursday, 5pm.
Click on the button below to participate in the Second Match (Germany vs Sweden) of our Football Specials 2018!
Hari Raya – A timely occasion to give special gifts to loved ones to show appreciation and affection.
In celebration of Hari Raya, we are having promotions on Gold and Silver Bullion and Jewellery from 6 June to 24 June 2018!
Published: 25 May 2018
- Degussa Goldhandel GmbH is now cooperating with precious metal retailer GoldSilver Central Pte Ltd in Singapore. The partnership between both providers who are leaders in their respective markets covers the distribution of Degussa bullion bars as well as gift items made out of gold and silver. GoldSilver Central will offer the products of Europe’s biggest precious metal retailer in its own stores as well as via its online shop (http://www.goldsilvercentral.com.sg/).
- The cooperation with the Singaporean precious metal specialist positions the presence of Degussa and its products in the Asian region on a broader basis and will open up new growth potential.
- “Due to the cooperation with GoldSilver Central, we are able to give new impetus to our presence in Asia,” said Raphael Scherer, Chief International Officer (CIO) and member of the Degussa management board. “With this step we also want to strengthen our position in Singapore, one of the most important precious metal trading centres in Asia and offer local customers access to the Degussa gold and silver bars as well as our lifestyle items.”
- Since its launch in 2011, Degussa has developed into the European market leader amongst the independent precious metal retailers with branches in ten sites in Germany as well as internationally in Zurich, Geneva and Madrid. Furthermore, in 2013 the company also took over London precious metals company Sharps Pixley.
- “We look forward to this collaboration with Degussa and are exploring new strategies to provide better solutions and choices for Precious Metals Investments in Asia.” Said Brian Lan, Managing Director of GoldSilver Central. “The continuation of this partnership enables both companies to leverage on each other’s knowledge and network to create new business opportunities and most importantly, to benefit Precious Metals Investors in Asia.”
- GoldSilver Central was also established in 2011, in Singapore, and specialises in the physical trading of gold, silver and platinum for both individuals and businesses. Hereby the company offers a wide range of products and services with the aim of offering private investors the opportunity to invest in precious metals at competitive prices such as the first spot deliverable precious metals platform – GSC Live!. GoldSilver Central is a member of the Singapore Bullion Market Association (SBMA) which was founded in 1993 with the aim of making Singapore a centre for gold trading in South East Asia.
ENDS
For media requests, please contact:
Beata Liew
Manager, Branding & Marketing
GoldSilver Central Pte. Ltd.
T: (65) 6222 9703
E: beata.liew@goldsilvercentral.com.sg
About GoldSilver Central
GoldSilver Central Pte Ltd, a Singapore registered company since 2011 specialises in physical bullion trading in gold, silver and platinum at real-time pricing, industry bullion supply, bullion buying and selling, collateral loan and secured storage under GoldSilver Central’s Bullion Storage Program at the Le Freeport.
GoldSilver Central has been awarded Authorised Distributorship for Perth Mint products and also the Authorised Dealer for the Government Guaranteed Perth Mint Certificate Program. GoldSilver Central differentiates itself from its competitors with its full suite of integrated precious metals products and bullion services with a focus on making physical bullion investment accessible and liquid to the individual, at leading competitive rates.
GoldSilver Central is a current local associate corporate member of the Singapore Bullion Market Association (SBMA), formed in 1993 to support Singapore’s goal to be a physical bullion hub in Southeast Asia.
For further information, please visit www.goldsilvercentral.com.sg
Contact email: enquiry@goldsilvercentral.com.sg | Tel : (65) 6222 9703
GoldSilver Central’s office is located at 03 Pickering Street #01-15/16 Nankin Row Singapore 048660.
About Degussa Goldhandel
The name Degussa is synonymous like no other with quality and durability in the world of precious metals. This tradition is now being continued by Degussa Goldhandel GmbH, which has been active in the precious metals market since 2011. As a globally operating company for gold, silver and platinum metals, Degussa has since become the market leader among bank-independent precious metal traders.
Degussa offers its broad product range at ten national and international locations in London, Zurich, Geneva and Madrid. In addition to bars, coins, numismatics and gold gifts, customers have online shops and services such as the purchase of old gold and storage at their disposal. With its precious metal expertise in trading, recycling and production for industrial customers, the company fully reflects the precious metal cycle.
In 2017, the Degussa Group generated sales of more than EUR 1.5 billion in the private customer segment. The number of employees increased from 150 in 2016 to almost 160 in 2017.
We now accept DBS PayLah! for our online payment for enhance ease and convenience when it comes to making payments for your online orders, or your storage fees or your GSAP payments (basically any payments required to GoldSilver Central) without any additional charges.
How to use DBS PayLah! for online payments:
Instructions
- Open your DBS PayLah! app on your mobile devices.
- Select the “Scan QR” icon on your screen.
- Scan the PayLah! QR code above (or click on the image for a bigger resolution)
- Enter the Amount and do indicate your order number in the message.
- Press “Next”, re-confirm the information and press “Let’s Go!”
- Your transaction confirmation will appear in the next screen.
Still unsure and need an elaborate walkthrough?
Here you go:
Elaborate Walkthrough on How to use DBS PayLah! Online Payment
- Open your DBS PayLah! app on your mobile device and select the “Scan QR” icon your screen:
- Scan the GSC Pay Lah! QR code:
- Input the amount for payment, indicate your order/invoice number in the details field and select Next button
- Review and check your transaction and then select “Let’s Go!”. You will see a processing page:
- Your transaction has been confirmed:
Don’t have a DBS PayLah! Account and interested to get one?
Preview of full Precious Metals Bullion Insights Report
To receive the full report of our Precious Metals Bullion Insights on a weekly basis, please subscribe here:
(We promise there will be no spam but informative insights from our in-house technical analyst team!)
PRECIOUS METALS MARKET REVIEW.
| Weekly Spot Price (30 April – 4 May 2018) | ||||
| Open | High | Low | Close | |
| Gold | 1322.47 | 1325.40 | 1301.37 | 1312.91 |
| Silver | 16.50 | 16.58 | 16.04 | 16.46 |
| Platinum | 911.45 | 919.18 | 908.27 | 914.19 |
Precious Metals News Updates:
| · | Exclusive: World’s biggest gold ETF launching new low-fee fund –source The World Gold Council, owner of the world’s largest gold-backed exchange traded fund (ETF), is launching a new fund with a cut-price management fee to fend off rivals with lower charges, a source familiar with the matter told Reuters. |
| · | · Lebanon Central Bank Governor on Elections, Reforms, Gold Lebanon Central Bank Governor Riad Salame discusses the Lebanese elections, structural reforms, financial engineering, protection of the peg and his outlook for gold. |
| · | Inflation Trade: Gold Lags, Silver Leads As Expected If an inflationary phase took root last week, the expected happened as silver took over leadership from gold. However, the trend in Silver/Gold is still down and until that changes some caution about an inflationary party atmosphere is warranted. |
| · | LAWRIE WILLIAMS: Chinese gold demand way up in April Indeed April 2018 gold withdrawals were comfortably higher than those in April 2015 too, but in the latter year gold withdrawals out of the SGE were particularly strong in the second half of the year and totalled almost 2,600 tonnes for the full year – around 80% of total global new mined production. |
Economic figures to monitor this week:
| Day & Date | Economic Events | |
| Monday, 7/5/2018 | Retail Sales (MoM) (Mar) (AU) | |
| Tuesday, 8/5/2018 | Fed Chair Powell Speaks (US)
JOLTs Job Openings (US) |
|
| Wednesday, 9/5/2018 | PPI (MoM) (Apr) (US)
Crude Oil Inventories (US) |
|
| Thursday, 10/5/2018 | Manufacturing Production (MoM) (UK)
BoE Inflation Report (UK) BoE Interest Rate Decision (May) (UK) Core CPI (MoM) (Apr) |
|
| Friday, 11/5/2018 | ECB President Draghi Speaks (EUR) |
TECHNICAL ANALYSIS.
| Current Market mode*: Cyclical (as defined by daily ADX) | ||
| Weekly Short Term Outlook: Downward Bias (as defined by weekly CCI Indicators) | ||
 |
Short term cyclical indicators show a downward bias for the week as CCI (3) and (9) are hovering below the -100 level. | |
| Long term trend: Up (as defined by yearly Moving Averages) | ||
 |
The nearest support level is now at USD1297 (13 period EMA) as gold prices continue to rise. | |
| NOTE: | In Non Trending Mode markets (aka range trading markets), CCI directional Indicators have statistically demonstrated a higher correlation to market direction. Additionally, we overlay the CCIs in a format that further reveals market cyclical structure and thus enhances market analysis. | |
COMMITMENT OF TRADERS REPORT (ANALYSIS)
Reportable positions as of 01 May 2018,
| Commitment of Traders Report | |||||||||
| Commercial | Non Commercial | ||||||||
| Producer/Merchant
/Processor/User |
Swap Dealers | Managed
Money |
Other
Reportables |
Non
Reportable Positions |
|||||
| Long | Short | Long | Short | Long | Short | Long | Short | Long | Short |
| 54,547 | 201,900 | 124,542 | 107,539 | 128,474 | 76,489 | 74,827 | 23,444 | 58,266 | 31,283 |
| Changes in commitments from 24 April 2018, | |||||||||
| -1,755 | -16,211 | 574 | -22,427 | -29,503 | 32,875 | 3,609 | -20,223 | 2,596 | 1,507 |
OUR TAKE:
Commercials increase their long positions by 54,547 contracts during the period of 24 April 2018 to 1 May 2018, while also increasing their short positions by 201,900 contracts during the same period.
(Focus is only on the Producer/Merchant/Processor/User as they are hedgers and Gold producers. Non-Commercials refer to CTAs and fund managers who trade (speculate) professionally. Commercial hedgers usually hold an edge over the speculators in the long run due to their “stronger hand” advantage and are usually reliable indicators of trend changes)
Call us at 6222 9703 or email at bullioninsights@goldsilvercentral.com.sg to discuss with us how to further interpret the data.
In this article, World Platinum Investment Council explores the theme of Platinum’s Correlation to Gold and what this suggests for Platinum Investors.
Platinum is a precious metal that is also industrial. As an investment asset, platinum’s value is influenced by its supply demand fundamentals and also the macro trends that affect precious metals. More investors are considering platinum’s macro responses when looking for an alternative to equities; this could increase platinum investment demand.
Market view: Gold is acknowledged as the investment asset least correlated with other investment classes. It’s called a currency more often than a commodity but yet it is included in many commodity indices.
Our view: Platinum remains in lockstep with gold and consequently offers similar benefits. The sustained high correlation between the price of platinum and the price of gold since 2011 suggests that platinum offers investors an alternative investment that is ‘as good as gold’.
Many investors looking for asset classes largely to diversify risk, consider commodities or gold. Gold is included in many portfolios as a hedge against macro events, global risk, interest rates, inflation, etc., and is reliably traded on macro trends — more particularly those that directly impact the US dollar.
Platinum offers similar qualities. When (or ‘if’ as critics suggest) platinum shrugs off the negative sentiment that currently overwhelms its supply demand fundamentals, this diversifier also offers interesting upside, in our view, but remains ‘as good as gold’ until then.
To read the full article, please click here.
Dear customers, please take note that our retail shop will be closed this Saturday (24 Mar 18). The whole team will be at the Singapore International Coin Fair 2018 (Booth R31 and R32)! See you there!
WE ARE BACK FOR SINGAPORE INTERNATIONAL COIN FAIR 2018!
Yes, we are back for our annual participation in the Singapore International Coin Fair 2018 from 23 March 2018 (Friday) to 25 March 2018 (Sunday) at Sands Expo & Convention Centre, Hall A, Level 1 at Marina Bay Sands, Singapore!
Admission is free for all!
Opening Hours of Event:
23 March 2018 (Friday) – 10:30am to 06:00pm
24 March 2018 (Saturday) – 10:00am to 06:30pm
25 March 2018 (Sunday) – 10:00am to 05:00pm
This year, we will be showcasing GSC Numismatics and Austrian Mint for the coin fair and we will be at Booth R31 and R32
Expect extremely rare gold and silver pieces of history with our GSC Numismatics Division where we have Pre-1933 US Gold and Silver Coins sold individually or as Packages (Starter to Intermediate Level).
Not sure where to start your Numismatics Journey? Our GSC Numismatics Specialists will be present during the event to answer any pressing questions you have and more than happy to take you on your first foray into the hobby of kings. Our Pre-1933 Silver and Gold Coins include Slabbed and BU Peace Silver Dollars, Morgan Silver Dollars, $20 St Gauden Gold Coins, $10 Liberty Head Gold Coins and more at attractive prices just for the coin fair!
For the first time in Asia, GSC is honoured to feature Austrian Mint’s Kissed Awake Gold and Silver Jewellery Collection during this coin fair exclusively! These exquisite Gold and Silver Jewellery Pieces will be showcased for the first time in Asia and are for sale at our booth!
On top of the Kissed Awake Jewellery Collection, we will be bringing in your usual favourites from Austrian Mint such as the Guardian Angel Silver Coin Collectibles, Austrian Mint Bullion Bars and Coins, Wildife in our Sights Gold Coin Collectibles and more!
Last but not least, our standard Bullion Promotions for our China Pandas, Lunar Coin Series and more.
To get first dips and previews of our Coin Fair Promotions and to register your interest for Austrian Mint’s Kissed Awake Jewellery Collection, opt into our newsletter now:
Stay Tune for more updates from us!
Merry, Merry Christmas and a Happy New Year to you!
We will be closed on the following dates for the Holiday Period:
23/12/17 (Saturday) to 25/12/17 (Monday)
Business as usual from 26/12/17 (Tuesday) to 29/12/17 (Friday)
30/12/17 (Saturday) to 01/01/18 (Monday)
Business as usual from 02/01/18 (Tuesday) onwards
–
Merry Christmas and Happy Holidays!
Here are some directions to our office when you walk over from Nankin Row!
We will start with the iconic 3-man statue
Walk towards the direction of Ya Kun/Sushi Tei and you will pass by the construction site for an upcoming hotel on your right.
On your left, you will pass by cafes and restaurants such as GentleBros and Aglio Olio.
You will then pass by (defunc) Wall Street Cafe on your left with an underpass. A header “Nankin Row” will be there a point of reference.
Walk through the underpass and see a huge number 15 on your right (this is staircase 15). Continue walking straight and you will pass by a outdoor bench area on your right.
Keep walking straight
You will see Great Eastern Centre in front of you. At this point, turn to your right and see a skincare company on your right. We are just a few shops away! Walk straight from here.
You will pass by L’erbolario which retails Natural Italian Beauty Products.
Walk straight ahead and you will see our GoldSilver Central Banner.
and you have reached our showroom!
Still can’t get here? Give us at call at +65 62229703!
We’ll be happy to guide you here personally.
*Disclaimer: companies featured here are personal opinions of the team. This is not a sponsored ad*
It’s the time of the year again!
Our 2018 silver, gold and platinum bars and coins will be coming in soon in batches in the next few months and you can indicate your interest by clicking on the button below:
Here are the products indicated in the form (we will be updating more items into the form as we get news of it):
Item: 2018 Australian Lunar Dog Silver Coin
Denomination: 1kg, 10oz, 5oz, 2oz, 1oz, 1/2oz
Item: 2018 Australian Lunar Dog Gold Coin
Denomination: 2oz, 1oz
Item: 2018 Australian Koala Silver Coin
Denomination: 1kg, 10oz, 1oz
Item: 2018 Australian Kookaburra Silver Coin
Denomination: 1kg, 10oz, 1oz
It’s official! We are closed just for this Saturday (16 September 2017) as we are moving to our new office.
Please note that we will NO LONGER BE located at 18 Cross Street #01-24 China Square Central from Monday (18 September 2017) onwards and our NEW ADDRESS is 03 Pickering Street #01-15/16 Nankin Row Singapore 048660.
For more information on our new office, please click here.
The answer is yes.
And not only just Gold; Silver, Platinum and Palladium bullion are safe haven assets as well. During turbulent times such as rising geopolitical tensions in key countries, investors are inclined to seek these metals for their financial portfolio.
Recently, a paper done by Dr. Brian Lucey and Dr. Sile Li from the Trinity Business School was published and examined the following topic: “Reassessing the Role of Precious Metals as Safe Havens – What Color is Your Haven and Why?”. The results?
This article extends previous literature and examines time varying safe haven properties versus equities and bonds of four precious metals (gold, silver, platinum and palladium) across eleven countries. Results suggest that the metals each play safe haven roles; there are times when one metal is not while another may be a safe haven against an asset.”
In sum, precious metals provided protection at different times across countries. No precious metal provides safe haven status consistently, over time or across asset classes. Strong safe haven status is rare. (Li, Sile and Lucey, Brian M. 2017)
To read the full article, please click here.
Li, Sile and Lucey, Brian M., Reassessing the Role of Precious Metals as Safe Havens – What Colour is Your Haven and Why? (February 8, 2017). Available at SSRN: https://ssrn.com/abstract=2906707 or http://dx.doi.org/10.2139/ssrn.2906707
Preview of full Precious Metals Bullion Insights Report
To receive the full report of our Precious Metals Bullion Insights on the first working day of each week, please subscribe here:
(We promise there will be no spam but informative insights from our in-house technical analyst team!)
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PRECIOUS METALS MARKET REVIEW.
| Weekly Spot Price (14 August – 18 August 2017) | ||||
| Open | High | Low | Close | |
| Gold | 1289.85 | 1300.61 | 1267.06 | 1284.1 |
| Silver | 17.07 | 17.27 | 16.53 | 16.93 |
| Platinum | 984.08 | 987.81 | 950.43 | 976.58 |
Precious Metals News Updates:
| · | Gold trades little changed as investors focus on geopolitics, central bank meet. Gold prices were little changed on Monday as investors sought further direction after a week of geopolitical uncertainty in the United States and Europe and ahead of a meeting of central bankers later this week. | ||
| · | All that glitters is profit in China’s gold mines as demand for safe haven boost precious metal sales. Hedging demand triggered by political uncertainty became the main driver of the periodical increases in gold price. | ||
Economic figures to monitor this week:
| Day & Date | Economic Events |
| Wednesday, 23 August 2017 | ECB President Draghi Speaks
New Home Sales (Jul) (US) Crude Oil Inventories |
| Thursday, 24 August 2017 | GDP (QoQ) (Q2) (UK)
Existing Home Sales (Jul) (US) |
| Friday, 25 August 2017 | Core Durable Goods Orders (MoM) (Jul) (US)
Fed Chair Yellen Speaks |
TECHNICAL ANALYSIS.
| Current Market mode*: Trending Up (as defined by daily ADX) | |||
| Weekly Short Term Outlook: Up (as defined by weekly CCI Indicators) | |||
 |
Short term cyclical indicators show an upward bias for the week as CCI (3) and CCI (9) continues to hover around the 100 level. | ||
| Long term trend: Up (as defined by yearly Moving Averages) | |||
 |
The nearest support level is now at USD1082 (13 period EMA) as gold prices continue to rise. | ||
NOTE:
In Non-Trending Mode markets (aka range trading markets), CCI directional Indicators have statistically demonstrated a higher correlation to market direction. Additionally, we overlay the CCIs in a format that further reveals the market cyclical structure and thus enhances market analysis.
COMMITMENT OF TRADERS REPORT (ANALYSIS)
Reportable positions as of 15/8/2017,
| Commitment of Traders Report | |||||||||
| Commercial | Non Commercial | ||||||||
|
Producer/Merchant /Processor/User |
Swap Dealers | Managed
Money |
Other
Reportables |
Non Reportable Positions |
|||||
| Long | Short | Long | Short | Long | Short | Long | Short | Long | Short |
| 32,943 | 191,174 | 71,922 | 114,046 | 196,453 | 16,916 | 80,313 | 68,019 | 44,294 | 35,769 |
| Changes in commitments from 8/8/2017 | |||||||||
| -424 | +13,652 | -2,380 | +23,283 | +29,385 | -11,586 | +3,188 | +2,170 | -23 | +2,227 |
OUR TAKE:
Commercials continued to decrease their long positions while increasing their shorts positions by -424 contracts and 13,652 contracts respectively during the period of 8/8/2017 to 15/8/2017. Gold rallied 2% to reach the 1290 level, a level last seen in June. This is the first time in 4 weeks that Commercials increased their shorts position significantly. The last time this happened, Gold rallied as well.
(Focus is only on the Producer/Merchant/Processor/User as they are hedgers and Gold producers. Non Commercials refer to CTAs and fund managers who trade (speculate) professionally. Commercial hedgers usually hold an edge over the speculators in the long run due to their “stronger hand” advantage and are usually reliable indicators of trend changes)
Call us at 6222 9703 or email at bullioninsights@goldsilvercentral.com.sg to discuss with us how to further interpret the data.
Extracted from World Platinum Investment Council:
An overview of the report:
This article tackles investors’ concern on the negative impact that powertrain electrification would have on platinum demand. Recently, an announcement was made for the Ultra Low Emission Zone in London. This is a plan set to ban sales of new diesel and petrol cars by 2040 to reduce air pollution.
Excerpt from Platinum Perspectives July 2017:
We believe the market is overestimating the negative impact of powertrain electrification (moving to EVs) on platinum demand. We explain why EVs represent only a limited risk to platinum demand (even excluding potential demand upside from Fuel Cell Electric Vehicles, or FCEVs).
Market assumption:EVs don’t contain platinum. Some market participants confuse EVs and Battery Electric Vehicles (BEVs). For example, Volvo’s announcement that it would be producing only ‘electric’ cars post 2019 was significantly misinterpreted by many press sources.
Our view: In fact; Volvo committed to producing only cars that have an electric motor. This will include five new BEVs, the balance being hybrids, which can have gasoline or diesel internal combustion engines, and require platinum group metals (PGMs). Given mild hybrids are expected to gain significant market share, it is likely that most of Volvo’s cars will contain PGMs, post 2019 and in the foreseeable years to come. Different types of EVs have significantly different effects on platinum demand.
Conclusion – most EVs contain PGMs. “Electrification” (e.g. as defined by Volvo) may not have a negative effect on platinum demand. Diesel share is more important; our June 2017 Platinum Perspectives explains why we believe diesel share may be higher for longer.
Full credits to World Platinum Investment Council for the Platinum Perspective July 2017 Report.
We are thrilled to announce that GoldSilver Central will be moving to a new retail-office location at 03 Pickering Street #01-15/16 Nankin Row Singapore 048660 in early September 2017.
*Update*: Our moving day is on 16 September 2017 and the office will be closed on Saturday.
For the past 5 years, our old office in China Square Central has served us extremely well. It supported us through our first tradeshow, the expansion of our team and many, many more milestones.
But, we have to keep up with the growing needs of our team and our customers – which mainly led us to the decision of relocating. We know we want to serve you better.
LOCATION FIGURE 1 & 2
GoldSilver Central’s new physical location features a retail storefront for our physical Gold, Silver and Platinum coins and bars collection. In addition, we will be displaying products from our latest venture: GSC Numismatics.
We are not far away from our old office, just a 5 minutes walk down China Street!
Directions to GSC NEW OFFICE from China Square Central
- Exit CHINA SQUARE CENTRAL from the TAXI STAND and walk towards the roundabout drop off point (it will be on your left).
- Turn left passing by the roundabout drop off point and walk to the shophouses. You should pass by the basement carpark entrance. CLUB MEATBALL will be right in front (shophouse at the corner).
- Walk onto CHINA STREET. Walk all the way straight – You will pass by SUSHI TEI (on your left), YA KUN (opposite) and 7-ELEVEN (on your left).
- At the corner of the shophouses before GREAT EASTERN BUILDING, turn Left. (Carpark Entrance will be on your right)
- You have reached our new office!
Our new address is 03 Pickering Street #01-15/16 Nankin Row Singapore 048660.
Extracted from World Platinum Investment:
Platinum Quarterly is commissioned by the World Platinum Investment Council and based upon independent research and analysis conducted by SFA (Oxford). It is our intention to publish similar commentary every quarter ensuring greater transparency of the global platinum market and the delivery of regular data to investors.
The next Platinum Quarterly will be published on 6th September 2017.
This eleventh edition of the Platinum Quarterly, published on 15th May 2017, includes Q1 2017 analysis of platinum supply and demand fundamentals. It also gives a view of the global above ground stocks of platinum and an outlook for market fundamentals for 2017.
An overview of this report
This report incorporates analysis of platinum supply and demand during the first quarter of 2017, during which time total mine supply hit 1,330 koz, down 6.3% year-on-year and the lowest since Q3 2014.
- Today’s report shows that overall platinum supply is projected to fall by 2% year-on-year to 7,330 koz in 2017, with both primary and secondary supply expected to decline.
- Recycling is projected to fall by 6% year-on-year to 1,760 koz in 2017. Secondary supply from jewellery recycling is projected to decline by 20% year- on-year with recycling trends normalising following unusually large stock flows in China last year.
- Automotive demand for 2016 and 2017 is revised upward by 45 koz. The revisions reflect higher than expected global vehicle sales with increased loadings, while greater scrutiny of emissions is also believed to be limiting moves to thrift platinum loadings.
- Global platinum ETF holdings grew by 65 koz in the first quarter, with increases observed across most regions. ETF assets in the quarter were at their highest level since the fourth quarter of 2015. Bar and coin demand during the first three months of 2017 was supported by the minting of 20,000 one- ounce US American Eagle bullion coins in January, all of which were sold in just three days. Overall platinum investment demand is now projected to be 250 koz this year.
- Global platinum jewellery demand for the quarter increased 3% year-on-year, buoyed by increased Chinese retail sales during the quarter. However, global jewellery demand for 2017 is forecast to slip 1% from 2016, with anticipated declines in China and Japan outweighing gains in India and other regions.
- The platinum market is expected to be broadly balanced over the year, with a deficit of 65 koz in 2017 predicted. Above Ground Stocks are expected to end the year at 1,885 koz, a 3% fall on 2016, but more than 54% down from 2012.
PRECIOUS METALS MARKET REVIEW.
| Weekly Spot Price (19 June – 23 June 2017) | ||||
| Open | High | Low | Close | |
| Gold | 1253.62 | 1258.69 | 1240.65 | 1255.47 |
| Silver | 16.63 | 16.75 | 16.31 | 16.59 |
| Platinum | 926.15 | 933.83 | 915.9 | 926.43 |
| · | Gold Prices Weekly Forecast: Narrow Ranges Likely, Selling Interest On Rallies. Several US economic data release this week may suggest a decisive impact on sentiments surrounding the US economy, the Federal Reserve policy and Gold Prices. | ||
| · | Gold Plunges After 1.8 Million Ounces Were Traded in One Minute. Bullion sank at 9 a.m. in London on Monday after a huge spike in volume in New York futures that traders said may have been the result of a “fat finger,” or erroneous order. Trading jumped to 1.8 million ounces of gold in just a minute, an amount that’s bigger than the gold reserves of Finland. | ||
| · | Gold Miners (GDX) Setting Up For A Big Move Soon. Gold and especially gold mining stocks rebounded on Wednesday and trended higher into the weekend. This is giving some investors renewed hopes that the bull market that began roughly 18 months ago is about to reassert itself. | ||
| · | Economic figures to monitor this week: | ||
| Day & Date | Economic Events | ||
| Tuesday, 27 June 2017 | BoE Financial Stability Report (UK)
CB Consumer Confidence (Jun) |
||
| Wednesday, 28 June 2017 | Fed Chair Yellen Speaks (US)
Pending Home Sales (MoM) (May) (US) Crude Oil Inventories (US) |
||
| Thursday, 29 June 2017 | GDP (QoQ) (Q1) (US) | ||
| Friday, 30 June 2017 | Manufacturing PMI (Jun) (CHN)
GDP (QoQ) (Q1) (UK) |
||
Interested in our full free weekly Technical Analysis Report for Precious Metals?
Sign up here:
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PRECIOUS METALS MARKET REVIEW.
| Weekly Spot Price (5 June – 9 June 2017) | ||||
| Open | High | Low | Close | |
| Gold | 1279.66 | 1295.9 | 1264.38 | 1265.55 |
| Silver | 17.5 | 17.7 | 17.11 | 17.11 |
| Platinum | 952.84 | 967.18 | 933.86 | 935.5 |
Precious metals updates…
| · | Gold edges up on weaker stocks, dollar ahead of Fed meeting. Gold inched up on Monday as Asian stocks fell and the dollar eased ahead of a U.S. Federal Reserve policy meeting that could give clues on the pace of interest rate hikes over the rest of the year. | ||
| · | SHARPS PIXLEY Sees A 252 pct Increase In Physical Gold Demand. The elections leading to a hung parliament in the UK have seen a rush into physical gold by investors, as the country slips into a political vacuum. The uncertainty both in the UK and indeed geopolitical concerns across the globe have fed into firmer gold prices which have risen 11 pct so far in 2017 in international markets. | ||
| · | Economic figures to monitor this week: | ||
| Day & Date | Economic Events | ||
| Tuesday, 13 June 2017 | CPI (YoY) (May) (UK) PPI (MoM) (May) (US) |
||
| Wednesday, 14 June 2017 | Industrial Production (YoY) (May) (CHN) Claimant Count Change (May) (UK) Core CPI (MoM) (May) (US) Core Retail Sales (MoM) (May) (US) Crude Oil Inventories (US) |
||
| Thursday, 15 June 2017 | Fed Interest Rate Decision (US) BoE Interest Rate Decision (Jun) (UK) |
||
| Friday, 16 June 2017 | BoJ Monetary Policy Statement (YoY) (JPN) BoJ Interest Rate Decision (JPN) CPI (YoY) (May) (EUR) Building Permits (May) (US) |
||
Interested in our full free weekly Technical Analysis Report for Precious Metals?
Sign up here:
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After 5 years since we launched our Ecommerce website, we are extremely pleased to present our newly revamped website, designed and adapted to a more modern feel and more importantly, a clearer picture of our full range of products and services that we provide to you.
Do let us know how you feel about the new website by submitting your feedback via our contact us page!
2017 looks to be marked by uncertainty as what we’ve come to know as the “new normal” gets disrupted again. At a time when people are losing faith in political systems, precious metals now have a chance to play their unique role as safe haven investments. For those who observe cycles, the timing couldn’t be better as gold, having peaked around $1,920/oz in 2011, looks set to swing out of the low of $1,045/oz seen in 2015.
Through this time, we at GoldSilver Central have seen steady, robust demand for physical bars and coins in gold, silver and platinum. Singapore has a pro-business environment stemming from pragmatic regulation and close collaboration between government and industry. Operating out of such an economically sound and financially stable jurisdiction allows us to focus on creating the best products to meet all your precious metals investing needs. As the premier precious metals hub in Asia, the appetite for buying physical gold, silver and platinum from Singapore and the demand for storage of these products remains strong.
GSC Live!
GSC Live!, the world’s first (and probably still the only) spot physical deliverable precious metals product was launched in July 2016 on the popular MetaTrader4 (MT4) platform. You can now instantly buy and sell physical precious metals at real-time spot prices whenever you want with fully deliverable gold, silver and platinum contracts on GSC Live!. The MT4 platform also lets you buy into or sell out of your precious metals holdings. Our customers who have been seeking transparent, live streaming physical precious metals prices have been delighted by the straight-through processing capabilities and neutral real-time pricing of GSC Live!. Take charge of your gold, silver and platinum holdings and investments because where technology meets precious metals investing, the possibilities are endless.
After the success of GSC Live!, GoldSilver Central is excited to introduce its latest product offering – GoldSilver Central’s Savings Accumulation Program.
GSC Savings Accumulation Program
Grow your savings through physical Gold, Silver and Platinum
As the name suggests, this is a savings and accumulation product that allows you to acquire physical gold, silver and/or platinum in a gradual, cost-efficient manner. The use of dollar cost averaging allows you to buy precious metals at regular intervals at a fixed amount in dollars, regardless of the current price of gold, silver and/or platinum. Everything is automated and at the end of the savings cycle, the coins or bars that have been accumulated are yours to keep. Why stop at coins and bars? Going forward, we’ll add gold jewellery and other gold items to the product mix for you to take home or even to wear.
Hi customers! We would just like to highlight a very important point for all physical Gold, Silver and Platinum investors. Recently there were cases of counterfeit/fake gold bars in Singapore, and we came across this article which featured a “Real 24K Gold Plated CREDIT SUISSE Layered Bullion Gold Bar” for sale.
Here, for comparison, we have taken raw unedited photos of our Credit Suisse Gold Bar for your reference. Immediately, one can notice that the font type for the serial number is different between the 2 bars.
As always, please purchase your physical precious metals from an authorized distributor to avoid being a victim of fake metal deals.
Published: 17 February 2017
- GoldSilver Central today announced GSC Savings Accumulation Program (“GSAP”) for physical Gold, Silver and Platinum in Singapore, which taps into the power of the dollar-cost averaging. This development enables investors to diversify into precious metals from as little as SGD 100 per month in regular instalments to their account with GoldSilver Central. With the automatic dollar-cost averaging system, investors can now reduce their risk when participating in the volatile Precious Metals market. For enhanced convenience, investors can have recurring monthly transfers via Fast and Secured Transfers (FAST), cheque or Standing Instructions via GIRO to their GSAP accounts. This program, also commonly known as the “Gold Accumulation Plan” worldwide, existed in Japan since the 1980s and most recently, was made available in China by the Industrial and Commercial Bank of China (ICBC).
- “In line with our vision to make Precious Metals accessible for investors, and keeping in mind the busy schedules of many investors, GSC Savings Accumulation Program is an automatic and easy way of investing in Precious Metals without the worry of timing the markets. Based on data provided by World Gold Council, two-thirds of global gold demand in 2015 was from Asia. Hence, we believe with GSAP, more Asian retail investors will include Precious Metals in their investment portfolio and this program will be a success like how it has been in China and Japan.” said Brian Lan, Managing Director of GoldSilver Central.
- While there are many ways to start investing in precious metals in Singapore, GSAP caters for all retail investors who have the goal of accumulating physical precious metals on a daily basis for a flexible period of time. Investors have the choice to take physical delivery of their metal holdings upon reaching their desired troy ounces or grams. A wide range of physical Gold, Silver or Platinum bullion is available for investors to select and take home from GoldSilver Central. Automatically, account owners will purchase more grams of their desired physical precious metals when prices are lower, and fewer grams when prices are higher. Prices used by the savings accumulation program is based on the GSC 10AM Reference Price which is transparent and readily available to investors.
- GSC Savings Accumulation Program is designed with investors’ interest at heart. This explains the wide range of demographics that this program caters to such as young parents planning for their children’s education and future, young couples planning to save up for betrothal jewelry for their marriage or for seniors planning their retirement.
- “Dollar averaging on daily basis via Precious Metals Accumulation Program is always the most efficient and effective way for retail investors to gain access to physical precious metals. I am happy that GSC is offering this to investors and I am sure it will soon become the most sought after retail precious metals saving products in Singapore and the region judging from my experience in Japan and China” said Albert Cheng, Chief Executive Officer of the Singapore Bullion Market Association and Advisor for the World Gold Council and Shanghai Gold Exchange.
- Based on a recent report released by IE Singapore on Singapore’s position as a Global Precious Metals Trade Hub, Singapore is optimally located and positioned to receive and nurture the growing demand of Precious Metals Investment in Asia. The introduction of GSC Savings Accumulation Program will further strengthen ongoing initiatives by SBMA for the development of a Precious Metals Hub in Singapore.
To view the GSC Savings Accumulation Program Brochure, please click here or visit www.goldsilvercentral.com/GSAP.html
ENDS
For media requests, please contact:
Beata Liew
Senior Branding & Marketing Executive
GoldSilver Central Pte. Ltd.
T: (65) 6222 9703
E: beata.liew@goldsilvercentral.com.sg
About GoldSilver Central
GoldSilver Central Pte Ltd, a Singapore registered company since 2011 specialises in physical bullion trading in gold, silver and platinum at real-time pricing, industry bullion supply, bullion buying and selling, collateral loan and secured storage under GoldSilver Central’s Bullion Storage Program at the Le Freeport.
It is backed by a management team and board of directors with strong financial expertise and experience in physical bullion investments. GoldSilver Central has been awarded Authorised Distributorship for Perth Mint products and also the Authorised Dealer for the Government Guaranteed Perth Mint Certificate Program. GoldSilver Central differentiates itself from its competitors with its full suite of integrated precious metals products and bullion services with a focus on making physical bullion investment accessible and liquid to the individual, at leading competitive rates.
GoldSilver Central is a current local associate corporate member of the Singapore Bullion Market Association (SBMA), formed in 1993 to support Singapore’s goal to be a physical bullion hub in Southeast Asia.
For further information, please visit www.goldsilvercentral.com.sg
Contact email: enquiry@goldsilvercentral.com.sg | Tel : (65) 6222 9703
GoldSilver Central’s office is located at 18 Cross Street, China Square Central #01-24, Singapore 048423.
About the Singapore Bullion Market Association
The Singapore Bullion Market Association (SBMA) was formed in the early stages of Singapore as a bullion hub in 1993. Singapore’s innate attributes of neutrality, stability, excellent connectivity and reputation as an important centre of finance has long appealed to global traders in precious metals.
In 2012, with the lifting of the Goods and Services tax (GST) off Investment Precious Metals (IPM) by the Singapore government, this has since set in motion Singapore’s vision to be Asia’s global precious metal trade hub.
Today, the SBMA plays an essential role of connecting and promoting the Asian bullion market internationally. The association promotes transparency and governance in the Singapore bullion market and plays a pivotal role in market development in Singapore and beyond.
Published: 07 October 2016
- GoldSilver Central Pte Ltd (“GoldSilver Central’) announces Liquidity Provider membership with Allocated Bullion Exchange (“ABX”). This partnership allows & empowers GoldSilver Central to be a market maker for Gold, Silver and Platinum that is exclusive to Singapore investors.
- The announcement of the partnership comes shortly after GoldSilver Central’s official launch of GSC Live! The first spot deliverable, physically Backed Gold, Silver and Platinum on MetaTrader 4 in Singapore. This collaboration together with (“ABX”) positions GoldSilver Central to be a leading institution when it comes to dealing with precious metals bullion, enabling more accessibility to real-time price discovery for investors. ABX is the world’s first global institutional electronic exchange for allocated physical precious metals, which provides liquidity for investors and members. This is done via the migration of institutional trade and storage of physical precious metals into the electronic environment. This continues to leverage on Singapore’s strong and competent digital landscape, state of the arts storage facilities and strong governance.
- Commenting on the collaboration, Mr Brian Lan, Managing Director of GoldSilver Central says that “GoldSilver Central is proud to be a liquidity provider on Allocated Bullion Exchange. This is the world’s first exchange for physical precious metals and GoldSilver Central is pleased to provide liquidity for physical Gold, Silver and Platinum in Singapore. This will enable us to reach out to institutional, family offices and investors from all over the world who are looking to purchase, store or sell physical precious metals in Singapore. We believe this collaboration will assist to propel Singapore as a major hub for precious metals trading and investment, in line with Singapore’s aim to be a precious metals trading hub.”
- Mr Ryan Case, Global Head of Sales for ABX commented that “it is a great privilege to have Gold Silver Central partner with ABX as a liquidity provider and the integrity of such a partner adds significant strength to the global nature of the ABX exchange”
- Investors interested in participating on ABX’s cost-effective allocated exchange system can visit ABX’s main website at http://abx.com for more information.
ENDS
For media requests, please contact:
Beata Liew
Senior Branding & Marketing Executive
GoldSilver Central Pte. Ltd.
T: (65) 6222 9703
E: beata.liew@goldsilvercentral.com.sg
About GoldSilver Central
GoldSilver Central Pte Ltd, a Singapore registered company since 2011 specialises in physical bullion trading in gold, silver and platinum at real-time pricing, industry bullion supply, bullion buying and selling, collateral loan and secured storage under GoldSilver Central’s Bullion Storage Program at the Le Freeport.
It is backed by a management team and board of directors with strong financial expertise and experience in physical bullion investments. GoldSilver Central has been awarded Authorised Distributorship for Perth Mint products and also the Authorised Dealer for the Government Guaranteed Perth Mint Certificate Program. GoldSilver Central differentiates itself from its competitors with its full suite of integrated precious metals products and bullion services with a focus on making physical bullion investment accessible and liquid to the individual, at leading competitive rates.
GoldSilver Central is a current local associate corporate member of the Singapore Bullion Market Association (SBMA), formed in 1993 to support Singapore’s goal to be a physical bullion hub in Southeast Asia.
For further information, please visit www.goldsilvercentral.com.sg
Contact email: enquiry@goldsilvercentral.com.sg | Tel : (65) 6222 9703
GoldSilver Central’s office is located at 18 Cross Street, China Square Central #01-24, Singapore 048423.
About Allocated Bullion Exchange
Allocated Bullion Exchange (ABX) is a membership-based, institutional exchange, offering trading, storage and delivery services for physical precious metals in an electronic environment, via its state-of-the-art technological solution, the MetalDesk trading platform.
ABX offers a value proposition to market participants across the world including precious metal producers, refiners, intermediary broker-dealers, asset managers, institutional and private investors, manufacturers and jewellers.
With effect from 01 Sep 2016, there are new qualiying coins that are exempted from GST and revisions to the ‘Spot Price Criterion’ for Bars
Published: 28 July 2016
- GoldSilver Central Pte Ltd (“GoldSilver Central’) officially launches GSC Live! on the widely popular MetaTrader 4 platform, providing investors with the ability to buy and sell their precious metals holdings anytime, in SGD or USD, based on the current spot prices with narrow spreads. MetaTrader 4 is an advanced leading online trading platform that enables investors to apply charting and analytical features and strategies to their investments. This platform is easily accessed via mobile or desktop applications.
- Designed to combine the power of accessibility, liquidity and convenience of buying and selling precious metals, GSC Live! aims to enable investors to take advantage of the opportunities in the frequent fluctuations of the precious metals prices during the London and New York trading hours. GSC Live! allows trading of physical precious metals including platinum, at real-time spot prices. A preview of its powerful features will be displayed during the GSC Live! Launch on 29 July 2016 at Kaiserhaus, Capitol Theatre. Annual audits are conducted to ensure that our customers’ holdings are physically backed.
- With GSC Live!, customers are able to purchase physical precious metals at low entry levels and narrow spreads. The minimum contract size in ounces for Gold and Platinum is 1/10oz (3.11g). For silver, investors are able to buy as little as 5oz (155.51g) instead of the available “mini” contract sizes of 1000oz.
- When customers decide for physical delivery, they are given the choice of London Bullion Market Association (LBMA) Good Delivery Gold, Silver and Platinum bars and coins. For example, after a customer purchases 1oz worth of Platinum on GSC Live!, they are given the option of taking home a Valcambi 1oz.
- Commenting on GSC Live!, Mr. Brian Lan Managing Director of GoldSilver Central says: “Physical precious metals have been a traditional asset class for generations. We at GoldSilver Central strive to bring the latest innovations, liquidity and accessibility for physical precious metals. Leveraging on advanced online trading technology, MetaTrader 4 (MT4) is our platform of choice as it combines the power of its advanced trading features and analytical capabilities and has been proven by use from active traders all over the world. Now, investors can trade physical precious metals from their smartphones or laptops on the GO. Precious metals will always remain as an important part of an investor’s investment portfolio. We hope that now with GSC Live!, more investors can have increased profitability when managing their precious metals investment portfolio especially in today’s uncertain economy.”
- Commenting on the announcement of GSC Live!, Albert Cheng, Chief Executive Officer of SBMA said: “It excites me to see our home-grown bullion dealer, GoldSilver Central introduce such an innovative platform that changes how precious metals is traditionally being traded. GSC Live!, with its 24 hours, 5 days a week live prices makes bullion trading easier and more convenient. This will assist to propel Singapore’s prominence as a major hub for precious metals trading and investment, in line with our vision for SBMA.”
ENDS
For media requests, please contact:
Beata Liew
Senior Branding & Marketing Executive
GoldSilver Central Pte. Ltd.
T: (65) 6222 9703
E: beata.liew@goldsilvercentral.com.sg
About GoldSilver Central
GoldSilver Central Pte Ltd, a Singapore registered company since 2011 specialises in physical bullion trading in gold, silver and platinum at real-time pricing, industry bullion supply, bullion buying and selling, collateral loan and secured storage under GoldSilver Central’s Bullion Storage Program at the Le Freeport.
It is backed by a management team and board of directors with strong financial expertise and experience in physical bullion investments. GoldSilver Central has been awarded Authorised Distributorship for Perth Mint products and also the Authorised Dealer for the Government Guaranteed Perth Mint Certificate Program. GoldSilver Central differentiates itself from its competitors with its full suite of integrated precious metals products and bullion services with a focus on making physical bullion investment accessible and liquid to the individual, at leading competitive rates.
GoldSilver Central is a current local associate corporate member of the Singapore Bullion Market Association (SBMA), formed in 1993 to support Singapore’s goal to be a physical bullion hub in Southeast Asia.
For further information, please visit www.goldsilvercentral.com.sg
Contact email: enquiry@goldsilvercentral.com.sg | Tel : (65) 6222 9703
GoldSilver Central’s office is located at 18 Cross Street, China Square Central #01-24, Singapore 048423.
About the Singapore Bullion Market Association
The Singapore Bullion Market Association (SBMA) was formed in the early stages of Singapore as a bullion hub in 1993. Singapore’s innate attributes of neutrality, stability, excellent connectivity and reputation as an important centre of finance has long appealed to global traders in precious metals.
In 2012, with the lifting of the Goods and Services tax (GST) off Investment Precious Metals (IPM) by the Singapore government, this has since set in motion Singapore’s vision to be Asia’s global precious metal trade hub.
Today, the SBMA plays an essential role of connecting and promoting the Asian bullion market internationally. The association promotes transparency and governance in the Singapore bullion market and plays a pivotal role in market development in Singapore and beyond.
Published: 01 April 2016
- GoldSilver Central Pte Ltd (“GoldSilver Central’), a Singapore home-grown precious metals bullion dealer, announces partnerships with three of the world’s leading mints – Perth Mint, Chengdu TianXinYang Gold Industry, and Austrian Mint – to enhance the accessibility and widen the range of precious metals investment to public investors.
- The partnerships, inked one week following GoldSilver Central’s induction as an associate corporate member of the Singapore Bullion Market Association (SBMA), are part of the company’s rigorous growth blueprint.
- Brian Lan, Managing Director of GoldSilver Central said, “Our growth blueprint looks into creating a more vibrant bullion market and enriching Singapore’s vision as a precious metals trading hub. Having established our foothold as a trusted bullion dealer, the next step forward is to help our investors seize more opportunities through better understanding and diversification of their investment portfolio to include precious metals.”
THREE STRATEGIC PARTNERSHIPS
- Perth Mint launches its depository online program globally in partnership with GoldSilver Central. The program avails investors with a secure trading platform that facilitates better reaction and connectivity to live pricing of precious metals day and night, 7-days a week. Through this partnership, GoldSilver Central provides investors with the confidence to tap on more innovative bullion storage options, as Perth Mint’s Depository Program is the only Government-Guaranteed storage program in the world.
- Chengdu TianXinYang Gold Industry Co. Limited (TianXinYang), a London Bullion Market Association (LBMA) accredited bullion trading company, appoints GoldSilver Central as the first authorised distributor of its investment bullion products in South East Asia. It is also the sole distributor for TianXinYang’s “GUI” (贵) Certicard range of gold bars in Asia (excluding China, India and Thailand). This significant partnership is TianXinYang’s venture to internationalise its reach beyond the domestic market of China. It affords investors outside China greater access to a wider range of highly sought-after Chinese bullion products, which generally command a higher premium in the market.GoldSilver Central is the sole distributor for Tian Xin Yang’s “贵” hallmark Certicard gold bar in Asia (except China, India and Thailand).
- Austrian Mint makes its platinum bullion debut in Asia with the launch of a new Vienna Philharmonic platinum coin through GoldSilver Central. A move supported by the World Platinum Investment Council, this launch aims to increase platinum investment opportunities in Asia. Produced from 999.5 pure platinum, the coin marks Austrian Mint’s first platinum offering in its 800-year history and features the award-winning design by Austrian Mint head designer Thomas Pesendorfer. Austrian Mint’s Vienna Philharmonic coin is one of the world’s most popular bullion coins. This platinum coin will initially be available in 1 ounce denominations.
- In response to these partnerships, Gina Lim, Group Director, Trade Services & Policy, from International Enterprise Singapore (IE Singapore), said, “Since the lifting of GST on investment grade precious metals in 2012, we have witnessed the entry of many players into Singapore’s bullion market, including traders, storage providers and a world class refinery, Metalor. The SBMA has also grown its membership base as a result. IE Singapore is delighted to support GoldSilver Central’s efforts in promoting precious metals from Singapore and introducing technological innovations for merchants and consumers to easily gain exposure to these instruments.”
ONGOING PROGRAMS AND PIPELINE INTIATIVES
- GoldSilver Central constantly works on delivering valuable programs such as today’s panel discussion, which featured prominent industry leaders sharing their insights to empower investors. A new GoldSilver Central online trading platform is also slated for launch in June 2016. This platform allows trading of physical precious metals including platinum, at real-time spot prices. A preview of its powerful features will be displayed at GoldSilver Central public tradeshow on 2 April 2016 at Marina Bay Convention Centre.
- “GoldSilver Central has grown extensively in less than 5 years. We saw them increasing their investment products and services through development of a robust online retail platform, taking on agency for the Perth Mint Certificate Program (PCMP), and representing the Austrian Mint and TianXinYang. These are amazing achievements. This year, I am happy to see them carrying more branded investment grade products in gold, silver and platinum. This contributes as a building block in SBMA’s focus to make Singapore’s precious metals market more accessible to the public investors,” said Albert Cheng, Chief Executive Officer of SBMA.
- Investors in both the business and retail sectors can expect more initiatives from GoldSilver Central as it continues its growth as the premier one-stop solution for investments in relation to physical precious metals.
ENDS
For media requests, please contact:
Piya Chee
T: (65) 6692 8027
E: piya.chee@mavenpotter.com
Louis Ng
T: (65) 6692 8027
E: louis.ng@mavenpotter.com
Beata Liew
Senior Branding & Marketing Executive
GoldSilver Central Pte. Ltd.
T: (65) 6222 9703
E: beata.liew@goldsilvercentral.com.sg
Media interviews with our partners and speakers at the panel discussion can be arranged.
About GoldSilver Central
GoldSilver Central Pte Ltd, a Singapore registered company since 2011 specialises in physical bullion trading in gold and silver at real-time pricing, industry bullion supply, bullion buying and selling, and secured storage under GoldSilver Central’s Bullion Storage Program at the Singapore Freeport. It is backed by a management team and board of directors with strong financial expertise and experience in physical bullion investments.
GoldSilver Central has been awarded Authorised Distributorship for Perth Mint products and as the Authorised Dealer for the Perth Mint Certificate Program. GoldSilver Central differentiates itself from its competitors with its strategy to focus on making physical bullion investment accessible and flexible to the individual, at market-competitive rates. For further information, please visit www.goldsilvercentral.com.sg. GoldSilver Central’s office is located at 18 Cross Street, China Square Central #01-24, Singapore 048423.
OUR PARTNERS
About the Perth Mint
Located in Perth, Australia, The Perth Mint is a leading precious metals refining, minting and value adding enterprise, providing high quality precious metal products and services to markets throughout the world. Operating with core values of excellence, ethics and equity, and underpinned by an uncompromising focus on cost efficiency,
The Perth Mint manages Australia’s only internationally multi-accredited gold and silver refinery and offers the world’s sole government guaranteed precious metals investment and storage program. The Perth Mint also exports some $18b of pure gold, silver and platinum bullion bars and coins to investors in more than 100 countries each year and issues an array of official commemorative coins which showcase Australia’s icons to the world. Still operating in its original premises, founded in 1899, The Perth Mint is also a premier tourist destination and home to the largest coin in the world – the Australian Kangaroo One Tonne Gold Coin.
For more information, please visit www.perthmint.com.au.
About Chengdu TianXinYang Gold Industry / TXY (Singapore)
Chengdu TianXinYang Gold Industry Co. Ltd., through its wholly-owned subsidiary, Sichuan Tianze Precious Metals Co. Ltd., is the manufacturer of the bullion products with the “贵” brand. We are an accreditated member of the London Bullion Market Association, the Shanghai Gold Exchange and the Singapore Bullion Market Association.
Our subsidiaries, TXY (Singapore) Private Limited and Hong Kong TianXinYang Limited, are strategically positioned in important geographical locations offering differentiated services for the emerging markets of China, India, South East Asia and Australia.
About Austrian Mint
Boasting over 800 years of experience, the Austrian Mint is renowned in the world for its first-class precious metal processing and coin manufacture. A member of the international minting elite, it is a global player in this field. Without such a pedigree, the Vienna Philharmonic would never have become Europe’s most sought after bullion coin.
The Austrian Mint’s flagship product is the Vienna Philharmonic bullion coin. Produced in five different sizes, from one ounce to 1/25 of an ounce, the Vienna Philharmonic fits every pocket and occasion. Investors, collectors and gift-givers all value the unique combination of its beautiful design and highest possible minting quality, which make it one of the world’s best-loved and best-selling bullion coins.
Since it was first struck in 1989, on one side the coin’s award-winning design has featured a harmonious assortment of musical instruments from the world-famous orchestra.
SUPPORTING ORGANIZATIONS
About the World Platinum Investment Council
The World Platinum Investment Council Ltd. (WPIC) is a global market authority on physical platinum investment, formed to meet the growing investor demand for objective and reliable platinum market intelligence. WPIC’s mission is to stimulate global investor demand for physical platinum through both actionable insights and targeted product development.
WPIC was created in 2014 by the six leading platinum producers in South Africa: Anglo American Platinum Ltd, Aquarius Platinum Ltd, Impala Platinum Ltd, Lonmin plc, Northam Platinum Ltd and Royal Bafokeng Platinum Ltd.
About IE Singapore
International Enterprise (IE) Singapore is the government agency driving Singapore’s external economy. We spearhead the overseas growth of Singapore-based companies and promote international trade. Our vision is a thriving business hub in Singapore with Globally Competitive Companies and leading international traders. IE Singapore attracts global commodities traders to establish their global or Asian home base in Singapore.
Today, Singapore is a thriving trading hub with a complete ecosystem for the energy, agri-commodities and metals & minerals trading clusters. Through our Global Company Partnership and Market Readiness Assistance, we also work with Singapore-based companies in their various stages of growth towards being globally competitive. Our global network of overseas centres in over 35 locations provides the necessary connections in many developed and emerging markets.
Visit www.iesingapore.com for more information.
About the Singapore Bullion Market Association (SBMA)
The Singapore Bullion Market Association (SBMA) was formed in the early stages of Singapore as a bullion hub in 1993. Singapore’s innate attributes of neutrality, stability, excellent connectivity and reputation as an important centre of finance has long appealed to global traders in precious metals.
In 2012, with the lifting of the Goods and Services tax (GST) off Investment Precious Metals (IPM) by the Singapore government, this has since set in motion Singapore’s vision to be Asia’s global precious metal trade hub.
Today, the SBMA plays an essential role of connecting and promoting the Asian bullion market internationally. The association promotes transparency and governance in the Singapore bullion market and plays a pivotal role in market development in Singapore and beyond.
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