Let’s cut up your Gold Bar and sell them in pieces!

Many of our clients have brought up the idea of cutting up their Gold bars to periodically sell in smaller denominations. Logically, it makes perfect sense as it is actually a smarter way when it comes to liquidating your holdings. In fact, it is part of a strategy called Dollar-Cost Averaging for selling. By splitting up your holdings equally and selling them in fixed periods, you get an average price over a period instead of liquidating all the Gold bars at one go, allowing you to better manage the price risks.

Another situation which may require you to sell a portion of your Gold bars is when you are rebalancing your portfolio. When the value of your Gold increases and outweighs the allocation you have intended for your portfolio, you will need to sell some of your Gold to ensure the portfolio is balanced accordingly.  Nonetheless, we all know that it is definitely not advisable to cut your Gold bars for the purposes mentioned. Once the Gold bar is cut, it loses its value as an investment grade bullion bar and will be treated as scrap gold (for melting), resulting in a lower buyback price.

With GoldSilver Central, there will always be solutions to achieve your intended portfolio. You can sell the intended portion of your Gold holdings through means of Exchange-Traded Funds (ETFs) or Pool-Allocated contracts. Pool allocated contracts on GSC Live! for Gold are available in mini contracts (0.1oz per contract), providing you with the flexibility that you need. You can also convert your physical Gold bars into pool-allocated contracts on GSC Live!. A Gold bar weight 1 KG (32.148oz) can be converted into 32 of the 1oz contracts or even 321 of the 0.1oz contracts! With these solutions made available to you, “cutting” up your Gold bars is now possible without having you to suffer any unnecessary losses during the process.

Do connect with us via a call at +65 6222 9703 or email to enquiry@goldsilvercentral.com.sg to find out more about “cutting” up your Gold bars & selling them!

Sin Pong