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.
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.
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!
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.