Trading and investing are two different methods of gaining profits from a market and both activities involves market participation at the right time. Traders take advantage of market volatility by entering and exiting market to take frequent profits while investors generally buy and hold assets or financial instruments over an extended period of time. Of course the reverse is possible too. Timing and convenience became an important factor in building wealth. What if you can have access to the market right in the palm of your hands?
GSC Live! is the mighty platform with endless possibilities that offers users access to the Precious Metals market anytime of the day. Apple and Android supported which means you are able to trade Gold, Silver and Platinum on your mobile phone. Here are 3 reasons why you should try GSC Live! today.
- Convenience: Its user-friendly interface makes it easy to understand and operate. And because you can download the application, you can check and execute trades while you are having a meal, shopping for groceries or even while you are travelling abroad. Other features include setting pending orders that helps you manage your trades while you are asleep. You can even leave buy or sell limit orders and GSC Live! will auto execute your trade when your desired price is reached.
- Instant execution: GSC Live! is ready for you to place your trades and they will be executed instantaneously. Not to worry about the latency of the data as all spot prices are in real time. You can buy or sell Gold, Silver or Platinum at the price you want.
- Spot Deliverable: You will be able to take physical delivery of what you have traded. We are the first Spot deliverable, physically backed Gold, Silver and Platinum in Singapore. Simply contact the GSC Live! team and we will provide the information on how to.
If you are still unsure, a demo version is available for you here. Follow the easy steps and you will have a tool to access the Precious Metals market. Download and try GSC Live! today for free!
It is common to mistake platinum for white gold due to their silvery white appearance. But they are distinguishable by their weight as platinum is 20% denser, weighing heavier than white gold. Scoring 3.5 on the Mohs scale, Platinum is harder than gold and more costly to produce. About 30 times rarer than gold, occurring at very low concentrations in the earth’s crust. Often the preferred choice of jewellery especially for couples as it symbolises strength, durability and endurance.
The automotive sector has the highest demand for Platinum. The metal’s active properties act as filters within catalytic converters of motor cars, helping to reduce harmful emissions. And because it does not react negatively to body tissue, they are considered biologically compatible metal and is used widely in hospitals for surgical instruments and implants. According to reports from World Platinum Investment Council, industrial demand for the metal are seeing an average 4.6% growth per annum from 1988 to 2019.
In the last 20 years, platinum reached its peak of $2,2253/oz in March 2008 and lowest of $785/oz in 2019. Interestingly, platinum backed investment jumped in the year 2019 particularly huge purchases in ETFs by large institutional investors. This maybe a hint to the market that corporate investors are speculating growth potentials. Perhaps it is time to consider diversifying your gold portfolio by buying some precious platinum.
But regardless if you are an investor looking to ride the platinum wave, a collector of platinum coins or diversify of your portfolio, GoldSilver Central is the one-stop solution that you need. Check out our website or drop-by our storefront and speak to our friendly staff. GoldSilver Central have an array of platinum bars and coins to meet your needs.
One of our team members went to Korea and took this photo recently. For those of us unfamiliar, this is a love lock that lovers typically lock onto a public fixture (Most common a bridge or wall of sorts) to symbolize their love for each other. The key is supposedly then thrown away and their love is “unbreakable”. (Probably the author did not account for irate authorities or lock-picking thieves when he came up with this)
This Valentine’s day, we decided to explore why some people choose to “lock” their precious metals in a vault, whereas others just choose to leave them at home. What is the difference between a safety deposit box, a vault and my home safe anyway? Aren’t they all just places to store items safely? Today, we will head into the realm of vaulting security.
Home Safe
A metal safe box at your house where you apparently store your important papers under your personal name (Think title deeds, birth certificates, cash, etc.), all in the hopes that a burglar who breaks into your house will not find it/ deems it too troublesome to cart off a neatly packaged “takeaway container” of the things he came in to find in the first place. We jest, but you get the idea:)
PS: We must take this chance to state that we are very fortunate to reside in a safe country like Singapore.
Safety Deposit Box
A slight improvement from a home safe system where you place the actual metal box at a third party facility with security protocols implemented. Costs are incurred for the security personnel and the technology but are typically low across the industry. Privacy levels differ at different facilities but a general trend is the higher the level of privacy you require, the higher the annual costs. Insurance of your holdings is typically not available.
LBMA Network Vaults
The vault is maintained by an independent LBMA vault operator who follows international standards and have strict security protocols. Financial institutions typically store their holdings within these secure facilities and form an ecosystem that enables global liquidity management and easy location swaps. LBMA vaults perform an important role in providing secure locations where bullion transactions between bullion dealers are facilitated efficiently. 100% insurance coverage is provided and high levels of check and balances are maintained.
At GSC’s partner’s vault, whenever a GSC staff enters the vault, they are accompanied everywhere by a vault operator and the same security protocols for visitors apply to GSC staff as well. Any deposit and withdrawal of holdings is strictly controlled and holdings are inspected regularly to ensure accuracy and security
Click here to find out more information on LBMA vaults.
Private Vault
Similar to the combined concept of an LBMA vault operator and a safety deposit box system, but under a private vault operator who sets his own standards and might not prescribe to international standards. Such operators usually act alone (due to clients’ privacy) and are not connected to other ecosystems. Stored physical bullion typically have to be transported externally before transactions can occur. Counter party risk might be high depending on the solvency of the vault operator. Unfortunately, there have been known cases of operators absconding with their client’s assets.
Quick Comparison of Storage methods
In a nutshell, it really depends on the clients’ needs and objectives! Different clients have different risk profiles and prioritize certain aspects of their portfolios over other factors. Speak to our Storage team for a more in depth analysis of your profile and portfolio to have a better idea.
So that’s it, a quick look at vaulting security. Keep in tune as we continue our updates, to make precious metals investing a transparent one.
PS: A quick shout out to GSC’s Storage Programme. We partner LBMA vault operators and seek to add value to our clients’ storage holdings.
Here’s how clients can maximize their holdings’ value:
- Instant Price Fix – Storage clients are able to phone in during office hours to sell their holdings instantaneously, regardless of their physical location.
- Live Valuation – When within GSC Vault Network, storage clients’ holdings are tracked with real-time prices, providing them a live valuation and profit/loss statement of their investment portfolio at any instance.
- Hassle-Free Administration – Clients do not have to worry about counting and keeping track how many pieces of each item they have. GSC sends a monthly statement with their item breakdown.
- Smart Analysis – Based on aggregated databases, we are able to optimize clients’ precious metals portfolio to achieve their objectives via portfolio rebalancing
Contact us at Storage@goldsilvercentral.com.sg or call us at +6562229703 if you are looking to maximize your precious metals potential.