We believe there are many people out there who are interested in precious metals and wish to start investing with something small in the initial phase. However, the question is “How?”?
The GSC Savings and Accumulation Program (GSAP) allows you to save using dollar cost averaging where you can start investing with a small amount at initial stage. This also allows you the flexibility to increase your accumulation on months where you have more liquidity on hand.
Let us share more on how GSAP works. GSAP helps to automatically accumulate your choice/s of precious metals daily. The automatic purchase will only be executed during GSC’s business days.
For example, if there are 20 business days in a month, the $100 will be divided in 20 days.
Based on 10am reference price, which is captured via algorithms automatically and displayed on our website daily after 10am, we will automatically purchase $5 worth of your choice/s of precious metals every business day. This helps the client to accumulate more when prices are low and less when prices are high. This is called Dollar Cost Averaging. This way, clients will not have to worry about price fluctuations or when would be the best time to purchase.
Upon the maturity of the savings accumulation plan, clients can also choose to take physical delivery of their accumulated precious metals. Clients can choose to take delivery of physical bullion, coins or even jewellery from our store. Of course, you can also opt to sell off your accumulated holdings if you do not wish to swap them for physical precious metals.
“What if I wish to start saving on precious metals during middle of the month/ any day of the month? Can I? How does it work?”
Sure, you can! For example, if you wish to start accumulation in the middle of the month with only 10 business days remaining, the $100 will be divided into 10 days. Which means we will automatically purchase $10 worth of your choice of precious metals on the remaining business days.
There is only one cost called the storage cost. It is 2.5% per annum and it will be calculated daily as your holdings increase day by day. The estimated storage cost for $100 accumulation is less than 1cent per day during the initial accumulation. As your holdings increases over time, the storage amount will then increase.
GSAP is hassle free and suitable for anyone who wants to accumulate their Precious Metals in physical Gold, Silver and Platinum.
Please feel free to contact us for more details or visit us at www.goldsilvercentral.com.sg.