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 wi