English version
In our previous article, I’ve mentioned that my personal recommendation for a newbie investing in precious metals is to invest and purchase in Gold. I’m sure you’ve heard that Silver has been trending recently, leading you to be hesitant on whether you should be choosing Gold or Silver, right? Today, we will be analyzing and comparing these two precious metals so that everyone can choose the investment they think is worthwhile.
We previously discussed that Gold has two key points – Liquidity and Buy/Sell Spread, which is in line with the needs of a newbie investor. In fact, I personally think that these two points are factors that must be considered in any kind of investment, not just for precious metals.
In terms of Liquidity, we’ve seen an improvement in Silver for the last 10 years. Although Silver is considered to be slightly inferior as compared to Gold, most dealers and a small number of pawnshops have accepted trading Silver (note: Silver here refers to investment grade Silver, which excludes Sterling Silver, 925 Silver jewellery, silverware, etc.). The Buy/Sell Spread on the other hand, increased from the usual 10% to between 15 – 20% due to a series of events (temporary supply chain paralysis caused by Covid-19, #SilverSqueeze by the Reddit Community, etc.). Dealers had to increase the price of Silver products accordingly as many mints and refineries increased their premiums due to supply shortages.
Having said that, let’s look at what other advantages Silver have over Gold. Personally, I think that affordability is the biggest advantage of Silver. Let’s take the most common hallmark coin – Canadian Maple Leaf One Ounce Gold and Silver coins as an example. The current price of the Gold coin can purchase 68pcs of the Silver coin. Just imagine, what happens if both Gold and Silver price rise by $10/oz? Well, the 68 pieces of Silver coins you bought would be more valuable than 1 Gold coin (note: we must also consider that the actual price increase of Gold and Silver are usually different, and this is just an analogy). It is precisely that because Silver is cheaper, its Upside Potential is also greater as it holds a higher value when holdings increase. The price of Gold as of 10 Mar 2022 15:45PM Singapore Time is USD 1,978.50/oz, and the price of Silver is at USD 25.50/oz (oz=troy ounce, pronounced as “aʊns, and is equivalent to 31.1035 grams). In August 2020, Gold hit an all-time high at USD 2,074.96/oz, whereas Silver’s all-time high was USD 49.45/oz in 1980. In terms of probability, I personally think that chances are higher that Silver’s price will double rather than Gold doubling its price.
By now, you must be wondering why wasn’t Platinum mentioned in my article? I’d say take it slow and not to rush as we should always learn things step-by-step. (In fact, I had to squeeze my brains and leave some topics to write for in the long-term when writing a manuscript. Thanks in advance for not blowing my cover!)
I will stop here for now, see you in our next article! If you’ve any questions, please feel free to leave a comment and we can discuss together.
Maya
中文版本
上期我们说到作为新手，我个人比较推荐买入黄金作为你第一块打开投资贵金属大门的敲门砖。可是相信你们还是会听说过最近白银很大势喔所以在犹豫到底选择哪一个比较好对吧？那么我们今天就来分析比较一下两者好让大家可以选到自己认为值得的投资。
之前我们说到黄金有两个特点我觉得是契合新手投资的需求的，那就是流动性(liquidity)和买卖差价率(buy/sell spread)。其实我觉得这两点是任何一种投资都得要考虑的因素，不单单只是适用于贵金属投资。
首先就流动性而言，白银在近10年的流动性已经改善了许多。虽然比起黄金还是稍微逊色了一些，可是大部分的经销商和少部分的当铺都已接受买卖白银（请注意这里的白银是普遍指投资用的白银，不包括sterling silver, 925银饰或银器等）。至于白银的买卖差价率则因为新型冠状病毒肺炎造成的短暂供应链瘫痪以及红迪(Reddit)用户挤压金属供应等一系列事件从往常的10%左右增加至15-20%。这是由于供不应求而造成很多铸币厂和精炼厂把手工费(premium)提高，经销商唯有跟着调高白银产品的售价。
说了以上两点，让我们来看看白银比起黄金有什么其他优势吧。我个人认为便宜是白银的最大优势，以最普遍的加拿大枫叶一盎司金币和银币来举例的话，目前一个金币的价格可以买68个银币。设想如果金价和银价同时都上涨10元，那你买的68个银币带给你的增值就会比1个金币来得多（当然也要考虑现实金价和银价的涨幅通常是不一样的，这里只是做一个简单的比喻）。也正因为白银便宜，所以它的上涨潜力比起黄金是大很多的而且因持有数量带来的增值也比较多。截至2022年3月10日新加坡时间15点45分，金价是美元1978.50/oz而银价是美元25.50/oz （盎司oz=troy ounce，读作”auns”。等于31.1035克）。2020年8月金价达到了历史以来最高的记录美元2074.96/oz，而银价的最高纪录则是在1980年达到49.45/oz。以可能性来说，我个人认为银价会翻倍的几率比金价来的高。
你说怎么没谈到铂金？慢慢来别急，学习总得要有个循次渐进（其实是我写稿也要挤挤脑汁留点话题才能写长远，请别当面拆穿我小女万分感激）。
今天暂时就分享到这里，我们下回见！有什么疑问欢迎在我们的留言区讨论哦。
Maya
Introduction
Numismatics are often associated with being coins that are both rare and ancient. The value of numismatics goes beyond its currency because of their significance and unique historical values.
This article focuses on the extended knowledge of numismatics.
Coin Grading
The Sheldon Scale was introduced by Dr. William Sheldon, a renowned numismatist in 1948. The Sheldon Scale is now internationally recognized and used widely in the coins and numismatics industry. It is a point system scale, ranking coins from a scale of 1 to 70. The higher the grade, the better the condition of the coin is. To account for a wider range of coins, the Sheldon Scale had been modified. Below are the grades and explanations:
MS/PR-70 (Mint State/Proof): A coin with no post-production imperfections at 5x magnification.
MS/PR-69: A fully struck coin with nearly imperceptible imperfections.
MS/PR-68: Very sharply struck with only minuscule imperfections.
MS/PR-67: Sharply struck with only a few imperfections.
MS/PR-66: Very well struck with minimal marks and hairlines.
MS/PR-65: Well struck with moderate marks or hairlines.
MS/PR-64: Average or better strike with several obvious marks, hairlines and other minuscule imperfections.
MS/PR-63: Slightly weak or average strike with moderate abrasions and hairlines of varying sizes.
MS/PR-62: Slightly weak or average strike with no trace of wear. More or larger abrasions than an MS/PF-63.
MS/PR-61: Weak or average strike with no trace of wear. More marks and/or multiple large abrasions.
MS/PR-60: Weak or average strike with no trace of wear. Numerous abrasions, hairlines and/or large marks.
AU-58 (About Uncirculated): Slight wear on the highest points of the design. Full details.
AU-55: Slight wear on less than 50% of the design. Full details.
AU-53: Slight wear on more than 50% of the design. Full details, except for very minor softness on the high points.
AU-50: Slight wear on more than 50% of the design. Full details, except for minor softness on the high points.
XF-45 (Extremely Fine): Complete details with minor wear on some of the high points.
XF-40: Complete details with minor wear on most of the high points.
VF-35 (Very Fine): Complete details with wear on all the high points.
VF-30: Nearly complete details with moderate softness on the design areas.
VF-25: Nearly complete details with more softness on the design areas.
VF-20:Moderate design detail with sharp letters and digits.
F-15 (Fine): Recessed areas show slight softness. Letters and digits are sharp.
F-12: Recessed areas show more softness. Letters and digits are sharp.
VG-10 (Very Good): Wear throughout the design. Letters and digits show softness.
VG-8: Wear throughout the design. Letters and digits show more softness.
G-6 (Good): Peripheral letters and digits are full. Rims are sharp.
G-4: Peripheral letters and digits are nearly full. Rims exhibit wear.
AG-3 (About Good): Most letters and digits are readable. Rims are worn into the fields.
FR-2 (Fair): Some details are visible. Rims are barely visible.
PO-1 (Poor): Enough detail to identify the coin’s date and type. Rims are flat or nearly flat.
Ungradable: Date and mintmark of the coin are undetectable, which is necessary for grading.
Coin Grading Organization
If you are looking to get your coins professionally graded, you may want to consider visiting reputable and well known coin grading companies like PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation) to get the coins graded. Graded coins will be certified as authentic, protected and held with a holder, and can be sold for a higher value to coin collectors or dealers who are willing to pay higher premiums for a relatively rare coin.
Numismatics vs Bullion
Bullion are generally purchased as a form of investment or to hedge against inflation. Bullion are valued based on their purity, weight, and spot metal price. Below are some examples of investment grade bullion coins for your consideration if you are looking to purchase as a form of investment:
- Canadian Maple Leaf
- American Eagle
- Austrian Philharmonic
- Royal Mint’s Britannia
- Perth Mint’s Lunar Series
However, numismatics on the other hand, are extremely rare and collectible as they are historically significant pieces. Therefore, they are valued based on their rarity, condition, mintage or year. Some famous numismatics coins are:
- Pre-1933 American Eagle
- Morgan Silver Dollars
- Peace Silver Dollars
It is crucial to know your objective when you put into consideration of whether to purchase bullion or numismatics. This is because a bullion coin may be a better choice if you are looking for an asset to invest due to lower premiums.
I hope you have a better understanding of numismatics now! Do connect with us at [email protected] or WhatsApp us at +65 8893 9255 if there is any specific numismatics coin that you are looking for, or if you have a coin and wondering if it could fetch a numismatics value. Meanwhile, if you are interested, we have a range of numismatics certified by PCGS and NGC here!
Evonne
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 [email protected] to find out more about “cutting” up your Gold bars & selling them!
Sin Pong
In times of volatility, the charts and price movement we see blink red and green tirelessly, like a never-ending fast-forward traffic situation. Ever slipped your finger and missed the buy/sell within seconds, for whatever reasons (could be internet connection lagging, could even be that you were taking too long to ponder if you should press that button!) that caused you to miss the perfect price level, must be causing you to secretly curse and swear about how you should have had gotten that price level instead of missing it.
Ever saw a piece of precious metal and fell in love with it immediately, and wishing you could own it someday? Especially so at a price lower than the current price, or at a price that is lower than the average price! Well, you can set a Price Alert to be notified when the price has reached your desired level!
For example, if you’ve always wanted to own a piece of the Argor-Heraeus Kinebar Gold Bar 10g, and wished that you can someday own it when it costs S$820. You can set a price alert on our webpage by heading over to the product’s page (in this example, it would be the Argor-Heraeus Kinebar Gold Bar 10g), click on the “Price Alert and History” tab, and click on “Setup Price Drop Alert”.
Enter the price level you wish to be alerted at, and your email address for the price alert to be created.
Did you know? You can also set price alerts for sale of your pre-loved jewellery to us. If you’ve a rough estimate of the finesse, purity, and weight, you can set an alert to notified when prices are high and worthy of your preloved jewellery. Click on “Alert Me When Prices are Right!” to set your price level to be notified.
Have a piece of pre-loved jewellery you’d like to sell off? Or is there an item you have in mind, with a specific price tagged to it? Connect with us via email at [email protected] or WhatsApp to +65 8893 9255 to find out more about Price Alerts and how to use them to your favour!
Do watch this space for our next article sharing on how to set alerts and notifications using the GSC Live! application. Till then, cheers and stay safe!
Suzane
“Why are your Gold bars and coins cheaper than some jewelers and online retailers?” “Are they pre-loved or defected items?” “What are the differences?” These are questions that we often hear from our retail clients. Today, we will be sharing some information with you on the questions commonly asked by our retail clients, especially when visiting us for the first time:
- It may occur to you that the difference in the prices offered by us and others within the same industry (jewelers, bullion dealers, online retailers, etc.) can be quite vast. Well, this is because a mark-up is included in the products offered by traditional jewelers as it involves crafting and design of jewellery. Most clients who visit traditional jewelers are usually looking for gifts and are willing to pay more for the jewellery piece with the design they adore. In contrast, clients whom purchase from authorized bullion dealers like GoldSilver Central are mostly Precious Metals investors. Therefore, the prices we offer are competitive, as we understand that all physical items are priced at Spot + Premium, and our mark-up is actually the premium! Essentially, premiums are also the cost of fabricating and shipping of the items from the refineries to our retail store. One of our clients shared that they had managed to save more than S$300 by purchasing a Canadian Maple Leaf Gold Coin 1oz from us as compared to purchasing from a jeweler!
- LBMA accredited refineries and mints such as (but not limited to) Argor-Heraeus, Austrian Mint, TianXinYang, Perth Mint, and the Royal Canadian Mint had authorized GoldSilver Central as the authorized distributor of their bullion products. Having had built a good working relationship with the refineries and mints had allowed us to enjoy better premium rates, and we are then able to sell at a lower price to our clients. Other sellers who are not the authorized distributor may had obtained the bullion from a wholesaler or even a 3rd party, incurring higher costs on top of the premium, which is also why our prices are more competitive compared to other retailers/sellers.
We hope the above sharing had answered your question as to why we are able to offer products with attractive premium.
Do connect with us via a call at +65 6222 9703 or email to [email protected] to find out more about physical bullion purchase.
Evonne
Greetings from the GSC Savings Accumulation Program’s Team!
In a few days’ time, we will be celebrating the joyous and festive Lunar New Year! I’m sure there are many who can’t wait to receive blessings in the form of money packed in little red envelopes from our parents and relatives. Well, there are also many of us who will be giving blessings out to our little ones as well as our family and friends. Tradition has it that once you are married, you can give out blessings in the form of red packets to family and friends who are still single, or if you’re single, as a form of expressing appreciation to parents and grandparents for raising us!
Has it ever crossed your minds that we can snowball the angpow money we received by putting it into the GSC Savings Accumulation Program (GSAP), and start accumulating precious metals (Gold, Silver, and/or Platinum)? We can even choose to exchange the accumulated holdings into a physical bar/coin upon plan maturity! Well, we can also accumulate the money we wanted to give our parents and grandparents this year, by putting them into GSAP, and taking physical delivery of an item upon plan maturity, and giving them as a form of Precious Metal instead of the usual plain red packets they receive from everyone else! We can also deliver the items at a small fee, depending on the item you selected, and the delivery location.
Sounds interesting? You can find out more and sign-up for GSAP here. Drop us a text over at +65 8893 9255 or email us at [email protected] and we will be happy to share more with you!
Wishing you and your family a prosperous Lunar New Year!
Wendy
