Governments around the world including the United States have been utilising monetary policy to aid their economies tide through this pandemic. I think that by now, you would understand with governments injecting liquidity into the market, inflation inevitably will creep up, which will in turn reduce your purchasing power. Investors are now looking at various assets to protect their wealth and if you chose Gold; should you buy into Physical Gold or Gold ETFs?
Let’s have a quick run-through for both forms of investment. With Gold ETFs, you get a transparent and convenient way to invest in gold. As long as the market is open, you are able to buy and sell Gold ETFs on the exchange, making it as easy as trading stocks on the stock exchange. Prices are relatively more inexpensive as the costs for production (premiums) are excluded from the ETFs. Furthermore, you do not have to be concerned on the storage of the assets.
However, with Physical Gold, it is one of the most secure form of investment. You are not exposed to any third-party risks as you are in full control of the asset yourself. In the event of unforeseen catastrophes, the value of your asset will still be there giving you the financial insurance you are looking for.
What if there is a third option that somehow allows you to have the best of both worlds? That third option will be Pool Allocated Gold. Rather than buying Physical Gold (fully allocated), you can purchase Pool Allocated Gold which is physical deliverable as it has the underlying physical precious metal, without paying the premiums upfront. At this stage, you enjoy the convenience of Gold ETFs, allowing to buy and sell anytime during the opening hours of the market. Should a time of emergency come, and you want the security of Physical Gold, you can simply swap your pool allocated holdings into physical Gold by paying the premium and bring your Gold bars home. This is essentially what GSC Live! allows you to do! Read more about GSC Live! and open your account today!
Sin Pong
我们都清楚购买实物贵金属的购买成本较高。这是因为当我们从不同国家把实物贵金属带进来新加坡贩卖时，会有一定的成本。影响购买成本的因素包括储存费用，保险费和运输费等。尽管如此，购买和持有实物贵金属还是有一定的优势。
- 零交易对手风险：
持有实物贵金属不需要通过中间人或第三方来进行交易。因为身为持有者，您可以直接在世界各地进行交易或贩卖。
- 有形资产：
如果您持有贵金属，您便拥有它并享有手持实物贵金属的全部优势。包括把玩在手里并欣赏它的美。
- 具有流动性与便携性：
通过伦敦金银市场协会“合格交割”的贵金属具有极高的市场流动性。它可以随身携带并售予世界各地的授权经销商。相反的，其他形式的投资如世界名画则需要较长的时间来进行交易。
- 易储存与保养：
实物贵金属价值高而占用空间小，可以轻易储存或收藏于家中。我们有位顾客购买了1000盎司的银条并放在家中的花园作为凳子！您也可以把您的实物贵金属储存于专业的储存库。欢迎查询我们经济实惠的贵金属储存方案！
- 无需专业知识：
购买黄金无需专业知识或技术。对于其他形式的投资如钻石，名画或古董，您也许需要一定程度的领域知识才能投资。如果您对所购买的贵金属的真伪有顾虑，那么最简单的办法就是向信誉良好的授权经销商购买。
金银中央有限公司已成立十年（今年三月是我们的10周年庆！），是新加坡信誉良好的授权经销商。我们出售来自世界各地，通过伦敦金银市场协会“合格交割”的各类实物贵金属。 如果您有兴趣购买实体贵金属，欢迎您向我们查询更多资料。我们很乐意在投资贵金属的旅途上与您同行并助您一臂之力！
Evonne
We know physical bullion carries a premium and this premium includes the cost incurred for storage, insurance and delivery when we bring in the bullion from different countries to Singapore. However, despite paying a premium on top of the precious metals price, there are good reasons on why investors buy and own physical Precious Metals.
- No counterparty risk:
By owning a physical Precious Metals, there is no middleman or third party involved. The owner has it in his or her possession and can directly sell or trade it anywhere in the world.
- It is a tangible asset:
If you buy a physical Gold or Silver, you can hold/caress it in your hands and admire its beauty from time to time.
- It is liquid and portable:
LBMA accredited “Good Delivery” is highly liquid in the market. Unlike other investment forms such as fine art pieces which takes longer time to sell, physical bullion is portable and can be carried and sold to any authorized bullion dealer in the world based on the Loco London price.
- Easy to store and low maintenance:
Physical bullion holds high value and requires small spaces. It can be easily stored or hidden in your home. We do have a client bought a large Silver bar (1000oz) and placed it at the garden as a seat! Also, you can opt for professional storage program and store it in vault. Check out our GSC Bullion Storage Program with affordable storage fees!
- Requires no specialized knowledge:
You do not need professional skills or expertise in buying physical bullion. For other forms of investments such as diamonds, fine art pieces or antiques, you probably need certain product knowledge before investing in it. You may wonder how you can ensure that the bullion you bought is genuine. Well, the simplest way to ensure authenticity is to purchase from authorized, reputable bullion dealers.
GoldSilver Central is an authorized, reputable bullion dealer in Singapore for 10 years and we carry a wide range of physical bullion from various LBMA accredited mints and refineries. Just in case you did not know, this year March was our 10th Anniversary! If you are interested in buying physical bullion, feel free to get in touch with us and we will be more than happy to walk with you throughout your Precious Metals investing journey!
Evonne
Due to the Covid-19 pandemic, several countries around the world were in lockdown to curb its spread, this led to consumers spending less and saving up more this period. Where can we deploy our funds to weather the uncertainties in the economy? How do we buy into safe haven assets such as precious metals?
And who can we trust?
Precious metals unfortunately is an asset favored by scammers, con artists as its value is well recognized globally. Then how do we navigate this minefield and know who to trust?
Look for dealers and storage partners who have weathered through multiple bull and bear markets and are regulated by the local government bodies or have membership to the relevant associations in their country or in their region they are located in. This will further ascertain their credibility and standing within their fieldOne of the storage options GSC would highly recommend are those being offered by the Perth Mint. With more than 100-years of experience in the business and the only precious metals accumulation program with a Government-Guarantee; this is a private banking product that is now offered to all clients!
The Perth Mint Certificate Program (PMCP), makes it affordable to own Gold, Silver, and Platinum with the world’s only Government-Guarantee! Better still, they have solutions without storage fees!
With the rapid rate of digitalization, investors now prefer online solutions that they can manage and execute themselves even for asset transactions. The Perth Mint Depository Distributor Online (PMDDO) with the same Government Guarantee as the PMCP, answers that need. PMDDO has a much lower minimum transaction size and allows client to purchase, sell, store, and deliver Gold, Silver and Platinum online 24/5.
To find out more about the PMCP and PMDDO, please feel free to call us at +65 6222 9703 or email us at [email protected].
GoldSilver Central is a homegrown company established since 2011, is honored to be the only authorized distributor in Singapore to provide investors with access to the PMCP and PMDDO.
If you have more queries on the standards in the precious metals industry and trying to know who are the dealers and storage partners you can trust, you may look into:
London Bullion Market Association (LBMA) who work closely with the precious metals stakeholders and set the standards for the industry; and Singapore Bullion Market Association (SBMA), similar to SBMA but their focus is more on Singapore and the Asia market.
Suzane
A recently reported fraud news in Singapore involving physical Gold bars unfortunately showcased the often used asset of choice by fraudsters, fake con artists and money launderers. This plagues the industry from time to time and gives a bad name to precious metals investing for serious investors and trusted dealers.
The Financial Action Task Force (FATF), is an inter-governmental body that sets international standards aimed to prevent money laundering and terrorism financing (ML/TF). Similar to other important financial centers globally, Singapore is a member of FATF and has taken action to tighten regulations and reduce the harm caused by these illegal activities to society.
For the precious metals sector, Singapore had passed the Precious Stones and Precious Metals Act (PSPM Act) in April 2019 that introduced an anti-money laundering and countering of terrorism financing regime to strengthen Singapore’s overall efforts to counter money laundering and terrorism financing.
GoldSilver Central Pte Ltd (GSC), as a regulated and trusted dealer in Singapore registered under the PSPM Act, complies with and performs the required customer due diligence (CDD) and enhanced customer due diligence (ECDD) processes.
Regulated dealers under the PSPM Act are prohibited from performing any transaction if the required CDD process is not completed or fulfilled. And for cash transactions, regulated dealers are further required for compliance reporting for amounts above $20,000 to the related regulatory bodies.
All regulated dealers have also been advised to display prominently the Ministry of Law’s Notice for Customers (as shown below).
The World Gold Council (WGC) is the market development organisation for the Gold industry. The WGC recently produced the Retail Gold Investment Principles (RGIP) which provides high level, best practice guidance for providers of retail Gold products. GoldSilver Central, which is also a corporate member of the Singapore Bullion Market Association (SBMA), supports and adheres to the guidelines found in WGC’s RGIP.
You may learn more about the RGIPs here.
As a regulated and responsible dealer in our industry, we want to always support and help build trust in our precious metals community for a safe and responsible trading environment for our clients and business partners.
GSC Compliance Team
Missing out on the joy of joining your once-in-a-lifetime graduation ceremonies in-person? Trying to reward your loyal staff but can’t hold any meaningful physical ceremonies? How about having fixed your wedding date and made all the preparations for a intimate experience only to be affected by the volatile uncertainty caused by Covid-19. That’s exactly where a gift in the form of a Gold Bar or Coin will be a memorable and significant one.
At GSC, we consistently source for products suitable for investors all around the world, each looking to fulfil a different need in their portfolio. During this period of Covid-19 pandemic, where we all need to be practising social responsibility and distancing, GoldSilver Central sees the need to still remember and commemorate special events in a meaningful way. Virtual interactions and celebrations can’t be avoided, but let’s continue to celebrate that important milestone in our lives.
Gift of Finance
Graduation ceremonies traditionally signify passing into the adulthood, so why not get a physical gold bar or coin as a first real financial investment for your graduating child? Celebrate that parental love you have with your child by imparting to them life’s eternal lesson: the importance of personal finance.
Gift of Loyalty
Similarly, reward your loyal staff who have been going above and beyond their roles by gifting them a gift that signifies a store of value. Show them you value their contributions and celebrate the bond you have built up over the years.
Gift of Value
And what else can we say about arguably the most important event in most of our lives? We should never underrate the joy of the matrimony of a couple. And a pure gold investment bar will make for a solid beginning of a relationship. Display it prominently in your new home and remind each other daily the importance and value of your marriage. Or if you are gifting it for your son and newly official daughter in law, this is a good opportunity to share with them the value of long-lasting assets in the relationship.
We have curated a catalogue of suitable gifts for you. Here are some of the products you can consider.
Feel free to browse the catalogue. For corporations, we are able to customize portfolios to suit your needs as well.
Thank you and lets all keep safe
Jason
As Singapore announced tighter Covid-19 measures for 3 weeks termed as Phase 2 (Heightened Alert), GoldSilver Central’s physical retail store remains open during this period and most of our products and services will still be offered and supported by our full GSC team. However more than 50% of our staff will be working from home. Rest assured, we are always available to take on your queries via our web chat, WhatsApp, emails and phone calls during our operating hours.
Clients can place orders via our ecommerce website as usual but please note that payments have to be made within 30 minutes to secure your order due to limited inventory. Visits to our retail stores will be strictly by appointment only and we strongly recommend our clients to place appointments in advance with us in order to secure your preferred date, time and services we offer. In addition, we are providing free consultation to our clients on Zoom if you would like to speak to us in the comfort of your home. Please select “Virtual session” from the “Services” at the appointment page.
For Bullion orders above S$7,500, GSC will provide free local (Singapore) delivery.
If you are looking to sell Bullion or Gold jewellery in this period without leaving the home, we are happy to provide free delivery to pick up your items valued at SGD7500 and above. For more information: https://www.goldsilvercentral.com.sg/blog/looking-sell-gold
Stay home and Stay Safe while purchasing from us!
For more information or urgent matters, please reach us at +65 6222 9703. We thank you for your kind understanding and support as we work together towards minimizing the spread of Covid-19 in our community. Stay safe!
GoldSilver Central
Today, as I was sharing the merits of having Gold in your investment portfolio, a mid-30s male came up to me and asked me this,
“How much should I invest in Gold? How do I even go about doing it?”
A good question.
We operate a precious metals business. Will we ever say
“You are buying too much Gold! Stop buying!”.
ABSOLUTELY, YES WE WILL SAY THAT.
Because the alternative is just simply wrong. No one should ever have 100% of your assets into any 1 basket, that is a gambler’s mindset. (In which case, we can point you to the nearest Casino, they should be welcoming locals with open arms at the moment, given the lack of tourism still in Singapore.) Even Warren Buffet diversifies. So should you. Period.
Hang on, did a Precious Metals Market Leader just mention not to buy Gold? YES we did! And that’s because having too much Gold weightage in your portfolio may not always be a good thing. Let’s dig deeper.
There are 2 main reasons investors buy into Gold as an asset.
Capital Appreciation
Wealth Preservation
Which reason do you belong to?
Lately, we hear a lot about how Gold prices have gone up more than 50% and that it will continue to have a “meteoric assent to the moon and Gold will have taken a leap for mankind” (we jest but just hear some of the stories that we have heard…) Would Gold shoot up to $10,000 per oz? MAYBE, but that will most probably not happen in 2021 or for the next 5 years for that matter. If you are investing to earn capital appreciation, you need to ask yourself THE important question.
What is my timeframe?
(We’ll discuss this in greater details next time, subscribe to us for the latest updates. Or simply call us to ask.)
Once you’ve identified your reason for investing in Gold, comes the next part in deciding how much to invest. Ask yourself this very simple yet straight forward question,
Can you sleep at night?
Every investor’s “sleep tolerance level” is different, one may be comfortable with putting in 20% of their portfolio into Gold and possibly see it shrink by 10%. Another may be anxious with even a 5% dip when they’ve only put 10% of their portfolio. And you know what, there’s nothing wrong with it. Which is why here at GoldSilver Central, our purpose is not to sell you more gold, more silver, more platinum… Our purpose is not even to tell you “investors should put 5-10% of your portfolio into Gold. This is historically proven to be the best portfolio weightage according to experts…”
Our purpose is to ask you this,
“Will investing in Gold lead to better sleep for you? If so, lets discuss what is the most cost efficient way to get into it. If not, you should consider why are you even thinking about investing in Gold.”
Are you buying too much gold? Speak to us to create the portfolio tailored specifically for you to have a good rest at night.
Till next time. Sleep well.
Jason
