Despite being the ultimate “safe haven” asset, Gold prices has been very volatile since the coronavirus outbreak. The intensifying fears over the coronavirus along with the U.S presidential Election and the highly anticipated relief bill have been the main drivers for the exacerbation of Gold’s volatility. The phenomenon of a time discrepancy between the gold price and the point in time clients receive information of the price hike has been common this year. Owing to this, clients are selling their holdings after gold prices have retreated, missing out on the best possible returns.
GoldSilver Central offers efficacious solutions for your sale of gold, ensuring you are informed of your desired price level with minimal effort. Price hikes of Gold prices are opportunities for you to benefit from and we are here to lend a helping hand.
- Let GoldSilver Central Monitor the Prices for You
Having to take time off your busy schedule to monitor the price movement of gold prices can be a hassle, to say the least. Root out this inconvenience by making use of our price alert function and let us monitor the prices for you. Simply fill up a form, indicate the price you are looking to sell at, and we will do the rest. Once the indicated price is reached, you will be alerted with an email and you can head right over to liquidate your assets.
- Prices at your Fingertips, Sell your Gold Holdings anytime and anywhere at your Convenience
As technology advances in this age, the approach to dealing with precious metals has changed too. By converting your gold jewellery or bullion into Pool allocated holdings on GSC Live!, you are able to breathe new life into your Gold. By doing so, it provides you with the ability to keep track of market movements and enable you to sell instantaneously at the time and place of your convenience.
Sin Pong
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.
Cheryl
Published: 12 November 2020
For Immediate Release
- Kim Gold, with a focus on sustainability, renewability and transparency in pricing, launches her pre-loved jewellery brand.
Kim means Gold in two Chinese dialects, Hakka and Hokkien. Kim’s Chinese name“锦” is often associated with breathtaking sceneries好景(锦)象, bright prospects or glorious future. The “passing” of the pre-loved jewellery to the next owner is a symbolism of passing the beauty of Mother Nature in its current splendour to the next generation so they too can adore her beauty.
Kim Gold believes that sustainable fashion should be an integral part of sustainable living. Simple changes like opting for pre-loved jewellery helps lessen the demand to produce new jewellery. By doing so, this helps to reduce significant environmental implications or negative externalities that is brought about by sourcing or mining for new Gold.
At Kim Gold, jewellery is sold by Gold weight per gram plus a transparent premium (Kim Gold fee). Kim Gold offers this unique transparent pricing model for jewellery, allowing clients to clearly know their metal value and the revenue earned by Kim Gold. This is in line with one of Kim Gold’s mission; ensuring transparency (pricing and processes) and to uphold the value of putting clients at the heart of our business.
For Kim Gold’s launch, 3 featured series will first be introduced: Abacus Series, Wedding Series and Duo Glitter Series. Other exciting jewellery series will be introduced in the next few months.
Stringent processes in ensuring the authenticity and quality including cleaning and disinfecting of Kim Gold’s jewellery are put in place. This provides clients with a piece of mind and confidence in the jewellery pieces they will buy from Kim Gold.
“Kim Gold is a brand GSC created to provide clients with more value for their jewellery and also empower our valued clients in their pursuit of ethical, responsible purchase and sustainable living.” Said Brian Lan, Managing Director of GoldSilver Central.
ENDS
For media requests, please contact:
Evonne Seow
Senior Branding & Marketing Executive
Kim Gold
T: (65) 6222 9703
For further information, please visit: www.kimgold.com.sg
T: (65) 6222 9703
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: [email protected] | Tel : (65) 6222 9703
GoldSilver Central’s office is located at 03 Pickering Street #01-15/16 Nankin Row Singapore 048660.
There are instances when GSC tested a client’s jewellery, the purity was lower than what was indicated on hallmark it bears. For example, the hallmark on the jewellery indicates 916, this means the piece of jewellery is supposed to contain at least 91.6% of pure gold. But the authentication result might come out as 88 ~ 90% only. This often happens to jewellery that is bought long time ago or if it was bought overseas.
It might be due to the poor quality control compared to how it is done presently or it is not as stringent as how it is done in Singapore. To protect ourselves as a consumer, we suggest purchasing from reputable and responsible jewellers/goldsmiths at the same time keeping the receipt of purchase.
Purchasing from jewellers /goldsmiths that have already sent their jewellery to Singapore Assay Office for assaying and hallmarking would be a good choice as you are assured of quality. Singapore Assay Office (SAO) is an independent test laboratory that tests precious metals such as Gold, Silver, Platinum and Palladium purity since 1975. The jewellery tested will bear SAO mark which is a lion’s head. You may read here for more information.
Maya
Here in GSC we believe in being ethical and transparent in our business dealings in view of maintaining a long-term business relationship with our clients. We appointed authorised verifier CSD Industries Pte Ltd who are registered under Consumer Product Safety and Accuracy (CPSA) System, Weights and Measures Programme to inspect and verify our weighing scales annually. The verifier will calibrate the scales and place an Accuracy Label sticker on it, indicating the date it was verified. You can refer to the list of the authorised verifiers at https://cpsa.enterprisesg.gov.sg/totalagility/forms/cpssite/PUBSearchAV.form
During the selling process of your used jewellery with us, our friendly staff will invite you to witness the weighing of your jewellery and a printout slip of the weight you witnessed will be attached to your purchase order. This is to provide checks and balances and to ensure that our clients are getting paid for the full weight of their Gold sold to GSC.
Maya
