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BULLION INSIGHTS

Stay Updated with the Latest News, Events and Insights into Precious Metals Investment

Tuesday, 24 April 2018 / Published in Blog, GSC Morning Call
Monday, 23 April 2018 / Published in Blog, GSC Morning Call

Economic events for today (GMT +8.00):

15:30 German Manufacturing PMI (Apr)

22:00 Existing Home Sales (MoM) (Mar)

 

Friday, 20 April 2018 / Published in Blog, GSC Morning Call
Thursday, 19 April 2018 / Published in Blog, GSC Morning Call
Wednesday, 18 April 2018 / Published in Blog, GSC Morning Call
Tuesday, 17 April 2018 / Published in Blog, GSC Morning Call
Monday, 16 April 2018 / Published in Blog, GSC Morning Call
Friday, 13 April 2018 / Published in Blog, GSC Morning Call
Thursday, 12 April 2018 / Published in Blog, GSC Morning Call
Thursday, 15 March 2018 / Published in Announcements, Blog

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!

Singapore International Coin Fair

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

 

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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!

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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 will be bringing in your usual favourites from Austrian Mint such as the Guardian Angel Silver Coin Collectibles, Austrian Mint Bullion Bars and Coins, Wildife in our Sights Gold Coin Collectibles and more!

 

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Last but not least, our standard Bullion Promotions for our China Pandas, Lunar Coin Series and more.

To get first dips and previews of our Coin Fair Promotions and to register your interest for Austrian Mint’s Kissed Awake Jewellery Collection,  opt into our newsletter now:

Stay Tune for more updates from us!

Tuesday, 06 March 2018 / Published in Announcements, Blog

We are happy to announce that we are a Bullion DNA Dealer for Royal Canadian Mint.

The Bullion DNA anti-counterfeiting technology is only available through a registered Bullion DNA dealer.

Tuesday, 13 February 2018 / Published in Announcements, Blog
Thursday, 21 December 2017 / Published in Announcements, Blog

Merry Christmas from GoldSilver Central

Merry, Merry Christmas and a Happy New Year to you!

We will be closed on the following dates for the Holiday Period:

23/12/17 (Saturday) to 25/12/17 (Monday)

Business as usual from 26/12/17 (Tuesday) to 29/12/17 (Friday)

30/12/17 (Saturday) to 01/01/18 (Monday)

Business as usual from 02/01/18 (Tuesday) onwards

Merry Christmas and Happy Holidays!

Tuesday, 17 October 2017 / Published in Blog

Here are some directions to our office when you walk over from Nankin Row!

We will start with the iconic 3-man statue

Walk towards the direction of Ya Kun/Sushi Tei and you will pass by the construction site for an upcoming hotel on your right.

On your left, you will pass by cafes and restaurants such as GentleBros and Aglio Olio.

You will then pass by (defunc) Wall Street Cafe on your left with an underpass. A header “Nankin Row” will be there a point of reference.

Food for thought:

On your left, there is a restaurant called &SONS that serves really, really delicious Italian food. Our GSC team recommends Tagliatelle with Duck Ragù and Foie Gras, Caserecce with Truffle Pesto and Porcini Mushroom andWagyu Beef Ravioli with Roast Jus.

Walk through the underpass and see a huge number 15 on your right (this is staircase 15). Continue walking straight and you will pass by a outdoor bench area on your right.

Keep walking straight

You will see Great Eastern Centre in front of you. At this point, turn to your right  and see a skincare company on your right. We are just a few shops away! Walk straight from here.

You will pass by L’erbolario which retails Natural Italian Beauty Products.

Scent for Thought: L’erbolario is a hot favorite for all the females in our team. The scent of choice for our retail store experience comes from them called “Citrus”. Delightfully refreshing and a real treat for your senses.

Double Tip: If you are looking for a gift to show your appreciation or maybe you just forgot it’s your anniversary & would like to appease the wife, this would do the job.

Walk straight ahead and you will see our GoldSilver Central Banner.

and you have reached our showroom!

Still can’t get here? Give us at call at +65 62229703!

We’ll be happy to guide you here personally.

*Disclaimer: companies featured here are personal opinions of the team. This is not a sponsored ad*

Thursday, 05 October 2017 / Published in Announcements, Blog

It’s the time of the year again!

Our 2018 silver, gold and platinum bars and coins will be coming in soon in batches in the next few months and you can indicate your interest by clicking on the button below:

Here are the products indicated in the form (we will be updating more items into the form as we get news of it):

Item: 2018 Australian Lunar Dog Silver Coin
Denomination: 1kg, 10oz, 5oz, 2oz, 1oz, 1/2oz

Item: 2018 Australian Lunar Dog Gold Coin
Denomination: 2oz, 1oz

 

Item: 2018 Australian Koala Silver Coin
Denomination: 1kg, 10oz, 1oz

     

Item: 2018 Australian Kookaburra Silver Coin
Denomination: 1kg, 10oz, 1oz

Monday, 11 September 2017 / Published in Announcements, Blog

It’s official! We are closed just for this Saturday (16 September 2017) as we are moving to our new office.

Please note that we will NO LONGER BE located at 18 Cross Street #01-24 China Square Central from Monday (18 September 2017) onwards and our NEW ADDRESS is 03 Pickering Street #01-15/16 Nankin Row Singapore 048660.

For more information on our new office, please click here.

 

Wednesday, 30 August 2017 / Published in Announcements, Blog

OUR NEW OFFICE IS ON THE WAY – we got slightly delayed.

Renovation works are being carried out right now to give YOU a better shopping experience and in our bid to make it the best, we caused some delays (oops.)

We’ll definitely let you know when we have officially moved. So stay tuned!

Monday, 28 August 2017 / Published in Blog

The answer is yes.

And not only just Gold; Silver, Platinum and Palladium bullion are safe haven assets as well. During turbulent times such as rising geopolitical tensions in key countries, investors are inclined to seek these metals for their financial portfolio.

Recently, a paper done by Dr. Brian Lucey and Dr. Sile Li from the Trinity Business School was published and examined the following topic: “Reassessing the Role of Precious Metals as Safe Havens – What Color is Your Haven and Why?”. The results?

This article extends previous literature and examines time varying safe haven properties versus equities and bonds of four precious metals (gold, silver, platinum and palladium) across eleven countries. Results suggest that the metals each play safe haven roles; there are times when one metal is not while another may be a safe haven against an asset.”

In sum, precious metals provided protection at different times across countries. No precious metal provides safe haven status consistently, over time or across asset classes. Strong safe haven status is rare. (Li, Sile and Lucey, Brian M. 2017)

To read the full article, please click here.

Li, Sile and Lucey, Brian M., Reassessing the Role of Precious Metals as Safe Havens – What Colour is Your Haven and Why? (February 8, 2017). Available at SSRN: https://ssrn.com/abstract=2906707 or http://dx.doi.org/10.2139/ssrn.2906707

 

Thursday, 24 August 2017 / Published in Blog

Preview of full Precious Metals Bullion Insights Report

To receive the full report of our Precious Metals Bullion Insights on the first working day of each week, please subscribe here:

(We promise there will be no spam but informative insights from our in-house technical analyst team!)

 


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PRECIOUS METALS MARKET REVIEW.

Weekly Spot Price (14 August – 18 August 2017)
  Open High Low Close
Gold 1289.85 1300.61 1267.06 1284.1
Silver 17.07 17.27 16.53 16.93
Platinum 984.08 987.81 950.43 976.58

 

Precious Metals News Updates:

· Gold trades little changed as investors focus on geopolitics, central bank meet. Gold prices were little changed on Monday as investors sought further direction after a week of geopolitical uncertainty in the United States and Europe and ahead of a meeting of central bankers later this week.
· All that glitters is profit in China’s gold mines as demand for safe haven boost precious metal sales. Hedging demand triggered by political uncertainty became the main driver of the periodical increases in gold price.

 

Economic figures to monitor this week:

 

Day & Date Economic Events
Wednesday, 23 August 2017 ECB President Draghi Speaks

New Home Sales (Jul) (US)

Crude Oil Inventories 

Thursday, 24 August 2017 GDP (QoQ) (Q2) (UK)

Existing Home Sales (Jul) (US)

Friday, 25 August 2017 Core Durable Goods Orders (MoM) (Jul) (US)

Fed Chair Yellen Speaks

TECHNICAL ANALYSIS.

Current Market mode*: Trending Up (as defined by daily ADX)
Weekly Short Term Outlook: Up (as defined by weekly CCI Indicators)
Weekly Short Term Outlook Short term cyclical indicators show an upward bias for the week as CCI (3) and CCI (9) continues to hover around the 100 level.
Long term trend: Up (as defined by yearly Moving Averages)
 Long Term Trend The nearest support level is now at USD1082 (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 the market cyclical structure and thus enhances market analysis.

COMMITMENT OF TRADERS REPORT (ANALYSIS)

Reportable positions as of 15/8/2017,

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
32,943 191,174 71,922 114,046 196,453 16,916 80,313 68,019 44,294 35,769
Changes in commitments from 8/8/2017
-424 +13,652 -2,380 +23,283 +29,385 -11,586 +3,188 +2,170 -23 +2,227

                 

OUR TAKE:

Commercials continued to decrease their long positions while increasing their shorts positions by -424 contracts and 13,652 contracts respectively during the period of 8/8/2017 to 15/8/2017. Gold rallied 2% to reach the 1290 level, a level last seen in June. This is the first time in 4 weeks that Commercials increased their shorts position significantly. The last time this happened, Gold rallied as well.

(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.

 

Thursday, 27 July 2017 / Published in Blog

Extracted from World Platinum Investment Council:

An overview of the report:

This article tackles investors’ concern on the negative impact that powertrain electrification would have on platinum demand. Recently, an announcement was made for the Ultra Low Emission Zone in London. This is a plan set to ban sales of new diesel and petrol cars by 2040 to reduce air pollution.

Excerpt from Platinum Perspectives July 2017:

We believe the market is overestimating the negative impact of powertrain electrification (moving to EVs) on platinum demand. We explain why EVs represent only a limited risk to platinum demand (even excluding potential demand upside from Fuel Cell Electric Vehicles, or FCEVs).

Market assumption:EVs don’t contain platinum. Some market participants confuse EVs and Battery Electric Vehicles (BEVs). For example, Volvo’s announcement that it would be producing only ‘electric’ cars post 2019 was significantly misinterpreted by many press sources.

Our view: In fact; Volvo committed to producing only cars that have an electric motor. This will include five new BEVs, the balance being hybrids, which can have gasoline or diesel internal combustion engines, and require platinum group metals (PGMs). Given mild hybrids are expected to gain significant market share, it is likely that most of Volvo’s cars will contain PGMs, post 2019 and in the foreseeable years to come. Different types of EVs have significantly different effects on platinum demand.

Conclusion – most EVs contain PGMs. “Electrification” (e.g. as defined by Volvo) may not have a negative effect on platinum demand. Diesel share is more important; our June 2017 Platinum Perspectives explains why we believe diesel share may be higher for longer.

View the full Report here.

Full credits to World Platinum Investment Council for the Platinum Perspective July 2017 Report.

Tuesday, 25 July 2017 / Published in Announcements, Blog

We are thrilled to announce that GoldSilver Central will be moving to a new retail-office location at 03 Pickering Street #01-15/16 Nankin Row Singapore 048660 in early September 2017.

*Update*: Our moving day is on 16 September 2017 and the office will be closed on Saturday.

For the past 5 years, our old office in China Square Central has served us extremely well. It supported us through our first tradeshow, the expansion of our team and many, many more milestones.

But, we have to keep up with the growing needs of our team and our customers – which mainly led us to the decision of relocating. We know we want to serve you better.

LOCATION FIGURE 1 & 2

GSC New Office Location Figure 2: 15 Pickering Street #01-15/16

GoldSilver Central’s new physical location features a retail storefront for our physical Gold, Silver and Platinum coins and bars collection. In addition, we will be displaying products from our latest venture: GSC Numismatics. 

We are not far away from our old office, just a 5 minutes walk down China Street!

Directions to GSC NEW OFFICE from China Square Central

  1. Exit CHINA SQUARE CENTRAL from the TAXI STAND and walk towards the roundabout drop off point (it will be on your left).
  2. Turn left passing by the roundabout drop off point and walk to the shophouses. You should pass by the basement carpark entrance. CLUB MEATBALL will be right in front (shophouse at the corner).
  3. Walk onto CHINA STREET. Walk all the way straight – You will pass by SUSHI TEI (on your left), YA KUN (opposite) and 7-ELEVEN (on your left).
  4. At the corner of the shophouses before GREAT EASTERN BUILDING, turn Left. (Carpark Entrance will be on your right)
  5. You have reached our new office!

Our new address is 03 Pickering Street #01-15/16 Nankin Row Singapore 048660.

Thursday, 29 June 2017 / Published in Blog

Extracted from World Platinum Investment:

Platinum Quarterly is commissioned by the World Platinum Investment Council and based upon independent research and analysis conducted by SFA (Oxford). It is our intention to publish similar commentary every quarter ensuring greater transparency of the global platinum market and the delivery of regular data to investors.

The next Platinum Quarterly will be published on 6th September 2017.

This eleventh edition of the Platinum Quarterly, published on 15th May 2017, includes Q1 2017 analysis of platinum supply and demand fundamentals. It also gives a view of the global above ground stocks of platinum and an outlook for market fundamentals for 2017.

An overview of this report

This report incorporates analysis of platinum supply and demand during the first quarter of 2017, during which time total mine supply hit 1,330 koz, down 6.3% year-on-year and the lowest since Q3 2014.

  • Today’s report shows that overall platinum supply is projected to fall by 2% year-on-year to 7,330 koz in 2017, with both primary and secondary supply expected to decline.
  • Recycling is projected to fall by 6% year-on-year to 1,760 koz in 2017. Secondary supply from jewellery recycling is projected to decline by 20% year- on-year with recycling trends normalising following unusually large stock flows in China last year.
  • Automotive demand for 2016 and 2017 is revised upward by 45 koz. The revisions reflect higher than expected global vehicle sales with increased loadings, while greater scrutiny of emissions is also believed to be limiting moves to thrift platinum loadings.
  • Global platinum ETF holdings grew by 65 koz in the first quarter, with increases observed across most regions. ETF assets in the quarter were at their highest level since the fourth quarter of 2015. Bar and coin demand during the first three months of 2017 was supported by the minting of 20,000 one- ounce US American Eagle bullion coins in January, all of which were sold in just three days. Overall platinum investment demand is now projected to be 250 koz this year.
  • Global platinum jewellery demand for the quarter increased 3% year-on-year, buoyed by increased Chinese retail sales during the quarter. However, global jewellery demand for 2017 is forecast to slip 1% from 2016, with anticipated declines in China and Japan outweighing gains in India and other regions.
  • The platinum market is expected to be broadly balanced over the year, with a deficit of 65 koz in 2017 predicted. Above Ground Stocks are expected to end the year at 1,885 koz, a 3% fall on 2016, but more than 54% down from 2012.

Please click here to view the full report.

Tuesday, 27 June 2017 / Published in Blog

PRECIOUS METALS MARKET REVIEW.

Weekly Spot Price (19 June – 23 June 2017)
  Open High Low Close
Gold 1253.62 1258.69 1240.65 1255.47
Silver 16.63 16.75 16.31 16.59
Platinum 926.15 933.83 915.9 926.43

 

· Gold Prices Weekly Forecast: Narrow Ranges Likely, Selling Interest On Rallies. Several US economic data release this week may suggest a decisive impact on sentiments surrounding the US economy, the Federal Reserve policy and Gold Prices.
· Gold Plunges After 1.8 Million Ounces Were Traded in One Minute.  Bullion sank at 9 a.m. in London on Monday after a huge spike in volume in New York futures that traders said may have been the result of a “fat finger,” or erroneous order. Trading jumped to 1.8 million ounces of gold in just a minute, an amount that’s bigger than the gold reserves of Finland.
· Gold Miners (GDX) Setting Up For A Big Move Soon. Gold and especially gold mining stocks rebounded on Wednesday and trended higher into the weekend. This is giving some investors renewed hopes that the bull market that began roughly 18 months ago is about to reassert itself.
· Economic figures to monitor this week:
  Day & Date Economic Events  
  Tuesday, 27 June 2017 BoE Financial Stability Report (UK)

CB Consumer Confidence (Jun)

 
  Wednesday, 28 June 2017 Fed Chair Yellen Speaks  (US)

Pending Home Sales (MoM) (May) (US)

Crude Oil Inventories (US)
Fed Interest Rate Decision (US)

 
  Thursday, 29 June 2017 GDP (QoQ) (Q1) (US)  
  Friday, 30 June 2017 Manufacturing PMI (Jun) (CHN)

GDP (QoQ) (Q1) (UK)
CPI (YoY) (Jun)  (EUR)

 

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Tuesday, 13 June 2017 / Published in Blog

PRECIOUS METALS MARKET REVIEW.

Weekly Spot Price (5 June – 9 June 2017)
Open High Low Close
Gold 1279.66 1295.9 1264.38 1265.55
Silver 17.5 17.7 17.11 17.11
Platinum 952.84 967.18 933.86 935.5

Precious metals updates…

· Gold edges up on weaker stocks, dollar ahead of Fed meeting. Gold inched up on Monday as Asian stocks fell and the dollar eased ahead of a U.S. Federal Reserve policy meeting that could give clues on the pace of interest rate hikes over the rest of the year.
· SHARPS PIXLEY Sees A 252 pct Increase In Physical Gold Demand. The elections leading to a hung parliament in the UK have seen a rush into physical gold by investors, as the country slips into a political vacuum. The uncertainty both in the UK and indeed geopolitical concerns across the globe have fed into firmer gold prices which have risen 11 pct so far in 2017 in international markets.
· Economic figures to monitor this week:
  Day & Date Economic Events
  Tuesday, 13 June 2017 CPI (YoY) (May) (UK)
PPI (MoM) (May) (US)
  Wednesday, 14 June 2017 Industrial Production (YoY) (May) (CHN)
Claimant Count Change (May) (UK)
Core CPI (MoM) (May) (US)
Core Retail Sales (MoM) (May) (US)
Crude Oil Inventories (US)
Thursday, 15 June 2017 Fed Interest Rate Decision (US)
BoE Interest Rate Decision (Jun) (UK)
Friday, 16 June 2017 BoJ Monetary Policy Statement (YoY) (JPN)
BoJ Interest Rate Decision (JPN)
CPI (YoY) (May) (EUR)
Building Permits (May) (US)

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