Buy A Physical Gold Bar or Accumulate via GSAP?

One question that most people ask would be – is it better to buy physical Gold Bars now that the price has dropped? There is no absolute yes or no, as the price may be even lower tomorrow. If you prefer seeing and holding on to a physical precious metal, purchasing the physical item would be a better choice but does it help in diversifying your price risk?

A good way to diversify your price risk would be to accumulate pool-allocated Precious Metals (Gold, Silver, and/or Platinum) with GSC Savings Accumulation Program (GSAP). GSAP works by dollar-cost averaging your investment amount. For example, if you invest S$100 to accumulate Gold every month, GSAP will split the S$100 into business days, and buy into Gold regardless of the price. As  the Precious Metals accumulated daily are physically deliverable, you can also take physical delivery of your pool-allocated holdings and own a physical item.

Using the dollar-cost averaging methodology may not get you the lowest price but will definitely help in reducing your risk of buying at a high price. Also, by using the dollar-cost averaging methodology, it is convenient and puts your mind at ease, knowing that you are buying in everyday, without the need to worry about price. When you have decided to make your first move in investing in precious metals, I’m sure many have thought about price risk reduction, and this is one way you can consider GSAP to own precious metals to help reduce and diversify risks in your investment portfolio.

To find out more about GSAP, you can head over to our website here. You can also reach us at [email protected] or call +65 6222 9703 to enquire more about this program!

Wendy