Please enter your email and password to login

CREATE AN ACCOUNT FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!

Please fill in the necessary fields(*) to create your account

ALREADY HAVE AN ACCOUNT?




Please select reCaptcha
ALREADY HAVE AN ACCOUNT?
GSC 10AM REFERENCE PRICES
|
GOLD 1 OZ:      SGD 4296.35
|
SILVER 1 OZ:      SGD 42.79
|
PLATINUM 1 OZ:      SGD 1297.71
|
Updated: 09/05/2025 10:00 AM

GoldSilver Central Pte LtdGoldSilver Central Pte Ltd

GoldSilver Central Pte Ltd

We are a Singapore registered company that specialises in physical bullion trading in Gold, Silver and Platinum at real-time pricing, completed with a whole array of services.

+65 6222 9703 | Mon to Fri: 10am to 5.45pm | Sat: 10am to 12.45pm
Email: [email protected]

GoldSilver Central Pte. Ltd.
3 Pickering Street #01-15/16 Nankin Row Singapore 048660

Open in Google Maps
+65 6222 9703 | Mon to Fri: 10am to 5.45pm | Sat: 10am to 12.45pm
SGD | USD
  • MY CART
    No products in cart.
  • SIGN UP
  • LOGIN
  • HOME
  • SHOP
    • GOLD
      • Gold Bar
      • Gold Coin
    • SILVER
      • Silver Bar
      • Silver Coin
    • PLATINUM
      • Platinum Bars
      • Platinum Coins
    • NUMISMATICS
      • Pre-1933 US Gold Coins
      • Morgan Silver Dollars
      • Peace Silver Dollars
    • PROOF COINS AND BARS
      • Silver Proof Coins & Bars
      • Austrian Mint Collector Coins
    • GSC EMOTIONALS
      • Austrian Mint Kissed Awake Jewellery Collection
      • Degussa Emotional Products Collection
    • Pre-Orders
    • PRELOVED GOLD JEWELLERY
    • MEMBERSHIP
    • INSTITUTION/CORPORATE CLIENT SERVICES
  • SPECIALS
    • Events Schedule
  • SERVICES
    • Only Government Guaranteed Precious Metals Accumulation Program in the World
      • Perth Mint Certificate Program
      • Perth Mint Depository Online
      • FAQ
    • The Cash You Need while Retaining your Metals Ownership
      • Collateral Loan Program
    • GSC Allocated Storage Program
      • GSC Bullion Storage Program
      • Storage Charges
      • Pick and Store Package for Bullion Transfer & Storage
      • FAQ
    • NUMISMATICS
  • SELL GOLD JEWELLERY
    • Sell Gold Jewellery for Best Prices
    • Selling Gold Jewellery to us: FAQ
    • Buy Pre-Loved Gold Jewellery
  • GSAP
    • GSC Savings Accumulation Program
    • GSAP FAQ
  • GSC Live!
    • About GSC Live!
    • GSC Live! User Guide (Desktop)
    • GSC Live! User Guide (Mobile)
    • GSC Live! FAQ
  • ABOUT
    • The Company
      • About us
      • Vision and Values
      • Our Showroom
      • Our Team
      • Career
    • PRESS CENTRE
      • Press Kit
      • Press Releases
      • Press Mentions
    • CUSTOMER SERVICE
      • 10th Anniversary E-book
      • Frequently Asked Questions (FAQ)
      • Agreement & Policies
      • Resources
      • Video Resources
      • Payment Methods
    • INSIGHTS
      • GSC Morning Call
      • Blog
  • GSC 10AM REF PRICES
  • CONTACT
    • Contact Us
    • Getting Here
  • ACCOUNT
    • My Account
    • My Cart
    • Payment Methods
    • My Price Notifications
  • Home
  • Blog
  • Blog
  • Dollar-Cost Averaging and How It Helps Investors
 
GoldSilver Central Team
Wednesday, 08 December 2021 / Published in Blog, General

Dollar-Cost Averaging and How It Helps Investors

There are 2 types of dollar-cost averaging, reading on can help determine which type of dollar-cost averaging is being used by yourself.

We understand that dollar-cost averaging works as the name says it, averaging out the price with every purchase you make, using a fixed amount of money per day to make purchases. For example, spending S$3 per day for 6 days to buy apples.

Below is an illustration to better help you understand the benefits of Dollar-Cost Averaging:

 

When you average out the price paid per apple, you now pay only S$1.20 per apple, across all the 15 apples you bought, regardless of how much they cost right now. It is a win-win situation, as you now have the apples you wanted, without needing to take note of how much they cost each day, and are still able to buy as many as possible, using the same amount of money each day, but bought at different price levels.

Sounds good, right? Another type of dollar-cost averaging is considered more to be averaging the value more than dollar as you only buy when you think the price is low. Below is an illustration on averaging the value across 6 days, using S$6 every time you make a purchase, with a total budget of S$18, assuming you only wish to purchase the apples when you think the price is the current low:

Using the same S$18, an apple now costs S$1.29 if I were to use the value averaging method, as I only purchase at the price which I think is the lowest low, and did not make a purchase when I think the price is not at a satisfactory low (even when it became even lower than the previous day, I did not make a purchase for fear that the price may go higher.)

Using the illustration above, I did not make a purchase on Days 2, 3, and 6 even when the prices are low, as my own analysis and observation stopped me from making the purchase, as well as the constant market watching did not allow me to immediately buy in at that price level, and the risk of not being able to buy on time is there (i.e. rushing down to the fruit stall to make a purchase after seeing the low price however, the price may suddenly change due to the supply and demand of the apple).

I personally prefer the Dollar-Cost Averaging methodology in the long-run as it helps to average out my monthly costs, based on daily purchases. This way, I also do not have to worry about rising or falling prices, I will have the apples that I want daily, with the price being spread out.

Have you managed to decipher which type of dollar-cost averaging method you have been using based on our above illustration? 😉

Watch this space, as we share more on when should we be using the dollar-cost averaging methodology for investments.

 

 

 

Wendy

What you can read next

Latest updates from GoldSilver Central for Phase 2 (Heightened Alert)
Bullion Insights for the week of 27 June 2017
Jewellery hallmark shows 916? How can I ensure I get what I pay for?

Leave a Reply

Your email address will not be published. Required fields are marked *

OPT-IN TO OUR WEEKLY MARKET & TECHNICAL ANALYSIS OF GOLD

    Join our Bullion Insights List to receive weekly technical analysis on Gold. Recipients will only receive weekly reports and nothing else from this list!







    Categories

    Recent Posts

    • 28 March 2025 – GSC Morning Call

    • 27 March 2025 – GSC Morning Call

    • 24 March 2025 – GSC Morning Call

    • 21 March 2025 – GSC Morning Call

    • 20 March 2025 – GSC Morning Call

    GoldSilver Central Pte Ltd (UEN: 201107187N), 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. 

    MEMBER OF

    CUSTOMER

    • Physical Bullion
    • GSC Bullion Storage Program
    • Collateral Loan
    • Sell Gold Jewellery to GSC
    • GSC Live!
    • GSC Savings Accumulation Program
    • Perth Mint Certificate Program
    • Perth Mint Depository Distributor Online (PMDDO)

    COMPANY

    • About us
    • Press Centre
    • Blog
    • Agreement & Policy

    FOLLOW US

    • Facebook
    • Twitter
    • Eventbrite
    • Instagram
    • YouTube
    • TikTok

    OPENING HOURS

    Monday to Friday:
    10:00am - 05:45pm

    Saturday:
    10.00am - 12.45pm

    RETAIL STORE

    3 Pickering Street #01-15/16
    Nankin Row
    Singapore 048660

    HOTLINE

    [email protected]
    +65 6222 9703

    SUBSCRIBE TO OUR NEWSLETTER!

    Be the First to Know about Promotions (Like Flash Sales & Events) and News!

    EASYSENDY.com

    © 2024 All rights reserved. GoldSilver Central Pte. Ltd.
    UEN: 201107187N
    TOP
    • Place an appointment!
    × WhatsApp us!
    Dear Valued Clients, please place an appointment before you visit our retail store for us to serve you better!
    Place an appointment
    This is default text for notification bar
    Learn more
    This is default text for notification bar
    Learn more
    • HOME
    • SHOP
      ▼
      • GOLD
        ▼
        • Gold Bar
        • Gold Coin
      • SILVER
        ▼
        • Silver Bar
        • Silver Coin
      • PLATINUM
        ▼
        • Platinum Bars
        • Platinum Coins
      • NUMISMATICS
        ▼
        • Pre-1933 US Gold Coins
        • Morgan Silver Dollars
        • Peace Silver Dollars
      • PROOF COINS AND BARS
        ▼
        • Silver Proof Coins & Bars
        • Austrian Mint Collector Coins
      • GSC EMOTIONALS
        ▼
        • Austrian Mint Kissed Awake Jewellery Collection
        • Degussa Emotional Products Collection
      • Pre-Orders
      • PRELOVED GOLD JEWELLERY
      • MEMBERSHIP
      • INSTITUTION/CORPORATE CLIENT SERVICES
    • SPECIALS
      ▼
      • Events Schedule
    • SERVICES
      ▼
      • Only Government Guaranteed Precious Metals Accumulation Program in the World
        ▼
        • Perth Mint Certificate Program
        • Perth Mint Depository Online
        • FAQ
      • The Cash You Need while Retaining your Metals Ownership
        ▼
        • Collateral Loan Program
      • GSC Allocated Storage Program
        ▼
        • GSC Bullion Storage Program
        • Storage Charges
        • Pick and Store Package for Bullion Transfer & Storage
        • FAQ
      • NUMISMATICS
    • SELL GOLD JEWELLERY
      ▼
      • Sell Gold Jewellery for Best Prices
      • Selling Gold Jewellery to us: FAQ
      • Buy Pre-Loved Gold Jewellery
    • GSAP
      ▼
      • GSC Savings Accumulation Program
      • GSAP FAQ
    • GSC Live!
      ▼
      • About GSC Live!
      • GSC Live! User Guide (Desktop)
      • GSC Live! User Guide (Mobile)
      • GSC Live! FAQ
    • ABOUT
      ▼
      • The Company
        ▼
        • About us
        • Vision and Values
        • Our Showroom
        • Our Team
        • Career
      • PRESS CENTRE
        ▼
        • Press Kit
        • Press Releases
        • Press Mentions
      • CUSTOMER SERVICE
        ▼
        • 10th Anniversary E-book
        • Frequently Asked Questions (FAQ)
        • Agreement & Policies
        • Resources
        • Video Resources
        • Payment Methods
      • INSIGHTS
        ▼
        • GSC Morning Call
        • Blog
    • GSC 10AM REF PRICES
    • CONTACT
      ▼
      • Contact Us
      • Getting Here
    • ACCOUNT
      ▼
      • My Account
      • My Cart
      • Payment Methods
      • My Price Notifications

    EASYSENDY.com