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GSC 10AM REFERENCE PRICES
|
GOLD 1 OZ:      SGD 4188.41
|
SILVER 1 OZ:      SGD 42.85
|
PLATINUM 1 OZ:      SGD 1307.76
|
Updated: 17/05/2025 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

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+65 6222 9703 | Mon to Fri: 10am to 5.45pm | Sat: 10am to 12.45pm
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  • Gold vs Inflation
 
GoldSilver Central Team
Thursday, 19 May 2022 / Published in Blog, General

Gold vs Inflation

Since the Russia-Ukraine invasion, Gold experienced a magnificent roller coaster ride, and we witnessed a wave of physical gold holders selling their yellow metal to cash out at another historical high price of nearing US$2,040/oz. At the same time, investors and retail sales were outweighed by a jump in demand, led by a surge in new first-time buyers as prices hit new or near all-time highs against the world’s major currencies amid worsening inflation and Russia’s Invasion of Ukraine.

 

 

As global economics battle with the after tremors of Covid-19 in the form of inflation, Singapore’s annual inflation rate accelerated to 4.3% in February 2022 from 4.0% in the previous two months. As inflation runs rampant, what does that mean for us? Soaring prices for food, transport services, fuel, groceries, literally everything is pricier.

On the ground, we are witnessing an influx of buyers with the intent to hedge using both gold and silver bars. Interestingly, even with various agendas behind the buying spree, most buyers concurred that physical hedging is essential in times like this.

Do you think that gold is going to go up indefinitely? Probably not. You hold an asset in your portfolio as ballast, as downside protection. It doesn’t pay any dividends, much like bitcoin. You are not holding it for its lack of volatility through time.

Gold is said to stand for many things, and some widely misunderstand it as an actual store of value: protection of wealth. Its price can be argued as many things, but what it could stand for:  an insurance policy. How much exactly are you insured in your portfolio?

 

 

Mindy

 

What you can read next

Buy A Physical Gold Bar or Accumulate via GSAP?
Price of physical Silver decouples from Silver spot prices
Bullion Insights for the week of 12 June 2017

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    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. 

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    • 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