How does being socially responsible and caring for the environment impact our PM purchases?

We have seen the letters “ESG” so much more than before. Now, ESG is the short form of Environmental and Social Governance. I’m sure the question has crossed your mind many times – what has the environment or being socially responsible got to do with me purchasing precious metals?! The main reason ESG is so important right now is that it helps mitigate risks for investors. What risks are involved since we are just purchasing maybe some Silver coins and Gold bars, right? Let’s take a broader view into the factors involved in ESG below:

 

 

 

(Source: https://retailinvestment.gold/en (World Gold Council – Provider Principles)

 

The factors listed to be following ESG greatly impacts our everyday lives, and imagine if you had purchased the items from a non-adherence organisation! What if child labourers mined the gold bars we purchased in bad working conditions and in a country filled with corruption and bribery, and the gold bar suddenly becomes non-LBMA accredited? What would you do with the gold bar? It is always important for consumers like ourselves to check on the accreditations a Bullion Dealer holds and the various hallmarks carried by the dealer to safeguard and be at ease when purchasing. 

 

At GoldSilver Central, we are a current local associate corporate member of the Singapore Bullion Market Association (SBMA) and carry a wide range of physical precious metals products (LBMA-accredited). We are also one of the Regulated Dealers registered under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 (“PSPM Act”). With these, you can be assured that all our products follow ESG guidelines as we continue to move towards impact investing and being socially responsible.
We look forward to meeting you in our retail store soon!

 

 

Wendy