One important reason to own a Storage account

GoldSilver Central’s Bullion Storage Program created since 2012 has continued to serve our clients very well. Located at Changi Le Freeport, a tax-free zone in Singapore, it is now considered amongst the safest area in Singapore.

 

Today, as part of our Storage month highlights, we shall highlight one important reason to have a Storage Account

 

Better manage your risks. 

 

We know that proper management of risks is important in building your wealth portfolio.

 

Major unforeseen events like Covid-19 should give us a renewed respect for unpredictable catastrophic events and its possible impacts on our portfolio. For instance, a client who lives in Malaysia declines to store his precious metals in Singapore and instead stores it at his home safe, as he can cross over to Singapore very quickly if he ever needs to sell his holdings. Covid-19 hits and suddenly countries are on lockdown and borders are closed. Good luck trying to travel across to sell your precious metals. That is not going to happen.

 

Also consider a situation where a black swan event occurs and silver prices are skyrocketing, the market is going into a frenzy, and you are keen to bring your silver holdings into a bullion dealer for a valuation and sellback. Chances are the majority of the market will be looking to do the same thing and you suddenly find yourself jostling amongst others and trying to sell your silver at the highest possible price before the prices drop. Again, throw in Covid-19 into the above situation when many countries went into lockdown, and you could not even travel outside your home for non-essential purposes. (I may be wrong, but I highly doubt “I have to sell my silver before prices drop again” will pass as an essential purpose in the eyes of the law.)

 

During these times, you can clearly see the benefits that having your precious metals holdings stored with a trustworthy and reputable dealer like GoldSilver Central. For your reference, no storage customers of GoldSilver Central faced any issues in their transactions with us even as they are unable to travel due to Covid19 restrictions.

 

GoldSilver Central has built up an intensive network of trusted and international partners over the years. By building up such an extensive network, we can ensure constant liquidity, regardless of market conditions. Also, we are better positioned to negotiate with refineries and to buy / sell excess in the market compared to an individual investor looking for a single sell transaction. May I take this chance to also add that we have our GSC Live! Platform where clients can lock in their buy/sell prices on their physical precious metals on their own mobiles, instead of having to try calling in to GSC together with the hordes of people who probably have the same intention to try and sell their precious metals then.

 

That’s it for today, we’ve explored one of the reasons of having a Storage Account with GoldSilver Central. In our next article special, we’ll dive deeper into the fees of the Storage Account. Till then, stay safe!

 

(If I may just add a personal plug, for investors interested to understand more about “black swan events”, read <<The Black Swan by Nassim Taleb>>)

 

Manage your risks now. 

 

Jason