Due to the Covid-19 pandemic, several countries around the world were in lockdown to curb its spread, this led to consumers spending less and saving up more this period. Where can we deploy our funds to weather the uncertainties in the economy? How do we buy into safe haven assets such as precious metals?
And who can we trust?
Precious metals unfortunately is an asset favored by scammers, con artists as its value is well recognized globally. Then how do we navigate this minefield and know who to trust?
Look for dealers and storage partners who have weathered through multiple bull and bear markets and are regulated by the local government bodies or have membership to the relevant associations in their country or in their region they are located in. This will further ascertain their credibility and standing within their fieldOne of the storage options GSC would highly recommend are those being offered by the Perth Mint. With more than 100-years of experience in the business and the only precious metals accumulation program with a Government-Guarantee; this is a private banking product that is now offered to all clients!
The Perth Mint Certificate Program (PMCP), makes it affordable to own Gold, Silver, and Platinum with the world’s only Government-Guarantee! Better still, they have solutions without storage fees!
With the rapid rate of digitalization, investors now prefer online solutions that they can manage and execute themselves even for asset transactions. The Perth Mint Depository Distributor Online (PMDDO) with the same Government Guarantee as the PMCP, answers that need. PMDDO has a much lower minimum transaction size and allows client to purchase, sell, store, and deliver Gold, Silver and Platinum online 24/5.
GoldSilver Central is a homegrown company established since 2011, is honored to be the only authorized distributor in Singapore to provide investors with access to the PMCP and PMDDO.
If you have more queries on the standards in the precious metals industry and trying to know who are the dealers and storage partners you can trust, you may look into:
London Bullion Market Association (LBMA) who work closely with the precious metals stakeholders and set the standards for the industry; and Singapore Bullion Market Association (SBMA), similar to SBMA but their focus is more on Singapore and the Asia market.