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GSC 10AM REFERENCE PRICES
|
GOLD 1 OZ:      SGD 2514.04
|
SILVER 1 OZ:      SGD 29.59
|
PLATINUM 1 OZ:      SGD 1212.85
|
Updated: 04/10/2023 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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  • Why do precious metals cost more than base metals?
 
GoldSilver Central Team
Thursday, 11 August 2022 / Published in Blog, General

Why do precious metals cost more than base metals?

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Did you know that there are 118 elements in the periodic table, and around 92 of them are metals. What do you think separates Precious Metals from base metals?

Come, let’s explore the differences between these types of metals today.

 

As its name suggests, Precious Metals are scarce. Commonly known as Gold, Silver or Platinum these metals are also highly durable and often used in the production of fine jewelry as well as in industrial capacities.

Historically, gold was used as a form of exchange way before the introduction of fiat currency.

In contrast, base metals are cheap, abundant and can be easily sourced. Examples of base metals include copper, lead, nickel, zinc and aluminum. Also, base metals are not corrosion resistant and are easily tarnished. In the US, corroded pennies are a common sight these days.

 

How to invest in precious metals and base metals?

There are several ways for anyone to invest in Precious Metals such as physical bullion, future contracts or Exchange Traded Funds (ETFs). The most secure way is owning a physical bullion as there are no counterparty risks involved. The owner can directly sell or trade it anywhere in the world.

For base metals, investors can trade its future contracts or through Exchange Traded Funds (ETFs). Both are cost effective, transparent and convenient ways to invest in base metals. You also don’t need to worry about storage. The costs for production (premiums) are also excluded from the ETFs.

Precious Metals (as they are highly liquid) will have thinner spreads as investors are always on the lookout to purchase them for the best price. On the other hand, base metals have a wider spread as they are illiquid when compared to Precious Metals such as Gold or Silver.

A wider bid/ask spread is an indirect cost in trading, especially for huge orders. A wider spread will equate to a higher premium for investors. To minimize volatility, using a limit order is a better option. GSC Live! allows you to place a limit order at your desired price with narrower spreads anytime, anywhere!

Read more about GSC Live!

 

Hopefully, this article has given you a basic understanding of the differences between Precious Metals and base metals. If you are interested in investing, buying or selling Precious Metals, feel free to reach out to us as we carry a wide range of LBMA accredited Gold, Silver and Platinum bullion that can help you diversify your investment portfolio.

 

Evonne

 

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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