GoldSilver Central would like to take this opportunity to wish our beloved nation a happy and joyous 58th National Day!
As we celebrate the achievements of our great country, let us also reflect on our past and rejoice in the progress that has been made.
From its humble beginnings as a newly independent state, Singapore has grown to become a prosperous and vibrant nation. We have seen much progress in the last 58 years – from its transformation into a modern city-state, to the development of world-class infrastructure and public services.
Happy 58th National Day Singapore!
As Singapore announced tighter Covid-19 measures for 3 weeks termed as Phase 2 (Heightened Alert), GoldSilver Central’s physical retail store remains open during this period and most of our products and services will still be offered and supported by our full GSC team. However more than 50% of our staff will be working from home. Rest assured, we are always available to take on your queries via our web chat, WhatsApp, emails and phone calls during our operating hours.
Clients can place orders via our ecommerce website as usual but please note that payments have to be made within 30 minutes to secure your order due to limited inventory. Visits to our retail stores will be strictly by appointment only and we strongly recommend our clients to place appointments in advance with us in order to secure your preferred date, time and services we offer. In addition, we are providing free consultation to our clients on Zoom if you would like to speak to us in the comfort of your home. Please select “Virtual session” from the “Services” at the appointment page.
For Bullion orders above S$7,500, GSC will provide free local (Singapore) delivery.
If you are looking to sell Bullion or Gold jewellery in this period without leaving the home, we are happy to provide free delivery to pick up your items valued at SGD7500 and above. For more information: https://www.goldsilvercentral.com.sg/blog/looking-sell-gold
Stay home and Stay Safe while purchasing from us!
For more information or urgent matters, please reach us at +65 6222 9703. We thank you for your kind understanding and support as we work together towards minimizing the spread of Covid-19 in our community. Stay safe!
GoldSilver Central
Dear Precious Metals Investors,
We are delighted to announce GoldSilver Central as one of CPM Group’s Silver Webinar and Report distributors and warmly welcome you to attend this important event to be held virtually on 5 March 2021 SG/Beijing Time at 12am (4 March 2021 at 11am EST). The webinar recording will also be made available to those who have signed up for the event.
Join in to learn and gain insights on the Silver Market from CPM Group’s precious metals experts Jeffrey Christian and Rohit Savant as they share their views specifically on the Silver market and its development now.
Highlights for the seminar include:
- Learn about the changes in the market due to the pandemic, economic lockdown and recession, and the dysfunctional political systems globally.
- Understand the changes arising from transformational market structure and liquidity, the rapid shifts of investors attitudes, and the differences in bullion banking and exchange traded fund trading patterns.
- The attempted squeeze in January, reasons for its failure, and the implications for Silver going forward.
Speakers: Jeffrey M Christian, Managing Partner of CPM Group & Rohit Savant, Vice President – Research
Seminar details:
Date: 5 March 2021 SG/BEIJING TIME / 4 March 2021 EST
Time: 12am (GMT+8) / 11am
*All attendee registrants for the webinar will also be entitled to receive the Silver Report for Free
Our retail store will be open from 19th June onwards, but will be by appointments only. This would allow us to better serve you and prevent a queue outside our store during peak hours. Please kindly be on time if you do have an appointment with us as we might have clients who have an appointment after you, thus can only serve you at our next available slot.
Hand sanitizers will be placed around our store for clients, please feel free to use them. We do have disposable masks too and if you require one, please feel free to approach any of our staff and they will be more than happy to pass one to you. All high contact surfaces will be cleaned and disinfected daily. Counters that are open to serve clients are arranged to be at least 1 meters apart.
Please do not be alarmed as all our staff that will be serving you will don a face mask and a face shield. This is to protect our clients and staff to ensure a safe environment for everyone.
Thank you and stay safe everyone!
Dear valued Clients,
Hope you all have been well and have stayed safe and stayed home during the Circuit Breaker in Singapore and similar measures all over the world. GoldSilver Central will be allowed to resume operations on June 2nd albeit not all our services as it seems. According to the guidelines provided by the Government, our retail store will remain closed to walk ins and browsing. We are seeking clarifications with the authorities if self pick up of orders and the selling back of bullion/scrap jewellery by appointments are allowed. We will update again when we receive a reply.
Both of our SSIC (Singapore Standard Industrial Classification) codes allow us to open but there are other guidelines that we might need to adhere to hence we needed clarifications. Please refer below for the guidelines provided by Enterprise Singapore and Ministry of Trade and Industry.
https://www.enterprisesg.gov.sg/covid-19/safe-distance#RE
https://covid.gobusiness.gov.sg/permittedlist/
Thank you for your kind patience and support during this period. Stay home and stay safe! We will keep you updated!
Best regards,
Brian Lan
Managing Director
If you are looking to sell away your Gold (Bullion & Jewellery), GoldSilver Central is happy to announce that we are providing free delivery to pick up your items valued at SGD$7500 and above!
To give our valued clients a better understanding of the process flow, here are the procedures:
1. Kindly provide us with your name, contact number and submit a clear photo of your items through Whatsapp or Email. Our dedicated staff will get in contact with you shortly.
2. Please note that we do not buy back any non-gold items such as stones that are embedded in the jewellery, the weight of these stones’ will be estimated and deducted off from the final weight of your items. All of the mentioned stones will be disposed off. If you have the intention to take the stones back, please note that we have no guarantee of the condition and will not be held accountable for any damage during the dismantling process. Clients will have to do a self-collection of the stones. Our team will inform the respective clients when it is ready for collection and clients can then place an appointment with us before collecting it from our office.
3. Complete the following form: Onboarding Form
4. You will receive an email advising you of the day your items will be picked up, tracking number/document for your shipment along with a shipping label. Kindly pack your items in a box/envelope, ensure that there is sufficient protection for your items by filling the box/envelope with fillers (eg. Newspaper, styrofoam etc). Seal the box , print and paste the shipping label on it. Pickups for you items will be before SGT 1200 on the respective date.
5. We will update you once we received your items and begin the process of weighing and authentication.
- Weighing of your gold bars and/or coins
- Authenticating the bullion’s purity through a Magnetic Value Test
- Once this is completed, your dedicated salesperson will quote you the buyback price based on the prices at that point in time (an image of the buyback price stamped with the time and date will be provided)
- Weighing the gross weight of your jewellery (along with non-gold items eg. Stones or parts)
- Authenticating the jewellery’s purity through XRF ( X-Ray Fluorescence Gun), images of the check will be sent to you IF the purity of respective jewellery pieces is lower than your expectations.
- We will record down the final purity breakdown and respective weights.
- Once this is completed, your dedicated salesperson will quote you the buyback price based on the prices at that point in time.
6. Once the prices are confirmed, we will raise a Purchase Order for your items. This Purchase Order will be emailed to you and you will have to sign on this digitally.
7. An immediate bank transfer will be done once we have received your signed copy of Purchase Order.
*Note: After all the processes mentioned are being done, client will have to bear the cost of all logistic costs for BOTH the pick up and return if the client decides not to proceed with the sale.
GoldSilver Central
One common question we have from you is if there is a solution to catch your desired price for selling your precious metals holdings to us.
Today, we will share how you can use our services to never miss out on cashing out on high prices for your bullion under a pooled allocated storage arrangement.
Solution A is for you if you are an investor who
- Wants an automatic arrangement for selling your bullion
- Knows the price level you want to sell your bullion at (Eg: I want to sell my 1kg Gold Bar at SGD 65500)
- Wants a straightforward method with minimal effort.
Here’s how it works:
- Bring your bullion you wish to sell to us during our operating hours where we will authenticate it.
- Your bullion will be stored with us under a pooled allocated arrangement (simply means that your bullion will be deposit into our holdings)
- Let us know what your specific selling price for your metals is. (For example: I want to sell my 1kg Gold Bar when it reaches SGD 65500).
- And it’s done! When spot BID prices have reached your desired selling price, it will automatically be sold.
- You will receive the proceeds via a Bank Transfer*
*we do need to onboard you as a client which means we need your NRIC and the header of your Bank Statement (reflecting the Name and Account Number). Please omit other sensitive information
- Wants full control of when you want to sell your holding
- Wants to sell your holdings bit by bit (For example, if you have a 100oz Silver Bar, you don’t have to sell 100oz at one go, but you can sell in 5oz sizes
- Want to set your own Sell Limits (Automated Feature)
Here’s how it works:
- Bring your bullion you wish to sell to us during our operating hours where we will authenticate it.
- Your bullion will be stored with us under a pooled allocated arrangement (simply means that your bullion will be deposit into our holdings)
- Unlock the Full GSC Live! Account Features with us by clicking here. This can be done before or during your visit.
- We will deposit the total weight of your metals into your GSC Live! Account.
- Login to your account under the “MetaTrader4” app in “GoldSilverCentral-Live” server.
- You can set Sell Limits to automatically trigger your desired selling prices or you can start selling your holdings whenever your desired prices are reached
Have more questions on the arrangements?
Drop us an email or a call and we’ll be happy to share more information with you!
Collection will only be available for pick up after the 1st June 2020 or the end of the Circuit Breaker period, whichever comes later. For clients who have arranged for collection after the 4th May 2020, we regret to inform you that this is no longer possible. Delivery options continue to be explored and will also only be able to be arranged after the Circuit Breaker period.
Current Collateral Loans will still continue to be serviced during this period.
We have also revised our policy earlier in April and would like to gently touch on them.
During the Circuit Breaker, we will not be able to take delivery of your bullion so clients can decide based on the 2 options how they would like to sell their Gold/Silver/Platinum.
Clients continue to still be able to place orders via our online store. Do note that full payment is required within 30 minutes of the order as on-site physical inventory is limited. For orders above our online store limit (S$8,200), a minimum of 50% advance payment will be required and clients may reach out to our Sales Team to perform the buy transactions.
As we previously emphasized, there is no shortage of Gold or Silver in the world. The current squeeze in physical precious metals is due to the supply chain being affected by Covid-19 measures implemented globally. Hence premiums for physical precious metals have increased substantially. Clients can consider products such as Perth Mint Certificate Program, GSC savings accumulation Program and GSC Live! as these products will allow you to lock in current metal prices at minimum mark ups and narrower spreads.
Brian Lan
Managing Director
GSC Live! will not be affected during this period and in fact this would be a good time for clients to benefit from the volatility in the precious metals market, 24 hours, 5 days a week with minimal mark ups as compared to physical bullion during this current global squeeze due to the Covid-19 supply chain disruptions.
Clients will still be able to transfer in or out, buy and store or sell from their holdings during this period.
Clients on GSAP need not worry as this program will still continue to accumulate precious metals for you throughout this period.
PMCP will still be offered and this program is appealing during this period as clients will only need to pay 2.25% above Perth Mint spot prices to own offshore Government Guaranteed precious metals!
During this period, clients will need to send us a 20% deposit before we will be able to lock in the buyback price of your bullion. Please send us an image of your bullion via email attachment or WhatsApp before confirmation of buyback prices.
Scrap jewellery buybacks will be suspended during this period as we are unable to authenticate the purity of the used jewellery.
New collateral loans will be suspended during this period. Current collateral loan clients will still be able to renew, redeem or sell their holdings. Note that physical collection and physical collateral ticket can only be issued after this period.
Brief Update: Latest Update on Global Shipments
Tuesday, March 31, 2020
10:27 AM
Global airlines have grounded their fleet and more are following suit. How does this translate to precious metals markets? And probably other markets as well?
As most of us are acutely aware, there is no actual shortage of Silver in the market. It is simply a case of demand exceeds supply drastically, and with more airlines grounding their fleet, this situation does not seem to be easing anytime soon.
Physical Premiums for immediate physical delivery of precious metals has continued to increase for the past week. Most significantly, we have seen premium costs for Silver increase exponentially. Costs per oz for bars and coins have increased by more than 200.00% thus far.
That being said, GoldSilver Central Pte Ltd maintains healthy supply lines and has recently brought in Silver Precious Metals to our retail shop. More will be brought over to the retail shop in batches and clients need not worry about not being able to purchase physical precious metals if they so choose to.
Food For Thought: Covid-19 has been described as “the black swan of 2020”. And we all know that in tough times lie opportunities. The true question is, how can investors position themselves with the available tools to grasp these opportunities.