Precious metal prices, like Gold, Silver, and Platinum, often oscillate between trending and cyclical phases, creating distinct opportunities and challenges for traders. Understanding these dynamics is crucial for aligning your strategy with the prevailing market environment. Here’s an in-depth look at how these phases operate and how traders can use them to their advantage.
Trending Phases
In trending phases, precious metal prices move in a clear and sustained direction—upward in bullish trends or downward in bearish trends. These movements are influenced by economic details, including:
- Interest Rates: Changes in central bank policies, such as rate hikes or cuts, directly impact precious metals, which are non-yielding assets.
- Macroeconomic Data: Inflation reports, employment data and GDP growth often set the tone for the metals market.
- Geopolitical Events: Global uncertainty, like wars or trade disputes, tends to favor safe-haven assets like gold.
While economic factors influence market sentiment, price movement ultimately depends on the underlying buying or selling action. These phases vary in sustainability and depending on the horizon of the trade, different metrics should be used to derive the outlook.
Cyclical Phases
Cyclical, or range-bound, phases occur when precious metal prices fluctuate between well-defined support and resistance levels. These phases often suggest a balance between buyers and sellers, leading to indecision in the market. Key characteristics of cyclical markets include:
- Repetitive Movements: Prices oscillate within a specific range, often without a clear direction.
- Market Consolidation: These periods are often precursors to a breakout in either direction.
- Neutral Bias: There is no strong preference for upward or downward movements, making directional strategies less effective.
Trading a trending strategy in a cyclical market can lead to losses, as the lack of directional momentum results in false signals. Instead, range-bound strategies are better suited for these phases.
Insights from the GSC Morning Call
At GSC Morning Call, we provide daily insights to help traders navigate these phases effectively. Our analysis includes:
- Identifying Market Phases: Determine whether the day’s price action is likely to be trending or cyclical.
- Defining Bias: Highlight the underlying bias within each phase to guide trading strategies.
- Support and Resistance Levels: Offer indicative levels for planning entries and exits, minimizing risk.
By combining these insights with broader trend analysis, traders can position themselves to capitalize on opportunities while mitigating risks.
Want to know more?
Contact us via email (enquiry@goldsilvercentral.com.sg) or WhatsApp (+65 6222 9703) to receive actionable analysis that empowers your trading decisions. Let us help you navigate the complexities of trending and cyclical markets with confidence.
Gold prices experienced a substantial surge of 13.36% or US$310.44/oz in Q3, notching multiple new all-time highs, closely aligning with our projection released on 1 July 2024. As we transition into Q4 2024, our proprietary system indicates that Gold retains its cyclical uptrend, with the bulls firmly in control. There is a strong likelihood that bulls will retest the supply strength at the US$2,685/oz level, which represents the current all-time high for Gold, potentially setting new records.
Silver prices also rose throughout Q3, climbing 7.07% or US$2.06/oz, marking its fourth consecutive quarterly increase, in line with our projections. Looking ahead to Q4 2024, our system shows that Silver prices will continue to trend higher. Bulls have identified US$32.70/oz as the next target, reflecting the high for Silver in 2024.
Our system suggests that if the precious metals market maintains its uptrend this quarter, Gold may outperform Silver in terms of price movement.
Platinum prices ticked down slightly in Q3, declining by US$13.18/oz or 1.32%. However, Platinum remains within the established range of US$850/oz to US$1,100/oz, a band that has persisted since Q3 2021. As we move into Q4 2024, our system projects that Platinum prices will remain within this range, but with an upside bias. Bulls are targeting US$1,100/oz, the high for Platinum in 2024.
Please feel free to contact us if you require additional information or have any further questions regarding our Q4 outlook for precious metals. We are always available to assist you and wish you a successful trading experience!
Why is Dollar Cost Averaging a crucial strategy during times of market volatility and how it can fortify your Precious Metals Investments.
Investing can be a daunting task, especially when faced with the unpredictable nature of the market. The fear of buying high and the uncertainty of when to invest often paralyze even the most seasoned investors. Enter dollar cost averaging (DCA), a simple yet powerful strategy that can help you navigate market volatility and achieve long-term success.
What is Dollar Cost Averaging?
Dollar cost averaging is an investment strategy where you consistently invest a fixed amount of money at regular intervals, regardless of market conditions. Whether the market is up or down, the same amount of money is invested, allowing you to purchase more shares when prices are low and fewer shares when prices are high. This approach reduces the risk of making a poorly timed investment and helps smooth out the impact of market volatility.
Benefits of Dollar Cost Averaging
- Reduces Market Timing Risk: Trying to time the market—buying when prices are low and selling when they’re high—is particularly difficult. Even seasoned investors struggle with predicting market movements accurately. Dollar cost averaging eliminates the need to time the market. By spreading out your investments over time, you reduce the risk of making a significant investment right before a market downturn.
- Moderating Emotional Investing: Market fluctuations can trigger emotional reactions, leading to impulsive decisions like panic selling during downturns or overbuying during booms. DCA encourages a disciplined approach to investing, helping you stick to your plan even when the market gets turbulent.
- Encourages Regular Investing: One of the biggest challenges for investors is simply getting started and staying consistent. DCA makes it easier to establish a regular investment habit. By committing to invest a set amount each month, you progressively build your portfolio without the pressure of finding the “perfect” time to invest.
Dollar Cost Averaging vs. Lump-Sum Investing
While DCA involves gradually investing over time, lump-sum investing is the practice of investing a large sum of money all at once. Each method has its advantages. Lump-sum investing may yield higher returns in a rising market, as more money is invested earlier. However, it also exposes the investor to greater risk if the market declines soon after the investment is made.
DCA, on the other hand, spreads out the investment, reducing the impact of short-term market fluctuations. This makes it particularly appealing to risk-averse investors, those entering the market during uncertain times or for those who are just starting to invest in the market.
Real-Life Examples of Dollar Cost Averaging:
- Long-Term Gold Investment from the Early 2000s
– Scenario: In the early 2000s, gold was trading at around $250-$300 per ounce, a period when it was largely out of favour among mainstream investors. However, some investors believed in the long-term value of gold as a hedge against inflation and currency devaluation.
– Dollar Cost Averaging Strategy: A long-term investor decided to purchase a fixed amount of gold every month starting in 2001. Despite fluctuations in gold prices, they continued to accumulate gold consistently over the years.
– Outcome: By 2011, gold had reached an all-time high of nearly $1,900 per ounce. The investor, who had been accumulating gold steadily for a decade, had amassed a significant quantity of gold at an average price well below the peak. The appreciation in gold prices led to substantial gains, illustrating the effectiveness of DCA in building wealth over the long term.
- Post-2020 COVID-19 Pandemic
– Scenario: The onset of the COVID-19 pandemic in 2020 led to unprecedented economic uncertainty. Gold and silver prices surged as investors flocked to safe-haven assets, but prices were highly volatile.
– Dollar Cost Averaging Strategy: An investor began a precious metals accumulation plan in early 2020, contributing monthly to buy both gold and silver. Despite the high volatility, they remained consistent with their purchases.
– Outcome: As the pandemic progressed, gold reached new highs in mid-2020, while silver also experienced significant gains. The investor’s strategy of regularly investing in both metals allowed them to benefit from the rising prices while avoiding the pitfalls of market timing. Their portfolio grew in value, showing how DCA can work even in times of extreme market stress.
Key Takeaway Points for DCA:
– Consistency is Key: All these examples highlight the importance of maintaining a regular investment schedule. By sticking to a DCA strategy, investors were able to accumulate precious metals at an average cost that was favourable over time.
– Volatility is an Opportunity: Market volatility can work in favour of a DCA strategy. By buying more during dips, investors can reduce their average cost per ounce.
– Long-Term Perspective: The success of DCA is often most apparent over longer time periods. Investors who consistently apply this strategy, even during uncertain or bearish markets, are often rewarded when the market recovers or rises.
To find out more about GSAP, please click on the below link:
GoldSilver Central Savings Accumulation Program – GoldSilver Central Pte Ltd
Gold prices maintained their recent uptrend for the third consecutive quarter, rising by 3.91% or $87.55/oz in Q2. As we transition into Q3 2024, our system indicates that Gold retains its cyclical uptrend, with the bulls firmly in control. There is potential for a move to test the strength of supply at the $2,450/oz level, representing the 2024 year high for Gold.
Silver prices also surged throughout Q2, climbing 16.26% or $4.07/oz, marking its third consecutive quarter increase. Looking ahead to Q3 2024, our system shows that Silver prices will continue their strong performance to the upside. The bulls have identified a target at $32.50/oz, mirroring the peak in Silver for 2024.
Our system suggests that, should the precious metals market maintain its uptrend this quarter, Silver may exhibit stronger performance compared to Gold.
Platinum prices closed Q2 with a sharp increase of $85.26 or 9.36%, yet it remains within the range of $850/oz to $1,100/oz that has persisted since Q3 2021. Moving into Q3 2024, our system projects that Platinum prices will remain within this range but with a bias towards the downside. The bears are eyeing a target at $895/oz, reflecting the quarter low for Platinum during the last quarter.
Please feel free to contact us if you require additional information or have any further questions regarding our Q3 outlook for precious metals. We are always here to assist you and wish you a successful trading experience!
Gold prices experienced a substantial surge of 11.61% or $214.55 in Q4, aligning closely with our revised projection unveiled on October 23, 2023. As we transition into Q1 2024, our system indicates that Gold maintains its cyclical uptrend, with the bulls retaining control. There is a potential move to test the strength of supply at the US$2,144.72/oz level, representing the 2023 year high for Gold.
Throughout Q4, Silver prices saw a 7.45% or $1.65 increase, trading within a range initiated in Q2 2023 but surpassing our initial projections. Looking ahead to Q1 2024, our system shows that Silver prices will persist in a range-bound pattern, albeit leaning towards the upside. The bulls have identified a target at US$25.91/oz, mirroring the peak in Silver during Q4 2023.
Our system suggests that in the event of a continued uptrend in the precious metals market this quarter, Gold may exhibit stronger performance compared to Silver.
Platinum prices closed Q4 with an increase of $82.78 or 9.16%, aligning with our Q4 projection. Moving into Q1 2024, our system projects that Platinum prices will remain within a range but with a bias towards the upside. The bulls are eyeing a target at US$1007.61/oz, reflecting the quarter high for Platinum in Q4 2023.
Please feel free to contact us if you require additional information or have any further questions regarding our Q4 outlook for precious metals. We are always here to assist you and wish you a successful trading experience! Happy Trading!
Dear Valued Clients,
As announced in Budget 2022 by the Minister of Finance, the GST rate will be increased from 7% to 8% with effect from 1 January 2023 and from 8% to 9% with effect from 1 January 2024.
Starting on 1 January 2024, GoldSilver Central will begin collecting GST at this new rate of 9% on our products (except for those defined under Investment Precious Metals which are GST exempted in the GST Act) and services to clients. Examples of services which will be subject to 9% with effect from 1 Jan 2024 are:
1) Storage charges under GSC Bullion Storage Program
2) Handling and Transfer fees under GSC Bullion Storage Program
3) Storage fees under GSC Savings Accumulation Program (GSAP)
4) Delivery fee for domestic delivery of insured goods to your doorstep
Please note that for purchases of goods and services with us on or after 1 January 2024, GST will be chargeable at 9% unless full payment is received by 31 December 2023.
For more information, please refer to the following Government announcements below:
GST Rate Change (consumer):
GST Rate Change for Consumers (iras.gov.sg)
rate-change-flowchart-for-consumers.pdf (iras.gov.sg)
GST Rate Change (business):
IRAS | Overview of GST Rate Change
etaxguide_2023-gst-rate-change—a-guide-for-gst-registered-businesses_1st-edition.pdf (iras.gov.sg)
Thank you.
If you are reading this article, I believe you are either already investing in precious metals or contemplating doing so. When it comes to investing in precious metals, especially physical bullion, a common question arises: “How should I store it?” and “Where should I store it?” Fear not, in this comprehensive guide, we will explore various aspects of precious metal storage and how to effectively safeguard your wealth.
Types of Precious Metals
Before delving into storage options, it’s essential to understand the types of precious metals in which you can invest. The most common ones include Gold, Silver, and Platinum. Some key considerations to take into account when deciding which types to invest in are your investment goals, risk tolerance, diversification, liquidity, and more. For a more in-depth understanding and to make well-informed decisions regarding precious metals, you can read more about each of them here (Gold, Silver and Platinum).
Storage Options
Let’s take a quick look at some commonly heard storage options for precious metals:
- Home Storage: This is a simpler and cost-effective storage option that offers immediate access. However, it may pose security risks and insurance challenges.
- Bank Safe Deposit Boxes: Bank safe deposit boxes are typically stored in a high-security vault. Access, though, may be limited to banking hours. Safe deposit boxes come in various sizes, but if you have a substantial amount of physical bullion in a large quantity, you may need many boxes, which can be costly.
- Professional Vault: Professional vaulting services offer high-level security, privacy, insurance coverage, and regular audits to ensure the safety of your holdings. However, you need to be aware that professional vault services may not offer immediate access to your items in emergency situations. If you need to retrieve important documents or valuables quickly, you may face delays.
Security Considerations
Regardless of the storage option you choose, security should be your top priority. Ensure that your chosen facility or storage method offers robust security measures, including surveillance, access control measures (biometric authentication, PIN number, smart card, etc.), 24/7 security staff, dual custody, and insurance against theft, damage, or loss.
Insurance
Always ensure that your precious metals are adequately insured to protect against theft, fire, and other potential risks. In the event of unforeseen circumstances, insurance coverage provides peace of mind and financial protection.
Regular Audits
Choose a storage solution that conducts regular audits and provides transparent reports on your holdings. Auditing is essential for several reasons, such as detecting discrepancies, deterring theft, providing proof of ownership, and offering peace of mind. This ensures accountability and trust in your investment.
Costs
Different storage facilities may have varying fee structures. Consider all costs associated with storage, including account maintenance fees, insurance costs, and any potential hidden charges. You should not compromise security and services for cost.
Exit Strategy
Plan your exit strategy in advance. A clear and well-defined plan for what you will do with your precious metals when you need to sell, use, or access them is important for any urgent or unexpected situations that may arise. Whether you need to capitalize on a financial opportunity or require urgent cash flow, an exit strategy ensures that you do so in a way that maximizes the value of your precious metals.
In conclusion, safeguarding your wealth through precious metal investments requires careful consideration of storage options, security measures, insurance, audits, cost, and an exit strategy. If this sounds complicated, worry not; the GSC Bullion Storage Program covers all these considerations to ease your mind. Reach out to us at storage@goldsilvercentral.com.sg for a better understanding of how precious metal storage works. We offer a free consultation with no commitment to signing up for any package.
In the vast realm of precious metals markets, regardless of whether you identify as a retail trader, full-time professional, part-time enthusiast, or long-term investor, you employ a variety of styles to trade precious metals. Each style comes with its own set of strategies, time frames, and analytical approaches. Let’s take a closer look at some of the most popular trading styles to help you understand which style suits you best.
Scalping: Seizing the Micro-Moments
Scalpers are the sprinters of the trading world. Their strategy revolves around exploiting small price changes in the markets, executing rapid-fire trades that last mere seconds to minutes. The typical time frame they focus on is 1 to 5-minute charts. The focus here is on quantity rather than quality, with traders aiming to accumulate profits from numerous small trades throughout the day. If you thrive in fast-paced environments and enjoy making quick decisions, this style may be suitable for you. However, the disadvantage is that it can be mentally taxing and requires a high level of concentration and discipline.
Day Trading: The Intraday Game
Day traders are all about seizing opportunities within the same trading day. They work with short to medium time frames, typically ranging from minutes to hours, such as daily, 4-hourly, or hourly charts. Day traders keep a sharp eye on market volatility and aim to make quick decisions to profit from short-term price movements. They might utilize various technical indicators, and news events can act as catalysts for their trades. This style is suitable for individuals who are agile decision-makers and can manage the emotional demands of fast-paced trading. However, it’s important to note that day trading requires constant monitoring and may not be ideal for those with limited time during the trading day.
Swing Trading: Capturing the Price Swings
Swing traders are the surfers of market trends. They seek to ride the waves of price movements over a span of days to weeks. Analyzing both fundamental factors like economic data such as CPI and PPI, as well as technical aspects such as support and resistance levels. Swing traders aim to capture substantial price swings and profit from the ups and downs of the market. This strategy is suitable for those who prefer a short to medium-term approach, typically spanning a few days to a few weeks. It’s well-suited for individuals who can commit a bit more time and analysis to their trades than day traders.
Position Trading: The Patient Investors
Position traders are the marathon runners of the trading world. They have a long-term perspective, holding positions for weeks, months, or even years. Their approach involves a deep dive into macroeconomic factors like monetary policies, government changes, and geopolitical risks. Fundamental analysis, inflation trends, economic indicators, and industry analysis play a significant role in their decision-making process. Position trading is a strategy well-suited for those who prefer a more relaxed, patient approach to investing in the financial markets.
Each trading style has different risk tolerances and is suited to different types of risk-takers with varying risk appetites and time commitments. Whether you’re a quick-thinking scalper or a patient position trader, the key to success in the trading world is to adopt a style that aligns with your goals and to continually refine your strategy as you gain experience.
Have you found your trading style? If so, you can start trading on GSC Live! A demo account is available, allowing you to practice before entering the real world of trading.
Deepavali, known as the Festival of Lights, holds a special place in the hearts of Hindus, and Dhanteras, its first day, sees a significant increase in Gold sales across India. The term “Dhanteras” combines “dhan,” symbolizing wealth, and “teras,” signifying the 13th day, making it an auspicious time for Gold transactions.
During Dhanteras, families come together to acquire Gold, whether in the form of jewelry or bullion. Jewelry shops and markets bustle with activity as shoppers select exquisite pieces. Many partake in the time-honored tradition of gifting Gold to symbolize commitment and share in the blessings of prosperity and joy.
But what makes purchasing Gold during Deepavali so auspicious? In Hindu tradition, Gold is seen as the embodiment of Goddess Lakshmi, the Goddess of Wealth. Acquiring Gold on this day is believed to invite Goddess Lakshmi into one’s home, bestowing blessings of abundance upon the family.
Gifting Gold during Diwali goes beyond a display of opulence; it is a deeply ingrained practice. In Indian mythology, Gold is intrinsically connected to Goddess Lakshmi, representing financial well-being. Presenting Gold invokes her blessings, assuring prosperity in the year ahead, symbolizing the illumination of life with wealth and happiness. Beyond its material worth, gifting Gold during Diwali reinforces family bonds, signifying love, respect, and well-wishes for the recipient’s prosperity.
With Deepavali just around the corner, explore our exclusive promotion featuring precious Gold and Silver products. Discover unique items that can bring you added luck and prosperity during this festive season!
Gold Outlook for Q4 2023 (Update)
Our system has turned bullish for Q4 2023, indicating that Gold has ended its cyclical downtrend last week and is now expected to move higher over this quarter. The bears have stepped aside, and the bulls have taken control of the Gold market. The bulls may be attempting to retest the strength of supply at US$2,000/oz level, which they failed to breach on last Friday.
Please feel free to contact us if you require additional information or have any further questions regarding our Q4 outlook for precious metals. We are always here to assist you. Happy trading!
In recent quarters, we find ourselves inundated with new buzzwords such as interest rates, inflation, and the strength of the US dollar. Although we may be familiar with these terms, do we genuinely comprehend their influence on Gold prices or how Gold responds to various economic indicators? In this article, we will explore the complex relationship between critical economic indicators such as inflation and interest rates and the strength of the US dollar with Gold prices.
Inflation and Gold prices
Inflation, which is the general increase in the price level of goods and services, is one of the most significant economic indicators that affect the price of Gold. The logic behind this connection is quite straightforward: when inflation rises, the purchasing power of a currency declines. Consequently, investors and central banks often turn to Gold as a safe haven to preserve their wealth.
Recent Trends: Gold prices are currently trading near its all-time highs. This reaffirms Gold’s traditional role as a hedge against the devaluation of fiat currencies
Note: Generally, the higher the inflation rate, the higher the Gold price.
Interest Rates
When interest rates in the economy rise, you can potentially earn more money by putting your funds in savings accounts or investing in assets such as bonds. Gold, on the other hand, doesn’t generate any interest, thus becomes less attractive. Conversely, when interest rates are very low or even negative, Gold becomes more appealing as there are limited opportunities to earn interest from other investments.
Note: High interest rates make Gold less appealing, while low or negative rates make it more attractive.
US Dollar Strength
How does the strength of the US Dollar affect your ability to buy Gold? Let’s illustrate this with a simple example of purchasing Gold with SGD. When the US Dollar is strong, it becomes more valuable compared to other currencies. In practical terms, if the US Dollar is strong, it takes more of your currency to buy the same amount of Gold. This can make Gold appear more expensive to acquire with your country’s currency, which can reduce the demand for Gold and typically lead to lower Gold prices.
Note: The strength of the US dollar and the price of Gold often move in opposite directions.
The relationship between global economic indicators and Gold prices is intricate and interrelated. While inflation, interest rates, and the strength of the US Dollar play significant roles, additional factors such as geopolitical tensions, currency strength, and overall economic stability also exert influence on the price of Gold.
At GoldSilver Central, we are committed to providing knowledge and educational value to our clients seeking to build a robust portfolio in precious metals. Over the years, we have been delighted to grow alongside our clients in their journey of learning about precious metal investments. Please feel free to reach out to us if you have any questions or would like to learn more about investing in precious metals.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial or investment advice. Investing in precious metals carries inherent risks, and market conditions can change rapidly. The notes and observations mentioned here are based on historical trends and typical scenarios, but they may not accurately predict future market movements.
Investors are strongly advised to conduct their own research, consult with a qualified financial advisor, and consider their unique financial situation before making any investment decisions. Past performance is not indicative of future results, and no guarantees of profits or loss protection are implied.
The information presented here is subject to change without notice, and we do not assume any responsibility for the accuracy, completeness, or reliability of the content. Market conditions can change rapidly, and the accuracy, completeness, or reliability of the content cannot be guaranteed. Diversification and careful consideration of one’s financial goals and risk tolerance are essential when investing in precious metals or any other assets.
Gold prices fell by 3.65% or $70 during Q3, which was consistent with our Q3 projection. For Q4 2023, our system suggests that Gold remains on a cyclical downtrend. The bears are still in control and may be attempting to test the strength of demand at US$1,804.10/oz level, which is the current 2023 year low for Gold.
During Q3, Silver prices fell by 2.55% or $0.58, which was also in line with our Q3 projection. For Q4 2023, our system shows that Silver prices will be range-bound but skewed to the downside. The bears have set their next target at US$19.85/oz, which is the current year low for Silver in 2023.
Our system suggests that if the precious metals market continues to decline this quarter, Silver may underperform Gold and fall more.
Platinum prices ended Q3 with a small gain of $4.40 or 0.49%, despite our system forecasting a drop for Q3. For Q4 2023, our system projects that Platinum prices will continue to trade sideways within the US$880/oz and US$990/oz price level.
Please feel free to contact us if you require additional information or have any further questions regarding our Q4 outlook for precious metals. We are always here to assist you. Happy trading!
Dear Valued Clients and Friends,
As the Mid-Autumn Festival approaches, we find ourselves reflecting on the incredible journey we’ve been on together. This special occasion offers us the perfect opportunity to express our appreciation for your unwavering support.
Since the easing of the previous Covid-19’s restrictions, we noticed a heartwarming shift. Many of you have embraced the chance to embark on holidays and travel adventures, reconnecting with loved ones and creating cherished memories. We couldn’t be happier to hear about these heartwarming experiences, knowing that you have been able to enjoy quality time with your families and friends.
Your trust and loyalty have been a guiding light for us, and your stories of joy and togetherness, whether through travel or local gatherings, have inspired us. This Mid-Autumn Festival, we wish you an abundance of happiness, good health, and the continued opportunity to create beautiful memories with your loved ones, whether near or far.
As we look ahead, we are excited to continue serving you and be part of your precious metals journey. Once again, thank you for being an essential part of our journey. Your support means the world to us.
Happy Mid-Autumn Festival!
Warmest wishes,
GoldSilver Central Family
亲爱的尊贵客户和朋友们，
随着中秋节的临近，我们不禁回顾起我们一起走过的旅程。在这个特殊的节日，我们想乘着这个绝佳的机会，对您坚定的支持，表达深切感激。
自从新冠疫情以往的限制已解除，我们见证了一种令人感到温暖的变化。许多人纷纷抓住机会去度假和旅行，重新与亲人团聚，创造了珍贵的回忆。听到这些温馨的故事，我们感到非常高兴。
您的信任和忠诚对我们来说是一盏明灯，无论是通过旅行还是聚会，你们的快乐和团聚故事都鼓舞着我们。在这个中秋佳节，我们衷心祝愿你们幸福、健康，继续与亲朋好友创造美好回忆，无论距离远近。
展望未来，我们迫不及待地期待继续为你们提供服务，共同成长。再次感谢您成为我们旅程中不可或缺的一部分。您的支持对我们意义重大。
中秋节快乐！
最诚挚的祝愿，
金银中央全体成员
Grand Prix Singapore, held last Sunday at the iconic Marina Bay Circuit, is a heart-pounding event where the intensity, pressure, and adrenaline rush mirror the world of trading precious metals.
In the high-speed world of Formula 1, drivers skillfully navigate the twists and turns of the race circuit, drawing a striking parallel to the way traders navigate the tumultuous waves of the precious metal investment journey. Today, we will explore how the electrifying excitement of Grand Prix Singapore can teach us about trading psychology and how we can apply these lessons in our precious metal investment journey.
Mental Preparation
At the Grand Prix Singapore, drivers spend hours mentally rehearsing their race strategies, anticipating different scenarios, and visualizing success. Just like Formula 1 drivers, we must be mentally prepared for the unknown challenges that lie ahead. For example, create a well-defined trading plan that includes strategies such as entry and exit points, when to take profit, and when to set stop-loss orders when trading on GSC Live!. The Grand Prix Singapore is known for its challenging night race conditions, requiring drivers to adapt to changing visibility and track conditions. In the same way, precious metals markets can be unpredictable, making mental preparedness and a well-defined trading plan all the more important.
Risk Management
Formula 1 teams meticulously calculate and manage risk to ensure the safety of their drivers. In trading, risk management is equally vital. Define how much you are willing to risk on each trade and when your stop loss, take profit levels should be triggered. Remember Warren Buffet rules for trading in particular rule one and two – Don’t lose money and don’t forget rule one. Always adhere to your risk limits and avoid risking more than you can afford to lose. If you find yourself uncertain about creating a trading plan or defining a margin call, do not hesitate to reach out to us. We are more than willing to provide guidance and support throughout your investment journey.
Continuous Learning and Improvement
Formula 1 teams and traders share the same mindset: Learning has no end. Formula 1 teams invest heavily in research and development to gain a competitive edge. Similarly, for us, continuous learning and improving our investment strategies are paramount. Stay updated on market trends, analyze historical prices, and diversify your investment portfolio for long-term success. GoldSilver Central posts a Morning Call every morning on our Facebook and Instagram platforms, giving you a quick update on precious metal prices 6 hours before your coffee or tea, if you’re not a coffee person. Our colleagues enjoy a cup of Milo every morning while posting the Morning Call!
So, what is your favorite or top-priority trading psychology? We shared a few trading psychology tips that we believe are crucial for your precious metals investment journey. On a side note, are any of you fans of Grand Prix racing? Stay calm, start your engines, safely navigate the precious metals journey, and trade!
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!
Personal Finance: Understanding Its Importance
Before delving into the details, it is crucial to comprehend why personal finance holds such significance. Understanding where your money goes and how to allocate it effectively is key to achieving financial goals. By mastering the fundamentals of personal finance, you gain the power to make better financial decisions.
1.1 Financial Security: A Compelling Drive
One compelling reason to grasp personal finance lies in achieving financial security. By skillfully managing your income and expenses, you empower yourself to save and invest wisely, paving the way for long-term stability.
1.2 Debt Management: Taking Control
A firm grip on personal finance can also aid in managing debt efficiently. By comprehending loan terms and interest rates, you can devise a plan to minimize debt swiftly and effectively.
1.3 Future Planning: Crafting Your Path
Knowledge of personal finance proves invaluable when planning for the future. Whether your dreams involve homeownership, entrepreneurship, or retirement savings, understanding personal finance concepts helps you reach these milestones with greater efficiency.
Setting Financial Goals: Paving the Way
Embarking on personal finance planning necessitates defining your financial goals. It is essential to identify what you strive to achieve with your money before crafting a roadmap to success.
2.1 Short-Term Goals: Embracing the Near Future
Short-term financial goals encompass achievements within the next five years. This may entail paying off credit card debt, saving for a dream vacation, or accumulating a down payment for a car.
2.2 Medium-Term Goals: Embracing the Horizon
Medium-term goals encompass targets to be achieved within the next five to ten years. This could include saving for a home down payment, venturing into entrepreneurship, or paying off student loans.
2.3 Long-Term Goals: Embracing the Journey
Long-term goals encompass financial objectives spanning over ten years. This often involves saving for retirement, funding a child’s education, or building a robust investment portfolio.
Assessing Your Financial Situation: The Starting Point
Once your financial goals are defined, the next step is evaluating your current financial situation. This entails calculating your net worth, which is the difference between your total assets and liabilities.
3.1 Income: Fueling Your Financial Journey
Begin by listing all your sources of monthly income, including your salary, bonuses, commissions, side gig earnings, or any regular inflows.
3.2 Savings: Building Your Safety Net
Next, assess your total savings, encompassing traditional and high-yield savings accounts, certificates of deposit, and money market accounts.
3.3 Investments: Growing Your Wealth
Consider any investments you hold, such as stocks, bonds, precious metals, mutual funds, real estate, or retirement accounts.
3.4 Assets: Valuing Your Worth
List your assets, including your home, car, and any other valuable possessions, using their current market values.
3.5 Expenses: Navigating Your Financial Landscape
Finally, outline all your monthly expenses, ranging from rent or mortgage payments to utility bills, groceries, transportation costs, and other regular expenditures.
By embarking on this journey of understanding and implementing personal finance strategies, you empower yourself to navigate the financial landscape with confidence and achieve your desired financial future.
Creating a Budget: Mastering Your Money
Having a budget is the cornerstone of successful personal finance management. It empowers you to take control of your finances and ensures that you’re living within your means.
4.1 Allocating Funds: Prioritizing Your Priorities
When creating your budget, it’s crucial to allocate funds for your essential expenses first. Think of it as building a solid foundation for your financial well-being. Start by earmarking money for housing, food, and transportation, and then you can indulge in non-essential expenses like entertainment and dining out.
4.2 Paying Off Debt: Breaking Free from the Shackles
Your budget should also include provisions for paying off any lingering debt. Liberating yourself from debt is paramount, as it saves you from paying unnecessary interest charges. Remember, the sooner you pay off your debt, the faster you’ll be on your way to financial freedom.
4.3 Saving for Goals: Dream Big, Save Smart
In addition to expenses, your budget should include savings for your short-term, medium-term, and long-term goals. Make it a habit to pay yourself first by setting aside a portion of your income for savings before allocating money for other expenses. This way, you can turn your dreams into reality.
GSC Savings Accumulation Program (GSAP) is a versatile savings program designed to help people achieve their financial goals. It offers a convenient way to accumulate and manage Precious Metals Holdings in physical Gold, Silver and Platinum. Unlike most savings programs which may require longer periods of time for maturity, you may liquidate your precious metals holdings or convert them into physical precious metals products after a minimum commitment period of 3 months. Learn more about GSAP today!
Preparing for Emergencies: Expecting the Unexpected
Building an emergency fund is an essential part of personal finance management. This fund acts as a financial safety net, ready to catch you when unexpected expenses or financial emergencies arise.
5.1 Importance of an Emergency Fund: Weathering the Storm
An emergency fund is a true lifesaver. It shields you from unexpected costs like car repairs or medical bills without relying on credit cards or loans that can trap you in a cycle of debt. It’s like having your own superhero in times of crisis.
5.2 Size of Emergency Fund: Tailoring it to You
Ideally, your emergency fund should cover three to six months’ worth of living expenses. However, the exact amount depends on your personal circumstances, such as your monthly expenses, income stability, and tolerance for risk. Customize it to suit your needs and sleep soundly knowing you’re prepared.
5.3 Where to Keep Your Emergency Fund: Easy Access, Peace of Mind
Your emergency fund should be easily accessible when the need arises. Consider keeping it in a high-yield savings account that offers better interest rates than regular savings accounts, ensuring that your money grows while remaining within reach.
Understanding personal finances may be daunting at first. However, once you get a hang of it, it would bring you closer to your financial goals. Create a better financial future for yourself by equipping yourself with financial knowledge today!
Gold Quarterly Outlook (Q3 2023)
Based on our internal analytic system, there is a good chance of gold price continuing its downtrend for the current quarter (July-Sep 2023). Having said that, the expected drawdown will be rather limited, like what we have seen in Q2 2023 as the selling momentum is still weak at the moment. Gold price is likely to retest last quarter low around 1892USD/oz. A break below 1890USD/oz might open the door towards 1804USD/oz which was the 2023 low. However, chances of hitting 1804USD/oz is still low unless selling momentum picks up over the next 3 months.
Silver Quarterly Outlook (Q3 2023)
Based on our internal analytic system, silver has a relatively similar outlook as Gold. We expect silver to continue its downtrend for another quarter (July-Sep 2023). Silver is likely to revisit Q2 low around 22USD/oz. A break below 22USD/oz might lead Silver to trend lower towards 20USD/oz which was the low for 2023. Again, chance of hitting 20USD/oz is rather slim right now considering the selling momentum is still very weak.
Platinum Quarterly Outlook (Q3 2023)
We also expect Platinum price to fall in the Q3 2023. The selling momentum for Platinum is picking up since the beginning of 2Q 2023. Hence, we might see a bigger drawdown on Platinum. The first important level to watch is 885USD/oz which was the low for 2023. If Platinum breach below 885USD/oz, we might expect the price trending toward 820USD/oz region, which was the 2022 low.
GoldSilver Central offers a wide range of products such as physical precious metals, GSC Savings Accumulation Program and GSC Live! app to help customers to manage their precious metals portfolio effectively. Contact us at +65 6222 9703 or via Whatsapp (+65 88939255) to find out more!
Dear Friends and Valued Customers,
At GoldSilver Central, we believe in celebrating the richness of diverse cultures and traditions. As the Dragon Boat Festival draws near, we want to take a moment to extend our heartfelt wishes for a joyous and blessed celebration to all our viewers.
The Dragon Boat Festival, also known as Duanwu Festival, is an iconic event that has been celebrated for centuries in various parts of Asia, particularly in China. This colorful festival is held on the fifth day of the fifth month of the lunar calendar, which usually falls in June. It is a time when communities come together to commemorate the life and death of the great poet and statesman, Qu Yuan.
Legend has it that Qu Yuan, a loyal advisor to the Chu kingdom during the Warring States period, drowned himself in the Miluo River as an act of protest against political corruption. The locals, deeply saddened by his death, raced out in their boats to save him or at least retrieve his body. They beat drums and threw rice dumplings, called zongzi, into the river to distract the creatures from harming Qu Yuan’s remains. This act of racing, drumming, and tossing zongzi has become the centerpiece of the Dragon Boat Festival, symbolizing bravery, unity, and the triumph of the human spirit.
During this festive occasion, families and friends come together to enjoy thrilling dragon boat races, where intricately designed boats, often painted like dragons, glide across the water with synchronized paddling. The exhilarating atmosphere, accompanied by the rhythmic beats of the drums, fills the air with excitement and solidarity.
At GoldSilver Central, we embrace the spirit of the Dragon Boat Festival. We take this opportunity to reflect on the values it represents: the strength of community, the pursuit of righteousness, and the importance of standing united in the face of adversity.
On behalf of our team, we extend our sincerest wishes to you and your loved ones for a blessed Dragon Boat Festival. May this joyous occasion bring you renewed inspiration, happiness, and prosperity. Let us continue to cherish and preserve the beautiful traditions that unite us all.
Happy Dragon Boat Festival!
Sincerely,
GoldSilver Central
Investing in gold can provide one with financial security and stability. If you’re looking to start investing in gold, you have come to the right place! In this article, we will discuss different types of gold investments and provide valuable tips to help you get started on your gold investment journey. Let’s dive in!
Understanding The Different Types of Gold Investments
Different Physical Gold Products
Before investing, there are different gold investment options to consider. Understanding these options will help you make informed decisions catered to your financial goals and risk tolerance.
Physical Gold
Physical gold refers to gold bars, coins, and jewelry. It offers tangible ownership and the satisfaction of holding your investment in your hands. You can purchase physical gold from reputable online and offline dealers. However, it’s crucial to consider storage and security options before purchasing physical gold.
Gold ETFs
Gold Exchange-Traded Funds (ETFs) provide a convenient way to invest in gold without physically owning it. These funds track the price of gold and are traded on stock exchanges. Gold ETFs offer liquidity, diversification, and ease of buying and selling. They are suitable for beginners looking for a hassle-free investment option.
Factors to Consider Before Investing
An investor conducting meticulous research on investment market conditions for informed decision-making.
Before you start your investing in gold, here are crucial factors to evaluate:
Market Analysis and Trends
You have to be up to date with the latest market trends, gold prices, and geopolitical situations. Feed your mind with the right information by reading reliable online resources. Do look out for patterns and trends as you read! These hold the key to making smart investment decisions!
Risk Assessment
Generally, gold has been touted as a safe-haven for investment. However, there are still risks attached to investing in gold. There are different types of risks attached to each category of gold investment. For example, physical gold may involve storage and security risks. On the other hand, gold mining stocks may be influenced by company-specific and industry-related risks. Understanding the different risks and your risk tolerance helps you to plan your investment portfolio well.
Setting Up Your Investment Strategy
Now that you have a better understanding of gold investments, it’s time to set up your investment plan:
Determine Your Budget
Decide on the amount of money you are willing to invest. Set a budget that aligns with your financial situation and goals. Make sure you do not invest more than you can afford to lose.
Research Reputable Gold Dealers or Brokers
When you are purchasing physical gold, conduct thorough research to find reputable dealers or brokers. You would not want to pay more only to find out that the product is of a lower purity level than expected. In addition to looking at websites with transparent pricing, reading through customer reviews of different sellers will help you to gauge the dealer or broker’s reliability.
Choose the Appropriate Investment Type
Based on your risk tolerance, budget, and investment goals, select the most suitable type of gold investment. If you prefer direct ownership, physical gold may be the right choice. If you seek convenience and flexibility, you may consider gold ETFs.
Whether you choose physical gold or gold ETFs, always stay informed and review your portfolio performance regularly to ensure success.
Ready to go for gold? Look no further than GoldSilver Central! Discover a treasure trove of gold coins for you to choose from. Take the leap and start investing in physical gold products with us today. Your golden future awaits!
Investing is a means many use to grow their wealth. If you’re currently reading this article, chances are that you would like to grow your wealth through investing too. Amongst the various investment options, precious metals have been proven to be a reliable choice over time. Here are 5 benefits of investing in precious metals:
Precious Metals Provide A Safe Haven During Times Of Market Volatility
Financial markets are affected by many variables such as economic downturns and political instability. Although there are anomalous events, precious metals have generally been proven to retain value through times of inflation. This is why you would hear people say that precious metals are go-to safe haven investments. In order to buffer your investment portfolio against market volatility, you may want to consider including precious metals in your investment portfolio.
Helps You Manage Portfolio Risk
When it comes to investing, diversification is key. By spreading your investments across different asset classes, you can minimize your exposure to risk. Investing in precious metals such as gold, silver and platinum offer a unique opportunity for diversification. Historically,these metals have shown a low correlation with traditional financial assets like stocks and bonds. During times of market turbulence, precious metals tend to retain their value. In some cases, their value even appreciates during volatile times, serving as a hedge against market volatility.
Preserving Your Wealth
Preserving your hard-earned wealth is just as important as building your wealth. Investing in precious metals is one of the few ways in which you can preserve your wealth. Unlike paper currencies, which can lose value due to political or economic instability, precious metals have been proven to be a lasting store of value. Through different historical events, precious metals have maintained their intrinsic value. They have also served as recognized forms of currency, providing tangible means to preserve wealth. Such characteristics are what makes precious metals an attractive option for long-term investment.
Buffering Against Inflation (Most Of The Time)
Inflation can erode the purchasing power of fiat currencies, making it crucial to find assets that can counteract inflationary pressures. Precious metals are widely regarded as a reliable hedge against inflation. As general prices rise, the value of precious metals tends to rise as well. This is due to their scarcity and inherent value, making them desirable during periods of increasing prices. While gold is often seen as a hedge against inflation, it’s important to note that its performance may vary in different inflationary periods. Diversifying your portfolio can help mitigate investment risks and maximize potential returns.
Portfolio Allocation
Maintaining a well-balanced and diversified investment portfolio requires proper asset allocation. Including precious metals in your portfolio can enhance its overall performance. Precious metals possess unique characteristics and behave differently from traditional financial assets. When other investments like stocks or bonds experience a downturn, the value of precious metals can rise, offsetting potential losses. Allocating a portion of your portfolio to precious metals can reduce volatility and improve risk-adjusted returns.
Conclusion
In conclusion, investing in precious metals offers a range of benefits for individuals looking to grow and preserve their wealth. Investing in precious metals provides you with an opportunity to diversify your portfolio. Precious metals investments help to mitigate portfolio risks as historically, they have shown a low correlation with traditional financial assets. By including precious metals in your portfolio, you can enhance your portfolio performance and reduce volatility. Ultimately, what you choose to invest in is dependent on your investment goals and strategy.
Discover a Smarter Way to Invest in Precious Metals with GSC Live! Seamlessly Buy and Sell Gold, Silver, and Platinum Online. Don’t Miss Out – Start Your Journey Today!
Akshaya Tritiya, falls on this coming Saturday, 22 April 2023 is a Hindu festival celebrated on the third day of the bright half of the Indian lunar month of Vaishakha. This day is considered to be auspicious for new beginnings, investments, and the purchase of valuable items, especially gold. The tradition of buying gold on Akshaya Tritiya dates back to ancient times, where it was believed to bring prosperity, wealth, and good fortune to the buyer.
In Hindu culture, gold is considered to be a symbol of wealth and is often associated with the goddess of wealth, Lakshmi. Purchasing gold on Akshaya Tritiya is believed to ensure that the buyer’s wealth increases in the coming years. This belief has been deeply ingrained in the Hindu culture, and it continues to be a popular practice in India and other parts of the world.
Apart from being a symbol of wealth, gold also has auspicious properties that ward off negative energies and bring good luck. This makes it an ideal gift for weddings, which are often held on Akshaya Tritiya. Many people buy gold jewelry as a gift for the bride or groom on this day, as it is believed to bring good fortune to the newlyweds.
In conclusion, the tradition of buying gold on Akshaya Tritiya is deeply rooted in Hindu culture and traditions. It is believed to bring prosperity, wealth, and good fortune to the buyer, and it continues to be a popular practice in India and other parts of the world. The auspicious properties of gold also make it an ideal gift for weddings, which are often held on this day. Therefore, buying gold on Akshaya Tritiya is an important cultural practice for many Hindus.
Looking to buy gold this Akshaya Tritiya or any time of the year? Check out our Akshaya Tritiya Specially Curated Selection for a wide range of bullion options.
Shine Bright Like a Gilded Rabbit: The 2023 Australian Rabbit Gilded Proof Silver Coin
Are you a fan of adorable rabbits? If so, you’ll love the 2023 Australian Rabbit Gilded Proof Silver Coin 1oz, limited to only 23,500 issues!
This coin features a beautifully detailed gilded rabbit on the reverse side, with one rabbit alert and the other stretching towards a budding branch, adding a touch of whimsy to the design. The obverse side of the coin showcases a portrait of Queen Elizabeth II, lending a touch of royal elegance to this playful piece.
Crafted from one ounce of 99.99% pure silver and selectively gilded with 24-carat gold, this coin is a stunning piece of art. The gilded finish on the rabbit gives it a unique and collectible appeal, setting it apart from other silver coins.
So, if you’re a fan of cute and cuddly things, consider adding the 2023 Australian Rabbit Gilded Proof Silver Coin 1oz to your collection. Every time you see it, the coin is sure to bring a smile to your face. Place an order today!
2023 Australian Kangaroo Silver Coin 1oz – It’s extra special this year!
The Australian Kangaroo Silver Coin 1oz is a beloved treasure for collectors and investors alike. Not only is it a Precious Metal investment, but it’s also a charming representation of Australia’s iconic kangaroo. The coin is minted in 99.99% pure silver, ensuring its high value and quality. Its beautifully crafted reverse side depicts a jumping red kangaroo, adding a touch of cuteness to your collection.
But that’s not all! This year’s edition of the coin features a modified obverse design that commemorates the passing of The Late Majesty Queen Elizabeth II, who served as Australia’s Head of State for an impressive 70 years until September 2022. This makes the coin extra special and adds a touch of royal elegance to your collection.
The Australian Kangaroo Silver Coin is a smart investment option due to its high purity and limited availability, and its iconic kangaroo design only adds to its appeal. Whether you’re a seasoned collector or just starting out, the 2023 Australian Kangaroo Silver Coin 1oz is sure to bring joy and value to your collection. Don’t miss out on the chance to own a piece of Australia’s iconic wildlife and a valuable investment. Order your 2023 Australian Kangaroo Silver Coin 1oz today!
Dear Valued Clients,
As announced in Budget 2022 by the Minster of Finance, the GST rate will be increased from 7% to 8% with effect from 1 January 2023 and from 8% to 9% with effect from 1 January 2024.
Starting on 1 Jan 2023, GoldSilver Central will begin collecting GST at this new rate of 8% on our products (except for those defined under Investment Precious Metals which are GST exempted in the GST Act) and services to clients. Examples of services which will be subject to 8% with effect from 1 Jan 2023 are:
1) Storage charges under GSC Bullion Storage Program
2) Handling and Transfer fees under GSC Bullion Storage Program
2) Storage fees under GSC Savings Accumulation Program (“GSAP”)
Please note that for purchases of goods and services with us on or after 1 Jan 2023, GST will be chargeable at 8% unless full payment is received by 31 December 2022.
For more information, please refer to the following Government announcements below:
GST Rate Change (consumer):
GST Rate Change for Consumers (iras.gov.sg)
rate-change-flowchart-for-
GST Rate Change (business):
IRAS | Overview of GST Rate Change
etaxguide_2023-gst-rate-
Thank you.
A recession in US seems likely, but will Gold be a good asset to own if a recession hits?
Recession is defined as a significant, widespread and prolonged downturn in economic activity. Usually many will term that a country is in recession if there are 2 consecutive quarters of decline in GDP.
Currently, US is not in a recession yet, but many analysts have mentioned that a recession is a very likely scenario if the Fed continues their aggressive stance of raising interest rates to combat inflation. Higher interest rates will increase the cost of borrowing, businesses and consumers will likely cut back on their spending and hiring which will in turn lead to less economic activities.
If US goes into a recession, the popular investment portfolio of holding majority equities might be greatly challenged and many would look at diversifying into other asset classes to tide through this period.
Gold during past recessions
From the above past recessions after the Bretton Woods system collapsed (USD no longer pegged to Gold after 1973), Gold has held up well during recessions except during the Iran & Volcker recession.
Gold seems to have put up a good case for investor to consider especially if the US economy goes into a recession. Will you be looking to add some Gold into your portfolio this period as a safe haven asset?
If I wish to, how much of my portfolio should I then look to allocate to precious metals? This might be the question that you would like to ask. Fret not, we will touch on this in one of our articles, so stay tuned or alternatively, email us at enquiry@goldsilvercentral.com.sg or speak to us at +65 62229703 and we will be more than happy to work on this together!
Always remember that periodic management of an investor’s portfolio is important as this will ensure you keep track of your investments and allocate your funds to the asset class that might provide you with a higher return during that period! Also, never put all your eggs in one basket, especially during periods of uncertainty in the economy.
Disclaimer
Please note that past performance is not indicative of the future or likely performance of Gold. This is merely for information and data contained in this article has been obtained from sources believed to be reliable, but GSC makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose. Please note that none of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell Gold.
Any expression of opinion (which may be subject to change without notice) is personal to the author and the author makes no guarantee of any sort regarding accuracy or completeness of any information or analysis supplied.
Brian
Get excited! Pamp Suisse and Australian Lunar Rabbit Bars and Coins are available for pre-order now!
Get excited! Pamp Suisse and Australian Lunar Rabbit Bars and Coins are available for pre-order now!
Pamp Suisse Lunar Rabbit Gold and Silver Bar
Following the lunar cycle, 2023 is the Chinese Year of the Rabbit, and is celebrated from the 22nd of January 2023 through to 9th February 2024. The latest addition to the popular Lunar Calendar Series celebrates the Rabbit with an ingot design featuring exceptional artwork original to PAMP, rich in traditional Chinese symbolism.
Available in 5g or 1oz of fine gold, or 10g or 1oz of pure silver, this charming design celebrates the Rabbit as the luckiest of the Chinese zodiac symbols. The Rabbit possesses a gentle nature, elegance and beauty, patience, alertness, a responsible nature, and represents long life.
The Rabbit is a very social creature once trust is established. Thanks to its agility and speed it will persevere and overcome obstacles to achieve a goal.
Its lucky directions are east and south, & it is strongly associated with the moon in ancient Chinese folklore. Water is the element associated with the 2023 Lunar New Year and here a Rabbit facing east snacks on a carrot plucked from an overturned basket of fresh vegetables harvested after a season of temperate rainfall. In the foreground is the napa cabbage, considered extremely lucky in Chinese culture.
Australian Lunar Rabbit Gold, Silver and Platinum Coin 1oz
2023 Year of the Rabbit coins feature the work of Ing Ing Jong, a member of the Mint’s design studio since 2011 – the previous rabbit year!
Capturing the animal in different moods, Gold and Platinum coins portray an energetic rabbit leaping among grasses with feathery plumes, while her silver artistry is a tranquil image of two rabbits under a budding springtime branch.
According to legend, the rabbit finished fourth in the Great Race, held to determine which animals should be represented in the lunar zodiac. Consequently, it has represented every fourth year in the 12-year lunar cycle.
Intelligence, creativity, vigilance and compassion are said to be among the personality traits bestowed on those born under the rabbit’s influence in 2023.
In our previous article, we have given a brief introduction of Retail Gold Investment Principles (“RGIPs”). As mentioned, RGIPs consist of a recommended checklist of seven listed principles. This week, we will look at the first principle, “Fairness and integrity”. So what does this mean?
“Fairness and integrity” explains a provider must treat customers fairly and act with integrity, from information and service provision through to transaction completion. It covers general guidance in four areas: fair marketing, education and support, fair pricing and fees, and fair trading and transaction completion.
GoldSilver Central/Kim Gold serves our valued clients with integrity, knowledge and capability. As part of practising RGIPs, we have put in place stringent processes and are selective on the jewellery pieces we pick to ensure authenticity, quality and to meet the standards for weight and purity. We, together with our valued clients, value ethical, responsible purchasing and sustainable living.
If you are interested to read more about the RGIPs, click here.
#GSCxRGIPs
Evon
What are the Retail Gold Investment Principles (RGIPs)… and more importantly, how does it impact investors?
Retail Gold is global — with private investors holding approximately 45,000 tonnes of Gold in bars and coins (that’s around 22% of all the Gold mined throughout history). In fact, bar and coin demand accounts for 25% of annual global Gold demand — representing over 1,000t of retail Gold investment each year. But, beyond bars, coins, and collectibles, Gold ownership has long transcended the need for physical storage. As technology continues to pervade many aspects in our modern lifestyles, investors have also now begun to own Gold in digital formats vaulted on investor’s behalf and operated via mobile apps and websites.
Although retail Gold markets generally operate under local regulation in different jurisdictions, more initiatives were mooted on ways to enhance transparency and build further trust in the retail Gold marketplace. Subsequently, after conducting in-depth research globally, the World Gold Council developed the Retail Gold Investment Principles (RGIPs) as a set of guidelines to steer deeper trust and build relationship between Gold investors and their service providers for a sustainable healthier retail Gold marketplace.
Determined to benefit both retail investors and industry practitioners, the RGIPs was first established by The World Gold Council in August 2020. A recommended checklist of seven listed principles form the basis of how service providers should operate and how investors can identify trustworthy providers fulfilling these guidelines in the diverse retail Gold market.
Since its release, the World Gold Council’s guides have made quite the global impact with adoption in key markets like Singapore, India, China, Germany and North America. Subsequently, the World Gold Council continues to advocate adherence to the Retail Gold Investment Principles by engaging providers and stakeholders worldwide.
These efforts include:
So this is just our first snippet of RGIPs and we hope that you have a better understanding of why this topic will feature regularly in our upcoming articles. We will be covering each principle area in the coming weeks so please stay tuned to our blog. Feel free to reach out to us at +65 62229703 or enquiry@goldsilvercentral.com.sg if you have any feedback or comments to add. Meanwhile, stay safe.
#GSCxRGIPs
Reposted from Kim Gold
The Festival of Lights, also known as Deepavali, is widely celebrated every year by Hindus. The first day of Dee