Extracted from World Platinum Investment Council:
An overview of the report:
This article tackles investors’ concern on the negative impact that powertrain electrification would have on platinum demand. Recently, an announcement was made for the Ultra Low Emission Zone in London. This is a plan set to ban sales of new diesel and petrol cars by 2040 to reduce air pollution.
Excerpt from Platinum Perspectives July 2017:
We believe the market is overestimating the negative impact of powertrain electrification (moving to EVs) on platinum demand. We explain why EVs represent only a limited risk to platinum demand (even excluding potential demand upside from Fuel Cell Electric Vehicles, or FCEVs).
Market assumption:EVs don’t contain platinum. Some market participants confuse EVs and Battery Electric Vehicles (BEVs). For example, Volvo’s announcement that it would be producing only ‘electric’ cars post 2019 was significantly misinterpreted by many press sources.
Our view: In fact; Volvo committed to producing only cars that have an electric motor. This will include five new BEVs, the balance being hybrids, which can have gasoline or diesel internal combustion engines, and require platinum group metals (PGMs). Given mild hybrids are expected to gain significant market share, it is likely that most of Volvo’s cars will contain PGMs, post 2019 and in the foreseeable years to come. Different types of EVs have significantly different effects on platinum demand.
Conclusion – most EVs contain PGMs. “Electrification” (e.g. as defined by Volvo) may not have a negative effect on platinum demand. Diesel share is more important; our June 2017 Platinum Perspectives explains why we believe diesel share may be higher for longer.
Full credits to World Platinum Investment Council for the Platinum Perspective July 2017 Report.
We are thrilled to announce that GoldSilver Central will be moving to a new retail-office location at 03 Pickering Street #01-15/16 Nankin Row Singapore 048660 in early September 2017.
*Update*: Our moving day is on 16 September 2017 and the office will be closed on Saturday.
For the past 5 years, our old office in China Square Central has served us extremely well. It supported us through our first tradeshow, the expansion of our team and many, many more milestones.
But, we have to keep up with the growing needs of our team and our customers – which mainly led us to the decision of relocating. We know we want to serve you better.
LOCATION FIGURE 1 & 2
GoldSilver Central’s new physical location features a retail storefront for our physical Gold, Silver and Platinum coins and bars collection. In addition, we will be displaying products from our latest venture: GSC Numismatics.
We are not far away from our old office, just a 5 minutes walk down China Street!
Directions to GSC NEW OFFICE from China Square Central
- Exit CHINA SQUARE CENTRAL from the TAXI STAND and walk towards the roundabout drop off point (it will be on your left).
- Turn left passing by the roundabout drop off point and walk to the shophouses. You should pass by the basement carpark entrance. CLUB MEATBALL will be right in front (shophouse at the corner).
- Walk onto CHINA STREET. Walk all the way straight – You will pass by SUSHI TEI (on your left), YA KUN (opposite) and 7-ELEVEN (on your left).
- At the corner of the shophouses before GREAT EASTERN BUILDING, turn Left. (Carpark Entrance will be on your right)
- You have reached our new office!
Our new address is 03 Pickering Street #01-15/16 Nankin Row Singapore 048660.
Extracted from World Platinum Investment:
Platinum Quarterly is commissioned by the World Platinum Investment Council and based upon independent research and analysis conducted by SFA (Oxford). It is our intention to publish similar commentary every quarter ensuring greater transparency of the global platinum market and the delivery of regular data to investors.
The next Platinum Quarterly will be published on 6th September 2017.
This eleventh edition of the Platinum Quarterly, published on 15th May 2017, includes Q1 2017 analysis of platinum supply and demand fundamentals. It also gives a view of the global above ground stocks of platinum and an outlook for market fundamentals for 2017.
An overview of this report
This report incorporates analysis of platinum supply and demand during the first quarter of 2017, during which time total mine supply hit 1,330 koz, down 6.3% year-on-year and the lowest since Q3 2014.
- Today’s report shows that overall platinum supply is projected to fall by 2% year-on-year to 7,330 koz in 2017, with both primary and secondary supply expected to decline.
- Recycling is projected to fall by 6% year-on-year to 1,760 koz in 2017. Secondary supply from jewellery recycling is projected to decline by 20% year- on-year with recycling trends normalising following unusually large stock flows in China last year.
- Automotive demand for 2016 and 2017 is revised upward by 45 koz. The revisions reflect higher than expected global vehicle sales with increased loadings, while greater scrutiny of emissions is also believed to be limiting moves to thrift platinum loadings.
- Global platinum ETF holdings grew by 65 koz in the first quarter, with increases observed across most regions. ETF assets in the quarter were at their highest level since the fourth quarter of 2015. Bar and coin demand during the first three months of 2017 was supported by the minting of 20,000 one- ounce US American Eagle bullion coins in January, all of which were sold in just three days. Overall platinum investment demand is now projected to be 250 koz this year.
- Global platinum jewellery demand for the quarter increased 3% year-on-year, buoyed by increased Chinese retail sales during the quarter. However, global jewellery demand for 2017 is forecast to slip 1% from 2016, with anticipated declines in China and Japan outweighing gains in India and other regions.
- The platinum market is expected to be broadly balanced over the year, with a deficit of 65 koz in 2017 predicted. Above Ground Stocks are expected to end the year at 1,885 koz, a 3% fall on 2016, but more than 54% down from 2012.
PRECIOUS METALS MARKET REVIEW.
| Weekly Spot Price (19 June – 23 June 2017) | ||||
| Open | High | Low | Close | |
| Gold | 1253.62 | 1258.69 | 1240.65 | 1255.47 |
| Silver | 16.63 | 16.75 | 16.31 | 16.59 |
| Platinum | 926.15 | 933.83 | 915.9 | 926.43 |
| · | Gold Prices Weekly Forecast: Narrow Ranges Likely, Selling Interest On Rallies. Several US economic data release this week may suggest a decisive impact on sentiments surrounding the US economy, the Federal Reserve policy and Gold Prices. | ||
| · | Gold Plunges After 1.8 Million Ounces Were Traded in One Minute. Bullion sank at 9 a.m. in London on Monday after a huge spike in volume in New York futures that traders said may have been the result of a “fat finger,” or erroneous order. Trading jumped to 1.8 million ounces of gold in just a minute, an amount that’s bigger than the gold reserves of Finland. | ||
| · | Gold Miners (GDX) Setting Up For A Big Move Soon. Gold and especially gold mining stocks rebounded on Wednesday and trended higher into the weekend. This is giving some investors renewed hopes that the bull market that began roughly 18 months ago is about to reassert itself. | ||
| · | Economic figures to monitor this week: | ||
| Day & Date | Economic Events | ||
| Tuesday, 27 June 2017 | BoE Financial Stability Report (UK)
CB Consumer Confidence (Jun) |
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| Wednesday, 28 June 2017 | Fed Chair Yellen Speaks (US)
Pending Home Sales (MoM) (May) (US) Crude Oil Inventories (US) |
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| Thursday, 29 June 2017 | GDP (QoQ) (Q1) (US) | ||
| Friday, 30 June 2017 | Manufacturing PMI (Jun) (CHN)
GDP (QoQ) (Q1) (UK) |
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PRECIOUS METALS MARKET REVIEW.
| Weekly Spot Price (5 June – 9 June 2017) | ||||
| Open | High | Low | Close | |
| Gold | 1279.66 | 1295.9 | 1264.38 | 1265.55 |
| Silver | 17.5 | 17.7 | 17.11 | 17.11 |
| Platinum | 952.84 | 967.18 | 933.86 | 935.5 |
Precious metals updates…
| · | Gold edges up on weaker stocks, dollar ahead of Fed meeting. Gold inched up on Monday as Asian stocks fell and the dollar eased ahead of a U.S. Federal Reserve policy meeting that could give clues on the pace of interest rate hikes over the rest of the year. | ||
| · | SHARPS PIXLEY Sees A 252 pct Increase In Physical Gold Demand. The elections leading to a hung parliament in the UK have seen a rush into physical gold by investors, as the country slips into a political vacuum. The uncertainty both in the UK and indeed geopolitical concerns across the globe have fed into firmer gold prices which have risen 11 pct so far in 2017 in international markets. | ||
| · | Economic figures to monitor this week: | ||
| Day & Date | Economic Events | ||
| Tuesday, 13 June 2017 | CPI (YoY) (May) (UK) PPI (MoM) (May) (US) |
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| Wednesday, 14 June 2017 | Industrial Production (YoY) (May) (CHN) Claimant Count Change (May) (UK) Core CPI (MoM) (May) (US) Core Retail Sales (MoM) (May) (US) Crude Oil Inventories (US) |
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| Thursday, 15 June 2017 | Fed Interest Rate Decision (US) BoE Interest Rate Decision (Jun) (UK) |
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| Friday, 16 June 2017 | BoJ Monetary Policy Statement (YoY) (JPN) BoJ Interest Rate Decision (JPN) CPI (YoY) (May) (EUR) Building Permits (May) (US) |
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Interested in our full free weekly Technical Analysis Report for Precious Metals?
Sign up here:
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After 5 years since we launched our Ecommerce website, we are extremely pleased to present our newly revamped website, designed and adapted to a more modern feel and more importantly, a clearer picture of our full range of products and services that we provide to you.
Do let us know how you feel about the new website by submitting your feedback via our contact us page!
2017 looks to be marked by uncertainty as what we’ve come to know as the “new normal” gets disrupted again. At a time when people are losing faith in political systems, precious metals now have a chance to play their unique role as safe haven investments. For those who observe cycles, the timing couldn’t be better as gold, having peaked around $1,920/oz in 2011, looks set to swing out of the low of $1,045/oz seen in 2015.
Through this time, we at GoldSilver Central have seen steady, robust demand for physical bars and coins in gold, silver and platinum. Singapore has a pro-business environment stemming from pragmatic regulation and close collaboration between government and industry. Operating out of such an economically sound and financially stable jurisdiction allows us to focus on creating the best products to meet all your precious metals investing needs. As the premier precious metals hub in Asia, the appetite for buying physical gold, silver and platinum from Singapore and the demand for storage of these products remains strong.
GSC Live!
GSC Live!, the world’s first (and probably still the only) spot physical deliverable precious metals product was launched in July 2016 on the popular MetaTrader4 (MT4) platform. You can now instantly buy and sell physical precious metals at real-time spot prices whenever you want with fully deliverable gold, silver and platinum contracts on GSC Live!. The MT4 platform also lets you buy into or sell out of your precious metals holdings. Our customers who have been seeking transparent, live streaming physical precious metals prices have been delighted by the straight-through processing capabilities and neutral real-time pricing of GSC Live!. Take charge of your gold, silver and platinum holdings and investments because where technology meets precious metals investing, the possibilities are endless.
After the success of GSC Live!, GoldSilver Central is excited to introduce its latest product offering – GoldSilver Central’s Savings Accumulation Program.
GSC Savings Accumulation Program
Grow your savings through physical Gold, Silver and Platinum
As the name suggests, this is a savings and accumulation product that allows you to acquire physical gold, silver and/or platinum in a gradual, cost-efficient manner. The use of dollar cost averaging allows you to buy precious metals at regular intervals at a fixed amount in dollars, regardless of the current price of gold, silver and/or platinum. Everything is automated and at the end of the savings cycle, the coins or bars that have been accumulated are yours to keep. Why stop at coins and bars? Going forward, we’ll add gold jewellery and other gold items to the product mix for you to take home or even to wear.
Hi customers! We would just like to highlight a very important point for all physical Gold, Silver and Platinum investors. Recently there were cases of counterfeit/fake gold bars in Singapore, and we came across this article which featured a “Real 24K Gold Plated CREDIT SUISSE Layered Bullion Gold Bar” for sale.
Here, for comparison, we have taken raw unedited photos of our Credit Suisse Gold Bar for your reference. Immediately, one can notice that the font type for the serial number is different between the 2 bars.
As always, please purchase your physical precious metals from an authorized distributor to avoid being a victim of fake metal deals.
