GSC Savings Accumulation Program (GSAP) is a unique program whereby we help investors to accumulate precious metals based on the Dollar-Cost Averaging method. By putting aside a minimum amount of SGD 100 a month for 1 cycle (3 months) to accumulate into your preferred precious metal type you are technically doing the following:
Taking reference to a month with 20 business days, you will be accumulating $5 worth of Gold daily;
($100 / 20) = $5 will be used to purchase into Gold
The value of holding these precious metals way surpass paper currencies or coins due to its unique diversification role in an investor’s portfolio. Regardless of the Market condition and by investing in precious metals daily with GSAP, you would have had unknowingly diversified your portfolio to:
- Hedge for Inflation
- Protect against Deflation
What’s so intriguing about this program is that you can flex it anytime. – you can sell part of your holdings for cash or take *physical delivery during the accumulation period. As these holdings are physical holdings, there is a storage fee of 2.5% per annum, calculated on a daily basis, which works out to be less than S$0.50 for the whole month during your first accumulation month. As your holdings increase, the storage charges will increase as well. For a $100, storage fees are less than 1 cent, if fact it is only 0.7 cents per day!
Fancy a piece of Gold bar or coin? Opt to take physical delivery against your holdings by contacting us, and we can arrange all these for you.
Signing up is just a click away, head over to our website, and click on the “Sign Up” button under the GSAP section. We look forward to helping you accumulate your savings in precious metals for all occasions and needs.
*Physical Delivery refers to swapping your accumulated holdings for a physical precious metal bar or coin of your choice. Most of our Gold bars are LBMA accredited and are recognized internationally. When taking physical delivery, a premium top-up is required, and the amount varies from product to product.
CNY 2021 is no doubt a more muted event this year. Now that the first few days are over and your kids have counted majority of the hongbaos, here’s some tips to maximise their hongbaos.
Teach your kids cash management.
Ultimately, it’s your kids’ finances. They should be part of the process of maximizing it. Take this chance to teach children about the importance of cash management and how they could allocate their money according to their needs and wants. One way would be to split up their money into several “buckets”; spending, savings, investments and filial piety. What better way to get them started on giving back to their parents!
Deposit them into a Savings Account
This used to be a no-brainer! Savings are important but with interests at the low rates savings account currently are, at 0.05% p.a., and global interest rates remaining low for the foreseeable future, there are much better ways to grow your kids’ wealth.
That said, emergency liquid funds are important for rainy days. So do allocate some portion into their savings accounts still.
Invest them into a Blue Chips Plan or ETFs
A very simple way of using dollar cost averaging (DCA) to “stack” your investments. Multiple banks offer the blue chip accumulation plan in their services and setting up a monthly automation is very straightforward. These banks also usually have investment arms which allow one to easily set up a CDP account and brokerage account for investments into ETFs or specific shares.
Wondering about the merits of DCA? That’s a topic altogether for another time.
Invest the money into Gold
With Gold increasing by 25% in 2020 and the rest of the precious metals classes enjoying similar if not more capital gains, it’s a good time to look into diversifying into other asset classes too. Many used to think that buying precious metals would be very traditional and outdated. Now, there’s much more convenient ways to buy into precious metals.
Buying via the retail route
Buying Precious Metal bullion has never been easier than now. Register account online and you can then scroll through the website and select what you want! All these in less than 5 minutes. You can even choose delivery to your doorsteps! Alternatively, head down to the retail shop to do your collection. Do remember to make appt here first and remember to practise social distancing!
A side note here, we know of one family who comes down after CNY every year and the kids literally bring along their hongbaos and swap them to silver bullion. If you are reading this, you know who you are 🙂
Daily accumulation system via mobile
Ever thought of diversifying your portfolio but was unable to due to cost or practicality constraints. (It is way too expensive to buy 1g gold, 1g silver and 1g platinum) Well now, that’s resolved with the use of your mobile phone.Set up an autosave plan for all three metal types from as low as $0.10 per day. And it only takes 3 minutes on your mobile phone. Pause anytime with no penalties and physical redemption is as easy as selecting the physical item and checking it out! You now have the power to set up a diversified and customized portfolio at very low costs.
So that’s it, quick and simple tips on how to maximize your children’s hongbaos. After all, the real huat starts with not buying 4D but by making smarter day-to-day personal finance decisions for your future!
Happy Chinese New Year Everyone!
It is the festive time of the year to receive and giving out little red envelopes. These little red envelopes are called “Hong Bao” 红包 in Mandarin, “Ang Bao” in Singapore and “Lai See” in Cantonese. The money inside is called “压岁钱”, which is also known as “lucky money” or New Year’s money.
Saving your “lucky money” by accumulating precious metals holdings
“When you have nowhere to spend, don’t spend on handbags, invest in GSAP”
There is no better time to start the habit of saving and investing money at a regular basis than at Chinese New Year because you have a good sum of extra cash to get started.
Saving for the future instead of spending right away is a good way to start. Time to stop spending your ang bao money on things that you do not actually need. Try saving and accumulating with our GSC Savings Accumulation Program (GSAP) instead. Let your “lucky money” work harder by investing in GSAP!
Below is a summary how GSAP works:
- Accumulate min. $100 per month.
- Minimum period to commit: 1 cycle (3 months)
- Accumulate daily on business days based on GSC 10am reference price automatically.
- You may refer to the 10am reference price through our website.
- Helps the client buy more when prices are low and less when prices are high.
- Dollar Cost Averaging method.
- Upon the maturity of the savings plan, clients can choose to take physical delivery of your accumulated holdings or sell to encash it.
- The only cost incurred is the storage charges of 2.5% per annum. It will be calculated daily as your holdings increase day by day. (Based on 10am reference price as well)
- The storage charges will be debited from your accumulated holdings on the 1st business day of the following month.
“You may decide to indulge when you have won the fight,
but don’t forget GSAP when the time is right.”
The right time is here. Contact us if you have any other enquires or you may also sign up through the form here!
Dollar cost averaging is an investment strategy where you divide a total amount to be invested by the standard periodic purchases of a targeted asset. In other words, you are spacing out the intervals of your investment instead of committing to one larger amount. Avoiding the risk of making poorly timed decisions especially when the market is not in your favor. The key attribute to this strategy is the smoothening of investment risk. Lowering the risk and cost of wealth saving accumulation.
You can find plenty of similar offerings in the market, but have you heard of a precious metal accumulation plan? Yes! GoldSilver Central is offering the Savings Accumulation Program (GSAP), a metal accumulation method based on dollar cost averaging. For any increment of 100SGD or more per month you can start accumulating your savings in Gold, Silver or Platinum in your account.
The flexibility of starting from as low as 100SGD per month is suitable for anyone who would like to start small. What this also means is if you feel comfortable, you can always opt to save more every month. Suitable for the young as a savings plan and also to institutional investors who are interested in the acquirement of precious metals over time