Published: 25 May 2018
- Degussa Goldhandel GmbH is now cooperating with precious metal retailer GoldSilver Central Pte Ltd in Singapore. The partnership between both providers who are leaders in their respective markets covers the distribution of Degussa bullion bars as well as gift items made out of gold and silver. GoldSilver Central will offer the products of Europe’s biggest precious metal retailer in its own stores as well as via its online shop (http://www.goldsilvercentral.com.sg/).
- The cooperation with the Singaporean precious metal specialist positions the presence of Degussa and its products in the Asian region on a broader basis and will open up new growth potential.
- “Due to the cooperation with GoldSilver Central, we are able to give new impetus to our presence in Asia,” said Raphael Scherer, Chief International Officer (CIO) and member of the Degussa management board. “With this step we also want to strengthen our position in Singapore, one of the most important precious metal trading centres in Asia and offer local customers access to the Degussa gold and silver bars as well as our lifestyle items.”
- Since its launch in 2011, Degussa has developed into the European market leader amongst the independent precious metal retailers with branches in ten sites in Germany as well as internationally in Zurich, Geneva and Madrid. Furthermore, in 2013 the company also took over London precious metals company Sharps Pixley.
- “We look forward to this collaboration with Degussa and are exploring new strategies to provide better solutions and choices for Precious Metals Investments in Asia.” Said Brian Lan, Managing Director of GoldSilver Central. “The continuation of this partnership enables both companies to leverage on each other’s knowledge and network to create new business opportunities and most importantly, to benefit Precious Metals Investors in Asia.”
- GoldSilver Central was also established in 2011, in Singapore, and specialises in the physical trading of gold, silver and platinum for both individuals and businesses. Hereby the company offers a wide range of products and services with the aim of offering private investors the opportunity to invest in precious metals at competitive prices such as the first spot deliverable precious metals platform – GSC Live!. GoldSilver Central is a member of the Singapore Bullion Market Association (SBMA) which was founded in 1993 with the aim of making Singapore a centre for gold trading in South East Asia.
ENDS
For media requests, please contact:
Beata Liew
Manager, Branding & Marketing
GoldSilver Central Pte. Ltd.
T: (65) 6222 9703
E: beata.liew@goldsilvercentral.com.sg
About GoldSilver Central
GoldSilver Central Pte Ltd, a Singapore registered company since 2011 specialises in physical bullion trading in gold, silver and platinum at real-time pricing, industry bullion supply, bullion buying and selling, collateral loan and secured storage under GoldSilver Central’s Bullion Storage Program at the Le Freeport.
GoldSilver Central has been awarded Authorised Distributorship for Perth Mint products and also the Authorised Dealer for the Government Guaranteed Perth Mint Certificate Program. GoldSilver Central differentiates itself from its competitors with its full suite of integrated precious metals products and bullion services with a focus on making physical bullion investment accessible and liquid to the individual, at leading competitive rates.
GoldSilver Central is a current local associate corporate member of the Singapore Bullion Market Association (SBMA), formed in 1993 to support Singapore’s goal to be a physical bullion hub in Southeast Asia.
For further information, please visit www.goldsilvercentral.com.sg
Contact email: enquiry@goldsilvercentral.com.sg | Tel : (65) 6222 9703
GoldSilver Central’s office is located at 03 Pickering Street #01-15/16 Nankin Row Singapore 048660.
About Degussa Goldhandel
The name Degussa is synonymous like no other with quality and durability in the world of precious metals. This tradition is now being continued by Degussa Goldhandel GmbH, which has been active in the precious metals market since 2011. As a globally operating company for gold, silver and platinum metals, Degussa has since become the market leader among bank-independent precious metal traders.
Degussa offers its broad product range at ten national and international locations in London, Zurich, Geneva and Madrid. In addition to bars, coins, numismatics and gold gifts, customers have online shops and services such as the purchase of old gold and storage at their disposal. With its precious metal expertise in trading, recycling and production for industrial customers, the company fully reflects the precious metal cycle.
In 2017, the Degussa Group generated sales of more than EUR 1.5 billion in the private customer segment. The number of employees increased from 150 in 2016 to almost 160 in 2017.
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.
Published: 17 February 2017
- GoldSilver Central today announced GSC Savings Accumulation Program (“GSAP”) for physical Gold, Silver and Platinum in Singapore, which taps into the power of the dollar-cost averaging. This development enables investors to diversify into precious metals from as little as SGD 100 per month in regular instalments to their account with GoldSilver Central. With the automatic dollar-cost averaging system, investors can now reduce their risk when participating in the volatile Precious Metals market. For enhanced convenience, investors can have recurring monthly transfers via Fast and Secured Transfers (FAST), cheque or Standing Instructions via GIRO to their GSAP accounts. This program, also commonly known as the “Gold Accumulation Plan” worldwide, existed in Japan since the 1980s and most recently, was made available in China by the Industrial and Commercial Bank of China (ICBC).
- “In line with our vision to make Precious Metals accessible for investors, and keeping in mind the busy schedules of many investors, GSC Savings Accumulation Program is an automatic and easy way of investing in Precious Metals without the worry of timing the markets. Based on data provided by World Gold Council, two-thirds of global gold demand in 2015 was from Asia. Hence, we believe with GSAP, more Asian retail investors will include Precious Metals in their investment portfolio and this program will be a success like how it has been in China and Japan.” said Brian Lan, Managing Director of GoldSilver Central.
- While there are many ways to start investing in precious metals in Singapore, GSAP caters for all retail investors who have the goal of accumulating physical precious metals on a daily basis for a flexible period of time. Investors have the choice to take physical delivery of their metal holdings upon reaching their desired troy ounces or grams. A wide range of physical Gold, Silver or Platinum bullion is available for investors to select and take home from GoldSilver Central. Automatically, account owners will purchase more grams of their desired physical precious metals when prices are lower, and fewer grams when prices are higher. Prices used by the savings accumulation program is based on the GSC 10AM Reference Price which is transparent and readily available to investors.
- GSC Savings Accumulation Program is designed with investors’ interest at heart. This explains the wide range of demographics that this program caters to such as young parents planning for their children’s education and future, young couples planning to save up for betrothal jewelry for their marriage or for seniors planning their retirement.
- “Dollar averaging on daily basis via Precious Metals Accumulation Program is always the most efficient and effective way for retail investors to gain access to physical precious metals. I am happy that GSC is offering this to investors and I am sure it will soon become the most sought after retail precious metals saving products in Singapore and the region judging from my experience in Japan and China” said Albert Cheng, Chief Executive Officer of the Singapore Bullion Market Association and Advisor for the World Gold Council and Shanghai Gold Exchange.
- Based on a recent report released by IE Singapore on Singapore’s position as a Global Precious Metals Trade Hub, Singapore is optimally located and positioned to receive and nurture the growing demand of Precious Metals Investment in Asia. The introduction of GSC Savings Accumulation Program will further strengthen ongoing initiatives by SBMA for the development of a Precious Metals Hub in Singapore.
To view the GSC Savings Accumulation Program Brochure, please click here or visit www.goldsilvercentral.com/GSAP.html
ENDS
For media requests, please contact:
Beata Liew
Senior Branding & Marketing Executive
GoldSilver Central Pte. Ltd.
T: (65) 6222 9703
E: beata.liew@goldsilvercentral.com.sg
About GoldSilver Central
GoldSilver Central Pte Ltd, a Singapore registered company since 2011 specialises in physical bullion trading in gold, silver and platinum at real-time pricing, industry bullion supply, bullion buying and selling, collateral loan and secured storage under GoldSilver Central’s Bullion Storage Program at the Le Freeport.
It is backed by a management team and board of directors with strong financial expertise and experience in physical bullion investments. GoldSilver Central has been awarded Authorised Distributorship for Perth Mint products and also the Authorised Dealer for the Government Guaranteed Perth Mint Certificate Program. GoldSilver Central differentiates itself from its competitors with its full suite of integrated precious metals products and bullion services with a focus on making physical bullion investment accessible and liquid to the individual, at leading competitive rates.
GoldSilver Central is a current local associate corporate member of the Singapore Bullion Market Association (SBMA), formed in 1993 to support Singapore’s goal to be a physical bullion hub in Southeast Asia.
For further information, please visit www.goldsilvercentral.com.sg
Contact email: enquiry@goldsilvercentral.com.sg | Tel : (65) 6222 9703
GoldSilver Central’s office is located at 18 Cross Street, China Square Central #01-24, Singapore 048423.
About the Singapore Bullion Market Association
The Singapore Bullion Market Association (SBMA) was formed in the early stages of Singapore as a bullion hub in 1993. Singapore’s innate attributes of neutrality, stability, excellent connectivity and reputation as an important centre of finance has long appealed to global traders in precious metals.
In 2012, with the lifting of the Goods and Services tax (GST) off Investment Precious Metals (IPM) by the Singapore government, this has since set in motion Singapore’s vision to be Asia’s global precious metal trade hub.
Today, the SBMA plays an essential role of connecting and promoting the Asian bullion market internationally. The association promotes transparency and governance in the Singapore bullion market and plays a pivotal role in market development in Singapore and beyond.
