Category: Gold

Gold price in fiery rally

gold price

Since the start of 2019, gold price went on a rampage to reach an euphoric high of USD1440 per ounce on 19 July 2019. This was a remarkable high of 11% increase since the beginning of the year. Of course this was still way off the peak of USD1900 per ounce seen in 2011, but current form of gold price reflected the resilience of the yellow metal.

What actually fuelled the surge in gold price? Many analysts could not really pinpoint the real cause but two factors could have caused gold price to become bullish in recent months.

Drivers for gold price rally

Firstly, the global trade war and the risk of a no-deal Brexit had increased the level of uncertainties in the financial market. Although most people would agree that the current situation does not reflect a recession, the global growth outlook remains pretty challenging.

Long seen as a safe haven, gold is often regarded as the asset to hold in times of uncertainties. In fact, gold price went on a rampage bull form in the period of The Great Financial Crisis to reach a peak of USD1,900 per ounce in 2011. The euphoria in gold was driven …

Will gold price return to crazy high form?

gold price

Will gold price ever return to its crazy high form? The recent meltdown of Asian Pay TV Trust (APTT) share price must have depressed many investors. Indeed, the Straits Times Index (STI), as a whole, had been performing poorly in 2018. Wealth builders who had ignored the wisdom of diversifying their portfolio in different assets are paying a heavy price now. Should stock investors run for their lives and shift their attention to gold instead?

Recent stock market corrections do not represent a full-blown crisis. But it does not reflect a signal for investors to enter the stock market either. Wealth builders should heed the warning and start insulating their portfolios against the risks unfolding in the market. You certainly don’t want to be caught with your pants down when there is a violent stock market correction.

BullionStar

Then again, it is naïve to assume that the current unrest in the stock markets would lead to higher gold price in the coming months. This is because gold price is intricately linked to the monetary system, financial markets and central bank policies. In short, the drivers for gold price are not as simple as one would think.

Long seen as a safe …

Best price for bullion in Singapore

BullionStar

Where can wealth builders find the best price for bullion in Singapore? Against the backdrop of plunging stock market performance, plenty of investors must be on standby to purchase gold bullion to protect and de-risk their wealth portfolios.

Best Price Guaranteed

Amid the challenging operating environment, BullionStar go one step further by signalling its intent to be the price leader for bullion in Singapore through its “Best Price Guaranteed” for bullion in Singapore. If you find a bullion product with a lower listed price for an available identical bullion product with the same delivery method at one of their Singaporean competitors, BullionStar will match this price and add a FREE GIFT to your order completely free of charge.

Since 2012, Singapore government exempted Goods and Services Tax (GST) for investment grade precious metals. This pro-enterprise move led to a slew of bullion dealers setting up shops in Singapore. Among the first movers was BullionStar. Initially located in the Marina Bay Financial Centre, BullionStar had gone from strength to strength and had expanded into its current location at 45 New Bridge Road, adjacent to both Clarke Quay MRT.

BullionStar

Over the years, BullionStar had become a leading bullion dealer in Singapore. Such …

Is gold a long-term insurance?

buy gold Singapore

Many wealth builders view gold as a long-term insurance. This is because gold offers safe-haven qualities that serve to hedge against inflation and economic uncertainties.  In Singapore, the government encourages the locals to buy and sell gold, with a view of making Singapore a precious metal trading hub.

One of the policies that incentivize Singaporeans to buy gold is the exemption of GST for Investment Precious Metals (“IPM”).  Since October 2012, precious metals in the form of a bar, ingot, wafer and coin which meet certain criteria can qualify as IPM and are exempted from GST.

buy gold Singapore

To qualify as IPM, the precious metal must meet 4 criteria:

  • It is gold of at least 99.5% purity, silver of at least 99.9% purity or platinum of at least 99% purity.
  • A precious metal bar, ingot or wafer refined by a refiner with the following accreditation/ endorsement is regarded as meeting this criterion:

For gold and silver, a refiner in the current or former ‘Good Delivery’ list of the London Bullion Market Association (LBMA);

  • It bears a mark or characteristic that is internationally accepted as guaranteeing its quality.
  • It is not a decorative bar, ingot or wafer or a collector’s bar, ingot or

Gold demand ignites price rally

buy gold Singapore

According to World Gold Council, global demand for gold grew 21% to 1289.8 tonnes, the strongest Q1 on record. As gold demand ignites price rally, many investors are caught by surprise at the yellow metal best performance in 30 years.

The sudden change in the global economic and financial landscape has certainly caused investors to flee for security. Significant uncertainties stem from the sluggish economic growth and the Negative Interest Rate Policies (NIRP) implemented by Japan and European countries. Against this backdrop, many analysts anticipate that the pace of US interest rate increases is expected to slow down significantly. These factors combined to send gold price to rally by 17%, making gold one of the best performing assets in Q12016.

Among the key engine of growth is the astonishing come-back of gold-backed Exchange Traded Funds (ETFs), which saw an increase of 300% this quarter. This is indeed a revelation as it comes about after three years of straight outflow. While this type of scale is unlikely to be sustained for gold ETFs going forward, this trend reflects an improved outlook for gold.

Interestingly, the trend of gold bar and coins followed closely to that of the ETF market in Q1. …

Why SGX Gold Kilobar Contract is a Major Flop

buy gold Singapore

I was reading an article written by BullionStar on SGX Kilobar and could not help but agreed with all the points. The blogger has correctly pointed out the major flaws in the product offering from SGX and also compared it to BullionStar’s products.

From a Singapore Inc perspective, of course I hope SGX’s project will be a success as it could have played a major role in fulfilling Singapore’s desire to become a gold trading hub, thus boosting our economy and creating more high-value jobs for fellow Singaporeans. Unfortunately, SGX messed up royally and thus, I foresee that Singapore may miss the golden opportunity to become a trading hub if the situation is not addressed adequately.

Gold and Silver

Firstly, by setting a 25 x 1 kilo bar of gold contract, SGX has inadvertently made this product exclusive for the big players. Not many retail players can afford to fork out $1.35 million and there are not many gold buyers who are interested in buying 25 kilobars of gold, especially in a small market like Singapore. In this regard, I am quite convinced that SGX has not done much market study on the gold demand before launching this product. If SGX is working …

Make explosive wealth with gold

Gold and Silver

Recently, my wife and I liquidated our UOB Gold Saving Accounts (GSA) again. We are consolidating our funds with the aim of purchasing a new Executive Condominium.

Overall, including the profits made on 25 February 2016, we made a total profits of $800 from gold. Not a huge amount of profits but considering the fact that we held the investments for only three weeks, it was quite a good investment in my opinion. But is it possible to make explosive wealth with gold?

Basically there are two main ways to invest in gold. One is to buy physical gold, that is gold bullion which comes in the form of gold bar and coins. In Singapore, you can purchase gold bullion from BullionStar, one of the largest dealers with more than 300 types of precious metals. The most attractive aspect about buying investment-grade bullion in Singapore is that there is no need to pay tax. Thus, foreigners can take advantage of this and make online purchases from BullionStar and then store their gold in BullionStar’s Vault Storage.

Gold and Silver

However, the thing about buying bullion is that you should not expect to make quick profits out of it. You …

BullionStar: Improvements to the Vault Grams® Program

Below is an announcement from BullionStar concerning its Vault Grams ® Program. Over the years, BullionStar has introduced a slew of innovative products. The re-branding of Vault Grams ® Program to Bullion Savings Program (BSP) will offer wealth builders the flexibility to convert BSP Grams to physical bullion bars. The introduction of the 2-factor authentication will also help to strengthen the security of BullionStar customer’s online account.

Effective 1 December 2015, we will be making several improvements to the Vault Grams® Program which will be re-branded to the “Bullion Savings Program (BSP)” to better capture its new characteristics. Buying and selling BSP Grams will work in the same way as for Vault Grams.

With the Bullion Savings Program, BullionStar will introduce the possibility to convert/withdraw BSP Grams (formerly Vault Grams) to physical bullion bars. You will be able to convert BSP Grams in Gold in increments of 100 gram to 100 gram PAMP Cast Gold Bars. BSP Grams in Silver will be convertible in increments of 15,000 gram to 15 kg Heraeus Silver Bars. BSP Grams in Platinum will be convertible in increments of 1,000 gram to 1 kg Heraeus Platinum Bars.

With the

The strong demand for gold

As the year end festive season approaches, gold demand from China and India consumers pick up as expected. This is because the Chinese and Indian consumers are traditionally known to buying gold jewelleries and bullion during festive seasons. In the latest report from World Gold  Council, the Indian demand was up by 15% to 211 tonnes, while China’s demand increased by 4% to 188 tonnes in Q3 2015. The bullish outlook for gold underlies the strength of the demand of gold bars and coins.

To be a successful wealth builder, one must always adopt a contrarian approach and buy on price dips. This is applicable regardless of any form of financial instruments. For gold and silver bullion, this is no different. In Q3 2015, the outflow of ETF led to a price dip for gold, thus resulting in increased consumer demand. This is because global investors saw the gap and capitalized on buying opportunity. The investment demand saw a spike in this quarter, up 27% to 230 tonnes. In particular, the Western market saw a surge of estimated 33%. The increased in demand was probably triggered by the Greek debt crisis and uncertainties in Europe arising from the standoff between …

Importance of trust and reputation in the bullion industry

For many years, there were reported cases of Singapore wealth builders fallen prey and lost huge chunk of their wealth to various gold scams. This is not surprising as many bullion dealers set up shops following the implementation of GST exemption of investment grade physical precious metals in 2012. To avoid being ripped off by dishonest bullion dealers, always buy from reputable and trustworthy bullion brokers. Don’t ever go for the ones that offer the lowest premiums because good things don’t come cheap, and cheap things don’t certainly come good.

Developing trust is critical in the bullion industry. To this end, BullionStar has recently reported a good FY2015 report. Revenue grew 43.8% as compared to FY2014. This growth was remarkable given that it took place in the wake of falling precious metal prices. Asian demand had been strong as investors took the opportunity to accumulate bullion to their portfolios at a bargain. So clearly, BullionStar’s CEO, Mr Torgny’s bet on Singapore being Asia’s gold hub had paid off.

BullionStar CEO

In terms of financial strength, BullionStar had been profitable since FY2014 and FY2015. The company also has no outstanding long term debts to financial institutions. Going forward, the company foresee that FY2016 …

My gold journey with BullionStar

BullionStar announces their 3rd Year Anniversary celebration! Time really flies and it seems like yesterday when I forged a working relationship with BullionStar to promote understanding of gold bullion among Singapore readers. Since then, the company has grew from strength to strength and has became a leading bullion dealer in Singapore. It never fails to amaze that the company has managed to achieve this incredible feat within such a short period of time. In this regard, I am proud and honored to be part of their journey, even though I am not their staff.

Even though the gold and silver price premiums of BullionStar are not the lowest you can find in Singapore, what differentiates it from the rest of its competitors is its reputation and content authority on precious metal. The founder of the company, Torgny Persson has a strong conviction in gold as a form of wealth building and firmly believes that Singapore is the most ideal country to invest in gold bullion.

I have gained much insights on gold and silver from my conversations with Torgny and through the years, my perspective on wealth management has been broaden. Like many Singapore investors, I used to think that …

Last Chance for Gold Investors

Dow Jones plunged 2 percent on 20 August and seemingly continued its slide on 21 August as uncertainty over the Fed’s timing on interest rate hike and global growth weighed on investors’ confidence in the financial markets. Weak data on China’s growth also dealt another mighty blow to investors and heightened fear on the world number two economy. Given the volatility in the stock market, it is no surprise that investors turn to gold.

Widely seen as a safe haven, investors drove gold price up 7% from a 5-year low in 5 August. This development is a reverse on the recent bearish sentiment on precious metal. According to World Gold Council, demand on gold dropped 12% on a 6 year low in 2Q 2015. The gold market also faced weakness from jewellery buyers in China and India. However, it should be noted that the 2nd half of the year would be more encouraging given the anticipated responses from investors in view of the recent price correction.

Investors seeking wealth protection should diversify their assets and allocate a certain portion of their wealth in gold and silver. The current window is a good opportunity for wealth builders to adopt buy …

Gold demand falls in Q2 2015 as reduced consumer appetite in Asia outweighs increased buying in some western markets

Below is an update on gold trend from World Gold Council. Notwithstanding the recent gold’s price drop and declining demand, gold investors should take a contrarian approach and seize this opportunity to buy gold. In Singapore, you can purchase gold and silver bullion from BullionStar, one of the leading bullion dealers.

The World Gold Council’s Gold Demand Trends report for Q2 2015 shows total demand was 915 tonnes (t), a fall of 12% compared to the same period last year, due mainly to a decline in demand from consumers in India and China. However, demand in Europe and the US grew, driven by a mixture of increasingly confident jewellery buyers and strong demand for bars and coins. Looking ahead, there are encouraging signs moving into what are traditionally the busiest quarters for gold buying in India and China.

Gold and Silver Bullion

Gold and Silver Bullion

Alistair Hewitt, Head of Market Intelligence at the World Gold Council, said:

“It’s been a challenging market for gold this quarter, particularly in Asia, on the back of falls in India and China. The reverse is true for western jewellery markets, as increased economic confidence led to continued growth in consumer demand. It is  fair to say …

BullionStar explained the merits of fractional gold coins

Below is an article from BullionStar, a bullion dealer based in Singapore which exempted investment grade precious metals from the goods and services tax (GST). Just like BullionStar, one of the the goals of SG Wealth Builder is to educate Singaporeans on the merits of owning gold and silver bullion as a means of wealth preservation. 

Often, customers come into our shops and ask for the gold coin with the lowest premium. In this case, our answer is always the Royal Canadian Mint 1 oz Gold Maple Leaf. The Gold Maple Leaf offers not just the best value for money, but you also buy into a brand that is globally recognized for high manufacturing quality.

Why then, do we offer fractional coins in the form of fractional gold maples, kangaroos, pandas and lunar series and why do people purchase them even though the premiums are higher? Today’s editorial will discuss the different reasons people who buy gold buy fractionals.

Liquidity

Fractional coins offers the advantage of liquidity. Should one need a sum of money, one can sell a ¼ oz coin for example instead of selling an entire ounce. Now this is especially useful when the price where one

Gold Spot Price at Five Year Low

At USD1098 per ounce, gold price has fallen to a five year low. At the rate it is going, gold price seems on course to drop below the critical support level of USD1000. Many analysts also predict that the correction will last till the year end.

But then again, when it comes to gold, nobody can accurately predict the direction of its price. After all, the world has regarded the precious metal as safe haven and expected its price to escalate in view of the current Greece debt crisis and the recent China stock market rout. But it recent performance has confounded even the ardent gold bugs.

To put things into perspective, the gold rally has lasted for more than ten years already. From 2001, gold’s price rocketed from USD300 per ounce to USD1800 per ounce in 2011, making many gold investors rich. Invariably, an asset bubble is clearly forming. And whether investors like it or not, a massive correction for gold price is looming. So it is unsurprising that gold price is 40% lower than the 2011 peak.

The meltdown in gold price was initiated in 2011 when US economy began to revive following the financial crisis. For the …

BullionStar: China’s Stock Market : A short summary of the rout and what lies ahead

Below is an article from BullionStar, a bullion dealer based in Singapore which exempted investment grade precious metals from the goods and services tax (GST). Just like BullionStar, one of the the goals of SG Wealth Builder is to educate Singaporeans on the merits of owning gold and silver bullion as a means of wealth preservation. 

The almighty Shanghai Stock Exchange Composite Index has been one of the best performing financial asset, hitting a 7 year peak in the middle of July and having risen by more than 150% in the past 12 months. Shocking then, when it starting plunging and plunging with 30% of it’s market value lost in the following 3 weeks. The sell-off is incredible considering that 80% of the index consist of retail investors and not the traditional huge institutional investors. The high retail investor percentage in the index has been due to the availability of cheap credit made available and the availability of margin lending by brokers.

What happened after the plunge?

In the wake of the plunge, the Chinese government intervened and allowed almost half of the companies trading on the Shanghai Stock Exchange Composite Index to suspend trading of their shares to

Increased demand for physical gold

Below is a piece of editorial from BullionStar, a bullion dealer based in Singapore which exempted investment grade precious metals from the goods and services tax (GST). Just like BullionStar, one of the the goals of SG Wealth Builder is to educate Singaporeans on the merits of owning gold and silver bullion as a means of wealth preservation.

Singapore: Demand for physical gold has increased significantly in the last week leading up to the Greek referendum and is expected to continue to increase following Sunday’s outcome of the referendum with 61 % voting No.

Mr. Torgny Persson, CEO of BullionStar Pte Ltd says: ”Demand for gold has more than doubled in the last week compared to previous weeks and is at much higher levels than what is normal for the season. We’ve seen a large influx of new customers not only concerned about the Greek situation but also concerned about the state of the global economy with its unprecedented debt levels.”

Gold refineries and wholesalers around the world are likewise reporting higher sales and people are concerned about the risk of looming gold shortages.

Mr. Persson continues “We are still well stocked on most products but replenishing is starting …

Release of second half 2015 Government Land Sales (GLS) Programme

On 11 June 2015, the Singapore Government announced the second half 2015 (2H2015) Government Land Sales (GLS) Programme, which comprises 4 Confirmed List sites and 13 Reserve List sites. These sites can yield up to 7,825 private residential units, including 1,340 Executive Condominium (EC) units, and 277,580 sqm gross floor area (GFA) of commercial space.

Among the Confirmed List sites, Alexandra, Clementi and Siglap are expected to generate the most interest since they are located in matured estates. The Siglap site alone will generates about 750 units. Overall, the Confirmed List comprises 4 private residential sites (including 1 EC site) which can yield about 2,130 private residential units (including 520 EC units).

For the Reserve List, the Stirling site is bound to attract competitive bids from developers as it is located at the popular Queenstown area. The site can accomodate more than 1110 units. The Bedok South Avenue 3 site is also expected to generate interests among buyers as it is located near the Tanah Merah MRT and Bedok Town Centre. The Reserve List comprises 8 private residential sites (including 1 EC site), 2 commercial & residential sites, 2 commercial sites and 1 White site. These sites can yield about …

Authentic gold in Singapore

Below is a piece of editorial from BullionStar, a bullion dealer based in Singapore which exempted investment grade precious metals from the goods and services tax (GST). Just like BullionStar, one of the the goals of SG Wealth Builder is to educate Singaporeans on the merits of owning gold and silver bullion as a means of wealth preservation. This article will discuss where to buy authentic gold in Singapore.

We often get questions on the authenticity of different products.

How can I know it’s really gold?

How can I test?

Is there a certificate of authenticity included?

Let’s address the last question first. Most bullion bars and bullion coins don’t come with any certificate of authenticity. The refinery’s stamp on the coin or bar is the refinery’s guarantee of the authenticity.

gold bullion Singapore

It’s after all much easier to fake a piece of paper certificate than it is to fake the metal. As a matter of fact, a metal can’t be faked, it can only be imitated in regards to some characteristics but never all.

One of the most important characteristics for gold is its high density. The density for gold is 19.3 g/cm3 which is almost the highest density

Singapore is among top 40 countries with reported official gold holdings

BullionStar

In the latest gold demand trends reported by World Gold Council, it was stated that Singapore central bank amassed more than 120 tonnes of gold as reserves. The amount constitutes only 2% of our reserves and the report also ranked Singapore as number 27. The top country with the most gold holding is USA, with more than 8100 tonnes of gold, followed by Germany with 3400 tonnes. Not surprisingly, North America and Europe dominated the list.

Determining the official gold holdings and demand trends are challenging, given the lack of transparency and sheer complexity of the gold market. The report by World Gold Council is based on a complex methodology of data collected from domestic sources and international trade.

The important thing that can be gleaned from the report is that there was a 17th consecutive net purchase by various governments, reflecting a sign that central banks continue to rely on bullion as a form of hedge against volatile currency movements.

gold

Given that Singapore is neither a country known for gold consumption nor a gold exporter, our strong gold holding reflects the government’s belief in the precious metal’s status as a form of holding value. This is probably because the …

How to buy gold and silver bullion online in Singapore

One of the best things about e-commerce is that it allows retail investors to make orders online and have the purchases deliver to home, thus saving a lot of hassle for investors. In Singapore, you can buy gold and silver bullion online from BullionStar, a bullion dealer based in Singapore which exempted investment grade precious metals from the goods and services tax (GST). You can choose to self collect your bullion at BullionStar’s store, or opt for home delivery. Alternatively, you can choose to store your bullion at BullionStar’s vault storage.

There are 4 easy steps to buy your precious metals through BullionStar as described below. A more detailed step by step guide is available here.

Step 1: Place the desired products in your shopping cart. There is no minimum or maximum amount when purchasing from BullionStar.

Step 2: Click “Checkout” in the Shopping Cart to go to the checkout. Select delivery and payment method in the checkout.

Step 3: Confirm and pay for your order.

Step 4: Depending on the delivery method you have chosen, your products will be:

– Available for pick-up at 45 New Bridge Road, Singapore 059398. No appointment for pick-up is necessary.

– …

SG Wealth Builder Email Interview with BullionStar

gold

SG Wealth Builder is pleased to conduct an email interview with Torgny Persson, CEO of BullionStar, a bullion dealer based in Singapore which exempted investment grade precious metals from the goods and services tax (GST). Just like BullionStar, one of the the goals of SG Wealth Builder is to educate Singaporeans on the merits of owning gold and silver bullion as a means of wealth preservation. 

1) Mr Torgny, in your opinion, what is the outlook for gold in 2015? Given that the economy recovery is gaining traction in United States, would there be any negative or positive impact for gold prices moving forward?

The so called recovery is a phony recovery in my opinion. The economies in the West are facing a lot of underlying problems with unprecedented debt levels, trade imbalances, high unemployment and misallocated investments. The current monetary system based on fiat credit and fractional reserve banking is going to implode under the debt burden. The price of gold thus hasn’t got so much to do with gold but everything to do with how worthless our currencies get.

Gold will revalue significantly in terms of purchasing power in the monetary reset we are soon to embark …

Bullion Star Financials 2014

gold bullion Singapore

In a step to further increase customer transparency, Bullion Star published its financial information such as sales revenue, number of orders, average order, medium order, website visits and other key data in its website on 14th March 2015.

Sales revenue was impressive and amounted to $53 million with average order of $6475. BullionStar.com also had more than 850,000 visits from 268,000 unique visitors in 2014. Among the 180 different products that Bullion Star carries, gold bars were the most popular products, consisting of 52% of its total sales, followed by silver bars (18%).

To be frank, I struggle to find another bullion dealer that carries so many variety of bullion products that Bullion Star offers. Furthermore, the prices of their bullion products are among the most competitive that you can find in Singapore.

The company was started in 2012, straight after the Singapore government announced GST removal for investment grade precious metals, and became operational in 2013. SG Wealth Builder is honored to partner with Bullion Star to bring new exciting technology into the precious metal industry since 2013!

Among the various product offerings of Bullion Star, my favorite one is the Bullion Savings Program (BSP) that are fully backed …

BullionStar is hiring!

Below is newsletter from BullionStar, a Singapore online bullion company where you can buy gold and silver at competitive prices. To be a successful wealth builder, investors must always stay ahead of the the curve and keep abreast on the latest development in investment trends. For the past few years, the government has been trying to establish Singapore as a precious metal trading hub, with the aim of creating good job opportunities for Singaporeans. The salaries offered by BullionStar is really attractive and competitive. So Singaporeans should have no valid reason to complain the lack of good paying job positions in Singapore. Read on to find out more

BullionStar is currently hiring for customer service roles. Singapore is the go to place in the world for precious metals. If you are passionate about the bullion industry, now is the time to join our team!

 We are hiring 1-2 people for customer service roles which include serving bullion customers, handling transactions, handling bullion and carrying out various administrative tasks.

BullionStar is a fast paced company. To contribute to our team you will have the following skills:

– Accurate and meticulous
– Versatile and hard working
– Communicative taking initiatives and giving …

Gold Bars traded without spread in Singapore – A world’s first!

Below is a press release from BullionStar Pte Ltd, a Singapore registered bullion dealer offering GST exempted precious metals for savings and investment. The Singaporean government exempted precious metals in 2012 with the objective of making Singapore a trading, transit and storage hub of precious metals.

Gold Bars with No Spread!

Today, BullionStar launches a unique new opportunity to buy and sell physical 100 gram gold bars without any spread between the buy and sell price! The BullionStar 100 gram gold bar is the world’s first physical 100 gram gold bar to be traded with no spread.

The gold bars are minted by the Swiss LBMA accredited refinery Argor-Heraeus for BullionStar with the text “Money since 4000 B.C.” on reverse indicating that gold has been money for some 6000 years.

When you buy 10 or more of these gold bars there’s no spread between the buy and sell price whatsoever. For purchases of less than 10 bars, there’s a small spread of 0.6 % which is still significantly less than normal for 100 gram bars.

BullionStar Mint – Gold Bars with No Spread – 100 gram
    
The gold bars are minted by the renowned Swiss refinery Argor-Heraeus and comes sealed …

BullionStar explained the difference between spot price and price premium

BullionStar

Below is an article from BullionStar, a bullion dealer based in Singapore where you can buy and store gold and silver at competitive prices. BullionStar was established in 2012 after Singapore government exempted investment grade precious metals from the goods and services tax (GST). Just like BullionStar, one of the goals of SG Wealth Builder is to educate Singaporeans on the merits of owning gold and silver bullion as a means of wealth preservation. 

Product Price Premium
Precious metals and bullion products in physical form often have a higher price than the spot-price. The spot-price is the price for which someone can buy certificates or futures on the commodity exchange. It is however mathematically impossible, based on the paper market volume traded, for these so called paper metal products to be fully backed by physical precious metals.
For customers of BullionStar, they can check the price premium by clicking on a specific product in the product overview to reach the product details page where price per gram, price per troy oz, the premium above the spot price and the spread between the buy and sell price are listed.
Price

Premium for Precious Metals
There are two components in the price

How to invest in gold in Singapore

I would like to know how to buy gold and invest for my future? Thank you – Ridhwan
There are many ways to invest in gold. Typically, you may buy gold jewellery, invest in gold mining stocks, ETF or gold derivatives. But personally, I prefer to invest in gold bullion, such as coins and bars. This is because in Singapore, the government has removed GST for investment precious metal (IPM). Last year, in one of my articles, I touched on Singapore’s exemption on the investment precious metal (IPM). 
Singapore’s regulatory framework for gold 

Basically, with effect from 1 Oct 2012, the importation and supply of IPM in Singapore are exempt from GST. The supply of IPM which is exported continues to be zero-rated. However, only precious metals in the form of a bar, ingot, wafer and coin which meet certain criteria can qualify as IPM.

To provide certainty, precious metal coins that qualify as IPM are prescribed in the GST Act. Precious metals which do not meet the criteria cannot qualify as IPM and the supply of non-IPM continues to be taxable. Examples of non-IPM are jewellery, scrap precious metals, numismatic coins and precious metals which are refined by refiners

Singapore Kilobar Gold Contract To Launch in October 2014

To be a successful wealth builder, investors must always stay ahead of the the curve and keep abreast on the latest development in investment trends. As mentioned in my previous articles, in the past few years, the government has been trying to establish Singapore as a gold trading hub. Given the huge demand for gold from China and India, Singapore is strategically located to cater to the needs of Asian investors. Ultimately, the aim is to create more opportunities for retail investors and also to create higher value job opportunities.

International Enterprise (IE) Singapore, Singapore Bullion Market Association (SBMA), Singapore Exchange (SGX) and the World Gold Council, today announced that the new exchange-traded Singapore Kilobar Gold Contract (“Contract”) will launch on Monday, 13 October 2014.
The Contract is the first wholesale 25 kilobar gold contract to be offered globally and is the result of a successful collaboration among the four parties. The Contract caters to the continuing strong demand for physical gold in Asia, which has increased significantly over the last decade. Its introduction underpins the creation of a centralised kilobar gold market, characterised by real-time transparent price discovery, daily expiration with physical delivery and robust

BullionStar: India’s June Gold Import Highest in 12 Months

Below is an article from BullionStar, a Singapore online bullion company where you can buy gold and silver at competitive prices. BullionStar was established in 2012 after Singapore government exempted investment grade precious metals from the goods and services tax (GST). 

Despite the fact the new Indian government, led by Narandra Modi since May, hasn’t lowered the import duties on both gold and silver, Indians keep on buying precious metals. Despite the fact we already knew this, there was less gold being smuggled into the country and more imported through official channels last June; 77 tonnes were gross imported, which is up 48 % from a month earlier, and up 75 % from June last year. This was accompanied by falling premiums.Gross export in June accounted for 4 tonnes, according to India’s customs department DGCIS. One of the import restrictions the Indian government implied on gold in 2013 was the 80/20 rule; of every amount of gold imported 20 % has to be re-exported. The gross amount exported in June falls short of the required 15.4 tonnes (20 % of 77 tonnes is 15.4 tonnes), meaning importers have some overdue obligations to be met in coming months. The other restriction 

BullionStar introduces the 2015 Perth Mint Lunar Series coins

Below is an article from BullionStar, a Singapore online bullion company where you can buy gold and silver at competitive prices. BullionStar was established in 2012 after Singapore government exempted investment grade precious metals from the goods and services tax (GST). 

I am eagerly waiting for the 2015 Australian Lunar Gold Goat to be launched for sale because I hope to buy one set for my baby girl. Nonetheless, I am surprised that BullionStar is already selling the silver coins so many months before the Chinese Lunar New Year!
Introducing the 2015 Perth Mint Lunar Series coinsThe 2015 Australian Lunar Silver Goat is now available in stock for immediate delivery.

The Chinese Lunar Calandar
The ShengXiao, is known in English as the Chinese Zodiac. The Chinese zodiac is a system that relates each year to an animal according to a repeated 12-year cycle. It is based on the ancient 12-year Chinese Lunar Calendar, which dates back beyond 2,600 BC. The Shengxiao includes animals in the following order :
Rat, Ox, Tiger, Rabbit, Dragon, Snake, Horse, Goat, Monkey, Chicken, Dog, Pig.

Each animal is associated with certain characteristics and in 2015, we will usher in the year of the Goat.

2015: Year of the Goat
The goat is