BUY GOLD BULLION & BUY SILVER BULLION IN SINGAPORE AT BEST VALUE!
Gold Price Singapore offers a range of Gold Bars, Gold Coins, Silver Bullion Bars and Silver Bullion Coins.
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Invest In Physical Gold
Gold has always been a preferred asset class for investors. It acts as an effective hedge against economic crisis and secures your assets as it is a safe haven to protect you against inflation of currency.
Looking to buy physical gold to secure your assets as safe haven by preserving the value of your national currency?
We offer physical gold purchases for a series of Singapore Minted Gold Bars and Gold Coins ranging from 1 grams to 100 grams at the Best Price when we have Used Gold available.
We are committed to provide the Best Value for your gold and silver bullion purchase!
Why Invest In Physical Silver
Scottsdale Silver .999 Fine Silver Bar 1 oz
Scottsdale Omnia .999 Fine Silver Rounds 20 oz
Silver coins are possibly the oldest mass produced form of coinage. Silver has been used as a coinage metal since the times of the Greeks. Their silver drachmas were popular trade coins.
As with all collectible coins, many factors determine the value of a collectible silver coin, such as its rarity, demand, condition and the number originally minted. Ancient silver coins coveted by collectors include the Denarius and Miliarense, while more recent collectible silver coins include the Morgan Dollar and the Spanish Milled Dollar.
Other than collector's silver coins, silver bullion coins are popular among people who desire a "hedge" against currency inflation or store of value. Silver has an international currency symbol of XAG under ISO 4217.
Before 1797, British pennies used to be made out of silver while the ancient Persians used silver coins between 612-330 BC.
In precious metals bull markets, investing in silver instead of investing in gold provides greater percentage gains because silver outperforms gold in precious metals bull markets. In rising demand of precious metals markets, silver turns in greater percentage gains than gold. Diversification is a good choice when come into precious metals.
Adding to the appeal of silver to investors is the huge--and growing--industrial demand for silver, which means that investing in silver could be profitable for years to come.
But, the primary reason investing in silver instead of gold results in greater profits is that silver is "the poor man's gold." When the masses come to this market, people buy silver, and in the aggregate the masses have more money than the wealthy.
That is the main reason why we now carry silver to meet the demand in Singapore.
Why silver is used for coinage
Silver coins were among the first coins ever used, thousands of years ago. The silver standard was used for centuries in many places of the world. And the use of silver for coins, instead of other materials, has many reasons:
Silver is liquid, easily tradable, and with a low spread between the prices to buy and sell. A low spread typically occurs when an item is fungible.
Silver is easily transportable. Silver and gold have a high value to weight ratio.
Silver can be divisible into small units without destroying its value; precious metals can be coined from bars, or melted down into bars again.
A silver coin is fungible: that is, one unit or piece must be equivalent to another.
A silver coin has a certain weight, or measure, to be verifiably countable.
A silver coin is long lasting and durable. A silver coin is not subject to decay.
A silver coin has a stable value and an intrinsic value. Silver has been an ever scarce metal
Silver as an investment
Silver, like other precious metals, may be used as an investment. For more than four thousand years, silver has been regarded as a form of money and store of value. However, since the end of the silver standard, silver has lost its role as legal tender in many developed countries such as the United States. In 2009, the main demand for silver was for industrial applications (40%), jewellery, bullion coins and exchange-traded products.
Due to rising demand in silver, we carry quality fine silver bullion bars and fine silver bullion coins.
Silver Bars
A traditional way of investing in silver is by buying actual bullion bars. In some countries, like Switzerland and Liechtenstein, bullion bars can be bought or sold over the counter at major banks.
The flat, rectangular shape of silver bars makes them ideal for storage in a home safe, a safe deposit box at a bank, or placed in allocated (also known as non-fungible) or unallocated (fungible or pooled) storage with a bank or dealer. Silver is traded in the spot market with the code "XAG". When settled in United States Dollars, the code is "XAGUSD".
Various sizes of silver bars:
1000 oz troy bars – These bars weigh about 68 pounds avoirdupois (31 kg) and vary about 10% as to weight, as bars range from 900 ozt to about 1,100 ozt (28 to 34 kg). These are COMEX and LBMA good delivery bars.
100 oz troy bars – These bars weigh 6.8 pounds (3.11 kg) and are among the most popular with retail investors. Popular brands are Engelhard and Johnson Matthey. Those brands cost a bit more, usually about 40 cents to 2.00 dollars per troy ounce above the spot price, but that price may vary with market conditions.
Odd weight retail bars – These bars cost less and generally have a wider spread, due to the extra work it takes to calculate their value and the extra risk due to the lack of a good brand name.
1 kilogram bars (32.15 oz troy)
10 oz troy bars and 1 oz troy bars (311 and 31.1 g)
Silver Coins and Silver Rounds
Buying silver coins is another popular method of physically holding silver. Examples are the one ounce 99.99% pure Canadian Silver Maple Leaf and the one ounce 99.9% pure American Silver Eagle. Coins may be minted as either fine silver or junk silver, the latter being older coins with a smaller percentage of silver. U.S. coins 1964 and older (half dollars, dimes, and quarters) are 25 grams per dollar of face value and 90% silver (22½ g silver per dollar). All 1965-1970 and one half of the 1975-1976 Bicentennial San Francisco proof and mint set Kennedy half dollars are "clad" in a silver alloy and contain just under one half of the silver in the pre-1965 issues.
Junk-silver coins are also available as sterling silver coins, which were officially minted until 1919 in the United Kingdom and Canada and 1945 in Australia. These coins are 92.5% silver and are in the form of (in decreasing weight) Crowns, Half-crowns, Florins, Shillings, Sixpences, and threepence. The tiny threepence weighs 1.41 grams, and the Crowns are 28.27 grams (1.54 grams heavier than a US $1). Canada produced silver coins with 80% silver content from 1920 to 1967.
Other hard money enthusiasts use .999 fine silver rounds as a store of value. A cross between bars and coins, silver rounds are produced by a huge array of mints, generally contain a troy ounce of silver in the shape of a coin, but have no status as legal tender. Rounds can be ordered with a custom design stamped on the faces or in assorted batches.
We are the Authorized Dealer in Singapore for Scottsdale Silver products.
Scottsdale Silver provides some of the most exceptional bullion products available to consumers today. They have a strict policy of only providing the finest bullion products that exceed the highest standards which pass their guidelines of purity/weight, quality, and craftsmanship.
All of the Scottsdale Silver products are ISO:9001-2008 certified and authorized by Internal Revenue Service of the United States of America for use in IRA accounts.
100% Guaranteed for Purity – Scottsdale Silver fully stand behind each and every product they deliver.
COMMITMENT TO ENVIRONMENT - SCOTTSDALE SILVER IS GREEN!
A portion of our silver bullion has been recovered from the photography and manufacturing industry. This award-winning recycling process refines the highest purity materials to a final percentage of .999 or greater which meets or exceeds ASTM purity standards. Every ounce recycled saves the energy and environmental impact of mining new metal. When you buy Scottsdale Silver from us, you are doing your part to support environmentally responsible business.
"One" by Scottsdale Silver - 1 Oz Silver Bar video:
Scottsdale Silver Omnia Round video:
Click Here to place an order for silver bullion now.
How To Invest Physical Gold In The Cheapest Way?
(1) Invest in gold for physical gold purchases at bank price in cash, cheque or bank transfer payment. Applicable for 10g and above.
(2) Enjoy cash rebates or points for physical gold purchases using Credit Card. Check with your bank for more information.
(3) Utilise Credit to own physical gold, no high spread (overprice value) on physical gold purchase. We offer the best value for your physical gold purchases.
(Gold prices quoted are based on the daily international gold price
adjusted for the Singapore market conditions)
Singapore Minted Fine Gold Bars and Fine Gold Coins With SAO Hallmarking
We are the Distributor in Singapore for PureGold.sg products
Discover Singapore Through Gold - Most Fineness Gold Creations Made in Singapore
Singapore Orchid 1oz 999 Fine Silver Bars, Most Prestigious Silver Made In Singapore Video:
To become our Authorized Dealer for PureGold.sg products, you may email your request to us at sales@goldprice.com.sg
Why People Invest In Gold?
Historically, physical gold bullion bars have been a proven method of preserving value when a national currency was losing value. If your current investments are valued in a depreciating currency, allocating a portion to gold assets will be similar to a financial insurance policy. In the past few years, the climb in the gold price goes above $800 per ounce is due to many factors, one being that the dollar is losing its value.
As the matter of fact, if you ask hundred of gold buyers why they like to own gold, a respectable majority would answer, "For diversification." Most investors equate diversification with peace of mind. Diversification implies preparation for a variety of potential economic events. If the portfolio is properly structured, it does not matter whether stock markets crash, bonds lose value, or currencies suffer debasement, the hard assets of portfolio will definitely pick up the slack.
Swiss money managers, renowned for their abilities to handle money and manage investments for some of the wealthiest people, recommend a diversification into gold of 10 to 20 percent.
Beyond normal risks of market fluctuations associated with stock and bond investments, there is additional danger of depreciation in the currency underlying the stock or bond. Denominated in domestic currency example pesos, yen, euros, and dollars, these investments reply on sound central bank and government currency management policies to maintain their values. It is conceivable that a corporation or municipality, could be perfectly managed, yet its bonds could still erode in value due to politically expedient currency debasement on the part of federal authorities.
Reasons People say NO to Gold
Gold or physical gold bullion bars do not pay income or interest.
Except for the past five years, gold or physical gold bullion bars have been in bear market after a peak in 1980.
Central banks have tons of bullion gold bars which they occasionally threaten to sell gold.
If you do not count the past five years, gold stocks have not been doing well.
Since gold funds have made big moves over the past five years, it is time for them to drop behind.
Your gold broker probably will not recommend gold funds.
Reasons People say YES to Gold
The dollar is weaken and getting weaker due to national economic policies which does not appear to have an final end.
Gold price appreciation makes up for the lost interest, especially in a bull market.
The past four years are the beginning of a major bull move similar to the 70's when gold moved from $38 to over $800.
The central banks in several countries have stated their intent to increase their gold holdings instead of selling gold.
All gold funds are in a long term uptrend with bullion, most recently setting new all-time highs.
The trend of commodity price increases are relative to gold price increases.
Worldwide gold production does not match consumption. The price will go up with demand.
Most gold consumption is done in India and China and their demand is increasing with their increase in national wealth.
Several gold funds reached all-time highs in year 2007 and are still trending upward.
The short position held by hedged gold funds is being methodically reduced.
U.S. government economic policies over the past decade have systematically projected the U.S. economy down a road with uncontrollable federal spending and an uncontrollably increasing trade deficits. Both will cause the dollar to lose in international value and increase the price of alternative investments, such as gold.
With the recent devaluation of many international currencies, the U.S. dollar was the international safe haven of last resort. We are seeing signs of this ending due to many financial factors, the most important one being a falling dollar.
There are over One Trillion dollars ($1,500,000,000,000) of U.S. debt owned by foreigners which could be repatriated under certain conditions. This could cause a major decline in the value of the dollar and a soaring gold price.
If you believe in 'buy gold low, sell gold high', gold is still low, but climbing.
How to Buy Gold Bullion
How to buy gold bullion is very important to know these days as it is perhaps the best gold you can buy.
Once upon a time the only gold one could buy were the large 400 ounce gold bars or gold coins such as Krugerrand. Time change and nowadays there is a tremendous variety of gold bullion in the form of solid gold coins and bars from many mints and countries.
You can now buy gold bullion bars as small as 1 gram or a 20th of a troy ounce. Of course buying gold bullion bars in such small quantities is not very practical as the cost is so high. The mark up on tiny gold bars includes expensive packaging, certificates and the profit margin of the dealer you are buying from.
You should buy the highest gold bar weight you can afford as you will pay less premium per ounce or kilo that way. As the gold bar price goes up, the premium per ounce decreases also. However, you may want to buy smaller one ounce gold bars if you think you may need to sell some of your gold bars from time to time to cover unexpected expenses. Often the premium for ounce gold bars is not that much higher than for the larger gold bars.
What Is Gold Bullion
Gold bullion is either gold coins and bars of various types, sizes and weights.
The bars come in a variety of sizes and weights from as small as one gram worth a few dollars to the one ounce, ten ounce, one hundred ounce and one thousand kilogram bars as well as the traditional 400 ounce bars or ingots used by large companies and institutions.
All gold, when bought comes at a price and a premium over the spot price (market price), and this changes day by day. The smaller the bar or coin, the larger the premium. There is a specific cost to fabricating gold and that does not change very much. Of course the fabrication costs for gold cons is much higher than bars as they are struck to a much better finish. They are therefore much more expensive to purchase and not really ideal for a gold investor.
What Is The Best Gold Bullion To Buy
When buying gold bullion it is better to buy gold bars in the largest size you can afford. The larger the gold bullion bars you buy are, the closer to the actual value of gold you are likely to get for your money, with a proportionately less margin to pay. There will always be some margin to pay but this can be reduced down to virtually 1 or 2 percent with the larger gold bullion bars. Of course you do have a rising scale of storage and security to attend to so there is a balance to be drawn.
If you can afford the 400 ounce gold bullion bars then it is likely you can afford the transport and storage fees associated with such a large value of gold. Most gold bullion bars of such size are generally kept in bank vaults. If you purchase a 1 gram bar then you will likely pay twice the value of the actual gold. However your security or storage problems will be minor. It will fit in your pocket or could be hidden in your house and virtually impossible to find.
How To Buy Gold Bullion Bars
Basically it starts with, how much are you going to spend? Some things to keep in mind are:
Get the current value of gold per ounce or gram in USD. This is the standard used. Compare this to the price of the gold bullion bars on offer.
Pick that gold bullion bar or those gold bullion bars that more closely match your spending budget and offer the lowest margins.
Ask yourself, "do you really need a certificate?" This is valuable if you later need or want to resell the bar. But, with the smaller gold bullion bars, unless you are prepared to hold onto it for some considerable time, you are unlikely to get your money back due to the margin you have to pay unless the value of gold rises remarkably.
Once you have chosen what you want, you simply pay for the bar and await its delivery. Most people collect gold bullion as a way if preserving or increasing their asset base. Some collect it just as a rewarding hobby. Whatever your reason, if you are thinking you would like to buy gold then the above information will assist you to understand how to buy gold.
Understand Gold Purity
The declared purity (or fineness) of gold bars or gold coins gold content is important as it enables its weight of “fine gold” to be calculated.
The purity is normally marked in parts gold per 100, 1,000 or 10,000 parts. The same gold purity (99.99% by weight) can be expressed as follows:
9999 9,999 parts gold in 10,000 parts
999.9 999.9 parts gold in 1,000 parts
99.99 99.99 parts gold in 100 parts
Although generally there is a widespread preference for small gold bars with precise millesimal purity of 995 or 999.9, gold bars can also be manufactured in other purities or fineness.
Although the below breakdown broadly indicates where specific purities for small gold bars are popular, gold bars are available in a variety of purities in many countries.
999.9 - International
999 - Mainly Indian Sub-continent
995 - Mainly Middle East and Indian Sub-continent
990 - Hong Kong
965 - Thailand
How do you know the physical gold you have is actually pure gold?
Pure gold fineness is measured in grade of 24 karat (24k) which you can find in gold bullion bars, gold coins or gold jewelry.
The purity of gold content of gold jewelry will determine how valuable it is. Gold can be mixed with alloys, metals added into the gold content to strengthen the gold to create more durable jewelry expecially in gold rings and gold bracelets.
The understanding of Gold in different grades of karats:
Grade of 24 karat is where 24 of the 24 parts are gold, making its gold content 99.99% fine gold.
Grade of 22 karat is where 22 of the 24 parts are gold and 2 parts are one or more additional metals, making its gold content 91.7% gold.
Grade of 18 karat is where 18 of the 24 parts are gold and 6 parts are one or more additional metals, making its gold content 75% gold.
Grade of 14 karat is where 14 of the 24 parts are gold and 10 parts are one or more additional metals, making its gold content 58.3% gold.
Grade of 12 karat is where 12 of the 24 parts are gold and 12 parts are one or more additional metals, making its gold content 50% gold.
Grade of 10 karat is where 10 of the 24 parts are gold and 14 parts are one or more additional metals, making its gold content 41.7% gold.
Grade of 9 karat is where 9 of the 24 parts are gold and 15 parts are one or more additional metals, making it 37.5% gold.
The understanding of Gold in millesimal fineness as described below:
24 karat (millesimal fineness 999 or higher)
22 karat (millesimal fineness 916)
21 carat (millesimal fineness 875)
20 karat (millesimal fineness 833)
18 karat (millesimal fineness 750)
15 karat (millesimal fineness 625)
14 karat (millesimal fineness 585)
10 karat (millesimal fineness 417)
9 karat (millesimal fineness 375)
8 carat (millesimal fineness 333)
1 carat (millesimal fineness 042)
Gold coins or gold bars minted in Singapore should have a hallmark to indicate the purity of the gold.
For smaller items like gold rings or gold jewelry, small hallmark should be seen to indicate the grade in karat.
Understand Gold Bar Hallmark
You can determine the Gold Bars bearing the "hallmark" (logo) of internationally recognized refiners. Gold bars with hallmark (logo) are the easiest to sell.
The gold bars are generally stamped 999.9 (999.9% pure gold), along with the individual bar's weight. Chuk Kam (足金) in Cantonese means pure gold, literally "exact gold". It is defined as 99.0% gold minimum with a 1.0% negative tolerance allowed.
Gold bars can be purchased from selected commercial banks, brokerage houses, and precious metals dealers.
Gold Price Singapore Pte. Ltd. is the website reseller to promote series of Singapore minted gold bars, gold coins and other silver bullion products.
We have series of Singapore minted gold bars and gold coins stamped with 999.9 fine gold.
All our creations on GOLD bars & COINS will be sending to assayed by the Singapore Assay Office (SAO) to verify content purity.
All gold bars and coins (10g and above) bearing the PureGold logo (by PureGold.Sg Pte Ltd)
are SAO hallmarked.
Interested to be our reseller / authorized dealer for Physical Gold and Silver Bullion or other business opportunities enquiries, you may contact us at sales@goldprice.com.sg.
