stacking silver

How to buy physical silver coin bars in Singapore? Silver Price in Singapore?

What is silver price today in Singapore?

Silver price in Singapore follows the global pricing with no delays or extra costs. Silver is a precious metal that is easy to ship all over the world. Hence, the price in Singapore is almost the same as any where in the world due to its portability and high value. Pure physical silver in Singapore has no GST taxes so you are not overpaying anything to the government, whether you are a local Singaporean or a foreign tourist.

We can honestly say that Singapore is the best and cheapest place in the world to buy physical silver coins and bars.

UOB Silver Price is follow by older Singaporeans

UOB (United Overseas Bank of Sinagpore) is a local bank dealing with physical silver bars and silver coins as well as physical gold bars and coins. Many people tend to refer to UOB silver price as well as UOB gold price.
This may be suitable as UOB is a large local Singaporean bank. If you prefer UOB Silver Price or UOB Gold Price, do go ahead and stick to this.

canadian maple leaf silver coin tube 2015
canadian maple leaf silver coin tube 2015

Do note that most global and large investors would prefer to stick to silver price checking with https://silverprice.org where you can set USD (prices in United States Dollar) or SGD (Singapore Dollars) or any currencies you prefer.
You can also set the silver in ounce (common usage around international buyers and sellers of silver) or in kilogram or your favourite weight units.

Silver Price Singapore

You can also refer to https://goldsilvercity.com.sg for silver and gold prices (top left corner, live prices of gold and silver prices internationally)
Gold Silver City is a famous portal in Singapore that sells physical silver and physical gold at a very low margin. They are much lower than all jewellers and jewellers backed bullion bars and coins in Singapore (and in the world, because Singapore has no tax on precious metal)
You will find them at a great price.

 

How to buy silver bars and coins in Singapore?

You can buy silver bars and coins in Singapore at silver bars and coins in Singapore

You can check out our website, and make your purchase to lock the gold or silver prices at that moment. Please do a local bank deposits or PAYLAH! to us within 30 minutes to lock the price. You can email us or whatsapp us to confirm our deliveries to you and pay upon meeting too.

For any inquires, do email us at [email protected] or Like us on https://facebook.com/goldsilvercitysg

Gold and Silver Fun Facts

Gold Silver

Fun facts about physical gold

Gold has lower correlations to other asset classes, hence gold is suitable for diversifying your portfolio.

There is limited Gold in this world. The world pours out more steel in an hour than it has pour gold since the beginning of time.

It is actually easier to chance upon a 5 carat diamond than to mine a 1 ounce nugget of gold.

Most of the gold in this world came from meteorites that struck earth 200 million years ago.

 

Fun facts about physical silver

Silver is the best heat conductor among all elements in the periodic tale.

The pound sterling, the United Kingdom’s official currency was initially equal in value to one pound of pure silver, hence the name “pound sterling”.

Silver was valued more highly than gold in ancient Egypt and Medieval European countries.

About 42% of mined silver is used for photography, About 50% is for industrial uses.

Where to buy gold or silver cheaply in Singapore or World?

Many people like to buy silver and gold bullion bars and coins as an investment for the future, where can they buy physical silver and gold in the world?

Where to buy gold and silver?

Do you know you can buy gold and silver bars coins in Singapore because it is the cheapest in the world?

Metalor gold bar 1 kg
Metalor gold bar 1 kg

Singapore happens to be the cheapest and best place in the world to buy gold and silver. We all know that gold is a solid investment, and ethnic Chinese and ethnic Indians love physical gold as an investment for old age or to pass to their children. Silver, as an useful industrial precious metal, is also very popular to buy and hold.

Why is it cheapest to buy gold and silver in Singapore and where?

Singapore, with high GST (Goods and Service Taxes aka VAT) has NO tax on pure bullion gold and pure bullion silver. You are able to buy gold at 0% tax. Many countries in the world impose GST, luxury tax or various way of taxation on gold and silver, and only Singapore and Hong Kong has no tax on gold and silver.

We have visitors from all over the world, including Japan, Indonesia, Philippines, India, Sri Lanka etc who fly in to buy top grade silver bars and coins as well as gold coins and bars because of the 0% tax on pure precious metal.

Silver bar 500g Singapore
Silver bar 500g Singapore

Where to buy gold and silver in Singapore?

1) Jewellery shops

Many jewellery shops that sell gold and silver jewellery at a high premium (craftsmanship and branding for jewelries are expensive) have also pure gold and silver bars in their shop.

Advantages:

Convenient. They are everywhere in shopping malls.
Trustworthy as most jewellery are big corporations

Disadvantages

Costly Premium – They have a high premium on gold and silver bar even when there is no craftsmanship involved.

2) Pawnshop

Many pawnshops do list gold and silver bars and coins from people who have pawned and sold their precious metals.

Advantages:

Convenient. You can find pawnshops in major shopping malls or town centers.
Premium is lesser than jewellery shops.

Disadvantages:

There is still quite some premium attached as the pawnshops need to earn profitably.
Stigma of “old gold” as the gold or silver is sold by someone who needs money.

3) Bullion shops that specialise in gold, silver bullion bars and coins.

We have seen the rise of bullion shops that specialise in selling beautiful coins collection, silver and gold bullion bars and coins. They do not charge a premium as they are non-jewellery shop and does not focus on the branding and craftsmanship.

Advantages:

The lowest premium you can find on gold and silver

Disadvantage:

Not as convenient as there are only 4-5 bullion shops in Singapore. You need to google search for their shops.

Gold Silver City is an ecommerce shop for gold and silver operating in Singapore for more than 10 years. We do insure courier delivery for numismatic coins, and for large value of bullion silver and gold – we are able to visit you at your selected location and deliver personally.
Buy your gold and silver here in Singapore!

Royal Canadian Mint - Gold Maple Leaf
Royal Canadian Mint – Gold Maple Leaf

How to test for Fake Silver?

How do we test for real or Fake Silver?

When we buy precious metals, we want to make sure we get the real, authentic metal. There are many good ways to test for real silver.

Magnet Test

One of the easiest way is to use magnet. Silver and gold are diamagnetic (metals that are not attracted to magnets) and a magnet will not stick to it. Any metal that sticks to magnet is definitely fake.

And real silver has an interesting reaction to magnet. When you move a magnet over the surface of a silver bar, you will feel a small resistance, as real silver is paramagnetic and create electromagnetic waves that resists the movement.

Ice Cube Test

Among all the metal, silver is the best conductor of thermal energy. It conduct heats extremely well. If you place an ice on top of a real silver coin, it will melt immediately, as if it is on a hot surface.

Sound Test

Strike your silver bar with another metallic object. If it is a real silver, you would hear a ringing sound that holds for 1-2 seconds. If the sound is non-ringing or a strange dull sound, please be cautious.

Density Test

Get an accurate scale and note the weight of your silver bar.

Get a glass of water, place it on the scale, and set the scale to ZERO.

Tie the silver bar, dip it COMPLETELY into the water, but without touching the base of the glass. The silver bar should be in the middle of the water, note this new weight number on the scale.

Divide the first weight of the bar, by the 2nd weight number (in the water), this number should be 10.49 for an accurate measurement of Silver density. (Silver Density = 10.49 g/cm3)

Ultrasound Test.

Using special instrument, you can use an ultrasonic device to test for consistency in a bullion bar. Sound waves travel at different speed through different metal. If your silver bar is merely silver plated, the numbers would differ from a pure silver bar of 99.9 purity. The sound velocity for pure silver should be 3600 meters / second (or  0.140 Inch/µSecond)

 

Caliper Test

Many established brand mint has known dimension and tight tolerance levels. For example, a silver Panda coin of 1 oz would have a diameter of 40.0mm and a thickness of 2.98mm. An American Silver Eagle 1 oz has a diameter of 40.6mm and a thickness of 2.98mm Calipers can reveal any inconsistencies in dimensions, and you should refrain from buying such items.

Acid Test

Warning: This test is destructive and will spoil a tiny portion of your silver. Please do not use unless absolutely necessary.

Buy an acid test kit, it is commonly sold on Amazon. Scratch a surface of the silver bullion and add a few drops of the acid on the silver. If it is pure silver, the color would be Bright Red. If it is silver, but not pure, it would be dark red, brown or green. Any other color means it has no silver in it at all.

Some key pointers before you buy that Silver!

  • Buy from a reputable merchant. If you buy directly from something like Ebay or Carousell, there are no guarantees that your product is authentic. (www.goldsilvercity.com.sg is backed by a Singapore firm, Newell Builders Pte Ltd, that has been established for more than 30 years. We are here for long term business. Over time, we have many regular gold and silver clients, check the clients’ reviews at www.facebook.com/goldsilvercitysg)
  • Mints are starting to fight back as well – some newer products have additional security features to prevent counterfeiting.
  • Know and understand how the different tests for fake bullion work, and use them to verify that your gold or silver is real.

 

Buying Gold Silver Guide – Does Brand matter?

GoldSilverCity sells a large variety of brands for both silver and gold, so the question on everyone’s mind is:-

Is brand important for bullion Gold or Silver?

© A2CLICK © A2CLICK

Currently there is a wide variety of differet gold and silver brands.

There are refinery that cast or mint their own brands, selling it as close to spot prices as possible. There are private mints and are government / public mints, there are also financial institutes (such as banks like UOB Gold bar) that forge their own brands on gold / silver that is refined by other 3rd parties.

There are European brands, Americans, Australia brands, Chinese brands etc etc.

Do brands matter?

It actually depends on investors’ preferences. Some brands like RCM (Royal Canadian Mint) is reputed with very pure silver at the lowest premium in the market. Certain other brands, would demand a higher brand premium over the metal value of the bar / coin.

Bar / Coin = Metal Value + Premium

As the metal value depends on the spot prices of the gold and silver, you are essentially paying the premium of the brand.  RCM has low premium. Certain brands like Panda series from China Mint has a much higher premium for its coins.

MintedRectangular_pack_50g_A_800_20130110

Whether it is worth it, it depends on the investor prospector. For example, CML (Canadian Maple Leaf) and ASE (American Silver Eagle) has very low premium over their coins, while Chinese Panda has a high premiums. This premium may not be fixed.

For example, if you have bought CML or ASE in 2011 or 2013 because it costs a lot less than the Chinese Panda series, the current value of CML and ASE in 2015 is still roughly the same as the metal value and the same low premium. Those collectors with the Panda series would be laughing their ways to the banks as the Panda’s premiums has rocketed. Of course this is not a sure thing, so collectors may have to judge their risk-reward ratios.

Pamp Suisse Gold Bar Lady Liberty 1 oz
Pamp Suisse Gold Bar Lady Liberty 1 oz

Another factor is the recognition of the brand. For example PAMP Suisse is highly recognised, especially by the elder generation. Hence PAMP Suisse is seen as a more luxurious brand.

Bullion gold in Singapore has NO GST no TAXES

Lastly, in Singapore, for investment silver and gold that investors can enjoy stacking up without paying the extra 7% GST, they have to patronise only certain brands that are considered IPM (Investment Precious Metals). These brands has to be under LBMA’s (London Bullion Market Association) Good Delivery lists. As such, it is important for stackers to buy silver or gold from these lists as you would be buying them a lot cheaper than if you were to buy a jewellery-branded gold bar that attracts 7% GST.

m2070007_gml-security-pr-rev-305

 

What is your favourite brand?

We have all major favourite gold and silver brands.

Except for numismatic bars and coins set, all the silver and gold in Gold Silver City are all classified under IPM, and hence has NO addition GST on them. It would be much more financial prudent to start investment without paying this extra 7% tax.

 

Buying Gold Silver Guide – Bars or Coins?

Many new stackers would ask, be it Gold or Silver,…

Do I stack in coins or do I stack in bars?

Coins

Funnel web spider silver coin 1 oz
Funnel web spider silver coin 1 oz

Coins generally are a favourite among collectors. They comes in different size, from 0.10, 0.25. 0.5, 1, 2 ounces for gold coins, and more common of 1, 2, 5 ounce for silver coins (silver has a wider range from 0.5 ounce to also 1kg or 10kg silver coin, but less commonly bought)

Coins are easy to stack, since you can stack a brunch of them in easily available tubes. And as we use coins in our everyday currency, coins gain legitimacy and recognition easily.

As most coins are in the common 1 oz size, it is also fairly standardised and easy to compare in value.

And there are many different designs and branding available on coins, such that certain coins’ design attracts a fatter premium. These wide range of designs available on coins allow collectors to diversify and beautify their collections, crossing their investment portfolio as an interesting hobby as well.

The biggest disadvantage of silver coins is that minted coins are prone to milkspots. These are white spots on silver bars or coins, even when you bought it fresh from the mint. Royal Canadian coins are notorious for milkspots on their coins, and generally, collectors have learnt to live with it. Do note that there are ways to remove milkspots, but most investors would not do that as it may reduce the value of the coin. Silver coins also may get “toning”, getting blackish and brown over the years due to discolouration from the oxidation.

Coins also have a bit more premium than bars. Generally you are paying for the melt-value of the metal (the spot price of the precious metals) and the brand / design of the coin. In this aspect, coins has a bit more premium that you have to pay for compared to bars.

On another note, precious metals in round shaped are only classified as “coins” if they are minted by public / government mints and declared as “legal tender”. If they are minted by private mint, they do not have legal tender, and the more correct name for them is “rounds”.

Bars

 

PAMP Suisse 100g Minted Gold Bar
PAMP Suisse 100g Minted Gold Bar

Gold bars and silver bars are common for investors to buy and stack, as they are easy to stack especially in larger volumes. The bars can come in as small as 5g or 1g for gold, and more commonly in larger sizes for stackers, such as 100g bars or 1 kilo bars for gold, or 100 oz, 1 kilo, 5 kilo etc for silver bars.

Silver bars of any size are an excellent way to invest in pure Silver while avoiding the premiums usually found on legal tender bullion coins. They are easily bought and sold, stored, stacked and counted..

Minted bars may still face milkspots, though cast bars are generally more robust and less likely to have milkspot problems. Cast bars also provide a more industrial and raw feel and appeals to some collectors.

Bars has less designs compared to coins, and heavier bars are harder to liquidate due to the weight and large monetary value.

In summary

Coins- Pros

More similar to day-to-day currencies, more standardised.
Many designs available.

Coins- Cons

More premiums payable
Some coins are more prone to milkspots

Bars- Pros

Less premiums, and more large size available for stacking

Bars- Cons

Less designs. Larger bars slightly more difficult to liquidate.

Gold Silver City has categorised gold and silver into bars and coins for easier viewing. Check out Gold Bars or Gold Coins and of course, Silver Bars and Silver coins for different sorting. Hope that helps with your viewing pleasure!

Gold Silver Charting TA 23 Aug 2015

Gold and Silver

Gold
DT
Gold break out of inside day and Diff on Wed, closed off above 1,155 resistance and TL2.  If Gold can hold above 1,155 and TL3 for next few days, it may test 1,224
Potential Resistance  1,224 and 1,293
Potential Support 1,155, 1,072 and 995

Silver
DT
Silver formed a Doji on weekly chart, resisted by TL2.  Outside day is formed on daily and weekly chart, potential of a new trend
Potential Resistance 15.60, 16.68 and 17.55
Potential Support 14.38, 14.22 and 12.70

Sourced with permission from Cillin
http://cillinsg.blogspot.sg/2015/08/gold-and-silver_23.html
Gold Silver coins

Buying Gold Silver Guide – Buy Gold or Silver coins bars?

For all new stackers who wish to start saving their hard earned money in physical metal, the first question usually arise would be:-

Buy physical gold or silver?

Well, firstly gold and silver are precious metals: rare, naturally occurring metal of high economical value. We have used precious metals previous as currency, such as coins and taels. With the creation of modern fiat currency, precious metals are now widely regarded mainly as investment and industrial commodities.

Gold Silver coins
buy silver or gold coins for investment?

The best-known precious metals are  gold and silver. There are other precious metals such as ruthenium, rhodium, palladium, osmium, iridium and of course, platinum. However, these rare precious metals are rarely traded and less liquid as the 2 most common precious metals known to us – Gold and Silver.

Let us focus on Gold and Silver, which are the popular precious metal in Singapore.

Gold Bars and Coins

Update: As of 20th June 2018, the spot price of gold is SGD $1728.25 per troy ounce (USD $1274.31)

Currently as of 16 August 2015, the spot price of gold is SGD $1567.53 per troy ounce (or USD $1114.30)

Valcambi Suisse Minted Gold Bar
Valcambi Suisse Minted Gold Bar

Gold is the most recognised, most liquid precious metal. Not only is it easier to buy, it is easier to liquidate for cash too. Gold is a popular jewellery, but for investment, we would only deal with investment grade gold, in the form of bullion bars or coins. You can buy pure gold coin or bars from bank, such as UOB head branch, or jewellery stores. These are usually a lot more convenient, almost any jewellery stores would have gold bars of different sizes for sales.  Unfortunately, most of these gold bars and coins are sold at a high mark up. The high mark up is mostly because of the high rental costs and branding of the bank or jewellery stores.

Buying gold from bullion shops in Singapore

You can also visit shops that specialise in bullion gold / silver, the markups are low as they specialise in bullion products and generally has less recognition power compared to UOB or big brand jewellery name like Poh Heng Jewellery. A quick search would reveal many bullion shop such as Gold Silver City in Singapore or Gold Silver Singapore.

Gold bars and coins easy to sell and buy

Most importantly, the reason why Gold is the top choice of many investors is because it is so recognised in value and easy to liquidate. You can sell gold easily, without too much loss in value. Most banks and jewellery franchise buyback, though they cut a commission for themselves. You can sell to bullion shops,  majority of them buybacks. You can visit any pawnshops in your neighbourhood and you can get cold hard cash easily. If you bother to use forums, eBay, carousells or other avenues, you can even get a slightly better price. It is that easy to convert your investment into cash.

2015-gold-panda-half-oz-bs2
Panda gold- hot favourite for China nationals and Singaporeans.

The biggest disadvantage of gold is that it is so costly, and it may be difficult for cost averaging when one small gold coin of 1 ounce costs $1600. Thankfully there are gold bars and coins that are smaller. For investment, gold is a bit more demanding on the pocket.

 

Silver bars and coins

Update: As of 20th June 2018, the spot price of silver is SGD $22.16 per troy ounce (USD $16.34)

Currently as of 16 August 2015, the spot price of silver is SGD $21.52 per troy ounce (or USD $15.30)

stacking silver
buying silver bars as an investment

As you can see, the biggest advantage of stacking silver is that it is light on the pocket. One ounce of silver costs you only a meal at a causal restaurant in Singapore.

Robert Kiyosaki calls for buying silver

That is also why Robert Kiyosaki of Best Selling Book  “Rich Dad, Poor Dad” strongly allocates buying silver, even for workers who are struggling to meet the challenges of rising costs of living. One can afford to stash away a few coins or bars monthly to save up for the future, rather than splurging on movies or costly meals.

Another advantage is that many silver investors find silver to be a higher potential in risk-reward ratio than gold. As the price of silver is so low currently, the chances of it doubling or tripling is a lot more likely than gold. ($1600 SGD double to $3200 SGD is a lot harder than doubling from $22 SGD to $44 or $66) Also there is a good chance the gold silver price ratio may move towards more silver. There are increasing industrial demand for usage of silver in our smartphones, solar panels etc.  Hence, there is a lot more speculative return potential on silver.

Silver bars and coins less easy to sell or buy

The biggest drawback of silver is that it is harder to buy or sell. Most jewellery stores do not sell silver, neither do banks. Bullion shops that specialise in precious metals would definitely sell silver coins or bars for investors. In Singapore there are many bullion shop such as Gold Silver City in Singapore or Gold Silver Singapore. It would be difficult to buy silver from convenient locations such as jewellery stores or banks.

39-2015-AusKoala-Silver-4CoinSet-Bullion-OnEdge-LowRes
Collecting Silver coins for investment

If you like to sell your silver for cash, it is definitely more challenging than selling gold. Banks, jewellery stores and most pawn shops do not buy silver, so your only choice is via bullion shops that buy back. You may also sell them via forums and ebay. Thankfully silver is starting to get more recognised, and there are some pawnshops that are beginning to buy and sell silver. Silver would definitely get more traction.

Gold vs Silver Advantages and Disadvantages

In summary here are simplified pros and cons of gold and silver.

 

 

AdvantagesDisadvantages
Gold coins or barsMore recognised and loved by consumers.

Easy to buy and sell.

Higher dollar investment per ounce.

77 times more of silver

Silver coins or barsLower dollar investment per ounce

Higher potential risk-reward ratios.

More industrial demand

Less liquid- less locations to sell off.

 

Ultrasonic Device - To test Real or Fake Gold, Silver bars / Coins

Ultrasonic Device – To test Real or Fake Gold, Silver bars / Coins

Ultrasonic Device – For Testing Real or Fake Gold, Silver bars / Coins

All our suppliers use sophisticated spectrum devices to know the precise purity of our precious metals. As such devices can be large and take up some space, Gold Silver City has also bought a small portable device that we can bring to clients to test whether their gold and silver bars coins are real or fake.

Testing for Real gold or real silver in Singapore

This is a simple ultrasonic device that we can use to test for real or fake gold.
Similarly it can be used to test real or fake silver.

Many of my regulars who have bought precious metals from me over time understand that my gold, silver bars comes in their original packaging. Those that are minted with serial numbers and certificates can give a sense of security.
For those bars and coins that have no serial number nor certificate, I have bought this new ultrasonic device to give them another layer of authenticity.

Real Gold / Real Silver Sound Velocity

The sound velocity for pure gold should be 3200 meters / second (or 0.130 Inch/µSecond)
The sound velocity for pure silver should be 3600 meters / second (or 0.140 Inch/µSecond)

Remember, please only buy gold and silver bars / coins from reputable merchants like www.goldsilvercity.com.sg
For more updates and useful articles, please do LIKE http://www.facebook.com/goldsilvercitysg

For any clients who wishes to buy gold or silver, you can request for a testing. I will bring the ultrasonic device when I deliver the gold, silver, bars and coins to your doorstep.
Have fun stacking precious metals!

Sincerely,
www.goldsilvercity.com.sg

Unboxing 2015 Silver Panda 1oz, 20 trays of 30 coins- 2hours of unboxing!

Free the Panda!

The Monster Box for panda is amazing SECURED.
Two metal chain that took 20 over minutes to cut through. And we realise the whole plastic lips has additional 8 plastic locks.
And all plastic locks are doubled locked.

2015 Silver Panda 1oz Unboxing
2015 Silver Panda 1oz Unboxing

 

Took a group of us, 2 hours to cut through….
2 hours of sweat and painful hands…

And majority of them are sold. Only 8 5 trays left!

Another note- Engelhard bars 10 oz are totally sold out!  The next delivery is a few weeks later, please pre-order soon!

Engelhard Bars Singapore

Engelhard Silver bars 5oz 10oz in Singapore

Brand New, Historically Beautiful.

The new Engelhard Australia bars are here! The early batch of 5oz and 10oz has finally arrived in Singapore.

Engelhard Bar Silver 10 oz
Engelhard Bar Silver 10 oz

 

You can buy the 10 oz bars  here

Engelhard Bar Silver 5 oz
Engelhard Bar Silver 5 oz

Or you can buy the 5 oz bars here

And for those who like more varieties in your silver stacking, the 2 oz and the 1 kilogram bar would be arriving in a few weeks time.

Stay tuned to this website and you may LIKE our facebook page for the latest photos and gold / silver updates and exclusive contests and promotions!

 

How do we test for Fake or Real Gold?

How do we test for fake or real gold?

When we buy precious metals, we want to make sure we get the real, authentic metal. We want the real gold. There are many good ways to test for gold.

Caliper Test

Many established branded gold bars or coins has known dimension and tight tolerance levels.  For example, a 1 oz  Canadian Maple Leaf Gold Coin has a diameter of 30.0mm and a thickness of 2.80mm. A 1 oz Chinese Panda Gold coin has a diameter of 30.05mm and a thickness of 2.70mm. Calipers can reveal any inconsistencies in dimensions, and you should refrain from buying such items.

Gold Coin CML descriptions
Gold Coin CML descriptions

Magnet Test

One of the easiest way is to use magnet. Most metals are attracted to magnet, but silver and gold are diamagnetic (metals that are not attracted to magnets) and a magnet will not stick to it. Use a very strong magnet, such as neodymium, to test the gold. If it stick to the magnet, then it is fake gold.

Do note that this is not a 100% foolproof test to determine real gold. Some counterfeit gold are made from metals that are not magnetic in nature.

Density Test

Get an accurate scale and note the weight of your Gold bar.

Get a glass of water, place it on the scale, and set the scale to ZERO.

Tie the gold bar, dip it COMPLETELY into the water, but without touching the base of the glass. The gold bar should be in the middle of the water, note this new weight number on the scale.

Divide the first weight of the bar, by the 2nd weight number (in the water), this number should be 19.30 for an accurate measurement of Gold density. (Pure Gold Density = 19.30 g/cm3)

 

Ultrasound Test.

Using special instrument, you can use an ultrasonic device to test for consistency in a bullion bar. Sound waves travel at different speed through different metal. If your gold bar is merely gold plated, the numbers would differ from a pure gold bar of 99.9 purity. The sound velocity for pure gold should be 3200 meters / second (or  0.130 Inch/µSecond)

 

Porcelain Test

Rub the piece of gold across a piece of unglazed porcelain tile. It should not make a black streak. If it does then it is pyrite. If the streak is golden yellow then it is gold.

Acid Test

Warning: This test is destructive and will spoil a tiny portion of your gold. Please do not use unless absolutely necessary.

Buy a nitric acid test kit. Scratch a surface of the gold piece and add a few drops of the acid on the gold. If it turns green, the item is either brass metal or gold plated. If it turns milky, it is gold plated sterling silver. If there is no reaction, then it is real gold.

Some key pointers before you buy that gold!

  • Buy from a reputable merchant. If you buy directly from something like Ebay or Carousell, there are no guarantees that your product is authentic. (www.goldsilvercity.com.sg is backed by a Singapore firm, Newell Builders Pte Ltd, that has been established for more than 30 years. We are here for long term business. Over time, we have many regular gold and silver clients, check the clients’ reviews at www.facebook.com/goldsilvercitysg)
  • Mints are starting to fight back as well – some newer products have additional security features to prevent counterfeiting.
  • Know and understand how the different tests for fake bullion work, and use them to verify that your gold or silver is real.

Win 1000g Silver Bar in our Facebook contest

Win a kilogram silver bar!
Lucky Draw 1 – 30 June 2015

Win 1000g Silver Bar in our Facebook contest
Win 1000g Silver Bar in our Facebook contest

One whole Nadir 1000g silver bar is up for our Great Singapore Sales Lucky Draw! (WORTH $850! Based on today spot price)

What you need to do to win:-
Step 1: LIKE Our Facebook Page (www.facebook.com/goldsilvercitysg)
Step 2: SHARE the post (the facebook post) with all your friends on Your facebook wall.
Step 3: COMMENT in the facebook comment box below after you are done!

Results will be announced here on facebook on 5th July 2015.
Good luck!!

7 Tips to start stacking Silver

7 tips to start stacking Silver coins or bars

If you are new to stacking and don’t have a clear concept on how to start, here are some tips here. I am no expert, there are many more experts out there preaching their advice. Be cautious though, as many advice can be confusing and not suitable for newbies. I learnt this the hardway. I started some years ago and learnt through the school of trials and errors:-

start stacking silver
The joy of seeing your wealth grow
  1. Start stacking silver with a clear budget. Know what amount of your disposable income you can afford to start stacking. Only use spare cash that you can afford, for example, how about reducing your entertainment expenses like that weekly drinking session? Or cut down on that expensive daily starbucks? Those small bills can pile up to be a good silver stack.
  2. Do not get carried away and over-stack. Start small, and do it regularly, along the principles of dollar cost averaging. Do NOT throw all your cash into silver. Keep some cash for unpredictable emergency needs. This is to avoid selling your silver at inappropriate timing when you badly need the cash.
  3. Diversify your investments for the future. Do not invest in silver. It is healthy to hold a good portion in precious metals, such as gold. Invest in stock index funds, some healthy insurance plans or pay off your mortgages and debts. Plan for the future.
  4. Especially for newbies, do not get overly excited and buy everything! Stick to regular buying. It would be better than to overindulge and exhaust your savings. Many newbies fall in love with this healthy habit so much that they overstretched themselves in the first few months.
  5. If you are fairly new, stay away from the fanciful stuff. Numismatic coins are lovely, but as a newbie, wait till you are familiar with mintage and designs first. If you really like a design, do some research and buy small. You may become more skilled at this and appreciate this hobby, but start slow and slow.
  6. Try not to buy from eBay, Craiglist, Carousell or some unknown guy from any forum. There are many bad sheeps and fraudsters around. Stick with some reputable online or physical shops. Take your time to shop around. You can google for a few shops. (Disclaimer I am vested with www.goldsilvercity.com.sg which offers free delivery and low premiums)
  7. Don’t be impatient. This is a great hobby that will grow with you for years. =)

Start Stacking silver. Start small and buy regularly, like once a week or month. Enjoy this beautiful and valuable hobby and you will be thankful when you retire!

Cedric Soh
www.goldsilvercity.com.sg

Gold, Silver, Platinum TA (Technical Analysis) 09th May 2015

For those who loves to look at TA movement of gold, silver and platinum, hoping to grab some physical silver or gold coins before the market trends move up…

Here is a simple TA analysis by Mr Cillin, with permission from him.

His analysis :-

Gold, Silver and Platinum
Symmetrical triangle form in Silver and Platinum looking for break down or break out.  Gold seem to have Symmetrical triangle too.
Gold COT buying interest is increasing yet to hit above 90
Silver and Platinum COT buying interest decreased last week after few weeks of increasing

via:- Cillin Trading Planner

By the way: COT refers to Commitments of Traders, a report that shows both the interests of commercial users / producers (meaning they uses or produces the commodity as part of their manufacturing process) as well as those who trade the commodities for financial speculations.

More on the COT can be found here.

canadian maple leaf silver coin tube 2015

What is silver stacking?

What is silver stacking?

Silver Stacking (or Gold Stacking) is the habit of accumulating tangible assets, not intangible ones like paper certificates, in the forms of coins or bullions such as bars, rounds or ingots.

Is it worth to buy silver in singapore?

Buying silver or gold in Singapore is worth it because silver and gold bullion coins or bars has no taxes on it. GST (Value Added Tax) is waived for pure silver and gold, which makes buying silver and gold in Singapore an excellent choice. We have tourists coming from China, Thailand, Indonesia, Philippines, India, Sri Lanka, Pakistan and all over the world to Singapore to buy silver and gold.

Buy Silver bars or Coins?

Generally bullions such as bar has less premium price, hence it is better value for money since you can also purchase a large bar for cost savings. If you can afford it, you can purchase a large bar monthly.
Coins are favoured usually because it can be smaller in weightage, and hence, easier to start stacking up. It is also preferred as when you wish to liquidate due to needs such as holidays or emergencies, you may not need to sell a large bullion but just a few coins.
Also, coins can carry numismatic value which can be appreciated by collectors.

silver stacking in singapore
there are lots of coins for collectors

Why would you want to stack silver?

Firstly, silver stacking is an excellent hedge against inflation, just like gold. It increases in value as inflation reduce how much your dollar can buy. Secondly, both silver and gold possess an intrinsic store of value, which is the main reason why people wants to invest it it. It is this store of value that silver and gold is used as money in the past as well as demanded by national government reserves all over the world.
Also, both gold and especially silver has huge and increasing demands from industrial manufacturers, from our cars to mobile phone to solar panels and generators.

One huge reason for silver stacking is as an investment to profit or hedge against financial crisis. The Great Recession from 2008 has led to huge amount of printing money by the USA government, the Euro bank, and even Japan and China government. There is fear of a global financial currency crisis and people’s currency will lose tremendous value. In a global dollar collapse, hyperinflation will rear its ugly head out. A flight to safety will take root and people with real gold and silver physical holdings will benefit. This is especially so as current paper gold and silver trading is a few hundred times OVER the physical assets silver available. In a big crisis, these paper values may not hold water.

Buy physical silvers regularly

Silver stackers invest weekly or monthly in some form of silvers, knowing that they will profit and sleep well in troubled times. Silver and gold has dropped and stay flat, this is a great opportunity to invest and stack up. Stackers know that the fundamental demand for silver and gold is real, because we using so much iPad, solar panels, smartphones and etc, and yet the mines’ production has been lagging.

Silver Stacking means you buy what you can afford to keep for a raining day. If you just cut down on some luxury spending or gourmet coffee and buy 10oz a month instead, you will have 600oz saved up in 5 years. If silver price move from $17 to just a mere $25, you see an almost 50% increase in your portfolio.

Start silver stacking- www.goldsilvercity.com.sg is proud to offer free delivery at no extra costs.

Happy Silver Stackers of Gold Silver City

Buy Silver Gold Singapore Free Delivery

Buy Silver Gold Singapore Free Delivery?

Update June 2018:- Dear beloved customers, the free delivery promotion has ended. Good news we will continue to give free delivery to regulars. Please check our website or facebook page for regular updates on free delivery details. We will be having 10 – 30% off on numismatic silver and gold coins in Singapore too!

Gold Silver City now offers you an easy way to invest and save up in physical silver and gold! You can now buy silver or gold, either in bars or coins, from the comfort of your home. You only pay for it when it arrives at your doorstep.

Buy Silver Gold Singapore Free Delivery

Buy Silver Gold Singapore Free Delivery

We deliver the silver and gold to your location. For this soft launch of our website, we have reduced the minimum requirements. That is right, instead of the usual 100 oz silver minimum purchase, all combined purchases above $300 is entitled to qualify for this FREE delivery offer!
This free delivery will last till 1st June 2015, on our official launch date! Do stay tuned on this website or like our Facebook page for special launch promotion!

And to top it off, we are currently the lowest priced for all of our silver and gold bullion and numismatic coins in Singapore! Not only are our gold and silver prices the best in Singapore market, you are getting a special delivery service with it. There are no financial risks as you only pay when delivery is made to your location.

As mentioned in our Gold Silver Background, we have our background in 30 over years of construction business. We are vested to provide high grade silver and gold precious metal to all our clients!

Please do take advantage of the current low historical silver and gold spot rate to Buy Silver Gold Singapore Free Delivery!
This is a simply great time to start saving up in precious gold and silver.
For all enquires, you can email me at [email protected]

Sincerely,
Gold Silver Stacker Teams
www.goldsilvercity.com.sg

PS: If you know a good deal, please do share it with your friends! Please Like and Share our facebook page, or recommend your relatives and friends to us. They would appreciate you recommending a good deal. =)

Why own physical silver or gold? Protect & accumulate wealth

For many  investors, they may choose to hold a portion of their investments in gold and silver to hedge against inflation and economic black swan events. To hold precious metals as a hedge, there are a huge variety of choices – Gold, Silver ETFs, stocks holdings of mining companies and paper certificates…..

Why own physical silver or gold?

Do remember that all paper assets are at the mercy of the financial market. Paper records can be varnished in a disaster, either man-made or natural. Financial markets turmoils in a black swan event can rendered you asset-less.

Only physical gold / silver bars or coins that you possess guarantees ownerships.
why own physical silver or gold
By investing in physical stocks, you would also have a better saving habit due to human psychological emotions. – You would be much more reluctant to return your physical silver bars or coins than it is to click on “sell” on your paper certificates.

Buying physical gold / silver bullion or coin is also amazingly easy.

There is no need to set up brokerage account, no need to sign any documents. You can just walk into any jewellery or coin/bullion shops, though you would have to pay a slight premium. An easier way is to buy online from www.goldsilvercity.com.sg which provides free delivery as well. You would be paying lesser because the online business has no expensive rentals. Every dollar saved goes to your peaceful retirement account!

Hedging in your Retirement Portfolio

Silver and gold will act as a good hedge among your properties, stocks and mutual funds.

Large bullions like 1 kg silver bar is more value for money. However you may consider smaller coins or bars, such as 10-ounce coins. A large collection of smaller coins or bars is easier for you to only sell a few coins to meet your needs, such as for a travel holiday, a business expansion, instead of having to sell the whole kilogram of silver or gold.

It is also more sensible to collect silver, as silver is more affordable and easier to collect monthly as a saving plan. As an investment asset, it is comparable in terms of liquidity, long term value, and has great fundamental demands in industries.

Numismatic Silver or Gold designs

When you fall in love with gold, silver collection, you may move to numismatic collections, appreciating the artistic and beautiful designs on coins! There are many reasons to why own physical silver or gold, but one of the best reason is probably this:- it can be a great hobby for many collectors. Collectors know that many of their collections appreciate in values, and could be a lot more financial rewarding than other expensive hobbies.

Sincerely,
Gold and Silver Stacker Team
www.goldsilvercity.com.sg

Demand for Silver – Silver in everyday uses

Demand for Silver

One of the reason to be bullish on silver in the long term is that silver is used by many commercial and industrial firms for products that are indispensable in our daily lives. Demand for Silver is high in our industrial society.
Silver is now such a versatile industrial metal that we see it as a great way to save and invest in our diversified portfolio.

You may not realised it, but the moment you woke up, you have been using products with silver in it.
Silver is present in your alarm clock, your wall switch, bathroom mirror, your electronics devices that you check immediately upon waking up, such as your mobile phone, your iPad, Apple Watch or your computers.

When you have breakfast, silver is in your microwave, your refrigerator, your water purifier.
Silver is now starting to be used widely to purify your water instead of toxic chemicals like chlorine or bromine. Silver is also used in some food processing, and food packaging to keep bacteria out.

Demand for Silver
Money. Silver is minted as money as well.

When you switched on your electricity, not only are silver wiring more efficient in conducting electricity, your energy plants also uses silver for generation.
Fossil fuel plants uses silver coated mirror for steam generation, and solar photovoltaics uses silver paste in their productions.

You put on your clothes, if you are wearing polyester, silver is required. And if you used a washing machine to clean your clothes, silver is present as a catalyst for the cleansing operations. For smart clothings now in trials, silver is used too.

As you head out to your car to start your day, guess what, your car contains many ounces of silver, both in the electronics component as well as in the engine as catalyst. Your modern RIFD car key contains silver, and if you are one of the electric car owners, well, more silver is inside.

Yes I can go on and on, but I think you get the message, widespread demand for silver is a key fundamental reason why so many savers and investors like to stock up on silver. And many have stock up from www.goldsilvercity.com.sg

For seasoned investors with a healthy portfolio of stocks, bonds or property, silver /gold physical bullions offer a great way to diversify into a stable and rewarding portfolio such as the Browne Permanent Portfolio, which I will go into more details on another post.

As for why physical holding of bullions and coins may be a good choice, we would visit this soon!
Cedric Soh
www.goldsilvercity.com.sg