Bullion Savings Program

[barnabaskoh]

anyone has experience with bullion savings program? wanted to set aside a small sum to buy gold monthly and this program seems good.

 

[barnabaskoh]

no one has any experience with this program?

 

[quekkb]

I am current using this bullion savings program

https://www.goldsilvercentral.com.sg/

 

[barnabaskoh]

I am current using this bullion savings program

https://www.goldsilvercentral.com.sg/

I read about this also , uses a fixed amount for three months to buy a small amount per day so it’s a form of dca. I trying to find out what’s the price to convert to physical.

how long have you been on this?any view to share for a newbie? Thanks

 

[barnabaskoh]

I have been whatsapping gsc but they reply a while than stop replying me.. the purchase of gold is base on their 10am price so let’s say we accumulate to 10g at the 10am price than we convert to physical need add a premium so actually will be more expensive than buying physical direct from them right?

 

[rizhal]

I read about this also , uses a fixed amount for three months to buy a small amount per day so it’s a form of dca. I trying to find out what’s the price to convert to physical.

how long have you been on this?any view to share for a newbie? Thanks

I am a noob.

Based on the above, is it better to dca on a Gold ETF ? Less admin fee and liquid.

 

[limster]

I am a noob.

Based on the above, is it better to dca on a Gold ETF ? Less admin fee and liquid.

long term 'savings', physical gold is the best. no recurring fees, and no risk the company you bought the paper gold from will disappear.

if u plan to trade, then etf is good

 

[hwmook]

I have been whatsapping gsc but they reply a while than stop replying me.. the purchase of gold is base on their 10am price so let’s say we accumulate to 10g at the 10am price than we convert to physical need add a premium so actually will be more expensive than buying physical direct from them right?

Convert to physical of course need a premium. You buy physical gold also got premium. Paper gold no premium.

 

[barnabaskoh]

I am current using this bullion savings program

https://www.goldsilvercentral.com.sg/

How do you keep track of how much gold you get daily? I heard cannot see how much it buy until end of month when you receive the statement?

 

[barnabaskoh]

Convert to physical of course need a premium. You buy physical gold also got premium. Paper gold no premium.

BullionStar has no premium to convert to physical but need to be 100g

I was just trying to understand. Cos after adding premium, the accumulated gold will be more expensive than buying outright from them

 

[limster]

BullionStar has no premium to convert to physical but need to be 100g

I was just trying to understand. Cos after adding premium, the accumulated gold will be more expensive than buying outright from them

went to look at the website.

100g gold savings program = $13,820.40 + 0.09% fee per year.

new Valcambi 100g gold bar = $13,779.80

so if you can afford a 100g gold bar, just get it outright rather than the savings program. Furthermore its not clear from T&C whether bullionstar can give you a pre-owned bar if you convert to physical.

 

[barnabaskoh]

Hi guys wanna ask for your advice. Actually I just started on this GoldSilver central savings accumulation program and basically it’s for a period of 3 months, 6 months etc and an example is if you every month put in 200 dollars and there are 20 working days, it will dca and buy 10 dollars worth of precious metal of your choice every working day base on their daily 10am ref price but when you sell it will be base on spot price -$5 and only can sell during office hours

BullionStar accumulation program is you can buy from as little as 1 g and sell anytime and the selling price and buying price is smaller in comparison.
Anyone can share which is better in the long run? GoldSilver central can dca but the $5 deduction from spot price when selling to them seems a big amount in terms of silver and this seems like bullion star more worth it