Sell gold and silver bullion in Singapore
Many investors deem gold and silver bullion as “bad investment” because they don’t yield interests and furthermore incur storage costs. Even the famous Warren Buffett expressed a disdain for gold but it should be noted that the world class investor bought 129,710,000 ounces of silver through Berkshire in the 1990s. In this regard, I don’t deny that gold and silver are a form of bad investment. Because they are never meant to be an investment tool in the first place.
Gold and silver are actually money and have been used as money historically. From a wealth builder’s point of view, gold and silver are meant to hedge money portfolio during time of volatility, high inflation and financial crisis.
Another concern of precious metals is its level of liquidity. This is indeed the case in Singapore where there are not many precious metal dealers willing to buy back gold and silver which are not sold by them. For example, as far as I understand, UOB does not buy back gold bars and coins not sold by them. This is where BullionStar comes in and address the gap in the industry.
Sell Gold & Silver to BullionStar
Sell orders for bullion products are placed on this page. To sell bullion stored under My Vault Storage®, click here.
Guide for how to sell to BullionStar:
1. Select product/s and quantity.
2. Enter your personal customer information and payment instructions.
3. Submit your order by clicking “confirm”.
4. Hand over the metals to us in our shop at the address below within one business day from the order confirmation. You can walk in with your metals. No appointment is necessary. Alternatively you can send/ship your metals to us within one business day to:
Address:
BullionStar Pte Ltd
45 New Bridge Road, #01-02
Singapore 059398
Opening Hours:
Monday – Thursday: 11 am to 7 pm
Friday: 11 am to 5 pm
Saturday: 10 am to 2 pm
Closed on Sundays and Public Holidays
5. We will pay you according to your instructions when we have received and verified the authenticity of your metal.
Contact us if your item/s are not listed below for us to quote a price.
Please note that sell orders are binding. You must hand over the items or ship the items no later than the next business day. BullionStar reserves the right to reject sell orders according to the General Terms & Conditions.
The below listed prices for bullion bars are valid for Investment Precious Metals (IPM) in original bullion condition.
Bars that do not qualify as IPM will have their price reduced as follows:
– Gold Bar with weight 1 gram – 10 gram: 4 %
– Gold Bar with weight 11 gram – 50 gram: 2 %
– Gold Bar with weight 51 gram or more: 1.5 %
– Silver Bar with weight 31.1 gram – 500 gram: 6 %
– Silver Bar with weight 501 gram or more: 3 %
– Platinum Bar regardless of weight: 6 %
The below listed bullion prices are valid if the bullion is in original condition.
The reduction for a bar or coin that is not in its original condition is dependent on its severity of damage but normally ranges from 0.5 % to 4 %.
If you would like to sell an item which is not Investment Precious Metals and/or an item which is not in its original condition, you may still place your sell order online. We will update your order to reflect the adjusted price when we have received and assessed your bullion items.
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Magically yours,
SG Wealth Builder
