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Torgny Persson is the founder and CEO of BullionStar. In this blog,
Torgny is sharing what's happening inside BullionStar as well as news
and research from the local and global precious metals markets.
12 Jul 2018 00:20
Torgny Persson
3 Comments
A sporting trophy revered by the elite footballers of the world. A trophy with near mythical status in the eyes of players and fans alike. A trophy held aloft by a select few captains in its less than 50 year history. A legendary trophy made of gold.
Designed in 1970 by Italian Artist artist Silvio Gazzaniga, the FIFA World Cup Trophy is, in the words of its creator,... Continue Reading 
24 Jun 2018 05:34 Torgny Persson 4 Comments
Imagine a country in which banks hold virtually no cash at all. A country where if you walk into a bank branch, the clerk won’t be able to help you make a deposit. A country where there’s a good chance that if you grabbed a wad of cash and walked into an electronics store or a major nightclub, they wouldn’t be able to assist you in buying a new computer, nor get your drink on.... Continue Reading
06 Jun 2018 19:27 Torgny Persson 0 Comments
As a recognized investment precious metal, many of the world's leading refineries and mints now offer investment grade platinum bars and platinum coins within their physical precious metals product suites.
These include minted platinum bars from the famed refineries of Heraeus, Valcambi and Argor-Heraeus, and platinum bullion coins such as Royal Canadian Mint Platinum 1 oz Maple Leafs... Continue Reading
09 May 2018 00:36 Torgny Persson 0 Comments
Since it's establishment in 2012 in Singpore, BullionStar has had many notable achievements, and recently reached another milestone by completing its 100,000th customer order, awarding a PAMP gold bar to the lucky customer who placed this order.
With customers from over 100 countries worldwide for both precious metals purchases and secure precious metals storage, BullionStar is now... Continue Reading
01 May 2018 22:07 Torgny Persson 3 Comments
Ethereum, Bitcoin Cash and Litecoin have now been added to the list of transactional currencies which can be used to purchase gold bullion and silver bullion at BullionStar.
Since May 2014 BullionStar has accepted Bitcoin as a payment option and was one of the first bullion dealers worldwide to do so. Now with the addition of Ethereum, Bitcoin Cash and Ethereum, BullionStar again... Continue Reading
11 Mar 2018 23:36 Torgny Persson 2 Comments
BullionStar has won a Bullion Dealer of the Year award in the 2018 “Bullion Directory” Awards. Bullion Directory is a global online directory of the world’s precious metals dealers, listing over one thousand bullion dealers globally, and its awards are decided by the voting public.
With competition from across the world, BullionStar secured first place in the ‘Rest of World’... Continue Reading
26 Feb 2018 04:10 Torgny Persson 0 Comments
With the recent emergence and recognition of a diverse range of crypto currencies, the technology of blockchain is rapidly gaining traction as a profound innovation that has potential to alter entire industries.
Described in quite simple terms in the white paper that laid the foundations for Bitcoin, the design principles behind blockchains are now also being used in newer... Continue Reading
11 Feb 2018 22:39 Torgny Persson 0 Comments
New Year and the Spring Festival are a central part of Chinese tradition in mainland China and in Chinese communities all across the world. Chinese New Year is a movable event which this year falls on 16 February and which ushers in the “Year of the Dog”, the 11th year in the Chinese Zodiac calendar.
Chinese New Year is an auspicious time associated with many customs and traditions... Continue Reading
09 Feb 2018 06:01 Torgny Persson 1 Comments
With continued selloffs this week led by US stock markets, and now moving into Asian markets, the complacency that had set in in financial markets has come to an abrupt halt as volatility reappears. Aside from the equity bourses, the emerging cryptocurrency markets have also suffered a multi-week selloff which has left investors unclear as to what lies ahead.
In such market turmoil,... Continue Reading
29 Jan 2018 21:07 Torgny Persson 0 Comments
There are many phrases and sayings in the English language that illustrate the high-regard with which societies hold for gold. These phrases are embedded into natural language and have evolved over time based on an intrinsic appreciation by civilizations that gold is rare and of high value.
One example is the saying “worth your weight in gold”. Although a metaphor, what would be... Continue Reading
02 Jan 2018 21:48 Torgny Persson 4 Comments
The discovery of large gold nuggets has always caused excitement for gold miners and the general public alike. Although most of the big gold nuggets discovered receive nicknames and these names pass into legend, many of history’s big gold nuggets have been melted down and no longer survive.
The world’s largest surviving gold nuggets are now held and displayed in places as... Continue Reading
25 Dec 2017 06:04 Torgny Persson 1 Comments
From religious artwork to religious symbolism, gold and religion have always been symbolically linked in nearly all of the world’s major religions. Due to its unique glow and yellow shine, gold is symbolic of the sun and the energy of the divine.
Since it is relatively rare, indestructible and doesn't decay and corrode, the use of gold in religion also conveys a preciousness and... Continue Reading
17 Dec 2017 19:59 Torgny Persson 1 Comments
Since gold is a rare and valuable substance, it has always been associated with opulence and wealth. None more so than when gold is combined with a product to give that product an air of luxury and exclusivity.
Sometimes the match between gold and a product works well, yielding a classic luxury good boosted by its gold content. Other times the outcome may not be so sophisticated, and... Continue Reading
11 Dec 2017 00:21 Torgny Persson 0 Comments
Singapore’s gold market is now one of the largest in the region after strong growth, particularly over the last 5 years since the Singaporean government exempted investment precious metals from Goods and Services Tax GST in October 2012.
The gold market in Singapore is both a wholesale market and a retail market. The wholesale market includes bullion banks, trading houses and... Continue Reading
06 Dec 2017 06:49 Torgny Persson 0 Comments
The Mustafa Centre in Singapore's Little India is well-known as a slightly eccentric and congested shopping mall and arcade in which to buy all manner of diverse items. It also sells a lot of gold jewelry and a small selection of gold bullion.
But after navigating through the busy streets and actually finding the Mustafa Centre, the next challenge involves locating the Centre's gold... Continue Reading
29 Nov 2017 22:40 Torgny Persson 5 Comments
A common phrase in the mainstream financial media is that ‘you can’t eat gold”. This claim is usually trotted out by CNBC and Bloomberg talking-heads as a way of disparaging the benefits of investing gold in times of crisis. But the claim is both wrong and misleading, because you actually can eat gold. And drink it too.
Furthermore, Wall Street and its cheerleaders are... Continue Reading
28 Nov 2017 15:43 Torgny Persson 0 Comments
Singapore offers a number of benefits when buying and storing silver. In Singapore, the majority of silver bullion bars and silver bullion coins from the world’s major mints and refineries are exempt from Goods and Services Tax (GST). There are also no taxes or duties on the import or export of silver. Singapore is also … Continue Reading
26 Nov 2017 23:16 Torgny Persson 0 Comments
If you buy and take delivery of gold bars or gold coins and want to keep your gold close at hand in your own home, you will still need to ensure that it is safely stored on your property, preferably in a hidden location that only you and close family members are aware of. There are many hiding places in a house or on a property to store gold, some more sensible than others.
Taking... Continue Reading
23 Nov 2017 05:07 Torgny Persson 3 Comments
There are many compelling reasons to own physical gold in the form of investment grade gold bars and gold coins. Among them are gold’s ability to retain its purchasing power over time, and it’s safe haven status in times of financial turmoil and uncertainty.
Gold has been known throughout history as the pre-eminent form of money and its track record as a stable money is... Continue Reading
20 Oct 2017 09:18 Torgny Persson 1 Comments
Exactly 2 years after opening a retail bullion shop in Singapore and expanding outside Europe, Degussa GoldHandel has announced that it is closing its Singapore shop on 31 October. Of possible relevance to the decision, the Degussa Singapore operation has been loss making since inception, with full year results to 31 December 2016 showing a new loss of SGD 2.8 million.
Although... Continue Reading
12 Oct 2017 22:17 Torgny Persson 8 Comments
Across the border of Singapore, a ferry-ride away, a fire broke out on Saturday, 8 July 2017 in a slum in Muka Kuning, Batam, Indonesia. The fire destroyed 10 huts tragically affecting the lives of the families living there who already struggle daily to make ends meet. We decided to take a small step towards making a difference in this community and funded the restoration of the... Continue Reading
05 Oct 2017 20:28 Torgny Persson 1 Comments
A series of 8 articles about the Chinese Gold Market have now been added to Gold University section of BullionStar’s website. These articles are collected titled “Chinese Gold Market Essentials”. The articles are mostly structured around the supply – demand equation of the Chinese gold market which has the Shanghai Gold Exchange at its core, as the market’s allocation... Continue Reading
23 Sep 2017 02:56 Torgny Persson 0 Comments
Australian Lunar Series 2018 now available for ordering! Continue Reading
20 Sep 2017 23:38 Torgny Persson 1 Comments
Is it realistic that the price of gold could reach USD 65,000/oz in 5 years? In this speech, BullionStar's CEO, Mr Torgny Persson, shares his views on the gold price as well discusses the following topics:
1) Money System of Today - How does our monetary system work? Or doesn't work? Do fiat currencies like the US Dollar have any real intrinsic value?
2) Gold Manipulation - Price of... Continue Reading
13 Sep 2017 21:59 Torgny Persson 0 Comments
In the month of August 2017, we launched a competition in collaboration with The Royal Mint. The competition invited customers of The Royal Mint and BullionStar to promote the Royal Mint Brand in Singapore through any medium! We received numerous top quality submissions and after much deliberation, we present to you the two winners of the competition, Ms. … Continue Reading
07 Sep 2017 00:20 Torgny Persson 0 Comments
BullionStar's website features a wide variety of original analysis and content on precious metals markets globally and which provides readers and viewers with unique and up-to-date insights that are not available elsewhere.
A case in point is the BullionStar Perspectives video series which gives viewers free access to leading independent analysis of precious metals markets. In July,... Continue Reading
04 Sep 2017 07:03 Torgny Persson 3 Comments
BullionStar is transparently releasing sales data and information about the company's overall financial performance for each financial year. This blog post presents the financials as they stood at the end of the financial year 2017. BullionStar increased its sales revenue to SGD 186,200,000 for FY 2017, up 38.7% from SGD 134,200,000 for FY 2016. BullionStar handled 15,213 buy orders... Continue Reading
07 Aug 2017 02:14 Torgny Persson 29 Comments
Although the international price of gold is set by paper gold markets, these markets cannot price physical gold accurately because they don’t trade physical gold. Instead they trade infinitely scalable fractional claims on physical gold. Conversely, real physical gold is not a claim on gold. It is gold. Real physical gold is real money, and is the ultimate form of saving and store of... Continue Reading
05 Jun 2017 19:02 Torgny Persson 0 Comments
BullionStar carries an extensive range of investment grade gold bullion coins and silver bullion coins minted by Britain’s famous Royal Mint. The Royal Mint is fully owned by Her Majesty’s Treasury and has the distinction of being the world’s oldest mint. BullionStar’s range of Royal Mint bullion coins includes gold and silver Britannia coins, gold … Continue Reading
27 May 2017 18:09 Torgny Persson 3 Comments
Following Bitcoin's recent strong price appreciation, Bitcoin holders may be thinking of taking profits or diversifying some of their Bitcoin position into physical precious metals. It is therefore interesting to know that BullionStar's online transactional website fully supports Bitcoin and has done so since May 2014.
Using BullionStar's website, customers can buy gold and silver... Continue Reading
29 Mar 2017 21:36 Torgny Persson 9 Comments
Everyone involved in the global gold market is aware of the gold price, the price that is constantly quoted in the financial media. But where does this gold price come from, i.e. where is it discovered? Is the gold price formed through the massive trading volumes of the paper gold markets such as the COMEX gold futures markets and London OTC unallocated gold market, or is the gold price... Continue Reading
22 Mar 2017 13:22 Torgny Persson 0 Comments
BullionStar has adopted a transparent approach in releasing BullionStar financials i.e. information about the company's overall performance and sales data for each financial year. This blog post presents the financials as they stood at the end of the financial year 2016. FY 2016 was a very strong year for BullionStar with sales revenues totaling SGD 134,200,000, a 111.7% increase from... Continue Reading
20 Feb 2017 15:17 Torgny Persson 2 Comments
Bullion banking is a commonly used term, but what does it refer to? And who are these bullion banks? This new infographic from BullionStar guides you through the shadowy world of bullion banking centred in the City of London, and looks at the paper gold creation process, how the banks use unallocated gold accounts to allow the trading of gigantic amounts of fictitious gold, and how the... Continue Reading
04 Jan 2017 00:53 Torgny Persson 3 Comments
Gold-backed Exchange Traded Funds (ETFs) are a product class that has grown rapidly in recent years. The financial media regularly reports on the gold holdings within these products, and the customer bases of these ETFs include both institutional and retail investors. But what exactly are the mechanics of these products, what do they provide and not provide to their holders, and what... Continue Reading
21 Nov 2016 01:36 Torgny Persson 1 Comments
The following speech, by BullionStar precious metals analyst Ronan Manly, was given to an audience during a Precious Metals Seminar held at BullionStar’s shop and showroom premises in Singapore on 19 October 2016. Introduction Good evening ladies and gentlemen, you are all very welcome to this event at BullionStar. This evening, I will be discussing the … Continue Reading
19 Nov 2016 09:54 Torgny Persson 4 Comments
The following guest post was written by Jayant Bhandari in two parts. Part 1 was first published by Jayant on November 9. Part 2 was first published by Jayant on November 16. Parts 1 and 2 were originally published on the ‘Acting-Man.com’ website as “Gold Price Skyrockets in India after Currency Ban” and “Gold Price Skyrockets … Continue Reading
10 Nov 2016 12:01 Torgny Persson 14 Comments
The following speech, by BullionStar CEO Torgny Persson, was given to an audience during a Precious Metals Seminar held at BullionStar’s shop and showroom premises in Singapore on 19 October 2016. Introduction What have I got here? It’s 87 grams of gold. As many of you know, we have our own bullion vault integrated in BullionStar’s … Continue Reading
09 Nov 2016 13:04 Torgny Persson 0 Comments
It was an event-filled and turbulent evening last night as the results for the 45th US presidential election rolled in, signalling that the majority of the American electorate had voted for Republican candidate Donald Trump. Trump received over 270 of the 538 electoral college votes needed to secure a majority. Trump will now be inaugurated as … Continue Reading
22 Oct 2016 03:37 Torgny Persson 1 Comments
Introduction This year, the well-known annual conference of the London Bullion Market Association (LBMA) was held in Singapore between Sunday 16 October and Tuesday 18 October at the impressive Shangri-La Hotel. The conference attracts delegates and speakers from across the world of bullion, with representatives from precious metals refiners, mints, bullion banks, brokers, trading and... Continue Reading
16 Sep 2016 00:54 Torgny Persson 2 Comments
The Indian gold market is one of the world’s largest and most extensive gold markets, with an estimated 23,000 tonnes of private gold held within India’s borders. In India, gold is revered and held as a traditional form of savings and wealth preservation, particularly in the form of gold jewellery. With minimal gold mining production, … Continue Reading
14 Sep 2016 03:56 Torgny Persson 0 Comments
Starting 1 September 2016, the exemption of gold, silver and platinum coins from Goods and Services Tax (GST) in Singapore has been extended. The following coins, all available for ordering at BullionStar.com, are now available for purchase without any GST. The updated IRAS Guide on Exemption of Investment Precious Metals (IPM) can be found here. United … Continue Reading
19 Aug 2016 14:53 Torgny Persson 3 Comments
There are many precious metals refineries throughout the world, some local to their domestic markets, and some international, even global in scale. Many, but by no means all, of these refineries are on the Good Delivery Lists of gold and/or silver. These lists are maintained by the London Bullion Market Association (LBMA) and they identify … Continue Reading
15 Aug 2016 09:21 Torgny Persson 1 Comments
This Chinese Gold Market infographic guides you through the largest physical gold trading market in the world, China. An impressive 16,000 tonnes of gold are held within China’s borders. Did you know that the Chinese wholesale demand for physical gold was an astounding 2,596 metric tonnes in 2015? This was supplied by China mining more … Continue Reading
13 Aug 2016 13:09 Torgny Persson 0 Comments
Much is written in the precious metals world about gold’s characteristics, as well as how the behaviour of the gold price allows gold to play the role of a unique financial asset that retains purchasing power over time, acts as a safe haven asset, diversifies risk, and provides hedging benefits. However, much of the material written … Continue Reading
05 Aug 2016 10:06 Torgny Persson 0 Comments
The following is the transcript of a presentation made by BullionStar’s CEO Torgny Persson on 14 July 2016 to an audience at the FreedomFest conference in Las Vegas, USA: Liberty is Prevailing Freedom, ladies and gentleman. Freedom is the right to think, speak and act the way that we want. I think I speak for … Continue Reading
28 Jul 2016 14:32 Torgny Persson 0 Comments
Saturday July 16 wrapped up BullionStar’s attendance at its first FreedomFest conference and convention in Las Vegas, Nevada. During the event from Wednesday July 13 through to the Saturday afternoon, the BullionStar team interacted with a wide-range of interesting event attendees, discussing topics ranging from the role of precious metals in investors portfolios, to the safety... Continue Reading
16 Jul 2016 19:13 Torgny Persson 0 Comments
BullionStar continues its coverage of the FreedomFest conference in Las Vegas which it is attending and exhibiting at. For previous coverage see “BullionStar exhibiting at FreedomFest in Las Vegas” and “How Safe is your Gold?” – BullionStar CEO’s speech at FreedomFest“. Rand Paul’s Speech U.S. Senator Rand Paul, a Republican representative of Kentucky... Continue Reading
15 Jul 2016 03:46 Torgny Persson 2 Comments
The first full day of the FreedomFest conference took place 14 July in Las Vegas, USA, an event at which BullionStar is attending and exhibiting. Conference proceedings took the form of general speaker and panel sessions in a large auditorium in the morning, and multiple breakout sessions of speakers and panel discussions in the afternoon. … Continue Reading
14 Jul 2016 00:34 Torgny Persson 0 Comments
This week BullionStar is attending and exhibiting at a unique conference called FreedomFest in Las Vegas, Nevada. FreedomFest is the largest pro-liberty conference in the world and it has taken place annually in Las Vegas since 2002. The event was founded and is still organized by Mark Skousen. This year’s FreedomFest event runs from Wednesday … Continue Reading
04 Jul 2016 15:58 Torgny Persson 0 Comments
The world’s major precious metals mints are currently riding high on the back of extremely strong global bullion coin demand and relatively buoyant gold and silver prices. These mints are predominantly run as commercial enterprises. The sheer scale of revenues that the US Mint, Royal Canadian Mint (RCM), Perth Mint and Austrian Mint have been … Continue Reading
No Spread between the buy and sell price Swiss-minted by Argor Heraeus "Money since 4000 B.C." stamped on the bar Delivered in secure tamper-proof package No Spread Silver Bars Also AvailableBuy from BullionStar SGD 5,936.70
Sell to BullionStar SGD 5,936.70
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