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Oil & US Dollar & Gold

In the midst of upwards trending oil prices a decade ago, a US senate committee recommended actions to curb the high oil price to mitigate the negative effect on growth. Ok, great, the oil price went from north of USD 140 in 2008 to around USD 30 now. But now, mainstream economists are disappointed that the sliding oil price hasn’t had much positive effect on growth... Continue Reading

Gold Trends 2016

Let’s look into the crystal ball to see what 2016 – The Year of the Monkey - has in store for us when it comes to the gold market. Gold Price What will the price of gold be at the end of 2016? Will it dip under USD 1,000/oz? To answer that question, we first have to analyse what causes the price of gold to move. Supply and demand of physical gold,... Continue Reading

BullionStar Financials 2015 – The Year in Review

2015 was a momentous year for BullionStar with sales revenues totaling SGD 89.6m*, a 69.1% increase from 2014.  2015 also marked the first full calendar year in operation for our unique bullion retail shop, showroom and built-in vault which was launched in July 2014. In 2015, we increased our product range to include over 370 different bullion and numismatics products... Continue Reading

Amazing Gold Videos

Uncertainty in the Chinese economy and sliding stock markets has dominated the financial news as of late. While the stock markets are sliding, gold and silver prices are up a few percent since the start of the year. So in the midst of all this, we thought it would good to remind ourselves of the primary reasons why we hold on to physical Gold and Silver. The following... Continue Reading

Chinese Gold and Silver Pandas 2016

The much awaited Chinese Gold and Silver Pandas for 2016 have now been released! Last year, the manufacturer, China Gold Corporation, surprised collectors with their decision to remove the weight and purity inscription on the reverse side of the coin. For this year's edition, China Gold Corporation once again surprised by revising the weight distribution of the coins.  The... Continue Reading

The Real Ponzi Scheme

BullionStar was founded on the belief that precious metals generally, and gold specifically, has a central role in the monetary sphere. Gold is rare, beautiful and has superior metallic characteristics to other metals. Furthermore, gold is durable, portable, divisible, fungible and possesses intrinsic value.  This has led to gold being used as money throughout most of... Continue Reading

Cashless society, negative interest rates and hyperinflation – part 1

If you’d suggested just a few years ago that we’d soon be living in a global economic landscape in which an increasing number of central banks would have their interest rates set to zero, or even negative, most people would have thought you where outright mad. What seemed crazy and absurd then is reality now in an increasing number of nations. Since Februari 2012,... Continue Reading

Back to Basics: ETF Gold 101

By Luke Chua, BullionStar     What are the key differences between buying ETF Gold and physical Gold?  A Gold Exchange-Traded Fund (ETF) attempts to track and 'mirror' the price performance of gold bullion by holding gold bars or derivatives and issuing shares backed by their holdings of physical metal or derivatives.  A Gold ETF, like GLD,... Continue Reading

BullionStar featured on Channel 8 News!

The price of both gold and silver has fallen substantially during the last few weeks. This has ushered in a waive of physical gold and silver buying, with very large volumes and a lot of first time customers. When the largest channel for the mandarin speaking public in Singapore, Channel 8, made a news coverage on the development, our Operations Manager Luke Chua was asked to... Continue Reading

The misinterpretation of money

In its simplest form, money is a substitution for barter to make trade more efficient (formally: medium of exchange) but money is also a means for generating production by allowing for saving and investment (store of value) and for accounting and reconciliation (unit of account). Different economic schools view money differently. Even for the doctrines advocating gold as... Continue Reading

The Difference in Paper and Physical Gold and Silver in times of Crisis

The Past Fortnight It has been a tense, volatile and dramatic fortnight to say the least. In fickle fashion, Greece went from 'No!' to 'Yes!' with the terms of the deal seemingly less in their favour then before. In volatile fashion, the Shanghai Composite Index crashed and "recovered" when the Chinese government tighten margin requirements for speculating and then... Continue Reading

Gold Price & Gold Demand

This interview with Torgny Persson and Gustav Andersson from BullionStar was conducted by the Singaporean blogger SG Wealth Builder 8 July 2015. Question:  In view of the emergence of China as the leading producer and importer of gold bullion, what do you think would be the implications for the global markets and how should investors in Singapore position... Continue Reading

Oxi (No) is the vote – Increased demand for physical gold

PRESS RELEASE  6th July 2015 For immediate release Singapore: Demand for physical gold has increased significantly in the last week leading up to the Greek referendum and is expected to continue to increase following Sunday’s outcome of the referendum with 61 % voting No. Mr. Torgny Persson, CEO of BullionStar Pte Ltd says: ”Demand for gold has more than doubled... Continue Reading

Gold replacing the US Dollar as reserve asset

The title to this blog post may feel contradictory as the US Dollar has appreciated against all other major currencies during the last year. One year ago, it took 74 euro-cents to buy one US Dollar, today it takes 89 euro-cents. Source: BullionStar Charts The US has for most of the last half century been running perpetual trade deficits building up their close to USD... Continue Reading
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