Tag Archives: buy gold

BullionStar Media

As well as offering a full transactional platform for buying gold and buying silver, the BullionStar website features a wide variety of original research, analysis and other content addressing the global precious metals markets. BullionStar's aim with this analysis and content is to provide readers and viewers with unique and up-to-date insights into the precious metals markets that are not available elsewhere.

A case in point is the BullionStar Perspectives video series which provides viewers with free access to leading independent views of the precious metals markets. In July, BullionStar had the privilege of hosting an exclusive interview in Singapore with legendary investor, author and financial commentator Jim Rogers, and this interview has now been published under the BullionStar Perspectives series.

Jim Rogers - Catastrophe and Opportunity

Rogers, who currently resides in Singapore, co-founded the famous Quantum Fund in 1973, and has written a number of best-selling investment and travel themed books.

The interview touches on potential crises that Rogers thinks could impact the global economy and the opportunities that such crisis may offer investors. Catastrophe and Opportunity can be viewed as the same phenomenon, and panic creates buying opportunities.

Ideally, Rogers thinks the Federal Reserve should stand aside since it has created many problems such as driving interest rates to zero and wiping out savers. Realistically, he doubts the Fed would be abolished, and in a future acute crisis, it will be pressured into generating ultimately futile financial market rallies.

Crucially, Rogers believes in the importance of acquiring physical gold and silver as an insurance policy, and in understanding what you are investing in. Everybody, he says, should have some gold and silver as an insurance policy if nothing else. “You hope you never need it”, but “its the best insurance policy in the world”.

Rogers owns physical gold and thinks that due to future financial market instabilities, gold could well turn into its own bubble. This is because, when financial crises hit, people go to gold and silver as a safe haven asset. "That’s what they do", he says.

Rogers appreciates that the gold market is a fractional-reserve market, with only partial backing by real physical metal. On the subject of paper gold versus physical gold, Rogers envisages that in a real crisis, there won’t be a paper gold market - the paper gold markets will close down due to widespread chaos. That is why there is a need for physical gold ownership, in your pocket or in a vault.

Jim, who has some gold stored in Singapore, thinks that Singapore is better than most as a gold storage jurisdiction, and an added attraction is that buying investment gold and silver in Singapore is tax free (GST free).

The interview with Jim Rogers is published as part of the BullionStar Perspectives series, a series which aims to provide viewers with free access to original and independent views and analysis of the precious metals markets.

The Jim Rogers Interview, which is just over 14 minutes long, can be viewed here

Other videos in the BullionStar Perspectives videos series include Marcus Grubb of the World Platinum Investment Council on the Case for Platinum. Bron Suchecki of Monetary Metals on the intricacies between the physical and paper gold markets, Chris Powell of GATA on price manipulation in the gold market,  analyst Jayant Bhandari on the Indian gold market, and Ronan Manly of BullionStar on Secrecy vs Transparency in the gold market.

The BullionStar website also features in-depth factual gold market information in BullionStar's Gold University portal, original research and analysis of the global precious metals markets by BullionStar analysts Koos Jansen and Ronan Manly, a unique monthly review of the world's most important physical gold markets in chart form in BullionStar's Gold Market Charts series, and a specific company-focused blog series known as BullionStar Blogs (also known as 'Inside BullionStar').

BullionStar's Gold University is a Wikipedia-style resource for use by the gold industry, by financial media and reporters and by general readers. It features contemporary factual information covering the world's gold markets, a selection of the world's largest gold vaults, profiles of the world's largest precious metals refineries and mints, and profiles gold industry associations. It also contains sections addressing the core concepts of the Chinese gold market, central bank policies on gold, and the mechanics of bullion banking and gold ETFs.

Articles and analysis by BullionStar analysts Koos Jansen and Ronan Manly, published in the form of blogs, keep readers up to date with developments in the precious metals markets. These blogs contain original research, such as on the Chinese and London gold markets, and are popular across the precious metals industry as well as being frequently featured across many other websites.

BullionStar's Gold Market Charts uses charts to capture current developments and demand and flow trends in the world’s most important physical gold markets including China, India, Russia and Switzerland.

The BullionStar Blog's series (Inside BullionStar) features posts relevant to the company BullionStar and its products, but also extends to hosting interesting articles on aspects of the gold market and BullionStar's unique Infographics on the gold market.

All of the above content can be found on the BullionStar site under the 'BullionStar Research' menu.

BullionStar in the Media

BullionStar and its team members are also frequently quoted in the wider financial media, and have appeared in coverage by well-known publications such as the Wall Street Journal, Bloomberg, Straits Times of Singapore, and CityWire Asia. Media Coverage of BullionStar is summaried in a Press Room page on BullionStar's website.

Buy and Sell Gold and Silver with Bitcoin

Given the very strong price appreciation of leading cryptocurrency Bitcoin recently, Bitcoin holders who are thinking of diversifying or taking some profits on their Bitcoin positions may be interested to know that in addition to transacting in US Dollars, Singapore Dollars, and Euros, BullionStar also accepts Bitcoin as a payment option for its precious metals products, and has done so since May 2014.

2017 Year-to-Date: Bitcoin Price in US Dollars
2017 Year-to-Date: Bitcoin Price in US Dollars

Using the BullionStar website, customers can quickly and efficiently purchase gold bars and gold coins, as well as silver bars and silver coins using Bitcoin. Customers can also sell gold and sell silver to BullionStar and receive settlement proceeds in Bitcoin.

The maximum transaction size for a purchase order using Bitcoin is currently set by BullionStar at BTC 200 per transaction. There is no minimum transaction size for a purchase order using Bitcoin. For sell orders that settle in Bitcoin, the standard maximum transaction size is currently 30 BTC per transaction, but this can be higher upon discussion with BullionStar.

Bitcoin as a currency is also fully integrated into the BullionStar website. Once you select Bitcoin as the default currency from the Currency drop-down menu at the top right hand side of the BullionStar website homepage, Bitcoin becomes the default transactional currency within the website, and furthermore, all spot prices and associated charts and all product prices on the website will be displayed in terms of BTC.

If logged into your Account, your ‘My Vault Balance’ and ‘Cash Balance’ will also be displayed in BTC. Account history and “My Vault Portfolio” are also displayed in BTC once Bitcoin is selected as the default currency option.

Buying Gold and Silver using Bitcoin

To purchase precious metals on the BullionStar website using Bitcoin:

1, Select Bitcoin in the currency drop-down menu at the upper right hand side of the BullionStar homepage. This will display all product prices in Bitcoin, and will also automatically populate Bitcoin as the default payment method in the online Checkout tool.

Bitcoin currency
Select Bitcoin in the Currency Dropdown menu

2. From the ‘Buy Gold and Silver’ menu option, select the precious metal products you wish to buy. Product prices will be displayed in Bitcoin (BTC).

For example, if you are interested in purchasing a PAMP minted 1 ounce gold bar, select ‘Gold Bars’ from the drop-down menu and the price in Bitcoin of a 1 ounce PAMP gold bar will be displayed in BTC, which, at the time of writing was BTC 0.675530.

BullionStar Product Prices displayed in BTC
BullionStar Product Prices displayed in BTC

3. Fill in the quantity of the product you wish to buy. Then click the green “Add to Cart” button to add the selected product to your Shopping Cart.

4. Repeat Step 3 to add other products to your Shopping Cart, or if finished shopping, select the green ‘Checkout’ button towards the top right hand side of the screen.

5. In the subsequent Checkout screen, Bitcoin will appear as the default payment method. Select your preferred ‘Delivery Method’ of either ‘Vault Storage’, ‘Shipping by Courier’, or ‘Personal Collection (Pick-up)’.

Checkout Screen with BTC as the default payment option
Checkout Screen with BTC as the default payment option

Ensure that the order total is less than or equal the maximum transaction size for a purchase order of BTC 200 per transaction.

Fill in your customer information, click the check boxes to indicate that you agree with the Terms and Conditions, and that you agree that the order is binding, then click the “Confirm” button to place your order.

6. After clicking “Confirm”, an order confirmation will appear on the screen. This order confirmation details your order number, the products ordered, the order date, your customer information, and the Bitcoin payment information, i.e. the payment amount in BTC and the unique Bitcoin address to which to send your payment to. An example of a Bitcoin payment amount and a Bitcoin address is shown in the screen below.

Bitcoin payment
Example of Bitcoin payment information on an order Confirmation

Your order confirmation is also sent to your email address.

Upon placing an order and hitting ‘Confirm’, you have 20 minutes in which to send your Bitcoin payment to the unique Bitcoin address that specified on your order confirmation.

7. As soon as BullionStar has received 6 block confirmations of your Bitcoin payment, which can take anywhere from 20 minutes to a few hours, you will automatically receive a payment confirmation update to your email address. BullionStar will thereafter process your order.

For those unfamiliar with the Bitcoin transfer confirmation process, block confirmation is Bitcoin’s way of verifying transactions.

When a Bitcoin transaction is made, it is then verified by Bitcoin miners and is grouped with other transactions into a new block on the blockchain, upon which it is confirmed. Then when subsequent blocks are added to the block chain, all previous blocks are reconfirmed, a process which generates additional block confirmations.

Generally, merchants and retailers who accept Bitcoin require 6 confirmations to ensure that a transaction has been fully validated.

Upon receipt for 6 confirmations, BullionStar will proceed to process your order.

Selling Gold and Silver using Bitcoin

To sell gold or sell silver on the BullionStar website and receive the proceeds in the form of Bitcoin:

1. Select Bitcoin in the currency drop-down menu at the upper right hand side of the BullionStar homepage.

2. Select the “Sell Gold & Silver to us” option from the main menu.

Select the product(s) and quantity you wish to sell.

Ensure that the total value of the sell order in BTC is less than or equal to BullionStar's current online maximum transaction size for a sell order of BTC 30 per transaction.

(Note: If you would like to place a sell order for an amount larger than BTC 30, please send an e-mail to support@bullionstar.com or call +65 6284 4653  to enquire whether we can settle your sell order in Bitcoins.)

Enter your customer information. The Payment Instructions box will be defaulted to Bitcoin. In the Bitcoin Address box, enter the Bitcoin address where you want to receive your Bitcoin payment to. Then submit your order by clicking “Confirm”.

Bitcoin Sell screen
Bitcoin Sell screen. Payment Instructions defaults to Bitcoin and Bitcoin Address box

For more information, see BullionStar's help page "Bitcoin as Payment Option and Currency".

To convert Bitcoins to traditional fiat currency, one straightforward option is to use a Bitcoin exchange such as Bitstamp in the USA or FYB-SG in Singapore. The steps to follow would be to open an account with a Bitcoin exchange, transfer your Bitcoins to your account wallet on the Exchange, sell the Bitcoins on the exchange, and then withdraw the proceeds of the sale in a currency such as US Dollars.

Those who currently do not hold Bitcoin but who might want to can also open and fund a Bitcoin account with one of the Bitcoin Exchanges, and then buy Bitcoin to hold in their Exchange account. This Bitcoin could then be subsequently used in a transaction on the BullionStar website to buy gold or buy silver.

BullionStar Charts: View and Create Bitcoin Charts

Note that historic Bitcoin prices are also available on the BullionStar Charts page, where Bitcoin is listed under the Currencies category along with 18 major currencies. The BullionStar charting tool allows you to chart the price of Bitcoin in terms of other currencies and in terms of precious metals, commodities, major stocks, popular stock indices, and in terms of the prices of BullionStar’s product range.

With a Bitcoin price history that goes back to January 2011, you can now use BullionStar charting tools to check and view the price action of Bitcoin for the last 6 and a half years.