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Gold and silver are the world's two most important precious metals and both metals are used globally as forms of savings and investment and as forms of wealth preservation. Indeed, both both gold and silver have been used as money and as store of values for thousands of years. Because gold and silver are tangible assets with limited supply that are costly to mine and difficult to counterfeit, this gives the two metals intrinsic value and explains why both gold and silver have been chosen as monetary metals throughout recorded civilization.
Because gold is relatively scarcer than silver, gold bullion has a higher intrinsic value than silver bullion. Each metal also has some common demand drivers and some distinct demand drivers which help to explain the relative price differences between the gold price and the silver price on international markets.
Unlike national fiat currencies which are issued by central banks, monetary authorities, and national governments, gold and silver do not have any counterparty risks or default risks because they are not issued by any issuing entity. Therefore, when you hold physical gold bullion or silver bullion in your possession or stored with a secure precious metals storage provider such as BullionStar in Singapore, you are holding assets with value outside the banking system which are ring-fenced from the financial system.
For both precious metals, when you buy physical gold and buy physical silver, the optimal way to do so is in the form of gold bullion bars and coins and silver bullion bars and coins from the world's leading precious metals refineries and mints. As one of the world's leading precious metals dealers, BullionStar stocks a very wide range of high purity investment grade quality gold bars, gold coins, silver bars and silver coins, from the worlds most prestigious refineries and mints. These include refineries such as PAMP, Heraeus and Argor-Heraeus, and national mints such as the Royal Canadian Mint, US Mint, Austrian Mint and Perth Mint. Bullion products from these mints and refineries are also exempt from Singapore’s Good and Services Tax (GST), so when you buy gold bullion or buy silver bullion from BullionStar, you pay no GST.
Gold bars can be purchased as minted gold bars and cast gold bars across a wide variety of weights and designs. Popular gold bar weights are the 1 kg gold bar and the 100 gram gold bar. Silver bars are available as either cast silver bars or minted silver bars with popular weights in the range of 15 kgs down to smaller sizes such as 1 kg and 5 oz. BullionStar’s gold coin and silver coin ranges are extensive, covering beautifully designed coins in many weights and denominations from all of the world’s leading mints.