Account
Pricing & limits
The Gold Savings Account (GSA) was built to be transparent, affordable and easy to use, with no hidden fees. When compared to most traditional forms of bullion investing, the GSA offers the best value in terms of convenience, cost, and security for its users.
Fees
| Buy premium for gold | 2% |
| Sell premium for gold | 0% |
| Resulting in an effective 2% buy/sell spread | |
| Annual gold storage fee | 0.35% |
| Calculated daily based on your average daily holdings against the closing spot price of gold. Charged on gold sale or monthly to your gold balance if the total accumulated storage fees are greater or equal to 0.01g. | |
| Minimum annual gold storage fee | 0.1g |
| Due every account opening anniversary | |
| PayNow/Domestic bank transfer fee | 0% |
| International wire fee | 0% |
| Please note: There might be FX or transfer fees levied by the banks facilitating the transfer that can impact the total amount we receive. | |
| Credit card fee | 3.5% |
| Credit card payments are only accepted in Singapore Dollars (SGD) and US Dollars (USD) | |
Buy/Sell Limits
| Minimum gold purchase/sale | 0.01g |
| Maximum daily gold purchase/sale | SGD 200,000 |
| Maximum unfunded gold purchase | SGD 20,000 |
| Unfunded transactions have to be fully paid up within 48 hours of purchase to avoid penalty charges. More information | |
Deposit/Withdrawal Limits
| Minimum deposit | SGD 0.01 |
| Maximum deposit & withdrawal | SGD 999,999.99 |
| Minimum withdrawal | SGD 10 |
Initial account balance limit | SGD 20,000 |
| All accounts begin as limited accounts. The limit will be removed once your account information and submitted documentation has been verified. | |
Redemption
You can redeem your gold holdings for Silver Bullion's best-tier pricing, on all physical gold products in our Bullion Shop in Singapore
Make sure to have enough grams of gold in your Gold Savings Account to cover the weight of the physical product multiplied by its fineness and its current premium.
As an example, to redeem a 1 kg 99.99% fine Heraeus gold bar with a 2% premium you'll need:1000.00 * 0.9999 * 1.02 = 1019.90 grams
Truly secure your wealth
for generations.
and protect yourself from inflation
