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SGPMX is built on four major components, which are:
1) Global Procurement
SGPMX has direct inventory of authenticated precious metals from internationally-recognised mints.
2) Secured Shipment
We provide door-to-door logistics solutions that has helped thousands of transactions find its way to owners all over the world, securely and fully insured. If you choose our storage option, you can be assured that every bullion procured is delivered directly into our vaults located in Le Freeport Singapore. You can also choose to withdraw the stored bullion from our secured bonded vaults at any time and have it shipped to a destination of your choice.
3) Secured Storage
A robust bullion trading platform requires equally excellent secured storage facilities. For total peace of mind, we are the only bullion company licensed by the Singapore Customs to operate at the (tax-free) high security bonded storage facilities in Le Freeport Singapore.
4) Trading Platform
The platform allows individuals, traders and institutions to buy and sell their precious metals with the exchange in real-time.
Singapore Precious Metals Exchange (SGPMX) is the world’s first and only precious metals exchange 100% backed by physical precious metals. Institutions, investors in precious metal exchange traded funds, and individuals can now conveniently buy, store, and trade bullion securely from anywhere around the world.
We are the only bullion company licensed by the Singapore Customs to operate at the tax-free, high security bonded storage facilities in Le Freeport Singapore. We are also a registered dealer with the Ministry of Law, Singapore, complying with the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act. Our accreditations represent the epitome of secured storage facilities in Singapore.
SGPMX was established to address the problems that come with the ownership of physical precious metals faced by individuals and traders alike. These challenges include difficulty in storing and selling precious metals without incurring high spread margins, among others. Furthermore, most precious metals investment products offered by banks today are still essentially paper backed. Only when the investor chooses to take possession of the metals, is when the bank procures the necessary bullion.
We overcome these challenges by offering a full range of services which address customer demands in four key areas – buy, sell, trade and store.
SGPMX is the first and only 100% physically backed precious metals trading platform. All uncirculated bullion are sourced directly from mints. Trades within the SGPMX ecosystem are fully insured, allocated and segregated.
This allows for anyone and everyone to start investing in precious metals to diversify their holdings, securely, conveniently, in a vibrant and liquid market.
We are the first exchange that provides a unique peer-to-peer trading capability where members are able to trade physical bars wholly or in fractions.
Our Independent Board of Advisors can be found here.
The SGPMX Independent Advisory Board’s duties are advisory and consultative. The board advises, consults with, and makes recommendations to the SGPMX management. The board aspires to ensure a return on investment in precious metals via tangible and physical means, free of derivatives, by providing an independent market-making system based on spot prices for gold and silver.
The purpose of the Independent Advisory Board is:
- To provide bullion industry leadership and oversight of the transparency, health, and management of SGPMX.
- To develop education and advocacy programs that help stimulate the demand for physical precious metals.
We do not comment on other companies. However, we understand that some companies have sold bullion as a mechanism for an investment scheme. We stress that SGPMX is not an investment scheme but a tool that facilitates easier and more secure investments in precious metals.
SGPMX is a licensed dealer of Ministry of Law, Singapore, which is in compliance with the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act, and is governed under Enterprise Singapore by the Commodities Trading Act (CTA).
SGPMX facilitates the trades that have been instructed by the investors and has no direct access to the stored bullion (allocated and segregated) at Le Freeport Singapore, where SGPMX is the only bullion company licensed by the Singapore Customs to operate at the (tax-free) high security bonded storage facility. The stored bullion are the legal possession of the investor and does not sit on SGPMX’s balance sheet.
Your SGPMX account is treated like any other asset you may have (i.e. bank account, properties, etc). Thus, in the event of your demise we will allow the account to be transferred according to your wishes as stated on your Last Will and Testament. Your next of kin will be given the authority to operate your account once we receive the relevant documentation.
Alternatively, you may consider one of the following methods which enables you to appoint an additional person to have access to your account with immediate effect yet providing you control at the same time:
Alternative 1
Convert your existing SGPMX account from a Personal Account to a Joint Account, where you may include your beneficiary now as a Joint Account holder.
Alternative 2
Convert your existing SGPMX account from a Personal Account to a Corporate/Trust, where you may include your beneficiary now as a Joint Account holder.
Kindly contact us at customerservice@sgpmx.com if you would like to convert your account.
SGPMX Exchange Platform | Stacker Market | |
---|---|---|
Main highlight | Peer-to-peer trading opportunity | Trade in fractions instantly |
Features | Buy and sell 100% fully-allocated physical bullion (gold/silver) that are dedicated and insured | Buy and sell 100% physically backed LBMA 1kg gold and silver bar (9999) on an independent platform |
Price determining factor | Price of your choice | Gold and silver spot price (market price) |
Minimum trade value (USD) | $1,000.00* | $1.00* |
Fees | 0.25% trading fee (buy or sell)* 0.50% annual storage fee for gold (buy only)* 0.70% annual storage fee for silver (buy only)* | 1.00% trading fee for gold (buy or sell)* 1.50% trading fee for silver (buy or sell)* 0.25% transfer fee* FREE storage** |
Trade with | Private investors, bullion traders, institutions, refiner, mints | Any Stacker Market user |
*All fees and administrative charges are subject to 7% GST
**Terms & Conditions apply
Last updated: 27th October 2021.
The following entails the fees that are applicable to:
1. TRADING (BUY/SELL) ON SGPMX EXCHANGE PLATFORM
Breakdown | Rates (USD) |
---|---|
One-time joining fee | $100.00* (payable before any trades can be executed) |
Renewal fee | $20.00 (applicable annually from year 2)* |
Trading fee | 0.25% of every successful buy and/or sell order* |
Storage fee | 0.50% annual storage fee for gold (buy only)* 0.70% annual storage fee for silver (buy only)* Storage fee is renewable on a yearly basis and payable upfront to SGPMX* |
*Subject to an additional 7% GST
Note: The minimum value for each trade is USD 1,000.00.
2. PURCHASES IN RETAIL STORE
3.90% Admin Charges are applicable when you use a Credit card as the payment mode.*
*Subject to an additional 7% GST
Registration is free.
However, to activate your trading account, a one-time joining fee of US$100.00 will be levied. This fee is payable before any trades can be executed.
Every customer must go through a Know Your Customer (KYC) process, and each owner/beneficiary must be declared.
To open an account you will be asked to fill in some personal details, and to create a password. Users are expected to keep this information secure for safe transactions.
We will require proof of identity (i.e. a scanned copy of an official photo identification document such as Driver’s License, Passport or National ID).
Read more about our Account Opening Basic Requirements here.
We do not allow adding a second user to the same account for security and confidentiality reasons. For the succession of your SGPMX account, we will rely on legal documentation provided by the executors of your estate (next of kin) to give the relevant beneficiary the rights to your account.
We do not accept bank transfer from third party accounts. All funds must be remitted from your own bank accounts under your name.
Please find the following online tutorial for your reference: Funding Your Trading Account.
Our system does not allow you to change your email address. Your email address is your unique username, and the username cannot be changed. If your email account has become inactive or is deactivated, you can alert us using the Customer Service Enquiry.
There are no spreads as our peer-to-peer trading platform allows you to trade at the price of your choice. You will only be charged a trading fee of 0.25% of every successful buy and/or sell order.
SGPMX does not participate in any trades and merely facilitates for our members.
The spot price from the Retail Store may range depending on the supply and demand as we have to aggregate spot prices from various mint and refiners (in multi-currencies).
The spot reference is subject to change accordingly due to supply and demand. All prices are for reference only and the final prices will be fixed upon confirmation.
You can only trade or sell bullion you already own. Should an investor choose to sell what is legally theirs at a lower price than what is quoted by others, it is technically not selling short but selling cheap.
As the world’s first physically-backed precious metals exchange, the SGPMX Trading Platform allows peer-to-peer trading opportunities for members to buy and sell among themselves. Our members are currently private individuals, bullion traders, and international mints. This helps to facilitate liquidity and optimal pricing for all our members to benefit from.
No, we do not accept cryptocurrencies as a form of payment.
The minimum value for each trade is USD 1,000.00. Thus, each brand, type, and denomination will have to amount to a value of USD 1,000.00.
You can withdraw at any time. Kindly refer to this tutorial to learn how to withdraw from the SGPMX Exchange Platform.
Any unutilized funds in your SGPMX Trading Account will be re-wired back into your own bank account after 60 days. This is why we require you to fill in your wiring bank details when you first funded your account.
Should you require an extension, kindly make a request in writing 5 days before 60 days deadline. Kindly use the Contact Us form and provide us with your username and your request.
The image verification code (sometimes called CAPTCHA) is part of the security procedure to prevent bot hacking software. It is designed so only humans can read it. When you get a verification code error message during your attempt to log in, it could be because you mistyped the code. A new code will be displayed, and you need to re-enter it.
While SGPMX takes necessary precautions to protect your data and information, we have employed the following factors into account:
1. Confidentiality
(Who gets to read information)
Customers data can only be accessed by the customer themselves, our authorised personnel who are in charge of customer related information for operational purposes, and legal parties such as the Singapore Customs and auditors, if required.
All our platforms communication protocol uses Secure Sockets Layer (SSL) Technology to encrypt the data communication between customers devices and our servers, preventing man-in-the-middle attacks and ensuring customers that they are using the verified platform provided by SGPMX.
SGPMX will never share customers information with third parties, other than for legal purposes such as marketing, big data, or anything related.
2. Integrity
(Information and programs changed only in a specified and authorised manner)
Only customers can change their own information. Our authorised personnel may update the customer’s information on behalf upon customer’s instructions.
Customers who access our SGPMX Exchange Platform and Retail Store uses password and email for multi-factor authentication in order to change their information or password. The login page requires an image verification code to combat automated bot attacks.
Customers who trade with the Stacker Market uses password, email, and optional One Time Password (OTP) via email or SMS for multi-factor authentication to access the platform.
No one but the customer themselves are able to change their own password and they will be notified via their registered email if the password or information has been changed.
3. Availability
(Authorised users having access to information and resources)
All customers have complete access to their own information and can update it via request through our customer service.
The SGPMX website has been optimised for the following popular web browsers:
1. Microsoft Edge
2. Google Chrome
3. Mozilla Firefox
4. Safari
Kindly ensure your browser is updated to the latest version for the best and most secure browsing experience.
The system will only allow you 3 attempts to log in before you are required to restart your web browser. If you get either combination of username (your email address used to register) or your password wrong, you will not be allowed access. This is another important security feature to frustrate any hacking activity.
If you are unable to remember your password, kindly click on the “FORGOT PASSWORD?” link and follow the instructions there.
Do inform us if you continue to have any issues logging into your account.
We do not provide APIs. You will have to place your trades manually. The system will automatically execute your trade once prices are matched.
Bullion is stored in a bonded storage facility and every single deposit is itemised and to tagged to their legal owner. The bonded storage facility is a tax free zone.
Any product of which GST is payable may have its GST payment suspended (for the time being) if it is stored in a Zero-GST warehouse, such as Le Freeport Singapore. If and when the product is removed from the Zero-GST warehouse, GST becomes immediately payable.
You may read more about the GST: Guide on Exemption of Investment Precious Metals (IPM) by the Inland Revenue Authority of Singapore for details.
All bullion is stored in Le Freeport Singapore (formally known as Singapore Freeport).
To request the Asset Transfer Service, fill in the form found here.
Please note that all circulated bullion must be certified/assayed before trading on the SGPMX Exchange. We can accept your bullion for “Storage Only” and have your bullion assayed at a later date should you want to trade it on the exchange.
We do not have a maximum amount for our secure storage services. However, the minimum value for bullion to be stored is US$1000.00. All bullion in storage at Le Freeport Singapore is 100% insured.
As the beneficial owner, you can appoint a third-party auditor of your choice to audit and inspect your bullion via our F.A.C.T protocol. Alternatively, we welcome you to visit us personally.
Our storages are divided into:
(1) Vault Storage
(2) Private Safe Deposit Boxes and Mailboxes
1. VAULT STORAGE
The following fees are calculated per annum on the value of the bullion under storage, renewable on a yearly basis and payable upfront to SGPMX.
Total Market Value of Assets (USD) | Gold Rate per Annum | Platinum / Palladium Rate per Annum | Silver Rate per Annum |
---|---|---|---|
$1,000.00 - $999,999.99 | 0.50%* | 0.50%* | 0.70%* |
$1,000,000.00 - $4,999,999.99 | 0.45%* | 0.45%* | 0.60%* |
$5,000,000.00 and above | 0.40%* | 0.40%* | 0.55%* |
*Subject to an additional 7% GST
- We do not have a maximum amount for our secured storage services, however the minimum value for bullion to be stored is USD 1,000.00.
- All bullion in storage at Le Freeport Singapore is 100% insured.
2. PRIVATE SAFE DEPOSIT BOXES AND MAILBOXES
Type | Mailbox Size | Safe Box Size | Maximum Safe Box Load | Total Annual Fee (USD) |
---|---|---|---|---|
1 | 36 x 30 x 44 cm | 26.5 x 41.3 x 74.85 cm | 24 kg | $2,000.00* |
2 | 36 x 30 x 33 cm | 26.5 x 41.3 x 19.85 cm | 12 kg | $1,700.00* |
3 | 36 x 30 x 22 cm | 26.5 x 41.3 x 9.85 cm | 12 kg | $1,300.00* |
*Subject to an additional 7% GST
- Located in the high security zone of Le Freeport Singapore
- Maximum security and controlled 24 / 7 / 365 access
- Stylish natural aluminum finish
- Box numbers are engraved
- Each box has double mechanical cylinder locks
- Customer receives 2 client keys (USD 1,000.00 refundable deposit)
- Optional Key “safe keeping” on demand (USD 100.00 p.a.)
- Bespoke Value Add services available
- Extra: Insurance coverage, annual premium rate is 0.15%
3. PARCEL RECEIVING/HANDLING & STORAGE FEES FOR MAILBOX
The following charges are calculated based on either volume weight or actual weight, whichever is greater.
A. Receiving/Handling Fee for Parcels
Tier | Maximum Safebox Load | Charges (USD) |
---|---|---|
Tier 1 | 1 kg - 4.99 kg | $10.00* |
Tier 2 | 5 kg - 14.99 kg | $20.00* |
Tier 3 | 15 kg - 24.99 kg | $30.00* |
Tier 4 | 25 kg - 34.99 kg | $40.00* |
Tier 5 | 35 kg and more | $50.00* |
*Subject to an additional 7% GST
B. Storage Fee for Parcels
Charges are for per day basis.
Tier | Maximum Safebox Load | Charges (USD) |
---|---|---|
Tier 1 | 1 kg - 4.99 kg | $10.00* |
Tier 2 | 5 kg - 14.99 kg | $15.00* |
Tier 3 | 15 kg - 24.99 kg | $20.00* |
Tier 4 | 25 kg - 34.99 kg | $25.00* |
Tier 5 | 35 kg and more | $30.00* |
*Subject to an additional 7% GST
Our independent assayer, Singapore Assaying Office (SAO) certifies all circulated bullion in Singapore.
They use the destructive method where each and every bar/coin will be drilled for sampling via the fire assaying method.
Estimated cost is as follows (subject to final quantity):
- 3 Point Sampling (per piece): US$15.00
- Assaying: US$240.00
- Certification Report: US$50.00
- Logistics/Insurance Fee: US$500.00
- Customs Permit Fee: US$120.00
- Service Charge: US$100.00
Total fee amount is subject to 7% Government Service Tax.
Alternatively, we can arrange for your bullion to be re-casted or swapped via internationally recognised mints. Kindly make your request at customerservice@sgpmx.com.
All precious metals stored at Le Freeport Singapore are fully allocated and insured. The insurance coverage is comprehensive and covers All Risk and Fidelity. The insurance is procured via Marsh Insurance Brokers, a leading international insurance broker that places our insurance via global reinsurance syndicates.
Your deposits are recorded and reflected in your SGPMX account, which can be accessed securely through the exchange website. You will also have access to real-time statements which reflect all the activity related to your bullion holdings on the exchange.
Yes. You will be able to identify your bullion being stored to view or take physical possession of. Kindly make a request via the Customer Service Enquiry form. Five working days’ notice is required as permits, and paperwork must be completed before viewing or withdrawal.
SGPMX works with several renowned logistics companies. We currently have arrangements with G4S, Malca Amit, Brinks, Loomis, FedEx, and UPS to provide secure logistics services.
SGPMX has an Asset Transfer Service (ATS) in which your bullion can be safely transferred to our vaults in Singapore. Request for Asset Transfer Service here.
Here is the list of our logistic service providers.
All shipments are fully insured against all liabilities.
Yes, you may. However, this requires special arrangements that will require us to procure the necessary permits and declarations. Bullion carried into Singapore through normal channels may attract taxes. We highly recommend giving us enough notice beforehand should you need to self-import your bullion.
The precious metals and jewellery liquidation service is designed to enable you to kickstart your trading ventures on our exchange platform with your preexisting precious metals, by swapping your precious metals (e.g. bullion, jewellery, and gold or silver scraps) to be converted into bullion bars or cash. We can guarantee an accurate assessment of your precious metals and offer you competitive pricing and fast payout. This way, you can enjoy maximum returns at the lowest cost to you.
This is how the program works:
Step 1: Collection of precious metals
We will collect your precious metals via our secured logistics partners. All packages will be weighed and sealed in individual tamper-proof secured bags and are fully insured while in transit to our appointed refiners or mints.
Step 2: Authentication / assaying by appointed refiners or mints
Authentication / assaying will be done via our appointed refiners / mints and a personalised assay report will be provided individually.
Step 3: Choose to swap for bullion or cash
You now have the option to swap your precious metals based on the assay report into bullion or sold for cash.
Step 4: Choose delivery or storage of bullion
If you chose to swap for bullion bars, you have the option to take physical delivery of the bullion or have it stored at Le Freeport Singapore to be traded on the SGPMX Exchange Platform.
Contact us to get a quote.
Investment into physical gold means being locked in for long periods without the ability to make that money work for you in the meantime. This is the past.
SGPMX provides the bullion and our lending partners can provide liquidity without sacrificing your long positions in physical bullion.
Highlights of the bullion collateralization service:
- Collateralise your gold & silver kilobars for instant liquidity
- Get up to 80% loan to valuation
- Your collateralised bullion doesn’t leave the SGPMX ecosystem
- Receive competitive* interest rates
*Terms & Conditions apply.
There is no longer a need to liquidate your bullion when you require cash.
Contact us to get a quote.
Members of our fractional trading platform Stacker Market who have upgraded to the Stacker Market Pro Account will receive the following benefits:
1. UnionPay virtual debit card
- UnionPay cards are accepted in 180 countries and regions, and is accepted by 61 million merchants globally.
- The Nexus UnionPay virtual debit card allows you to spend your Stacker Market sales proceeds, which can be used for online and physical purchases that accepts UnionPay as a payment method via:
- Nexus App using QR Code
- Huawei Pay
- Apple Pay
- Purchases via Google Pay will be introduced soon.
2. A mailing address in Singapore
Each account is allocated a personal corresponding address to receive mails (i.e. bank account statements, correspondence), packages, and shipments privately within the safe confines of Le Freeport.*
*Kindly note that the mailing address cannot be used as a registered business address. Handling and storage fees are applicable.
3. Preferred rates
When onboarding existing metals via Asset Transfer Service or Bullion & Jewellery Liquidation, or redeeming your Stacker Market allocated ounces for physical metals.
All SGPMX members can request for our private concierge service. Fees will be charged according to the bespoke services required. Kindly reach us via our Private Concierge contact form and select the services required.
Private concierge services provided by SGPMX include:
- Private safe deposit and mailbox service
- Bullion redemption in any currency, in a debit card
- Preferred F&B hotel privileges
- Storage and asset transfer services
- Airport meet and greet
- Private charter service
- Private viewing suites
- Reciprocal club privileges
Last updated: 27th October 2021.
The following entails the fees that are applicable to:
1. TRADING (BUY/SELL) ON SGPMX EXCHANGE PLATFORM
Breakdown | Rates (USD) |
---|---|
One-time joining fee | $100.00* (payable before any trades can be executed) |
Renewal fee | $20.00 (applicable annually from year 2)* |
Trading fee | 0.25% of every successful buy and/or sell order* |
Storage fee | 0.50% annual storage fee for gold (buy only)* 0.70% annual storage fee for silver (buy only)* Storage fee is renewable on a yearly basis and payable upfront to SGPMX* |
*Subject to an additional 7% GST
Note: The minimum value for each trade is USD 1,000.00.
2. PURCHASES IN RETAIL STORE
3.90% Admin Charges are applicable when you use a Credit card as the payment mode.*
*Subject to an additional 7% GST
Our retail store has affiliations with internationally recognized mints. It provides a direct inventory of gold and silver to customers from these mints. These mints include Geiger Edelmetalle GmBH, Heraeus SA, PAMP Suisse, Perth Mint, Royal Canadian Mint, Scottsdale, The Royal Mint, The Singapore Mint, Golden State Mint, New Zealand Mint, and Valcambi SA.
The Goods and Service Tax (GST) is also known as Value Added Tax (VAT) in many other countries. GST is a consumption tax levied on the supply of goods and services in Singapore and the import of goods into Singapore. GST is an indirect tax, expressed as a percentage (currently 7%) applied to the selling price of goods and services provided by GST registered business entities in Singapore.
For purposes of GST (Goods and Services Tax), bullion products in Singapore may be categorized into two categories:
- Investment precious metals (IPM) products that are listed by the authority, Enterprise Singapore (ESG) , as GST free; and
- Non-IPM products that do not have such GST exemption and therefore GST is payable on them.
Notwithstanding the above, a product of which GST is payable may nonetheless have its GST payment suspended if and when stored in a Zero GST warehouse. If and when the product is removed from the Zero GST warehouse, GST becomes immediately payable.
GST (7%) is not applied to bullion stored in the secured bonded vaults at Le Freeport Singapore. However, all fees are subject to 7% Singapore GST (e.g., Admin Fee, 1 Year Storage Fee, Trading Fee, etc.).
GST is charged in SGD (converted to USD as per invoice exchange rates). Products sold overseas are not subject to GST, but the fees are.
Please see ICA (the Singapore customs authority that administers GST) website for details.
GST is not applied to bullion stored in Le Freeport Singapore secured bonded vaults. Only a storage fee of (gold is 0.5% and silver is 0.7%) per year is levied on the value of bullion stored. However, local GST or duties may apply to bullion shipped to the country of your choice if and when you choose to withdraw your bullion. You will also be required to pay Singapore GST (non IPM) if you withdraw the bullion in Singapore. A removal service fee, shipping fee, and insurance fee shall apply. You may read more about the GST: Guide on Exemption of Investment Precious Metals (IPM) by the Inland Revenue Authority of Singapore for details.
3.9% Admin Charges are applicable when you use a credit card as the payment mode.
You can choose Worldwide Shipping or Secured Storage upon checkout in the retail store at the “Shipping Method” step. Please note that only purchases above US$1,000 are entitled to the Secured Storage option.
You may choose to pay via:
- Credit Card
- Wire Transfer
- Singapore Residents: GIRO/ENETS Direct Debit
You may pick up your purchases or your stored bullion from our SGPMX Customer Service Counter located in:
Le Freeport
32 Changi North Crescent
499643 Singapore
When collecting your stored bullion, kindly give us five days notification via a Customer Support email.
There are no taxes applicable to the bullion you send to SGPMX for storage under the ATS. Our secured storage facilities are located within a bonded tax free zone.
We welcome you to move your existing physical bullion (bars and coins) with us via our Asset Transfer Service (ATS).
It is mandatory that all circulated bullion is to be certified/assayed before it can be traded (sold) on the Exchange (Trading) Platform or collateralised via our Gold & Silver Collateralising Program.
These are the indicative pricing for verification to certify your asset.
Asset | Service | Ounce | Rates (USD) |
---|---|---|---|
Silver | Verified | <1,000 | $0.90 - $1.10 per oz* |
Silver | Verified | 5,000 | $0.70 - $0.90 per oz* |
Silver | Verified | +10,000 | $0.50 - $0.70 per oz* |
Silver | Re-Fabrication | 10,000 | $1.00 - $1.30 per oz* |
Gold | Verified | 500 | 0.75% - 1.00%* |
Gold | Verified | 1,000 | 0.50% - 0.75%* |
Gold | Verified | 1,000+ | Contact Us |
*Subject to additional 7% GST
**The all inclusive ATS Service is only applicable in the US. Costs cover shipping/insurance to Scottsdale Mint, re-fabrication/asset verification, shipping/insurance to SGPMX, along with export permitting and documentation. Keep in mind, we only offer re-fabrication for non-legal tender silver bullion products.
***For other parts of the world, customers can opt for a “Certified Asset Transfer” or a “Non-Certified Asset Transfer Service” to store their bullion with SGPMX.
Costs of shipping/insurance and asset verification will be quoted individually when you send us details via our ATS form
Note: The Annual Storage fee is renewable yearly.
To request the Asset Transfer Service, fill in the form found here.
Please note that all circulated bullion must be certified/assayed before trading on the SGPMX Exchange. We can accept your bullion for “Storage Only” and have your bullion assayed at a later date should you want to trade it on the exchange.
The Asset Transfer Service allows bullion owners worldwide to ship their precious metals to SGPMX for storage. Request for asset transfer service here.
Here is the list of our logistic service providers.
All the processes such as Procurement, Logistics, Storage, and Trading under SGPMX follow strict operational procedures, which we call the F.A.C.T report. The report is designed to ensure that all exchange members have the transparency and security they need.
There are no charges or processing fees for the IRA service. You will only need to pay the fees for buying, selling and storing your precious metals with us.
The IRA services are provided by our appointed lawyers in the US. We will connect you to the lawyers when you make the request via our IRA request contact form.
IRA approved precious metals include American Eagle Gold and Silver Coins.
All the processes such as Procurement, Logistics, Storage, and Trading under SGPMX follow strict operational procedures, which we call the F.A.C.T report. The report is designed to ensure that all exchange members have the transparency and security they need.
You can view our terms and conditions here.
As the beneficial owner, you can appoint a third-party auditor of your choice to audit and inspect your bullion via our F.A.C.T protocol. Alternatively, we welcome you to visit us personally.
We do not publish internal audit reports publicly to preserve the confidentiality of all our client’s holdings. All bullion in storage is 100% insured and is allocated / segregated to each customer.
All bullion is reported and audited realtime by the Singapore Customs Authority and physical checks are done on a regular basis.
SGPMX is a private institution. It is not a financial institution and is not obligated to do Foreign Account Tax Compliance Act (FATCA) Reporting. All customer information is deemed Private and Confidential, and SGPMX does not share customer information. We require all our customers to be registered as each bullion is fully allocated and dedicated to each respective account.
Our independent assayer, Singapore Assaying Office (SAO) certifies all circulated bullion in Singapore.
They use the destructive method where each and every bar/coin will be drilled for sampling via the fire assaying method.
Estimated cost is as follows (subject to final quantity):
- 3 Point Sampling (per piece): US$15.00
- Assaying: US$240.00
- Certification Report: US$50.00
- Logistics/Insurance Fee: US$500.00
- Customs Permit Fee: US$120.00
- Service Charge: US$100.00
Total fee amount is subject to 7% Government Service Tax.
Alternatively, we can arrange for your bullion to be re-casted or swapped via internationally recognised mints. Kindly make your request at customerservice@sgpmx.com.
Your deposits are recorded and reflected in your SGPMX account, which can be accessed securely through the exchange website. You will also have access to real-time statements which reflect all the activity related to your bullion holdings on the exchange.