There is tremendous demand from bullion investors from all over the world to relocate existing bullion stored in various facilities across the globe. As SGPMX does not allow unauthenticated bullion into its trading ecosystem, we have arranged for a program in which circulated bullion can be verified and then relocated into the ecosystem, or circulated bullion can be stored first and authentication could be made later.
Before entering the SGPMX ecosystem, the bullion has to be certified by one of our internationally recognized approved mints to enter the into the SGPMX ecosystem.
All circulated bullion are transported directly to our panel of approved mints for certification or assaying.
From being listed in the custom’s airway bill and being cleared by Singapore customs, every movement is monitored. All bullion that enters our ecosystem are recorded and reconciled daily via the F.A.C.T. Report.
The sealed boxes of bullion are jointly inspected by the Singapore Customs authority and SGPMX. Daily reconciliation reports are made to prevent fraudulent movement of bullion.
All certified bullion are subject to additional non-destructive authentication.
|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%|
** 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 link below.
Note: The Annual Storage fee is renewable yearly.
Copyright© 2020 Singapore Precious Metals Exchange Pte Ltd (Company No. 201020848N),
Le Freeport 32 Changi North Crescent, Singapore 499643.