This GoldSilver Central review covers a Singapore bullion dealer with a showroom at 3 Pickering Street, Nankin Row, that sells gold, silver and platinum bars and coins and stores metal at Le Freeport. As at November 2026, it shows a buy-back price next to each product, charges 0.30% a year to store gold (its banner says 0.24%) and has a S$10 monthly storage minimum.
GoldSilver Central Pte. Ltd. is on the Ministry of Law’s list of registered dealers under the Precious Stones and Precious Metals Act (PS20190001022, list at the time of writing (November 2026)). Registration covers anti-money-laundering controls only: the Ministry of Law does not regulate a dealer’s prices, storage or finances, and registration is not a licence from MAS. Gold prices can fall as well as rise; past performance is not a guide; gold pays no interest.
What GoldSilver Central Sells
Its site lists gold, silver and platinum bars and coins, numismatic and collector coins, a Perth Mint Certificate Program, the GSC Savings Accumulation Program, a Collateral Loan Program and an allocated storage programme. It also buys gold jewellery.
Collector and proof coins carry higher premiums and are not investment precious metals, so GST applies to them; our guide to GST on gold explains the rules. A loan against gold adds borrowing risk on top of price risk.
GoldSilver Central Review of Charges as at November 2026
| Item | Charge |
|---|---|
| Gold and platinum storage | 0.30% a year (banner on the same page: 0.24%) |
| Silver storage (under 3,000 oz) | S$0.02 per oz a month |
| Minimum storage charge | S$10 a month |
| Handling and transfer (one time) | S$85 |
| Local delivery | S$80, free from $20,000 |
| Uncollected orders (after two weeks) | Higher of 1% a year or $5 |
| GST | Added to all charges |
The storage page shows two gold rates without explaining the difference. Ask which one applies to you before signing up.
The short version: buy-back prices are shown per product, which makes the spread easy to check, but the $10 monthly minimum makes vault storage expensive for small holdings.
Storage and Insurance
GoldSilver Central says its storage is “allocated”, backed by a Certificate of Ownership, with metal held at Le Freeport, a free trade zone. It describes “full insurance coverage” without naming the insurer, sends monthly inventory updates and an annual audit report, and needs two business days’ notice and a signed form for a withdrawal. The page does not use the word “segregated”. Our guide to storing gold safely lists the questions to ask about any vault.
Paying and Selling Back
The payment methods listed are cash in Singapore dollars, cashier’s and personal cheques, bank transfer and PayNow. No surcharges are stated, and cards are not listed.
Each product page shows a buy-back price alongside the selling price, so you can see the spread before you buy. The site does not say whether it buys bullion bought elsewhere; ask before you visit. Our guide on how to sell gold in Singapore covers getting several quotes.
One oddity: its FAQ still explains identity checks for cash payments of S$20,000 and above under the older Corruption, Drug Trafficking and Other Serious Crimes Act. Today the Ministry of Law’s rules under the Precious Stones and Precious Metals Act require customer due diligence for cash or cash-equivalent transactions above $20,000.
Worked Example: S$10,000 of Gold Stored for a Year
Our own numbers, using its published charges:
- Storage at 0.30%: $30 a year, below the $10 monthly minimum, so the minimum applies: $120 a year, about $130.80 with 9% GST.
- Handling fee: $85 once, about $92.65 with GST.
- First-year total: about $223, or 2.2% of $10,000.
The minimum stops binding once gold stored is worth $40,000 at 0.30%. Run your own figures through the gold investment return calculator.
Drawbacks and Who It Does Not Suit
- High minimum storage charge for small holdings.
- Conflicting gold storage rate on its own page.
- Outdated legal reference in its FAQ, though it is registered under the current law.
- No card payments listed, which some buyers will find less convenient.
It does not suit someone storing a few thousand dollars of gold in a vault. Alternatives: Indigo Precious Metals, which lists no minimum storage charge, UOB’s Gold Savings Account, or a gold ETF on SGX.
What To Do Next
- Check the Ministry of Law dealer list before you pay.
- Ask which gold storage rate applies, and whether it buys back bars bought elsewhere.
- Compare its selling and buy-back prices with the gold premium calculator.
- Do your own due diligence. This review is general information, not a recommendation.
