Bullionstar Review – Buying Gold and Silver in Singapore in 2020

Table of Contents

Bullionstar in Singapore sells, buys and stores gold, silver and platinum. Singapore is one of the best places to buy gold and silver because most products are GST-Tax free.

This post will provide you with information about investment opportunities in gold and silver in Singapore.

Advantages of buying gold and silver in Singapore

Singapore is one of the best places to buy gold and silver because of many reasons.

Firstly, most gold, silver and platinum products are GST-free (Goods and Services Tax-free). This is a huge advantage over many other countries, because silver and platinum products, in some countries also gold products are not VAT-free. In short, when buying precious metals in Singapore, you do not pay any taxes – you pay the price for the metal weight only.

Secondly, foreign investors can freely purchase and store their gold and silver in Singapore. Moreover, certain investment-grade gold, silver and platinum products can be imported and sold in Singapore tax-free.

Thirdly, and most importantly, there is no capital gains tax in Singapore at all. Everything you earn after selling your investment-grade metals goes directly to your pocket. However, if you are a resident of another country, you have to pay capital gains tax in your country.

Singapore has a vault where everyone can store their precious metals bought. Furthermore, Singapore has very low corruption levels.

Finally, there are not many licensing requirements for export or import of gold, silver, platinum or palladium products. Also, Singapore is well connected with the world and has direct flights from many cities around the globe.

Do your research about taxes in your country

You should do your own research to find all the details about taxes. Consult your accountant if needed. Taxes used to change over time.

One of the best places to start investing in gold or silver in Singapore is Bullionstar.

Bullionstar is physical gold, silver and platinum products dealer in Singapore and New Zealand. Moreover, the company has a retail shop in the center of Singapore, where you can buy, sell, store and get consultation about gold, silver and platinum.

Nowadays, Singapore is one of the best locations on earth for purchasing and storing gold and silver because of no taxes on gold and silver products.

Bullionstar homepage screenshot 2020
Screenshot of the homepage of Bullionstar

What offers Bullionstar?

The company is based in Singapore, where very great business conditions are developed. Bullionstar sells, stores, audits and buys gold, silver, platinum and palladium products, jewelry.

Bullionstar offers a wide range of products, competitive prices, friendly and helpful staff. Comapny Bullionstar accepts many different payment methods, including cryptocurrencies.

Facts about Bullionstar

The products at Bullionstar can be bought online and can be shipped directly to your home or stored in the vault under your name either in Singapore or New Zealand vaults. Moreover, you can visit Bullionstar retail shop directly and buy or sell precious metal products there.

International shipping is available to these countries: US, Canada, Mexico, Australia, Europe (Germany, Denmark, UK, Finland, Sweden, Luxemburg, Monaco, Spain, Portugal), Asia (Japan, New Zealand, Hong Kong, Malaysia, UAE).

Storage by Bullionstar

At Bullionstar you can create an account, transfer funds in it and use transferred funds to buy gold, silver or platinum products. Furthermore, you can hold them for a while and sell them back at any time or you can get them shipped to you.

Keep in mind that metal storage in the vault always has small fees that depend on the weight of your metal. You can find Bullionstar vault storage fees here.

At any time, you can withdraw your metals from the vault and choose to get your metals shipped to you at any time. More details you can find in the Bullionstar website.

Especially storage in Singapore is getting very popular nowadays because of the stable economic environment, no taxes on gold and silver and no reporting requirements.

Bullionstar user reviews

You can easily find that Bullionstar has one of the highest ratings by the customers. The collage of Bullionstar reviews below are real screenshots taken from the internet.

Bullionstar reviews collage 2020
Collage of Bullionstar reviews from various sources

Concluding about Singapore

Singapore is one of the best places to invest in gold and silver. This is because investment-grade gold and silver products are GST-free and can be sold without capital gains tax.

Singapore also has its own precious metals vaults where investors around the world can store their precious metals.

Bullionstar is on the best companies in Singapore that offer you gold, silver, platinum and palladium products for a low price. The company also buys gold or silver from you, or stores your precious metals for a small fee in Singapore vault.

The post 12 Tips and Tricks for Investing in Gold and Silver can provide you more essential information needed before buying gold and silver.

Written by R. Mitkus

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