Sunday, July 14, 2013

A random photo: Arcade Games for All Ages

Yeah. Cannot resist not to snap this photo. Heh.

Mandalbrot Fractal this!

Paint.NET, use of 'Render' & choose 'Mandalbrot Fractal'. And here is the result of the otherwise normal photo revealing my secretive workplace. Heh.

Thursday, July 04, 2013

Singapore Precious Metals Exchange SGPMX ... my precious

Check out Singapore Precious Metals Exchange or SGPMX website here.

So what is SGPMX?

SGPMX was set up to address the problems that come with the ownership of physical precious metals faced by private investors. While it is relatively easy to buy precious metals in the open market, it is difficult for private investors to store and sell their precious metals without incurring high spread margins and other costs. Buyers of precious metals in the secondary market also face the pervasive dangers of procuring counterfeit products. Private investors also face the issues of liquidity.

SGPMX solves every aspect of precious metals investment for the private investors: •Access to precious metal products from 10 internationally recognised “good delivery” mints at real time prices.
•Storage of precious metals in independent vaults operated by Certis Cisco. Your precious metals are fully allocated and also fully dedicated at low charges. You own what you own and your precious metals are not part of a bigger allocation.
•Your precious metals in storage are your legal, physical property.
•Access to other members of SGPMX. You can choose to follow the prevailing prices of each product or dictate your own asking prices when you are ready to liquidate any portion of your personal holdings.
•All precious metals traded within the exchange come directly from recognised mints and buyers and sellers in the secondary market can rest assured. This also eliminates the high costs of assaying your precious metals when you choose to liquidate your holdings.
•All transactions happen within the exchange, which means that there is no need for costly logistics and insurance.
•Low charges for every transaction. You no longer have to take big spread hits when it time for you to liquidate your holdings.

For other FAQ-s (like how to open the trading account and the related fees) please check out here.
And for the related Forum discussion check out this one (Gold Club Asia Forums).

And in other news:
Precious metal investors now have a new platform to trade with the launch of the Singapore Precious Metals Exchange (SGPMX).

It is the world's first precious metal exchange that is fully backed by physical precious metals.

With as little as US$1,000, investors can buy, store, transport and trade precious metals like gold and silver.

The whole process is as easy and secure as trading in other financial instruments.

SGPMX said its customer base is growing. It currently has over 10,000 customers with about 1,000 customers from Singapore and 4,000 from Japan.

SGPMX's chief executive officer Victor Foo said: “Unlike those companies, we are not a company that promise any profit returns or guarantee. As an exchange, we are merely a platform to provide opportunities for people to buy and to sell. When you buy, you take full ownership of the bullion that you buy. There is no reason to worry about a collapse or a scam because you take ownership from day one.”

Investor and author, Jim Rogers, are among those that started to trade on the new exchange by buying more gold on Wednesday.

He is not concerned about the recent correction in gold prices and said he will keep buying more gold.

“If gold price goes down 50 per cent from its high, that will be US$960. Why can't gold sell between US$900 and US$1,000? I know it can and perhaps it will. If that happens, I hope I am smart enough to buy a lot more,” said Rogers.
From Channel NewsAsia, "S'pore launches world's first physical precious metals exchange".

A new physical precious metals exchange has opened its doors in Singapore, offering investors worldwide the ease of buying, selling and storing their bullion through a single online platform.

The launch comes at a time when prices of precious metals have been on a downward trend, giving investors the opportunity to accumulate physical bullion products at a lower rate, thus boosting buying demand.

“In recent years, we have seen players open storage vaults, start delivery services for precious metals from mints and open new trading desks for gold to meet investor demands. What makes us unique is that the exchange brings together all elements under one platform,” said Mr Victor Foo, founder and Chief Executive of Singapore Precious Metals Exchange.

The company, which started out as a retailer of gold and silver in 2009, expanded its services to allow clients to not only make purchases from its online store, but to also trade with fellow customers and store their precious metals.

All precious metals purchased and traded through the platform are stored with Certis CISCO. The partnership with the security firm means that investors can save on additional costs such as logistics, insurance and authenticating their precious metals when they want to liquidate the products, said Mr Foo.

“Once a transaction is passed from customer A to customer B, the physical bullion remains in Certis CISCO’s store, but then the ownership changes,” he explained.

For customers who wish to take their bullion home, the exchange can arrange to ship the products to their home countries, while customers residing in Singapore can check out their precious metals at Certis CISCO’s facility in person.

Investors trade gold and silver on the exchange for as little as US$1,000 (S$1,270). The exchange has 11,000 customers around the world and has formed partnerships with established precious metals mints in Europe, New Zealand, Australia, and the United States.
From TODAY, "New platform to trade, store precious metals in Singapore".

Singapore Precious Metals Exchange (SGPMX), the world's first physical precious metals exchange with peer-to-peer bullion trading capabilities integrated into the trading platform, launched in Singapore today, amid Singapore's drive to encourage gold trading in the country. As part of the launch, SGPMX also announces the entry into an MOU with Certis CISCO which will act as the custodian for bullion storage.

Certis CISCO has been providing secure and trusted storage of precious metals for renowned banks and international couriers since 1986. Storage with Certis CISCO will enable SGPMX to provide the platform for private individuals, traders and institutions to buy, sell, store and exchange precious metals including gold and silver bullion, without incurring high spread margins. The exchange allows traders to buy and sell precious metals securely and conveniently, supporting real-time transactions with internationally recognised mints. This addresses private investors' issues with liquidity, and also eliminates the costs of assaying precious metals when traders purchase or sell the holdings.

Victor Foo, CEO and founder of SGPMX, said, "SGPMX aims to cater to the rising demand for consolidated end-to-end precious metals trading in Asia. As one of the region's largest trading hubs and the fastest growing wealth centre in the world, Singapore is well-placed to capture 10 to 15 per cent of world trade in gold bullion in the next decade. Our platform will help address bullion trading challenges faced by personal wealth investors, traders and institutions today."

"In recent years, industry players have opened storage vaults, started delivery services for precious metals from mints, and opened new trading desks for gold to meet investor demands. What makes us unique is that SGPMX brings together all elements under one platform, making it easy for our 11,000 and growing customer base to order, store, transport and trade physical precious metals with the same ease as trading in other financial instruments," Foo added.

Certis CISCO will act as the custodian for all bullion products traded and stored through SGPMX platform.

Chua Chwee Koh, Senior Executive Vice President & Chief Operating Officer of Certis CISCO, said, "We are pleased to seal this MOU with SGPMX and provide our highly-secure vaults for the storage of bullion. As the largest trusted and secure logistics service for cash and valuables in Singapore, our facilities are fully insured and allocated to individual investors. Our vaults are installed with sophisticated security and surveillance system and are closely monitored round-the-clock by computerised security control systems to give full protection over stored bullion, making us the most reliable custodian for SGPMX in Singapore."

SGPMX is privately held and independently funded. The company is fully Syariah compliant, and is compliant to regulations of the Singapore Companies Act.
From Yahoo! News, "World's First Physical Precious Metals Exchange with Peer-to-Peer Bullion Trading Capabilities Launches in Singapore".

Wednesday, July 03, 2013

Haiku as I'm gazing towards the Sembawang Park

Sunny day calling
To the beach now you should be
The breeze to your face!

PS. Use of the 'ink sketch' from Heh.

Raha Yatra 2013 Festival of Chariots - Sri Krishna Mandir

I saw this rather curious ad just now. "Sri Krishna Mandir" presents "Ratha Yatra 2013 - Festival of Chariots" this coming Sunday, 7 July at Toa Payoh Stadium from 5 pm to 10 pm. Interesting. Not just about the part of "free 10-course veg meal". I mean, oh well, that's the part that is indeed catching my eyes. Free meal? 10 courses? No kidding? Wow. Of course, the part about the 'carnival, music & dance' is more appealing. There must be a lot of photo ops, I reckon. Sigh. Wish I could join the event and snap a few shots for this blog. Heh.

Find out more about the event here.