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Business Economy Finances

Precious metal trading in Singapore: GoldSilver Central new distribution partner of Degussa Goldhandel

Precious metal trading in Singapore: GoldSilver Central new distribution partner of Degussa Goldhandel

GoldSilver Central Showroom Singapore (Source: GoldSilver Central)

Frankfurt am Main, 23 May 2018: Degussa Goldhandel GmbH is now cooperating with precious metal retailer GoldSilver Central Pte Ltd in Singapore. The partnership between both providers who are leaders in their respective markets covers the distribution of Degussa bullion bars as well as gift items made out of gold and silver. GoldSilver Central will offer the products of Europe“s biggest precious metal retailer in its own stores as well as via its online shop ( www.goldsilvercentral.com.sg).

The cooperation with the Singaporean precious metal specialist positions the presence of Degussa and its products in the Asian region on a broader basis and will open up new growth potential.

„Due to the cooperation with GoldSilver Central, we are able to give new impetus to our presence in Asia,“ said Raphael Scherer, Chief International Officer (CIO) and member of the Degussa management board. „With this step we also want to strengthen our position in Singapore, one of the most important precious metal trading centres in Asia and offer local customers access to the Degussa gold and silver bars as well as our lifestyle items.“

Since its launch in 2011, Degussa has developed into the European market leader amongst the independent precious metal retailers with branches in ten sites in Germany as well as internationally in Zurich, Geneva and Madrid. Furthermore, in 2013 the company also took over London precious metals company Sharps Pixley.

„We are extremely proud to be part of this collaboration with Degussa and are looking forward to exploring new strategies for providing enhanced precious metals investment solutions in Asia,“ said Brian Lan, Managing Director of GoldSilver Central. „The start of this partnership enables both companies to leverage on each other for more resources to create new business opportunities and most importantly, to benefit Precious Metals Investors on a regional scale.“

GoldSilver Central was also established in 2011, in Singapore, and specialises in the physical trading of gold, silver and platinum for both individuals and businesses. Hereby the company offers a wide range of products and services with the aim of offering private investors the opportunity to invest in precious metals at competitive prices such as the first spot deliverable precious metals platform – GSC Live!. GoldSilver Central is a member of the Singapore Bullion Market Association (SBMA) which was founded in 1993 with the aim of making Singapore a centre for gold trading in South East Asia.


About Degussa Goldhandel
The name Degussa is synonymous like no other with quality and durability in the world of precious metals. This tradition is now being continued by Degussa Goldhandel GmbH, which has been active in the precious metals market since 2011. As a globally operating company for gold, silver and platinum metals, Degussa has since become the market leader among bank-independent precious metal traders.

Degussa offers its broad product range at ten national and international locations in London, Zurich, Geneva and Madrid. In addition to bars, coins, numismatics and gold gifts, customers have online shops and services such as the purchase of old gold and storage at their disposal. With its precious metal expertise in trading, recycling and production for industrial customers, the company fully reflects the precious metal cycle.

In 2017, the Degussa Group generated sales of more than EUR 1.5 billion in the private customer segment. The number of employees increased from 150 in 2016 to almost 160 in 2017.

Degussa Goldhandel GmbH
Ellen Gschaider
Kettenhofweg 29
60325 Frankfurt am Main
Phone: +49 69 860068-294
Fax: +49 69 860068-294
E-Mail: ellen.gschaider@degussa-goldhandel.de
Url: http://www.degussa-goldhandel.de

fr financial relations gmbh
Jörn Gleisner
Louisenstr. 97
61348 Bad Homburg
Phone: +49 (0) 6172/27159-0
Fax: +49 (0) 6172/27159-69
E-Mail: j.gleisner@financial-relations.de
Url: http://www.financial-relations.de

Business Economy Finances

Degussa Goldhandel accepted as new member of prestigious London Bullion Market Association

Frankfurt, 10 October 2013 – With immediate effect, Degussa Goldhandel GmbH has been accepted as Associate of the London Bullion Market Association (LBMA). Accordingly, Degussa now holds membership in all major precious metals industry associations: LBMA, International Precious Metals Institute (IPMI), German Precious Metals Professional Association (Fachvereinigung Edelmetalle), German Numismatic Association (Berufsverband des Deutschen Münzenfachhandels) as well as further foreign numismatic associations.

„By the acceptance of the LBMA, only two years after the start of its business operations, Degussa Goldhandel GmbH is now represented in all major associations and bodies of the international precious metals trade“, explains Degussa CEO Wolfgang Wrzesniok-Rossbach. „We are pleased to have quickly achieved a national and international reputation, which made this rapid acceptance possible.“

Wrzesniok-Rossbach perceives the LBMA associateship as well as the existing LBMA Good-Delivery-Status of the main suppliers of Degussa as a strong signal to the precious metals trading house“s customers: „Our company stands for highest competence and transparency in buying and selling of precious metals. By collaborating with worldwide leading bullion manufacturers, who themselves comply with the Good-Delivery-Status of the LBMA, we are able to guarantee highest quality of our products.“ The worldwide recognized Degussa gold bars are offered from one gram up to one kilogram, they have also categorically the highest fineness of 999.9 / 1,000.

The London Bullion Market Association coordinates the trading on London’s precious metals market and sets worldwide accepted standards for trading gold and silver. London has traditionally been the most important over-the-counter trading hub for precious metals. Member companies of the LBMA are refineries, processors, large international banks, mining companies and distributors around the world. Besides three precious metals processing companies, Degussa is the only trading house for investment metals among the four German associate members of the LBMA.

About Degussa Goldhandel (Gold trading)
For approximately 140 years, the brand name Degussa has been the synonym for quality and reliability in the field of precious metals. Degussa Goldhandel GmbH has been active in the precious metals market since 2011. The head office of the company is located in Frankfurt am Main. Moreover, there are branch offices in Stuttgart, Munich (2), Frankfurt, Cologne, Hamburg, Berlin and Zurich. The comprehensive portfolio of Degussa is completed with an on-line shop that is available to customers round-the-clock (24 hours a day, 7 days a week).

Products and Services:
Apart from its precious metal bars made of gold, silver, platinum, palladium and rhodium with the popular diamond-shaped Sun / Moon logo that are acclaimed worldwide, Degussa also offers a wide range of bullion coins.

Top-class experts are also available to customers in the field of numismatics for the assessment as well as sale and purchase of historical coins ranging from antiques to those of recent times.

Purchase of scrap precious metals:
Jewelry no longer being used, silverware, damaged precious metal bars and coins as well as even industrially utilized precious metal products are purchased at reasonable prices and recycled.

Degussa Goldhandel GmbH
Julia Kramer
Kettenhofweg 29
60325 Frankfurt am Main
+49 69 860068-285

fr financial relations gmbh
Jörn Gleisner
Louisenstr. 97
61348 Bad Homburg
+49 6172 27159-0