I found other sources of silver bullion on the Internet in a foreign country at lower prices, can you match the price?

We offer competitive discounts through our Discount Tiers.

When comparing prices with other online bullion dealers outside of Singapore, check whether they will ship internationally. Many bullion dealers in the U.S.A. do not ship internationally due to insurance and customs regulations that differ for every country.

Next, check if your order is fully insured. Insurance is a large component of the shipping cost and  normally requires a third party insurance as courier services (including FedEx and UPS) will insure only a small portion of the order. Without insurance, should the order be lost in transit, it would be very difficult to make a claim in the country of origin. 

If a dealer does ship internationally you would need to add the following costs to your order:

    •       Shipping and insurance Courier services will charge a shipping fee for delivery but will not insure high value goods such as Silver Bullion. Third Party insurance will normally represents an additional 2% to 3 % of shipment value for Silver (Gold is below 1%).   

    •       GST (tax) depending on jurisdiction, the shipper, not the seller, (eg: FedEx) will pay customs duty (if applicable) of the shipment value on your behalf to get the silver cleared through customs. You will receive a invoice from the shipper for the GST plus a service fee for forwarding the money.

    •       Other fees, such as currency conversion fees from SGD to USD and wire transfer fees normally add another 1 percent or more as the bank will normally give you an exchange rate significantly below spot market rates. 

    •       Prepayment Risk. Unlike our COD option which allows you to take delivery at the moment you pay, you almost always have to prepay, and ultimately carry a failed delivery risk, when ordering from abroad.

The total cost of the above is what you actually buy silver at. Please consider this in order to make a fair price comparison. Prices on the Silver Bullion website already include all of the above and we publish silver inventory that is in stock here in Singapore.