BullionStar Financials FY 2021 – Year in Review


This put up opinions BullionStar’s monetary efficiency and milestones for the monetary 12 months ending 30 June 2021 (FY 2021).

At BullionStar, we now have a long-standing custom of sharing our financials transparently. We share key gross sales and income knowledge, together with gross sales share per valuable metallic, gross sales share per product class (bars and cash), and the share of income introduced by the most well-liked merchandise inside these classes.

The evaluation additionally seems at gold and silver value actions over the fiscal 12 months, and highlights different notable developments throughout that point. Earlier years monetary opinions may be discovered under:

BullionStar Financials FY 2020 – 12 months in Evaluate

BullionStar Financials FY 2019 – 12 months in Evaluate

BullionStar Financials FY 2018 – 12 months in Evaluate

BullionStar Financials FY 2017 – 12 months in Evaluate

BullionStar Financials FY 2016 – 12 months in Evaluate

BullionStar Financials FY 2015 – 12 months in Evaluate

FY 2021 was one other very robust 12 months for BullionStar with gross sales revenues totaling SGD 448.1 M, a 37.4% improve over FY 2020.

Whereas the spot value of gold in US {dollars} ebbed and flowed throughout FY 2021 and completed the fiscal 12 months close to the place it began, there have been nonetheless substantial gold value actions through the 12 months (July 2020 – June 2021), and these value actions generated vital investor exercise. FY2021 additionally noticed gold file an all-time time of $2060, throughout August 2020.

FY 2021 was additionally notable for silver demand, on the again of the silver value rocketing to a seven 12 months excessive in July 2021, in addition to vital investor curiosity promoted by the Silver Squeeze phenomenon which started within the January – February 2021 interval.

With the Covid-19 disaster nonetheless ongoing all through FY 2021 and with the debt-fueled financial system changing into extra unstable, traders more and more turned to bodily valuable metals as secure haven belongings and as monetary safety, and in so doing boosted gold and silver demand and their costs. For instance, each gold and silver had stellar returns in calendar 2020, with the gold value in USD  rising 25.12% and the USD silver value rising an enormous 47.82%.

Within the wider market, there was big retail funding valuable metals demand throughout FY 2021, with the world’s main mints, such because the US Mint recording very robust gross sales over each calendar 2020 and 2021. This pattern was not simply retail, as there was notable and sizeable gold shopping for by central banks such because the central banks of Hungary, Thailand, Brazil, and India.

As a Singapore headquartered bullion vendor, we have been additionally impressed to see that Singapore’s central financial institution, MAS, additionally added 26.35 tonnes to its gold reserves over Might and June 2021, its first gold shopping for exercise since at the least 2000.

Gold Worth and Silver Worth throughout FY 2020

The spot gold value, denominated in Singapore {dollars}, declined barely from SGD 2473.1 on 1 July 2020 to SGD 2375.28 on 30 June 2021. This marks a  3.96% lower within the SGD spot gold value throughout FY 2021.

Throughout the interval, the SGD gold value first noticed an increase to a excessive in early August 2020 of SGD 2,829.1, adopted by a declining pattern till early March 2021, which then became a restoration pattern from March – June 2021.

In distinction to gold, the spot silver value, denominated in Singapore {dollars}, rose sharply from SGD 25.01 on 1 July 2020 to SGD 34.94 on 30 June 2021. This marks a 39.7% improve within the SGD silver value throughout FY 2021.

A lot of those features got here in July 2020 when the silver value surged to a 7 12 months excessive on the again of a better gold value, robust funding demand and US greenback weak point. There was vital volatility within the SGD silver value for the remainder of the fiscal 12 months, however the value pattern was upwards with larger lows from December 2020 till June 2021.

BullionStar Financials FY 2021 – 12 months in Evaluate – Gross sales

BullionStar’s gross sales revenues reached a file SGD 448.1 M in FY2021, which was a 37.4% improve in comparison with FY 2020.

Gross sales per Product Class

In FY2021, gold represented 64.37% of gross sales, and silver represented 33.11% of gross sales, with the remaining 2.52% comprising principally platinum.

There was thus a noticeable improve within the proportion of gross sales attributed to silver throughout FY2021. (In FY2020, gold represented 73.56% of gross sales and silver represented 23.88%).

Throughout the gold class, 80.65% represented gold bars, 14.19% represented gold cash, with the rest attributed to the Bullion Financial savings Program (BSP), numismatics and gold jewelry, collectively comprising 5.16%.

Throughout the gold bar class, almost 86% comprised the bigger funding gold bars, with 41.66% representing 1kg gold bars, and 44.13% representing 100g gold bars. Inside gold cash, the lead vendor was Canadian Gold Maples (39.40% of gold coin gross sales), adopted by Australian Gold Kangaroos (19.35% of gold coin gross sales.)

Throughout the silver bar class,  66.87% of silver bars bought have been 1kg silver bars, and one other 17.18% have been LBMA Good Supply silver bars. Inside silver cash,  Canadian Silver Maples have been the perfect vendor, representing 30.41% of silver cash gross sales.

Throughout FY 2021, BullionStar once more expanded buyer exercise strongly, with a complete of 34,259 buys orders, which was a rise of 36.5% in comparison with the 25,105 buyer orders of FY 2020.

The common order dimension in FY 2021 was SGD 13,095.06 and the median order dimension was SGD 1,466.88. Reinforcing BullionStar’s worldwide profile, there have been clients from 106 nations represented in FY2021 gross sales. Since BullionStar was launched in 2012, there have been BullionStar clients from an enormous 125 nations of the world.

It was additionally one other file breaking 12 months for the BullionStar.com web site, which noticed 3,734,004 visits, which was a 20.3% improve on the variety of web site visits in FY2020, and greater than double the variety of web site visits recorded in FY 2019.

Improve in Delivery Capabilities

Throughout FY2021, we now have continued to extend BullionStar’s delivery capabilities each domestically and internationally, and Bullionstar’s delivery capabilities have now absolutely tailored to the Covid restrictions globally. Delivery charges stay very aggressive as BullionStar has absorbed will increase in world freight prices somewhat than passing them on to our clients.

Gold in Occasions of Disaster – Vietnam Documentary

One other milestone throughout FY2021 was the manufacturing and launch of the primary of BullionStar’s “Gold in Occasions of Disaster” documentaries, a documentary which focuses on how gold grew to become the cash of selection in post-war Vietnam and was important for a passage to freedom.

This dramatic 15 minute documentary, which may be seen right here, was produced in affiliation with Actual Imaginative and prescient. That is the primary episode within the Gold in Occasions of Disaster documentary collection, so count on additional episodes sooner or later.

Elevated Vault Insurance coverage Restrict

With the rise within the quantity of valuable metals being saved for purchasers in BullionStar’s vaults, in addition to the rising variety of purchasers, and the anticipated will increase going ahead, BullionStar has, for FY2022, elevated the insurance coverage restrict for our vaults to SGD 800 million (FY2021: SGD 500 million).

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