Phillip Gold(Gold bar)

Gold investment has been perceived to be an effective hedging tool given its low correlation with stocks and bonds. Gold price normally has an inverse relationship with market condition. As a result, including gold in an investment portfolio offers diversification benefits. Unlike cash, gold are physical assets and thus has strong protection against inflation. Given the global prolonged quantitative easing era, gold investment becomes increasing attractive.

Conversion: 1 kg gold bar = 1000 g = 32.15 oz

Benefits of Phillip Gold

  • Competitive pricing, no hidden fees
  • Anytime conversion between paper gold and Phillip Gold
  • Uniform pricing based on London Gold (for both purchase/resell of Phillip Gold)
  • Professional advisory service and phone dealing
  • All in one service -stocks, bonds, futures, forex and bullion

Product Specifications

  • 1 KG bar
  • Fineness: not less than 99.99% of gold content
  • With the label and serial number of any approved refinery##

Transaction Procedure

Trading Hour: 09:15 – 16:15 on all regular Hong Kong trading day; 09:15 – 12:15 for half day trading day

Phillip Gold Direct Purchase/Conversion from Paper Gold

  1. Investors buy Paper Gold in their Bullion account
  2. Deposit the full value of Phillip Gold
  3. Investors may call to request conversion of Paper Gold to Phillip Gold.
  4. You will receive an email confirming the transaction and indicating the first available.
  5. retrieval date. Quantities of Phillip Gold purchased will also be reflected on your statement on the same day.
  6. You may withdraw the Phillip Gold/transfer to your own vault (if any) beginning on the first available retrieval date.

*You may still purchase Phillip Gold directly even if you do not possess any Paper Gold, however the settlement price will be confirmed at a later time.

Phillip Gold Resell
  1. Investors may call Phillip Bullion Ltd to resell their Phillip Gold on their account back to paper gold.
  2. Phillip London Gold (Paper Gold) price quote will be used as a reference to the settlement price (actual price are to be confirmed by Phillip).
  3. The settlement amount (less commission charge) will be credited to the client’s bullion account and reflect on their statement on the same day.
  4. Client may withdraw/transact on the amount on the following day.

Tariffs (withdrawal not included)

Item Charge(USD)
Commission (Phillip Gold purchase/resell) Transacted price x 0.5%
Storage fee US$0.3/day per KG bar

*Storage fee is waived during the promotional period from the purchased date to the first available retrieval date.

Phillip Gold Withdrawal Tariffs (to be charged by Brinks)

Item Charge(HKD)
Mail/transfer to other vaults $150
Transfer to client’s own vault in Brinks $100
Self-pick up in Brinks $50

Terms and Conditions

  1. Client must have enough equity in the form settlement currency before purchasing/converting to Phillip Gold.
  2. Cut-off date is the 3rd Monday of each month (postpone to next business day if falls on public holiday). First available retrieval date is 3 business days after the cut-off date. Only Phillip Gold purchased on or before the cut-off date may be withdrawn on the same month.
  3. Once confirmed, purchase of/conversion to Phillip Gold. All reversion must be processed through Phillip Gold resell.
  4. Phillip Gold resell only applies to gold bars that have not been withdrawn.
  5. Storage fees are charged daily and billed monthly.
  6. Only phone dealing is available for Phillip Gold. The maximum number of Phillip Gold that can be purchased is 3 kg per transaction per day.
  7. Withdrawal fees are to be charged directly by Brinks and are for reference only.
  8. If Phillip Bullion Ltd. are unable to provide Phillip Gold on the date of retrieval, the compensation will be 2% plus the difference of Phillip Paper Gold settlement price on the cut-off date and 2 business day after.
  9. List of recognized refiners #
  • ABC Refinery (Australia) Pty Ltd
  • Western Australian Mint (trading as The Perth Mint)
  • Asahi Refining Canada Limited
  • Royal Canadian Mint
  • Dongwu Gold Group Co., Ltd
  • Great Wall Precious Metals Co., LTD. of CBPM
  • Sichuan Tianze Precious Metals Co., Ltd
  • Heraeus Deutschland GmbH & Co. KG
  • Heraeus Ltd Hong Kong
  • Metalor Technologies (Hong Kong) Ltd
  • Asahi Pretec Corp Japan
  • Mitsubishi Materials Corp.
  • Tanaka Kikinzoku Kogyo K.K.
  • LS Nikko Copper Inc
  • Metalor Technologies Singapore Pte Ltd
  • Argor-Heraeus SA Switzerland
  • Metalor Technologies SA
  • Pamp SA
  • Valcambi SA
  • Rand Refinery (Pty) Ltd
  • Solar Applied Materials Technology Corp.
  • Asahi Refining USA Inc.
  • Metalor USA Refining Corp.

Frequently Asked Questions

1. I have open position of Phillip Gold, will this position be reflected on my statement before the first available retrieval date?

Yes. When you have purchased Phillip Gold, your Paper Gold position will be closed immediately (if any). A “KG GD P” will be reflected on your same day statement. This will be changed to “KG GD” on the first available retrieval date, when the product is available for withdrawal.

2. If I purchase more than 1 kg of Phillip Gold, can it be withdrawn as a single bar?

No, Phillip Gold only offers 1 kg bar currently.

3. Phillip Paper Gold trades 24 hours a day, why Phillip Gold can only be traded during daytime?

Phillip Gold is a newly launched product in Phillip Bullion Ltd, and thus we intend to limit the trading hours to ensure users’ experience. This restriction may be lifted in the future.
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Tel : (852) 2277 6711
Email : bullion@phillip.com.hk

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