Beat The Gold Rush EN
Everest Gold Trading Platform
Everest Gold Trading Platform
Everest Gold Trading Platform

Beat The Gold Rush

IT’S A WRAP 🥳​

All 10 users Beat the Gold Rush and brought home their very own 100g PAMP Gold Bar! Thank you everyone for your support and do stay tuned for more exciting events 😎

@starx2m​
@momoka​
@Glenn_Ng​
@Cutedaffy​
@Velvina​
@JasonOng​
@bernaloo​
@JK1996​
@Axel​
@ANKK

Check out our gold collection photos here 👍🏼

Get ready and gear up to be one of the first 10 users to redeem your very own 100g gold bar in-app with 10,000 EGUs. In addition, you will also be rewarded with SGD 200 CapitaVouchers*.

Event Period
1 January 2021, 1200hrs to 14 January 2021, 1200hrs (GMT+8)

Do note that the event will officially close once the 10 x 100 grams of PAMP gold bars have been fully redeemed.

How to take part? (In-app only)
1. Trade and accumulate 10,000 EGUs.
2. Tap on “Beat the Gold Rush” banner in-app.
3. Hit the “Redeem Now” button to submit your request.

*Refer to Terms and Conditions.

General

  1. Participation in the “Beat the Gold Rush” (“Event“) is subject to Everest Gold Pte Ltd’s (“Everest Gold”) Terms and Conditions (“T&Cs”).

  2. The official language for the T&Cs is in English. If there are any discrepancies or conflicts between the English version and different language versions, the English version shall prevail.

  3. Everest Gold reserves the right to cancel or amend any rules, terms and conditions at our sole discretion. Amendments to the T&Cs will be posted on our website.

  4. By taking part in the event, users agree to be bound by and to comply with the T&Cs.  Non-compliance with or breach of any T&Cs may disqualify a user, and any vouchers awarded may be forfeited, withheld, withdrawn or reclaimed.

  5. Everest Gold may disqualify a user who is deemed dishonest, and/or suspend or terminate a user’s account as a result of suspicious activities which include purchasing or creating fake accounts.

  6. This event is not sponsored, endorsed or associated with Facebook. 

The Users

  1. This event is open to all verified Everest Gold users worldwide (“Users”), except:
  • employees of Everest Gold and their immediate family members (i.e. spouse and children); and

  • employees or staff of advertising and promotional agencies of Everest Gold and any other parties who are directly involved in organising, promoting and/or conducting the event, as determined by Everest Gold. 

The Gold Bar

  1. The gold bars that are used for this event are from the world’s most prestigious bullion brand—Produits Artistiques Métaux Précieux (PAMP), renowned for its excellence in producing one of the finest gold bullion bars in the world.

  2. The PAMP gold bars are refined to the purity of 99.99% fine gold. Each gold bar weighs 100 grams with the finest 99.99% stamped on the obverse of the gold bar together with PAMP’s logo and assayer stamp. The reverse is a portrait of Lady Fortuna or a picture of a rose. Lady Fortuna is the Roman Goddess of luck and fortune.

    The 100 grams of PAMP gold bar is 47 x 27 x 0.429 mm in size. Each 100 grams PAMP gold bar comes presented in its own distinctive security CertiPAMP packaging which also doubles as its assay card. The card features ‘SWISS MADE’ written vertically along the right-hand side of the card, and ‘PAMP’ written horizontally underneath. The back of each CertiPAMP card is stamped with the gold bar’s unique 7-digit Certificate Number, the weight and fineness of the bar, and the signature of PAMP’s Certified Assayer.

  3. 10 x 100 grams of PAMP gold bars will be issued for this event.

Event Period

  1. This event officially runs from 1 January 2021, 1200hrs to 14 January 2021, 1200hrs (GMT +8).

  2. As the event runs on a first-come-first-served basis, do note that once the 10 x 100 grams PAMP gold bars are fully redeemed for, the event will officially close.

Mechanics 

  1. Only 10 users who have submitted a redemption for the 100 grams of PAMP gold bars will qualify in this event.

  2. To submit a redemption for a 100 grams of PAMP gold bar, users need to ensure they have at least 10,000 Everest Gold Units (“EGUs”) in their Everest Gold account for the redemption. Once users have submitted their request, the number of EGUs required for the gold redemption will be frozen.

  3. Qualified users who changed their mind after submitting their request for gold redemption, and wish to cancel their gold redemption request, will need to contact our Customer Service team via Viber or email to [email protected] before the end of campaign on 14 January 2021.  The EGUs will then be released and credited back to their Everest Gold account.

  4. Everest Gold will verify the details of all submissions, as well as ascertain that users who are interested are deemed to rightfully own the sufficient amount of EGUs for gold redemption. Upon verification of the identity of all users, Everest Gold will fix a date for the users to go to the collection venue in order to transfer the ownership of the gold amounting to his/her redemption. (“Qualified Users”)

  5. 10 users who are qualified on a first-come-first-served basis will each be rewarded with SGD 200 CapitaVouchers (“Vouchers”) for Singapore users. For non-Singapore users, each of them will receive an Amazon eGift Card (“eGift Card”) worth SGD 200.  All vouchers and e-gift cards will be issued together with the collection of the PAMP gold bars from Everest Gold.

  6. Everest Gold will officially announce and publish all qualified users with their nicknames on our Facebook post and event webpage on 14 January 2021.

  7. All qualified users agree and consent to the use of their testimonial, photos and videos for marketing and publicity purposes on Everest Gold’s website and social media platforms.

  8. All qualified users who have been verified, will be contacted through the email address and/or mobile number they registered with Everest Gold by 15 January 2021.

Gold Collection

  1. Qualified users are required to provide and bring along identification documents, such as Singapore-registered identification card or passport for the purpose of verification and audit before proceeding to gold collection.

  2. All qualified users will be duly notified of the details for official gold collection, and PAMP gold bars must be collected personally by the original account holder as per the name on the Everest Gold account.

  3. Users bear all the risks and responsibility for the gold bar, once the ownership of the PAMP gold bars is transferred to the qualified users upon completion of the gold redemption.

  4. Upon completion of a redemption form, qualified users who wish to sell back the PAMP gold bar to Everest Gold at the prevailing spot gold price may do so by submitting a request in writing. Everest Gold has the sole discretion to determine approval for such request.

  5. There will be a one (1) percent processing fee chargeable on the buyback price of the PAMP gold bar, pegged to prevailing spot gold price at the time of the sell-back to Everest Gold.

  6. Users ought to note that selling back of PAMP gold bars to Everest Gold must be carried out and conducted on the very day of gold collection. Everest Gold will not agree or be able to honour any buyback once they exit the collection venue.

  7. All sales proceed will be credited to the user’s registered bank account by either bank or telegraphic transfer, or a cheque will be issued to the user, upon official completion of the sale. Other terms and conditions may apply.

  8. Failure to collect the PAMP gold bar by the stipulated timeline, will render the chance to own the gold bars as unsuccessful and legally null. Under such circumstance, Everest Gold will make a refund to the qualified user’s Everest Gold account, the amount of EGUs that was used in the redemption.

  9. Users have no statutory right to return their physical PAMP gold bar as the physical gold bar redeemed is non-exchangeable. This is because the prices of gold are dependent on fluctuations in financial markets.

Vouchers/e-Gift Cards

  1. Vouchers and eGift Cards received by the qualified users are non-transferable and cannot be exchanged for cash, reward points, EGUs and/or any other items.

Review of EGU Price for the Past Week 
The following is the daily gold price change of Everest Gold (from 14 December 2020 to 20 December 2020).

Statistics from the past seven days showed that EGU prices have risen by more than 1% every day.  The main reason for the market volatility which caused the price to rise beyond 100% is due to the increase in the supply of EGUs which dampened demand.

Market News Recap

The arrival of the Pfizer and BioNTech coronavirus vaccine in the US is the first step in the road to potential economic recovery and an improvement in Asian equities. The possible recovery of the economy caused gold prices to drop at the beginning of last week as major vaccine rollouts surpassed expectations of the US fiscal stimulus. 

However, as the prospects of the vaccine are still uncertain, gold remains relatively bullish as the US dollar weakens further. Central bankers may authorise stimulus programmes soon due to the vaccine rollouts, but ultra-low yield and negative real interest rates are likely to uplift gold prices.  

The bipartisanship of a USD 900 billion coronavirus relief plan could potentially keep interest rates near zero, and thus raise the price of gold. With growing anticipation of the US stimulus, gold rose by 0.1% at USD 1,855,71 per ounce on 15 December and to USD 1,863.89 per ounce the next day. As the fiscal package size remains unknown, investors look to the Bank of England’s policy decisions regarding Brexit, which will influence the gold prices for now. 

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