“The idea of putting physical metal in a safe jurisdiction as Singapore, as Singapore, they become a great trend in a safe jurisdiction.
Alessia Pierdomenico | Bloomberg | Getty pictures
Ultra wealthy, increasingly acting as well as the economic and geopolitical seashopherals as the economic and geopolitical ROILS markets – and Singapore emerges as a dominant place.
The city-state is not far from the airport, but a six-storey facility covered in Onyx and strengthened with solid security. The gold and silver sticks attached to the back of steel doors reach about $ 1.5 billion.
The object of warehouse, known as “Reserve”, has special vault and a strong storage camera feature with thousands of safe deposit boxes high in three stories.
From the beginning of the year since the beginning of April, the deposit of the precious metals, in 2024, the same period from the same time received an increase of 88% to maintain gold and silver and silver, its founder Gregor Gregersen. Reserve selling gold and silver bar, Sale for precious metals Skyrocet 200% During the year, the year in the year, the information provided by the reserve.
Singapore is viewed as ‘Genevi of the East’; It has a reputation as a safe jurisdiction with relative political and economic stability.
According to industrial viewers, the feeling of growing anxiety is driving.
“Very high net valuable customers look at the tariffs by looking at the potential of a very high net customer, changing the world, geopolitical instances,” Gregersen said CNBC.
“The idea of putting physical metal to a safe jurisdiction like Singapore with the parties,” said, 90% of new orders come from outside Singapore.
Singapore is not far from the airport, but a six-storey object called a reserve. The gold and silver sticks attached to the back of steel doors reach about $ 1.5 billion.
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The increase in golden growth, with bullet prices that reach meteoric, consistent record levels in recent months. This is the US-China trading tension and in April in addition to the safe shelter in the face of the US trade voltage and mass to sell the mass of the United States for the mass selling the United States
Gold prices recently believes that some market watchers will be able to rise to $ 5,000 for an ounce of the fact that the risky appetites of investors have followed the trade tension between two economic super power. Spot gold prices are currently trading at $ 3,346.32 for an ounce near historical levels.
Physical rods against paper
Gregersen said that the wealthy also prefer to physical gold sticks instead of paper because they do not want many sided and geopolitical risks. Physical gold storage and possession, the price is not completely free, and the paper is exposed to certain risks.
For example, the opposite risks are lower if the asset owns directly. The Silicon Valley opened in 2023 is the preference of investors to separate or secure special gold sticks instead of trusting the bank crisis to have a share of paper claims or a share in a lump sum – If a bank crumbles, if a bank crumbles, the head of Nicky Shiels, research and metals strategy, the strategy of precious metal processing and trading firm MKS PAMT.
Gold prices in the last year
The main market of the World Gold Council strategy John Rade also noted that this is why it is especially concerned about the health of the global financial system.
“Some owners of physical precious metals are reserved to keep gold within the banking system, so they prefer to hold gold with non-banking agencies,” he said.
Some local banks have a lack of trust, the main driver, Jeremy Savory, the founder of the millionaire migrant, a dubai in a Dubai, which provides citizenship services to high-network value.
“If you are in a country you do not trust the banking system, such as Lebanon or Egypt or Algeria, they do not want to put the bank,” he said.
He said that this may be less attractive for short-term investors, given that the transaction costs for short-term investors is higher than the operation of the operation.
The object of the reservoir has features features that can store 25 to 60 tons of gold and 60 tons stored in boxes.
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Why do you keep them in Singapore specifically?
“Singapore’s ‘east is being treated in the east’; has a reputation such as a safe jurisdiction with relative political and economic stability,” Shiels said.
The role of the south-eastern Asian nation as the main transit hub is also an attractive and comfortable place to park the gold of the wealthy.
“Singapore is a transit center. Everywhere in the transit center, there is usually a golden tonger,” he said. “You can bank, you can keep your gold there, but you can take it (easily) because it is a transit center.
Although Dubai is a well-known transit center with healthy safety, Duplicates notes that the gold storage process in the city may require more paperwork.
“Dubai is probably a little more documentary. Some people do not like documents,” he said.
