Industry players see a significant opportunity for Singapore to expand its share of the global gold vaulting market. Driven by rising geopolitical tensions, economic uncertainty, and a growing demand for safe-haven assets, investors are increasingly looking to secure physical gold in stable jurisdictions. Singapore’s strong regulatory framework, political stability, and strategic location make it an ideal hub for precious metals storage, prompting local vault operators to expand their capacities to meet the rising international demand.
- Singapore is experiencing increased demand as a global hub for gold vaulting and precious metals storage.
- Geopolitical uncertainties and macroeconomic instability are driving international investors to seek secure safe-haven assets.
- Industry experts highlight Singapore’s political stability, robust regulatory environment, and strategic geographic location as key competitive advantages.
- In response to growing demand, local vaulting facilities are expanding their physical storage capacities to accommodate more institutional and retail assets.
Based in Singapore, CNA (Channel News Asia) covers global developments with an Asian perspective, with correspondents based in major cities across Asia, including Kuala Lumpur, Jakarta, Bangkok, Tokyo, Seoul and Beijing, as well as in New York, Washington D.C. and London.
Official website: https://www.channelnewsasia.com/
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Swiss banking has suffered a significant reputational hit regarding its absolute neutrality(Ukraine drama), though it remains a leading global hub for offshore wealth management.
Singapore follow vvest to sanction Russia , also get some reputational hit.
Lol, Singapore is not neutral, its the west's little biatch
The real every day sg: What's important Singapore became a multi-nation country, a multi-nation-singapore so even with all the saf soldiers also no use totally, it's the pap party mistakes and there's no way to U-turn back. No more one nation, one people, one singapore, but a multi-nation people and no more singapore, but a multi-nation-singapore, all are the sg fishy pap party mistakes & there's no way to u-turn back of course.
Previously who said must take the jabs? I never take any brand of the jab previously until now also never jab, and that's why never sick before, as majority people said after they took the jabs previously but nowadays they only became more and more easily to fall sick, it's the pap party mistakes and there's no way to u-turn back of course.
Who be the fishy Pm (past and present) also no use totally, majority people said they choose the fishy pap party but only getting more and more sufferings and problems from the pap party always of course, pap party not ashame and continue doing their own ways?
The fishy pap party holding all the money and own self collect own self 's highest pay etc., but only gave singaporeans a little money the pap party call helping the people, pap party not ashame?
As people still gathering/traveling, don't forget it's always a matter of time before the next biggest spike in cases, and it's those people last travel of their lives of course.
SURPRISINGLY majority people said ALL (all) people in singapore are the REAL (real) every day opposition people themselves, each have their own ways of course, pap party a shame to s'poreans.
What's important the fishy pap party still dare to allow non-singaporeans to buy hdb flats, even knowing that sg run out of land to build hdb flats and run out of road for cars, pap party not ashame and still can face the people?
Majority people said those who likes to choose the fishy pap party only means those people love sufferings, and drag all people into sufferings, pap party not ashame and continue doing their own ways?
The real every day sg: No more one nation, one people, one singapore, but a multi-nation people and no more singapore, but multi-nation-singapore, all are the sg fishy pap party mistakes & there's no way to u-turn back of course.
Also majority people said there are no more food safety and other safety in sg, the next meal the people eat are the last meal of their lives of course. Not only the platform work, but a lot of restaurants and eating places also using illegal foreign workers in the kitchen, but the fishy pap party just close one eye and all these problems still remains.
Are singaporeans rich or have good pay jobs? Of course not as more than 87% of people lives in hdb flats and not private houses/condos, it's one of many examples of failed management to singapore by fishy pap party, not ashame?
The real every day singaporeans: Majority people said those who trust and support and choosing the fishy pap party surely every year to get another fresh rounds of many types of jabs, and when they want to travel overseas, they take another rounds of many types of jabs again of course.
Also don't forget a lot of NS boys (soldiers) became NoSoul boys during their services, it's the fishy pap party fault but most cases were being covered up by the pap party of course, pap party not ashame?And people still ordering food delivery? People still trust the food delivery boys? People still dare to eat the food from the delivery boys? People still not afraid that's the last meal of their lives?As for illegal foreign workers, not only the platform work, but a lot of restaurants and eating places also using illegal foreign workers in the kitchen, but the fishy pap party just close one eye and all these problems still remains.
Don't forget the fishy pap party don't want to choose any side (usa or china) so lost the whole world of course. Also how the fishy pap party going to manage all the multi-nation people from all over the world, into a multi-nation Singapore?
What's important since sg tops world first in scams nation, majority people said it's a matter of time before the remaining singapore reserves $$ and gold bars be scammed away, or by the fishy pap party of course.The fishy pap party only good in talking and acting, and also boastful talk, brain wash the people, playing tricks and using fear mongering, but singaporeans are no longer small kids to trust or support the fishy pap party.The real sg: The fishy pap party instead of doing public service, but they are actually doing self service by own self collect own self's highest pay, etc. and sleep during the parliament sitting.
Under the fishy pap party, sg became world's No.1 most cases of money scams nation, and previously the nation wide C-19 jabs scams (still the fishy pap party dare to approve it) during shutdown, and also many other types of jabs scams, as well as all kinds of other scams too (eg. singpass scams, nric no. scams, vapes scams, love scams, bto flats renovations scams, sim cards/e-sim scams, parcels/food delivery scams, and the list goes non-ending)
What's important Singapore became a multi-nation country, a multi-nation-singapore so even with all the saf soldiers also no use totally, it's the pap party mistakes and there's no way to U-turn back. No more one nation, one people, one singapore, but a multi-nation people and no more singapore, but a multi-nation-singapore, all are the sg fishy pap party mistakes & there's no way to u-turn back of course.
Also don't forget a lot of NS boys (soldiers) became NoSoul boys during their services, it's the fishy pap party fault but most cases were being covered up by the pap party of course, pap party not ashame?The real every day sg: No more one nation, one people, one singapore, but a multi-nation people and no more singapore, but multi-nation-singapore, all are the sg fishy pap party mistakes & there's no way to u-turn back of course. Also majority people said there are no more food safety and other safety in sg, the next meal the people eat are the last meal of their lives of course. Not only the platform work, but a lot of restaurants and eating places also using illegal foreign workers in the kitchen, but the fishy pap party just close one eye and all these problems still remains.
What happened to AI PAC dollar as the preferred reserve 😂😂😂