Singapore’s ‘Strong’ Precious Metals Storage Infrastructure Anchors Trading Hub Push

It’s no secret that Singapore has become a global leader in the storage and safekeeping of private wealth.

In fact, the last mention of the Southeast Asian city-state on this blog concerned a December 12, 2016, article on the The Business Times (Singapore) website which noted privately-owned precious metals from around the world are finding their way to non-bank vaults in Singapore.

The Straits Times (Singapore) recently reported on the leadership of “The Lion City” in storing precious metals as part of a push to make Singapore a bullion trading “hub.” Jacqueline Woo wrote on April 13:

Singapore is in a good position to reprise its role as the region’s global precious metals trading hub, but there is still some way to go, said Singapore Bullion Market Association (SBMA) chief executive Albert Cheng…

Mr Cheng believes Singapore has the key features in place to become Asia Pacific’s global precious metals trading hub, given its strong financial, as well as precious metals storage and trading infrastructure

(Editor’s note: Bold added for emphasis)

An interesting piece, which can viewed on The Straits Times website here.

By Christopher E. Hill
Offshore Safe Deposit Boxes (www.offshoresafedepositboxes.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on information found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. Christopher E. Hill, the creator/Editor of this blog, is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented on the site.)

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