Trump's Tariffs: Singapore Becomes a New 'Golden Haven' for Billionaires.


Storing gold in offshore vaults is becoming increasingly popular among billionaires
Storing gold in offshore vaults is becoming increasingly popular among billionaires due to market instability and geopolitical issues. One of the favorite destinations is Singapore, home to the massive vault 'The Reserve'. Here, billions of dollars' worth of gold and silver are stored, attracting more and more demand.
According to the founder of the vault, Gregor Gregersen, growing uncertainty and market instability are driving this demand. Today, investing in physical metal in safe jurisdictions like Singapore is becoming more and more popular.
The Appeal of Singapore for Gold Storage
Singapore attracts as a safe jurisdiction with both political and economic stability. As gold prices are likely to continue rising, keeping physical gold reserves is becoming increasingly appealing to investors.
Summary: Billionaires are increasingly choosing to store their gold in offshore vaults, particularly in Singapore, due to turbulence in international markets. Storing physical metals in safe jurisdictions is becoming one of the most relevant strategies for investors in today's conditions.
Read also
- Compensation for accommodating IDPs: Mechanism for receiving assistance has been changed in Ukraine
- The National Bank stated when Ukraine will fully switch to the euro
- Touching all when trying to exchange 100 dollars: Ukrainians warned about possible problems
- The rains won't let up, but warmth is already near: forecaster Didenko said when summer weather will come to Ukraine
- Ukrainians face fines for military uniform: who will have to pay up to 6800 hryvnias
- Gas stations updated prices: how much gasoline, diesel, and autogas cost