With stock markets still in turmoil and oil prices continuing to plummet downwards, it has become harder to find diamonds in the investment rough. However, David Mitchell, founding partner of Auctus Metal Portfolios and IPM Group, believes that there are bright spots. Together with his sales director Robbie Hoyes-Cock, the duo wants you to consider investing […]
Investing during a crisis: Should you invest in gold? Read More »
By Arpan Varghese, Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Physical gold demand in China continued to be in the doldrums this week as the coronavirus-led restrictions stalled activity, with dealers in the top consumer offering massive discounts. FILE PHOTO: A salesperson arranges 24K gold bracelets for Chinese weddings at Chow Tai Fook Jewellery store in Hong
Gold dealers in top consumer China offer steep discounts as demand slumps Read More »
By Arpan Varghese, Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Bodily gold demand in China continued to be within the doldrums this week because the coronavirus-led restrictions stalled exercise, with sellers within the high client providing large reductions. FILE PHOTO: A salesman arranges 24K gold bracelets for Chinese language weddings at Chow Tai Fook Jewelry retailer in
Gold sellers in high client China provide steep reductions as demand slumps Read More »
Precious metals investors had an excellent 2019, with gold, silver, platinum and palladium seeing sustained growth over a 12-month period. Gold eclipsed the critical resistance barrier of $1,500 per ounce in September. Other metals saw even more impressive growth, but none more than palladium, the most valuable of the four major precious metals. Palladium, a lustrous
Council Post: Precious Metal Growth Potential In 2020 Read More »
By Sumita Layek and Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Physical demand for gold jumped this week in Singapore as buyers took advantage of a recent slide in prices after investors dumped the metal to raise cash, while discounts in India narrowed despite closures due to the coronavirus outbreak. In Singapore, premiums rose to $0.70-$0.80 an
Singapore demand surges, India discounts narrow sharply on price fall Read More »
By Sumita Layek and Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Physical demand for gold jumped this week in Singapore as buyers took advantage of a recent slide in prices after investors dumped the metal to raise cash, while discounts in India narrowed despite closures due to the coronavirus outbreak. In Singapore, premiums rose to $0.70-$0.80 an
Singapore demand surges, India discounts narrow sharply on price fall Read More »
By Sumita Layek and Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Physical demand for gold jumped this week in Singapore as buyers took advantage of a recent slide in prices after investors dumped the metal to raise cash, while discounts in India narrowed despite closures due to the coronavirus outbreak. In Singapore, premiums rose to $0.70-$0.80 an
Singapore demand surges, India discounts narrow sharply on price fall Read More »
By Sumita Layek and Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Physical demand for gold jumped this week in Singapore as buyers took advantage of a recent slide in prices after investors dumped the metal to raise cash, while discounts in India narrowed despite closures due to the coronavirus outbreak. In Singapore, premiums rose to $0.70-$0.80 an
Singapore demand surges, India discounts narrow sharply on price fall Read More »
By Sumita Layek, Rajendra Jadhav * India discounts drop to $6/oz from $33 last week * India jewellery shops to stay closed next week -dealer * Bangladesh Jewellers Association cuts gold prices BENGALURU/MUMBAI, March 20 (Reuters) – Physical demand for gold jumped this week in Singapore as buyers took advantage of a recent slide in
Asia Gold-Singapore demand surges, India discounts narrow sharply on price fall Read More »
Gold was one of the highest-performing investments in 2019. The precious metal started the year at US$1,286 per ounce and ended it at $1,525 — about an 18.5% gain in a 12-month span. Although gold’s run cooled down in the last quarter of 2019, there’s plenty of cause for optimism for gold investors in 2020.
Council Post: Is Investing In Gold Worth It In 2020? Read More »
LONDON (BLOOMBERG) – It is five times more costly than gold and shocked investors by reaching US$8,200 per ounce last week. Rhodium – mainly used in autocatalysts for cars and five times more costly than gold – surged 32 per cent already this month and 225 per cent year on year, touching the highest since
Price of world’s most precious metal rhodium jumps 32% in January Read More »
[NEW YORK] Regulatory scrutiny of precious metals trading at JPMorgan Chase & Co, one of the world’s largest gold brokerages, has expanded to Singapore and ensnared two more bank employees, according to people familiar with the situation. The Monetary Authority of Singapore (MAS) is looking into the bank’s precious metals trading unit, three sources confirmed.
JPMorgan metals traders under Singapore scrutiny, two more depart: sources Read More »
The nature of the probe is unclear, and the Monetary Authority of Singapore did not accuse the firm of any wrongdoing. Scrutiny of the precious metals trading unit at J.P. Morgan, one of the world’s largest gold brokerages, has spread to Singapore, according to a «Reuters» report, which cited three unnamed sources. In the U.S.,
Singapore Investigates J.P. Morgan’s Precious Metals Unit Read More »
The nature of the probe is unclear, and the Monetary Authority of Singapore did not accuse the firm of any wrongdoing. Scrutiny of the precious metals trading unit at J.P. Morgan, one of the world’s largest gold brokerages, has spread to Singapore, according to a «Reuters» report, which cited three unnamed sources. In the U.S.,
Singapore Investigates J.P. Morgan’s Precious Metals Unit Read More »
NEW YORK/LONDON/SINGAPORE (Reuters) – Regulatory scrutiny of precious metals trading at JPMorgan Chase & Co., one of the world’s largest gold brokerages, has expanded to Singapore and ensnared two more bank employees, according to people familiar with the situation. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters
JPMorgan metals traders under Singapore scrutiny, two more depart: sources Read More »
NEW YORK/LONDON/SINGAPORE (Reuters) – Regulatory scrutiny of treasured metals buying and selling at JPMorgan Chase & Co., one of many world’s largest gold brokerages, has expanded to Singapore and ensnared two extra financial institution workers, based on individuals accustomed to the state of affairs. FILE PHOTO: A view of the outside of the JP Morgan
JPMorgan metals merchants underneath Singapore scrutiny, two extra depart: sources Read More »
This year’s rally in the gold price – a 24% rise between January and August when it touched $1,550 an ounce (oz) – vindicated BNP Paribas’s (BNPP) commitment to its commodity trading operation in China. In October, it was awarded a licence to join the main board of the Shanghai Gold Exchange (SGE) – the
Precious metals house of the year, Asia: BNP Paribas – Risk.net Read More »
To print this article, all you need is to be registered or login on Mondaq.com. On 17 September 2019, the Ministry of Law (“MinLaw“) issued a press release to remind dealers of precious stones and precious metals (“Regulated Dealers“) to register their business with the Registrar of Regulated Dealers (“Registrar“) under the Precious Stones
To print this text, all you want is to be registered or login on Mondaq.com. On 17 September 2019, the Ministry of Regulation (“MinLaw“) issued a press launch to remind sellers of valuable stones and valuable metals (“Regulated Sellers“) to register their enterprise with the Registrar of Regulated Sellers (“Registrar“) beneath the Treasured Stones
MARILYN Monroe may have sung that diamonds are a girl’s best friend, but when it comes to sparklers, regulators here are keeping their friends close – and their enemies closer. Precious stones and metals dealers (PSMDs) must register with the Ministry of Law (MinLaw)to keep plying their trade, under legislation passed in February. Close to
No stone left unturned: the burden of compliance in fighting money laundering Read More »
TORONTO–(BUSINESS WIRE)–Goldmoney Inc. (TSX:XAU) (US:XAUMF) (“Goldmoney”) (“the Company”), a precious metal financial service and technology company, today announced an expansion of its longstanding partnership with a major global vault operator to offer secure and insured precious metals custody at two new vault locations in Singapore and Frankfurt, Germany. Goldmoney Holding clients can now instantly purchase
Goldmoney Inc. Expands Global Vault Network with Two New Additions in Singapore, Germany Read More »
Singapore ASIA’S “Fort Knox”, a private, maximum-security vault in Singapore, is up for sale. Le Freeport, a multi-storey repository for fine art, precious gems and even JPMorgan Chase & Co’s stash of gold, has been seeking a buyer since as far back as 2017, so far without success, according to people familiar with the matter.
Singapore ‘Fort Knox’ maximum-security vault said to be up for sale Read More »
by NG MIN SHEN/ pic by ARIF KARTONO MALAYSIAN entrepreneurs should employ digital technology in order to innovate beyond traditional barriers, said Entrepreneur Development Minister Datuk Seri Mohd Redzuan Md Yusof. He pointed to MNC Wireless Bhd and Urban Setup Sdn Bhd’s initiative to develop a mobile gold retail platform as an example of “exploring
Mohd Redzuan: Don’t just do traditional business Read More »
Singapore is positioning itself to become the region’s global precious metals trading and financial hub as it gathered support at the Asia Pacific Precious Metals Conference, that brought together Asia’s biggest players in the industry. The conference, organized by the Singapore Bullion Market Association (SBMA), said Singapore could work as a rotating platform where the
Singapore aims to become Asia’s gold hub Read More »
Despite looming headwinds caused by the ongoing U.S-China trade war and slowing global growth, the international bullion community turned up in strong numbers at the third Asia Pacific Precious Metals Conference. Singapore’s received strong support in its bid to become the region’s precious metals trading hub as the Asia Pacific Precious Metals Conference, held on
Singapore Grows Regional Gold Hub Status Read More »
Singapore is positioning itself to grow to be the area’s world treasured metals buying and selling and monetary hub because it gathered assist on the Asia Pacific Treasured Metals Convention, that introduced collectively Asia’s largest gamers within the trade. The convention, organized by the Singapore Bullion Market Affiliation (SBMA), mentioned Singapore might work as a
Singapore goals to grow to be Asia’s gold hub Read More »
Precious metals like gold, silver, platinum and palladium can be an important part of a… [+] well-diversified retirement portfolio, giving you the opportunity to invest in something tangible that can weather a financial crisis. iStock Photo Gold and precious metals can offer another level of diversification in your retirement account. Not only can you purchase,
What To Know About Gold & Precious Metal Investing With Your IRA Read More »
SINGAPORE – Media OutReach – 23 April 2019 – Singapore Bullion Market Association (SBMA), representing key stakeholders from the precious metals industry is playing a pivotal role in the region by bringing together the industry players of the bullion markets of the ASEAN countries through the sharing of knowledge and best practices and connecting them
Singapore Plays Pivotal Role in Building a Sustainable Precious Metals Hub in ASEAN Read More »
SINGAPORE — In high-tech Singapore, some 60,000 tonnes of electronic waste, or e-waste, is generated each year. It represents a major challenge for the authorities here. E-waste contains heavy metals that are valuable and could be recovered for other uses, but doing so is costly and takes up a lot of energy. At the same
New lab to study greener ways to recover precious metals from e-waste Read More »
On 14 January 2019, a new bill setting out a risk-based anti-money laundering and countering-the-financing-of-terrorism (AML/CFT) regime for precious stones and precious metals dealers (the Bill) was tabled for first reading in the Singapore parliament. The Ministry of Law (MinLaw) had consulted on the Bill in September and October 2018. The Bill will apply to
On 14 January 2019, a brand new invoice setting out a risk-based anti-money laundering and countering-the-financing-of-terrorism (AML/CFT) regime for valuable stones and valuable metals sellers (the Invoice) was tabled for first studying within the Singapore parliament. The Ministry of Legislation (MinLaw) had consulted on the Invoice in September and October 2018. The Invoice will apply
While ANZ is trimming, increasing regulation and lower profits have seen banks including Scotiabank Barclays , Deutsche Bank and Commerzbank cut back or exit precious metals in recent years. The bank opened the vault — which could hold 50 tonnes of gold worth around $2 billion at current prices — in 2013. That year, ANZ
Australia’s ANZ bank closes Singapore gold vault Read More »
LONDON (Reuters) – Australia and New Zealand Banking Group Ltd (ANZ), whose gold bullion business is one of Asia’s largest, said on Thursday it was closing its precious metals vault in Singapore. FILE PHOTO: An ANZ bank logo is pictured in Sydney, Australia April 23, 2018. REUTERS/Edgar Su/File Photo The move follows the bank’s sale
Australia’s ANZ bank closes Singapore gold vault Read More »
LONDON (Reuters) – Australia and New Zealand Banking Group Ltd (ANZ), whose gold bullion enterprise is considered one of Asia’s largest, mentioned on Thursday it was closing its treasured metals vault in Singapore. FILE PHOTO: An ANZ financial institution brand is pictured in Sydney, Australia April 23, 2018. REUTERS/Edgar Su/File Photograph The transfer follows the
Australia’s ANZ financial institution closes Singapore gold vault Read More »
SINGAPORE – Jewellery retailers and dealers of precious metals and stones, including second-hand goods dealers and auction houses, will have to register with the Ministry of Law under proposed guidelines for the industry. All regulated dealers of precious stones and metals, like diamonds, jade, silver and gold, will have to register with the ministry under
It’s the tip of an period for precious-metals patrons and sellers in Asia. For hundreds of years, particular person patrons of valuable metals patronized the identical retailers and native sellers trusted by some households for generations. Now, amid the identical common progress of e-commerce all over the place, bullion retailers in nations like Singapore, Malaysia,
Treasured-Metals Patrons Go On-line Read More »
SINGAPORE – To close the gap on the use of precious stones and metals for money laundering and terrorism financing, the Government is proposing a new law which is “crucial to combating crime and improving security, both domestically and globally”. In a statement on Thursday (Sept 13), the Ministry of Law (MinLaw) said the portability
Buying physical gold or silver as an investment is not always as straightforward as it sounds. Novice investors often get lost in a variety of options: “Should I buy minted bars or sovereign coins?” “Maybe that limited edition coin would be a good investment?” Sensible investors evaluate bullion options by the price and premium on the gold
5 Questions To Ask Yourself Before Buying Precious Metals Read More »
Shopping for physical gold or silver as an funding will not be at all times as simple because it sounds. Novice traders usually get misplaced in a wide range of choices: “Ought to I purchase minted bars or sovereign coins?” “Possibly that restricted version coin could be a great funding?” Wise traders consider bullion choices by the
5 Questions To Ask Your self Earlier than Shopping for Treasured Metals Read More »
“Where should I store gold?” and “Should I store in multiple international gold storage facilities?” are some of the most common questions I receive from Hard Assets Alliance customers. In short, the main reason why investors would consider storing precious metals in more than one international location is risk mitigation. In addition to being a
Why You Should Store Precious Metals In Multiple International Locations Read More »
“The place ought to I retailer gold?” and “Ought to I retailer in a number of worldwide gold storage services?” are a few of the commonest questions I obtain from Hard Assets Alliance prospects. Briefly, the primary motive why traders would think about storing treasured metals in a couple of worldwide location is threat mitigation.
Why You Ought to Retailer Treasured Metals In A number of Worldwide Places Read More »
There’s nothing like holding a gold coin in the palm of your hand. So it’s not surprising that many investors prefer to store precious metals at home or somewhere nearby. But is it worth the trouble? While I agree that having some precious metals stored safely at home may benefit you in the event of a major
Two years after opening its first precious metals store in Asia, on Orchard Road, German company Degussa GoldHandel has decided to close it at the end of the month. Its website carried the surprise one-sentence announcement. When it opened the branch in October 2015 as part of an international expansion strategy, the company said it
Degussa GoldHandel exits Singapore after two years Read More »
At the auction, held in Singapore, the company sold $54.8 million worth of rubies, a record high for any Gemfields auction and a 24% increase in revenue from the previous record. Of the 83 lots offered, 78 were sold with an average realized price of $61.13 per carat, the miner said. Al the stones offered
Gemfields beats own ruby sales record at Singapore auction Read More »
Singapore SINGAPORE’s strategy to develop itself as a gold hub has proven successful, as its imports and exports almost doubled in the years after the goods and services tax (GST) was removed for investment-grade precious metals in 2012. But there is still more work to be done, especially in increasing business flows now that the
Singapore’s gold hub strategy bears fruit as imports, exports rise Read More »
Gold and silver have been recognized as valuable metals and were highly coveted by ancient civilizations. Precious metals still have their place in a savvy investor’s portfolio in modern times. But which precious metal is best for investment purposes? And more importantly, why are they so volatile? There are many ways to buy precious metals
Precious Metals Investing Guide for Beginners Read More »
Gold and silver have been recognized as valuable metals and have been coveted for a long time. Even today, precious metals have their place in a savvy investor’s portfolio. But which precious metal is best for investment purposes? And why are they so volatile? There are many ways to buy precious metals like gold, silver,
A Beginner’s Guide to Precious Metals Read More »
Precious metals are classified as commodities and can be traded via multiple security classes such as metal trading (spot trading), futures, options, funds, and exchanget-raded funds (ETFs). Across the globe, two of the most heavily traded and most popular commodities for investments—gold and silver—offer ample trading opportunities with high liquidity. As with any other tradable asset, arbitrage opportunities
How Precious Metals Like Gold Can Be Arbitraged Read More »
Precious metals such as gold, silver, and platinum are valued by many investors as a hedge against inflation or a safe haven in times of economic turmoil. They also are valued for their rarity and their use in a broad range of industrial applications. Precious metals exchange-traded funds (ETFs) are a popular way to invest
Best Precious Metals ETFs for Q2 2022 Read More »
SINGAPORE — Retail investors seeking to diversify into precious metals now have another option with the launch of the GSC Savings Accumulation Program for physical gold, silver and platinum in Singapore by GoldSilver Central, a Singapore-registered company that specialises in physical bullion trading. For as little as S$5 a day, investors can take part in
New savings scheme to tap into gold, precious metals Read More »