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Safe-haven assets: Midas touch: Singapore exchange touts gold to the masses

Safe-haven assets: Midas touch: Singapore exchange touts gold to the masses

Fancy owning your own gold bars that you can admire and take selfies with? With the coronavirus fuelling demand for safe-haven assets for investors to park their cash, a Singapore exchange is offering mom-and-pop investors what it says is an easier way to get their hands on the precious metal. The Singapore Precious Metals Exchange […]

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Midas touch: Singapore exchange touts gold to the masses

Midas touch: Singapore exchange touts gold to the masses

An exchange is offering mom-and-pop investors an easier way to get their hands on gold 1 of 12 Singapore: Fancy owning your own gold bars that you can admire and take selfies with? With the coronavirus fuelling demand for safe-haven assets for investors to park their cash, a Singapore exchange is offering mom-and-pop investors what

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Midas touch: Singapore exchange touts gold to the masses

Midas touch: Singapore exchange touts gold to the masses

The SGPMX says it is the world’s first precious metals exchange entirely backed by physical bullion, and investors can turn up whenever they like to admire their trove. Singapore – Body seeking to do away with notion trading in bullion is only for professional investors or super-rich Published: Fri 18 Sep 2020, 6:29 PM Last

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Singapore exchange offers gold to the masses via mobile app

Singapore exchange offers gold to the masses via mobile app

“When we first started our business a decade ago, obviously we attracted the elite group, people who had money,” said CEO Victor Foo “But it’s our aspiration to be able to reach the mass market.” Victor Foo, CEOof the Singapore Precious Metals Exchange displays 1kg gold bars at his office in Le Freeport. Photo: AFP

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Midas touch: Singapore exchange touts gold to the masses

SHOTLIST SINGAPORE, SINGAPORESEPTEMBER 15, 2020SOURCE: AFPTV 1. Close-up Victor Foo holding up 1kg gold bars 2. Close-up Victor Foo putting 1kg gold bars in a box3. Mid shot Victor Foo demonstrating his company’s gold-buying app4. Close-up Victor Foo demonstrating his company’s gold-buying app 5. SOUNDBITE 1 – Victor Foo, CEO and Founder of Singapore Precious

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Midas touch: Singapore exchange touts gold to the masses – The Independent Singapore News

– Advertisement – by Martin Abbugao Fancy owning your own gold bars that you can admire and take selfies with? With the coronavirus fuelling demand for safe-haven assets for investors to park their cash, a Singapore exchange is offering mom-and-pop investors what it says is an easier way to get their hands on the precious

Midas touch: Singapore exchange touts gold to the masses – The Independent Singapore News Read More »

Midas touch: Singapore exchange touts gold to the masses

SHOTLIST SINGAPORE, SINGAPORESEPTEMBER 15, 2020SOURCE: AFPTV 1. Close-up Victor Foo holding up 1kg gold bars 2. Close-up Victor Foo putting 1kg gold bars in a box3. Mid shot Victor Foo demonstrating his company’s gold-buying app4. Close-up Victor Foo demonstrating his company’s gold-buying app 5. SOUNDBITE 1 – Victor Foo, CEO and Founder of Singapore Precious

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Midas contact: Singapore alternate touts gold to the lots

(UPDATED) The Singapore Valuable Metals Trade is providing small quantities of gold bullion for affordable costs that may be purchased utilizing a cellphone app Fancy proudly owning your individual gold bars that you could admire and take selfies with? With the coronavirus fuelling demand for safe-haven belongings for traders to park their money, a Singapore

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Using food waste to extract precious metals from spent lithium-ion batteries

Using food waste to extract precious metals from spent lithium-ion batteries

Research led by Nanyang Technological University, Singapore, has developed a method of extracting precious metals from lithium-ion batteries, using waste orange peel. The team created functional batteries from the extracted materials, creating minimal waste in the process. This new approach not only tackles the issue of electronic waste, but also addresses food waste. When food

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Gold & Silver Unstoppable: China Dumping USD For Actual Stuff Proper Now

Revered analyst Alasdair Macleod, head of analysis at Gold Cash, who has gone out on a limb to declare we’re ripe for a banking disaster very quickly, and a fiat forex failure by the top of the 12 months, returns to Liberty and Finance to report that China is already dumping the Greenback and shopping

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James Turk: The Current Financial Order is Not Going to Survive

James Turk Weblog: James Turk: The Current Financial Order is Not Going to Survive James Turk: The Current Financial Order is Not Going to Survive Paul Buitink talks to James Turk, founding father of GoldMoney, concerning the present financial disaster. James thinks it is going to inevitably result in a collapse of confidence in fiat

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Major Chinese Banks Bar Customers From Buying Gold, Precious Metals – News Bitcoin News

Major Chinese Banks Bar Customers From Buying Gold, Precious Metals – News Bitcoin News

Major Chinese banks have taken measures to prevent customers from buying gold, platinum, palladium, and other precious metal-related products through them. The Shanghai Gold Exchange also says it may take necessary measures to curb gold trading to “protect investors.” Chinese Banks and Regulators to ‘Cool Gold Rush’ Chinese regulators and major banks are taking measures

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Gold has surged due to the pandemic — and it could keep going. Here’s what to know about investing now

Why is gold rallying? Gold is up about 19% so far this year, as lower interest rates and central bank stimulus have supercharged existing upward momentum for the precious metal. Gold is typically seen as a “safe haven” asset in times of uncertainty because it is less volatile than other investments, like stocks. What’s more, the metal

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How you can buy precious metals like silver and platinum online

Precious metals such as silver, platinum and palladium are a way to diversify one’s portfolio, away from a single precious metal. Although they are often correlated to gold, they have their own independent demand and supply dynamics. While gold is at $1,717 (as of 3 June 2020) per ounce close to its all-time high of

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Asia gold demand steady in Singapore, little action elsewhere

By Asha Sistla, Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Physical bullion demand was steady in Singapore this week as investors sought cover from economic uncertainties due to the coronavirus, while activity wound down in top hub China ahead of a public holiday. FILE PHOTO: A salesman arranges gold bangles inside a jewellery showroom on the occasion

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Asia gold demand steady in Singapore, little action elsewhere

By Asha Sistla, Rajendra Jadhav BENGALURU/MUMBAI (Reuters) – Physical bullion demand was steady in Singapore this week as investors sought cover from economic uncertainties due to the coronavirus, while activity wound down in top hub China ahead of a public holiday. FILE PHOTO: A salesman arranges gold bangles inside a jewellery showroom on the occasion

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Asia Gold-Demand regular in Singapore, little motion elsewhere

By Asha Sistla, Rajendra Jadhav * Key Indian gold shopping for competition did not revive gold demand * China’s jewelry consumption slumped 65% in Q1- WGC * China and Hong Kong closed for Labour Day vacation * Benchmark spot gold costs on observe for worst week in six BENGALURU/MUMBAI, Might 1 (Reuters) – Bodily bullion

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Investing during a crisis: Should you invest in gold?

Investing during a crisis: Should you invest in gold?

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

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Gold dealers in top consumer China offer steep discounts as demand slumps

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

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Gold sellers in high client China provide steep reductions as demand slumps

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

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Council Post: Precious Metal Growth Potential In 2020

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

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Singapore demand surges, India discounts narrow sharply on price fall

Singapore demand surges, India discounts narrow sharply on price fall

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 »

Singapore demand surges, India discounts narrow sharply on price fall

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 »

Singapore demand surges, India discounts narrow sharply on price fall

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 »

Singapore demand surges, India discounts narrow sharply on price fall

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 »

Asia Gold-Singapore demand surges, India discounts narrow sharply on price fall

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

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Price of world’s most precious metal rhodium jumps 32% in January

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

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JPMorgan metals traders under Singapore scrutiny, two more depart: sources

JPMorgan metals traders under Singapore scrutiny, two more depart: sources

[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.

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Singapore Investigates J.P. Morgan’s Precious Metals Unit

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.,

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Singapore Investigates J.P. Morgan’s Precious Metals Unit

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.,

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JPMorgan metals traders under Singapore scrutiny, two more depart: sources

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

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JPMorgan metals merchants underneath Singapore scrutiny, two extra depart: sources

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

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Precious metals house of the year, Asia: BNP Paribas – Risk.net

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

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Registration Of Precious Stones And Precious Metals Dealers – Money Laundering – Singapore

Registration Of Precious Stones And Precious Metals Dealers – Money Laundering – Singapore

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

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Registration Of Treasured Stones And Treasured Metals Sellers – Cash Laundering – Singapore

Registration Of Treasured Stones And Treasured Metals Sellers – Cash Laundering – Singapore

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

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No stone left unturned: the burden of compliance in fighting money laundering

No stone left unturned: the burden of compliance in fighting money laundering

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

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Goldmoney Inc. Expands Global Vault Network with Two New Additions in Singapore, Germany

Goldmoney Inc. Expands Global Vault Network with Two New Additions in Singapore, Germany

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

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Singapore ‘Fort Knox’ maximum-security vault said to be up for sale

Singapore ‘Fort Knox’ maximum-security vault said to be up for sale

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.

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Mohd Redzuan: Don’t just do traditional business

Mohd Redzuan: Don’t just do traditional business

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

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Singapore aims to become Asia’s gold hub

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

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Singapore Grows Regional Gold Hub Status

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

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