bullion@bullionsingapore.com

Singapore goals to grow to be Asia’s gold hub

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 […]

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What To Know About Gold & Precious Metal Investing With Your IRA

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,

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Singapore Plays Pivotal Role in Building a Sustainable Precious Metals Hub in ASEAN

Singapore Plays Pivotal Role in Building a Sustainable Precious Metals Hub in ASEAN

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

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New lab to study greener ways to recover precious metals from e-waste

New lab to study greener ways to recover precious metals from e-waste

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

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The gold standard – new Singapore AML/CFT rules for dealers of precious stones and metals

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

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The gold commonplace – new Singapore AML/CFT guidelines for sellers of valuable stones and metals

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

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Australia’s ANZ bank closes Singapore gold vault

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

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Australia’s ANZ financial institution closes Singapore gold vault

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

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Parliament: Dealers of precious stones, metals have to register with MinLaw in bid to fight money laundering and terrorism financing

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

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Treasured-Metals Patrons Go On-line

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,

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New law proposed to close gap on precious stones and metals being used for money laundering

New law proposed to close gap on precious stones and metals being used for money laundering

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

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5 Questions To Ask Yourself Before Buying Precious Metals

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

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5 Questions To Ask Your self Earlier than Shopping for Treasured Metals

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

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Why You Should Store Precious Metals In Multiple International Locations

“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

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Why You Ought to Retailer Treasured Metals In A number of Worldwide Places

“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.

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Here’s Why You Shouldn’t Store Precious Metals Yourself (Hint: It’s More Than The Risk Of Theft)

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

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Singapore’s gold hub strategy bears fruit as imports, exports rise

Singapore’s gold hub strategy bears fruit as imports, exports rise

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

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How Precious Metals Like Gold Can Be Arbitraged

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

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New savings scheme to tap into gold, precious metals

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

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If you think it’s safe to buy gold jewellery as an investment, you’re wrong

If you think it’s safe to buy gold jewellery as an investment, you’re wrong

Photo: 123rf.com Some Singaporeans think buying a lot of gold jewellery is the same as investing in gold. In particular, buying and gifting gold jewellery has deep cultural roots among Chinese and Indian Singaporeans, who tend to consider it as a sound investment. However, this is a misguided tradition. There is a big difference between

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WRAPUP 1-China, Singapore boost gold pricing campaign in push for Asia

By Manolo Serapio Jr, Koustav Samanta * China markets yuan pricing to foreign exchanges * Singapore looking to bring London pricing to Asia SINGAPORE, Oct 17 (Reuters) – China is marketing its yuan gold price to foreign exchanges and Singapore is looking at bringing London’s gold benchmark to users in Asia, in moves meant to

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Gregor Gregersen: Singapore is an oasis of security and stability for storing bullion

Gregor Gregersen: Singapore is an oasis of security and stability for storing bullion

Watch Interview with Gregor Gregersen Similar to Switzerland, it’s a neutral country with no enemies. Citizens of Singapore have a mandatory military service of 2 years, where each man must train for 2 weeks per year until they turn 40, which gives them 950,000 troops they can call on at any given time. They also

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Public Gold to tap Indonesia’s precious metal market

Public Gold to tap Indonesia’s precious metal market

This article first appeared in The Edge Financial Daily, on May 16, 2016. KUALA LUMPUR: Malaysia’s largest gold and silver trading company, Public Gold Marketing Sdn Bhd, is set to expand its footprint into Indonesia to capture a slice of the precious metal trading market in the largest economy in Southeast Asia. Public Gold executive

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Republic Metals Corporation Becomes Singapore Bullion Market Association Good Delivery

MIAMI, Feb. 24, 2016 /PRNewswire/ — Republic Metals Corporation (Republic Metals) is proud to announce the addition of the Republic Metals Gold brand to the Singapore Bullion Market Association (SBMA) Good Delivery List effective February 17th, 2016. With the inclusion on the SBMA Good Delivery List, Republic Metals’ gold kilo bars can now be traded on

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Degussa Launches Online Shop for Gold in Singapore

Degussa Launches Online Shop for Gold in Singapore

The German precious metals trader Degussa, which opened an office in Singapore about two months ago, is now expanding its offering into the digital sector. «Starting this month, customers in Asia will be able to purchase their gold bullion or coins online via the webshop of Degussa,» said Michael Kempinski, Managing Director of the German

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Ripple Singapore Ripple Gold Silver Gateway – FintechNewsSG

Ripple Singapore Ripple Gold Silver Gateway – FintechNewsSG

by Fintech News Singapore October 5, 2015 Operated by Ripple Gateway Pte Ltd, Ripple Singapore is a Ripple gateway that uses the Ripple network to acquire, store and convert precious metals into any currency. Ripple Singapore Launched in January 2014, the service is Singapore’s first major Ripple gateway and the first in the world that

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Heraeus Materials upholds legacy in precious metals and technologies

Heraeus Materials upholds legacy in precious metals and technologies

When Wilhelm Carl Heraeus took over his father’s pharmacy in Hanau in 1851, he blazed the trail for succeeding generations by establishing Germany’s first platinum foundry.  Through the years, family-run Heraeus Group has built a global reputation in developing and manufacturing sophisticated solutions for high-technology products based on precious and platinum group metals and materials

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Oral Reply to Parliamentary Question on the Transport of Gold and Precious Metals by Mr S Iswaran, Minister in the Prime Minister’s Office and Second Minister for Home Affairs & Trade and Industry​​​

Oral Reply to Parliamentary Question on the Transport of Gold and Precious Metals by Mr S Iswaran, Minister in the Prime Minister’s Office and Second Minister for Home Affairs & Trade and Industry​​​

Question: Mr Gerald Giam Yean Song: To ask the Deputy Prime Minister and Minister for Home Affairs – (a) what is the weight limit on the transport of gold and other precious metals in and out of Singapore by individual travellers; (b) whether diplomats are exempt from this limit, if any; (c) whether the Police is

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Gregor Gregersen: Singapore is an oasis of security and stability for storing bullion

Singapore kilobar gold trading to debut mid-Oct

In a joint press release, the International Enterprise Singapore, the Singapore Bullion Market Association, the Singapore Exchange and the World Gold Council said the contract, the first of its kind to be offered globally, underpins the creation of a centralized kilobar gold market, characterized by real-time transparent price discovery, daily expiration with physical delivery and robust

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Singapore gold-price contract seen fueling demand

Singapore gold-price contract seen fueling demand

The exchange-traded Singapore Kilobar Gold Contract, expected to go “live” as early as in September, will introduce centralized trading and clearing of physically delivered gold, the World Gold Council (WGC) said in a release. The Asian city-state’s move to introduce the contract is part of regional efforts to set new price standards as the global

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Singapore Kilobar Gold| World Gold Council

Singapore Kilobar Gold| World Gold Council

At the annual London Bullion Market Association (LBMA) Bullion Market Forum held for the first time in Singapore today, Mr Lim Hng Kiang, Minister for Trade and Industry, announced a new exchange-traded Singapore Kilobar Gold Contract[1] (“Contract”). This is the first wholesale 25 kilobar gold contract to be offered globally. Expected to go ‘live’ as

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Goldbroker.com opens a new precious metals storage facility in Singapore

Goldbroker.com opens a new precious metals storage facility in Singapore

Goldbroker.com is one of the first companies to allow investors to own and store 100% allocated gold and silver bars Post this Goldbroker.com is one of the first companies to allow investors to own and store 100% allocated gold and silver bars, directly and in their own names, starting with a minimum order as low

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Jim Sinclair Named Executive Chairman of Singapore Precious Metals Exchange (SGPMX)

SINGAPORE–(BUSINESS WIRE)–Singapore Precious Metals Exchange (SGPMX), the world’s first physical precious metals exchange with peer-to-peer bullion trading capabilities, today announced the appointment of precious metals specialist, Jim Sinclair, as Executive Chairman of SGPMX. It also announced the establishment of an Independent Advisory Board chaired by Jim Sinclair to oversee the transparency and management of the

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Jim Sinclair Named Government Chairman of Singapore Valuable Metals Change (SGPMX)

SINGAPORE–(BUSINESS WIRE)–Singapore Precious Metals Exchange (SGPMX), the world’s first bodily treasured metals trade with peer-to-peer bullion buying and selling capabilities, right now introduced the appointment of treasured metals specialist, Jim Sinclair, as Government Chairman of SGPMX. It additionally introduced the institution of an Unbiased Advisory Board chaired by Jim Sinclair to supervise the transparency and

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Swiss Precious Metals Firm Opens Vault Facilities In Singapore, Hong Kong

Swiss Precious Metals Firm Opens Vault Facilities In Singapore, Hong Kong

Vanessa Doctor Asia Correspondent 3 October 2013 Matterhorn Asset Management, the Swiss asset manager that owns precious metals company GoldSwitzerland, has expanded its vaulting network with the opening of new facilities in Hong Kong and Singapore, the firm said in a statement. GoldSwitzerland, which has

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Cheap Gold Prompts New Deutsche Bank Bullion Vault in Singapore | Finance Magnates

Cheap Gold Prompts New Deutsche Bank Bullion Vault in Singapore | Finance Magnates

Deutsche Bank has announced the establishment of a new custodial and vaulting service in Singapore on the back of physical gold buying in Asia. The recent plunge in the price of gold has triggered investor demand as buyers enter the market to soak up what might be the right time to buy before another rally.

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Cheap Gold Prompts New Deutsche Bank Bullion Vault in Singapore | Finance Magnates

Cheap Gold Prompts New Deutsche Bank Bullion Vault in Singapore | Finance Magnates

Deutsche Bank has announced the establishment of a new custodial and vaulting service in Singapore on the back of physical gold buying in Asia. The recent plunge in the price of gold has triggered investor demand as buyers enter the market to soak up what might be the right time to buy before another rally.

Cheap Gold Prompts New Deutsche Bank Bullion Vault in Singapore | Finance Magnates Read More »