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
Midas touch: Singapore exchange touts gold to the masses Read More »
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
Using food waste to extract precious metals from spent lithium-ion batteries Read More »
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
Gold & Silver Unstoppable: China Dumping USD For Actual Stuff Proper Now Read More »
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
James Turk: The Current Financial Order is Not Going to Survive Read More »
The author of this article presses the case for precious metals when used in estate planning and wealth preservation. Recent moves in the gold price certainly add fresh edge to the argument. Precious metals such as gold play an important role in protecting wealth, and the case for gold, for example, has been given
Estate Planning, Wealth Preservation With Precious Metals Read More »
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
Major Chinese Banks Bar Customers From Buying Gold, Precious Metals – News Bitcoin News Read More »
We’re in the midst of a modern-day gold rush. The precious metal has reached record high prices in recent days. A survey of 1,000 people by Magnify Money found that one out of six have invested in gold or other precious metals since May, and about half of Americans are seriously thinking about buying gold.
Where Is All That Gold Being Stored? (Published 2020) Read More »
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
Pixabay Every year around this time, we check in with raw materials for our popular commodities halftime report. This year, it wasn’t even a competition. Precious metals were the big winners for the first six months of 2020. Spot gold took the first place position, rising over 17 percent, followed in second place by silver,
Precious Metals Were The Winners In H1 2020 Read More »
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
How you can buy precious metals like silver and platinum online Read More »
TD Securities set out to grow a precious metals business in 2010, at a time when many banks were withdrawing from the market. Over the past decade, it has built out a global offering spanning New York, London and Singapore, increased its market share and gained customers not just in the core mining sector, but
Precious metals house of the year: TD Securities – Risk.net Read More »
By Rajendra Jadhav, Asha Sistla * Most demand still coming from institutional investors * China discounts drop, some jewellers open up in India * Singapore to re-open economy from June in phases BENGALURU/MUMBAI, May 22 (Reuters) – Physical gold demand picked up in top Asian hubs this week as economies gradually come out of coronavirus
Asia Gold-Demand slowly returns as top hubs reopen Read More »
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
Asia Gold-Demand regular in Singapore, little motion elsewhere Read More »
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
Asia gold demand steady in Singapore, little action elsewhere Read More »
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
Asia gold demand steady in Singapore, little action elsewhere Read More »
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) – 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 »
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 »
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, 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 »
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 »
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 »
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] 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 »
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 »
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 »
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 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
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
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 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 »
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 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 »
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 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
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
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 »
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 »
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 »
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