Bullion Blog

Sept. 30, 2012 3:31 pm ET Singapore has emerged as one of the world’s hubs for private banking for the wealthy, and now it is making a play to become the Fort Knox of Asia. Starting Monday, the Southeast Asian city-state is scrapping a 7% tax on gold and silver in an effort to turn

At an electronics recycling plant in Singapore’s Tuas industrial zone, tons of electronic wastes are fed to the facility for the recovery of materials like steel, copper, plastic, and also silver and gold. China is rapidly becoming one of the largest generators of electronic wastes. [File photo]  The concentration of some precious metals in the

Gold’s London AM fix this morning was USD 1,662.00, EUR 1,271.61, and GBP 1,057.93 per ounce. Yesterday’s AM fix was USD 1,694.75, EUR 1,291.44and GBP 1,082.63 per ounce. Gold fell 1.7% in New York yesterday and closed at $1,676.10/oz. Gold fell in Asia prior to further falls in Europe which has gold now trading at

The plant has current capacity of 240 tonnes per year, but could be expanded to reach 1,400 tonnes – equivalent to 20GW of PV capacity – in three to four years if the industry grows as expected, says Peter Horan, general manager of Heraeus Materials Singapore. Silver paste is used to transmit the current created

Deep in the 7.4-acre Singapore FreePort next to Changi International Airport’s runways is the bullion vault of Swiss Precious Metals, behind seven-metric-ton steel doors built to survive a plane crash or earthquake. The rooms are almost full after demand rose five-fold in the year since the Geneva-based company opened the facility. The firm plans an

Energy Risk’s Precious Metals House of the Year, Asia has been awarded to JP Morgan for the strides made in building up its Asian precious metals business during a tumultuous period for global markets, not least of which was the pioneering step of opening a gold vault in Singapore in September 2010 JP Morgan’s global