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Singapore aims to become a gold trading hub

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By: Eamonn Sheridan

I’m doing a bit of weekend reading catch-up. Some interesting items about.

Singapore hopes to capture 10-15% of the world’s bullion trade (they currently trade around 2%)

A year ago Singapore abolished a general sales tax on imports of investment grade gold and other precious metals

JPMorgan, Deutsche Bank, UBS and ANZ – have all set up gold vaults in Singapore

Metalor Technologies, a Swiss-based gold refiner, started a refinery in Singapore that will eventually produce about 360 tonnes of gold bars a year

More details: Singapore targets golden trading future

Singapore aims to become a gold trading hub

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