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
