Gold and Gemstones Pile Up in Singapore Vault on Quest for Haven

  • Precious metals, stones hoarded on negative rates, uncertainty
  • Investors seeking ‘tangible assets’ to diversify portfolio

Gold, Gems Pile Up in Singapore Vaults

The stash of gold, silver and gems stored in the vaults and safe deposit boxes of Malca-Amit in Singapore has jumped almost 90 percent in the past year as wealthy investors seek a refuge in a world of negative interest rates, stagnating economies and political uncertainty.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.