29-07-2013, 10:47 AM
Silver vault after gold vault... Singapore is preparing for the wealthy...
Silver vault for 200 tons starts in Singapore as wealthy buy
A silver vault that can hold 200 metric tons opens in Singapore this week to cater for increasing demand for physical precious metals among Asia’s wealthy even as the commodity leads declines this year.
The new facility is 30% booked at the opening, said Joshua Rotbart, precious-metals general manager at owner Malca-Amit Global. The storage will add to the firm’s existing five vaults at the Singapore FreePort, which are fully reserved for gold, he said in an interview. Gold is about 66 times more expensive than silver.
http://www.theedgesingapore.com/the-dail...y-buy.html
Silver vault for 200 tons starts in Singapore as wealthy buy
A silver vault that can hold 200 metric tons opens in Singapore this week to cater for increasing demand for physical precious metals among Asia’s wealthy even as the commodity leads declines this year.
The new facility is 30% booked at the opening, said Joshua Rotbart, precious-metals general manager at owner Malca-Amit Global. The storage will add to the firm’s existing five vaults at the Singapore FreePort, which are fully reserved for gold, he said in an interview. Gold is about 66 times more expensive than silver.
http://www.theedgesingapore.com/the-dail...y-buy.html