Singapore Emerges as Gold Safe Haven for Ultra-Rich Amid Global Uncertainty 🌍

The ultra-wealthy are increasingly moving their gold offshore as economic and geopolitical uncertainty roils markets — and Singapore is emerging as a favored destination.

➡️ While traditional giants like New York and London still hold the bulk of global gold reserves, new high-security vaults are popping up, from JPMorgan’s silver facility in the UK to The Reserve in Singapore, which can house up to 500 tons of gold.

➡️ Physical gold doesn’t generate income and storage isn’t cheap, but it offers immunity from market crashes, banking failures, and bad debt. For the ultra-wealthy, it’s less about returns — and more about certainty.

CNBC's JP Ong reports.

Read more here: https://cnb.cx/44AbcuF