It has been reported that high net worth individuals have bought gold by the ton and had it delivered to places outside of the financial system….
This, along with the Japanese cutting their rates down to zero, would explain the rapid rise today in gold prices.
Since the swiss have opened up their books amid international preassure, the new safe haven for the extremely wealthy will be Singapore. Singapore has provided a home for assets in a duty free zone next to the Changi Airport. Named accordingly, Singapores Free Port will provide tax free storage for assets of the super wealthy.
The facility is aiming to take over the private banking sector of the world, already being filled by former Swiss accounts.
The Free Port in Singapore will also be the home of JP Morgans new gold vault that was recently opened.
Three resources are listed below regarding the information disucussed here.
Once again, get some gold home! Gold that you can touch and feel, not a piece of paper that promises a portion of gold that will be mined in two years. Physical gold delivery is the true test of any precious metals dealer. How fast can they get the metal home to you, and how big of an order can they fill. We invite you to challenge our sources and have some gold bars delivered to your bank for pickup.
Complete the form to your right and a gold trader will be in touch with you to arrange a delivery of physical metal. Global power and wealth is shifting, don’t get caught in the storm without an umbrella
The Singapore customs site can be accessed here;
WSJ article here:
Laura MacInnis reports for Reuters: Gold Purchases By The Ton