Singapore is attracting the world’s ultra-rich investors, with several high-net-worth individuals opting to store their gold and silver in the country due to its reputation as a safe jurisdiction with relative political and economic stability. The rise of gold investments has been driven by growing concerns over global risks and volatility, including US-China trade tensions and market fluctuations.
According to industry watchers, wealthy investors are increasingly preferring physical gold bars over paper, citing lower counterparty and geopolitical risks. This trend is attributed to the Silicon Valley Bank crisis, which highlighted the need for secure allocation of assets. The World Gold Council’s chief market strategist, John Reade, notes that some holders of physical precious metals prefer to store gold with entities not banks.
Singapore’s role as a key transit hub makes it an attractive destination for the ultra-rich to park their gold. The country’s reputation as a safe haven has drawn investors seeking refuge from economic and geopolitical uncertainty. With $1.5 billion worth of gold stored in “The Reserve” facility, Singapore is emerging as a favored destination for high-net-worth individuals looking to diversify their assets.
While the benefits of storing physical gold are clear, some experts caution that vaulted gold may not be suitable for short-term investors due to higher transaction costs. Nonetheless, Singapore’s unique blend of safety and convenience has made it an attractive option for ultra-rich individuals seeking to secure their assets amidst a volatile global landscape.
Source: https://www.cnbc.com/2025/05/27/the-ultra-rich-are-moving-gold-to-singapore-as-global-risks-mount.html