Asia's Fort Knox: First The World's Rich, Now Its Central Banks Are Sending Their Gold To Singapore

Summary

Asia's Fort Knox: First The World's Rich, Now Its Central Banks Are Sending Their Gold To Singapore For three years the gold story was about who was buying. In 2026 it has become a story about where the metal sleeps at night. On Tuesday the Monetary Authority of Singapore opened its national currency vault, with room for 500 tons of bullion , to foreign central banks and sovereign entities, and threw in a tax break for the wholesale gold trade to sweeten the deal. The launch lands three weeks after Bloomberg reported that wealthy American, European and Middle Eastern investors are already…

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