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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Singapore has golden ambitions

Posted on 01 October 2012

Singapore has emerged as one of the world’s hubs for private banking for the wealthy, and now it is making a play to become the Fort Knox of Asia.
Starting Monday, the Southeast Asian city-state is scrapping a 7% tax on gold and silver in an effort to turn the city into a precious-metals trading hub to rival London and Zurich, where value-added taxes don’t apply to the investment-grade gold trade………………………………………..Full Article: Source

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