| Bullion dealers said that demand for precious metals like investment-grade gold and silver is rising in Singapore -- this is due to the recent weakness in prices as well as tax-exemption in Singapore. Precious metals investors overseas are also looking more to Singapore as a haven to store their hoard.
According to retailer BullionStar, demand has roughly doubled in the first half of this year compared to the same period in 2013. Singapore aims to have a "gold-standard" environment for buying, selling and storing investment-grade precious metals -- typically gold or silver products of close to 100 per cent purity...............................................Full Article: Source
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