17:25 - 27.05.2025

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May 27, Fineko/abc.az. The super-rich are increasingly storing their gold in Singapore as global risks and volatility increase under U.S. President Donald Trump, ABC.AZ reports, referring to CNBC.

The super-rich are increasingly moving their gold offshore as economic and geopolitical uncertainty roils the markets and Singapore becomes a popular destination. According to some estimates, gold and silver bars worth approx. $1.5 billion are currently stored there. The vault, known as the “Reserve,” has many private vaults and a high-rise storage room lined with thousands of three-story-high safe deposit boxes.