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Hong Kong Unrest Sends Gold Investors to Seek Haven in Singapore
Escalating political turmoil in Hong Kong is spooking some gold investors. J. Rotbart & Co., which helps customers buy, store and transport precious metals, says they have seen an increase in demand for gold storage in Singapore from new clients -- even when they’re based in Hong Kong or mainland China. In the last 10 weeks, the breakdown of requests has skewed to around 75% for Singapore and 10% for Hong Kong, compared with a split of about 50-35 previously, said Joshua Rotbart, who runs the bullion house, which services high net-worth individuals, from Hong Kong. Protests that started in early June against a bill ... (full story)