View full page at metalsmine.com

 

Hong Kong Unrest Sends Gold Investors to Seek Haven in Singapore

From bnnbloomberg.ca

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)

Story Stats

  • Posted:
  • Category: Metals Industry News