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General vaulting questions:
The Singapore vaults are run on our behalf by Brink's for gold and Loomis International for silver. Only our vault operators ever handle BullionVault bullion.
A section of Brink's Singapore vault is reserved exclusively for BullionVault customers. Your gold is there.
A section of Loomis International's Singapore vault is reserved exclusively for BullionVault customers. Your silver is there.
The Singapore vaults operate under Singapore jurisdiction.
The Singapore gold vault stores 400 troy oz (12.4kg) London Good Delivery bars. They have a minimum assayed purity of 99.5%. Your gold balance on BullionVault consists of the 100% pure content of those bars, which is calculated by multiplying each bar's gross weight by its measured purity.
These bars are the acceptable form for dealers in the Singapore bullion market.
The Singapore silver vault stores 1,000 troy oz (31.1kg) London Good Delivery Bars. They have a minimum assayed purity of 99.9%. In line with standard bullion-market practice, BullionVault accounting units of silver are expressed in gross weight, not fine. They are denominated in kilograms and grams.
These bars are the acceptable form for dealers in the Singapore bullion market.
Sitting between India and China, the world's top two gold consumer nations, Singapore is one of the world's very busiest ports. The city state has good claim to being Asia's major trading hub. Situated at the southern tip of Malaysia, near the Straits of Malacca which connect the Indian Ocean with the Pacific, the island republic is widely recognised as friendly to business, with a light tax regime, political stability, and strong property rights.
Singapore's crime rate is very low, and its citizens are very wealthy, with the third highest GDP per head in the world. The Singapore government is a net overseas creditor. It runs a structural surplus between its revenues and its spending each year.
For both gold and silver, BullionVault's dealing and storage fees are the same as for the other BullionVault locations. Trading of Singapore gold and silver is available 24/7.
BullionVault Ltd © 2024
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