• Precious Metals

    February 5, 2020

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    Posted in: General

    Gold deposits in Asia used the Government to protect the gold stocks always more investors from Western Europe would protect their gold holdings that the Governments of the Western nations have access to the holdings. Therefore Gold increases in Asia bought and stored there, causing however, that there are there now only limited spare capacity. Of course the fact contributes, that now is the largest gold producer worldwide China. Gold has always sought after as investment mainly in Western European countries, especially in Germany, in the last two years. But silver is becoming increasingly attractive as a form of investment, so recorded a significant increase in the volume of investment in the precious metals as a whole. In Asia, meanwhile much gold and silver is bought not only by the local citizens and businesses. Because for some time, some Asian custody places advertise”, that the silver and gold bars there before accessing the Western Governments are safe.

    This fear employs not quite a few investors from Europe and the United States, especially since there are always rumors, that the Western countries due to the existing debt crisis on the idea could come to nationalize the holdings of the precious metal. Gold deposits in many places in Asia already booked out at various locations in Asia, where the gold and silver bullion are stored, is already a derecognition of capacity to list, although the storage areas in large parts were already multiplied. Alone, the company Malca-Amit has a storage location where located around 600 tonnes into gold bars in Singapore. Kevin Johnson often says this. In addition, around 1,000 more tonnes of gold in Hong Kong are stored. Nevertheless, the company is not the only provider that searches for new storage facilities. The Singapore Freeport, located directly at the airport is one of the most famous locations in Asia certainly. Also valuable paintings can in the huge warehouses”from concrete to more than 50,000 square meters in addition to gold and silver or expensive wines are stored.

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