Singapore’s Freeport is a highly secure vault located in the city’s Changi Airport. They offer a range of services including storage, shipping, display, and trade of gold/silver and other precious metals.
Indonesia, Thailand Becoming Hubs for Precious Metals
You can spot clear signs of Asia’s gold bullion obsession. Sales numbers show this on the buy-side. Yet it’s even more obvious on the sell-side.
Companies related to selling precious metals and the logistics involved are popping up across the continent. Meanwhile, existing players are heavily expanding.
Indonesia’s government-owned miner PT Aneka Tambang (AnTam), as an example, is opening three new stores in Yogyakarta, Medan and Batam.
AnTam’s director of operations says AnTam keeps track of sales figures in every region they’re operating in. He stated that AnTam’s focus cities are chosen based on local purchasing power and demand.
Furthermore, the Thailand Futures Exchange Index (TFEX) and seven other gold future brokers in Thailand are adding options for gold futures trading. The plan will let investors settle expired contracts with physical gold, adding to the metal’s utility and liquidity.
“It’s an alternative to investors, gold shops, and others who use gold futures to determine the desired future of gold prices, without having to pay in full.” said Kesara Manchusree, managing director of TFEX.
You might wish to consider the rising number of options to purchase store, and invest in gold. Demand in Asia will increase while the region continues grabbing market share from western competitors such as Zurich and London.
We at InvestAsian still believe that some investments, including frontier market property along with a select few stocks, can preserve your wealth even better than gold and silver though.
The easiest or most obvious solution is not always the best one. Global investors now enjoy a greater variety of options than ever before. Think about your choices carefully.
