Rich investors flock to Singapore to store gold amid global instability

Singapore has emerged as a preferred destination for wealthy investors looking to store their gold, particularly amidst rising economic and geopolitical uncertainties. This trend has been particularly noticeable from the start of 2025 to April 2025, during which The Reserve, a precious metals repository, reported an 88% increase in orders for gold and silver storage. Gregor Gregersen, the founder of The Reserve, highlighted that 90% of these new orders are coming from investors located outside Singapore, seeking the stability and security the nation offers. The rising costs and demand for precious metals, coupled with increasing distrust in banking systems, have led investors to prefer physical gold bars over paper. Recent events, such as the Silicon Valley Bank crisis in 2023, have pushed individuals toward owning physical assets to mitigate counterparty risks. Investors are prioritizing the direct ownership of gold bars as a safer alternative to paper claims or pooled reserves, which could be vulnerable in financial downturns. Experts have noted that in regions with less reliable banking systems, such as Algeria or Lebanon, wealthy individuals are particularly motivated to physically hold their assets rather than trust any local banks. The allure of Singapore lies not only in its political and economic stability but also in its position as a key transit hub in Southeast Asia. This advantageous location facilitates easier access for high-net-worth individuals looking to both store and retrieve their gold. In addition to the convenience of vault storage, Singapore’s reputation as a trustworthy jurisdiction enhances its appeal for wealthy investors. While Dubai also serves as a popular alternative for gold storage, logistical challenges and higher levels of required documentation make Singapore a more attractive option for volatile economic times. In conclusion, with gold prices skyrocketing to near-record levels, the demand for physical gold as a safe asset continues to rise. The strategic movement of wealth towards reliable jurisdictions like Singapore signals a broader trend among the ultra-wealthy to safeguard their investments against economic unpredictability and instability in financial markets. As a result, such trends could reshape how and where future investments in precious metals are made.