A precious metals exchange has just been set up in Singapore by a Malaysian to help gold, silver and platinum bullion collectors not only to store their hoard but also to buy and sell such physical assets quickly and discreetly.

KEEPING gold bars and other precious items has reached a new level of sophistication in this region, with the launch of a storage facility in Singapore that offers clients anonymity as well as speedy transactions.

“The minimum deposit value in this bonded warehouse set-up is only US$1mil,” said Singapore Precious Metals Exchange Pte Ltd (SGPMX)founder and chief executive officer Victor Foo, 42.

“Of course, our clientele has much more than that to deposit,” added the Malaysian entrepreneur in an exclusive interview with The Star.

Original Article – The Star