Singapore becomes gold haven for the ultra-rich amid global uncertainty

  • The ultra-wealthy are increasingly moving their gold offshore as economic and geopolitical uncertainty roils markets — and Singapore is emerging as a favored destination. \u27a1\ufe0f While traditional giants like New York and London still hold the bulk of global gold reserves, new high-security vaults are popping up, from JPMorgan's silver facility in the UK to The Reserve in Singapore, which can house up to 500 tons of gold.