By establishing our 630 ton capacity vault in Singapore, removing middlemen and eliminating ties to Western jurisdictions, we ensured that Singapore jurisdictional protections are not undermined by foreign regulatory ties in the event of foreign gold nationalizations.
There was a definite trend change in precious metal sentiment and investment demand in June as the market senses financial turmoil on the horizon. Each day we see another announcement from Main Stream financial sources warning of upcoming systemic risk in the markets.
One of America’s most notorious bank robbers, Willie Sutton (1901-80), is said to have remarked that he robbed banks “because that’s where the money is.” In a strange twist, the banks themselves are now beginning literally to rob their own customers.
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