What if the US or any other foreign authorities request/demand from Singapore to pass personal account information or even ask Singapore authorities to confiscate gold of US citizens?

Firstly, Silver Bullion Pte. Ltd. is a Singapore company and therefore we fall exclusively under the Singapore jurisdiction. As such we are under no obligation to answer to any requests from any international body or institution unless directly ordered by Singaporean authorities.

As for Singapore and its ability to protect its values and its sovereignty, here are the two examples that might better explain Singapore’s willingness to stand up to international pressure.

The first was the Michael Fay graffiti case of 1994, where then President Bill Clinton and a group of US senators tried in vain to prevent Michael Fay from being punished according to Singapore laws. Read about it here.

The second case was more recent; in 2015 and 2016, when Singapore authorities shut down the operations of two major Swiss banks - BSI Bank and Falcon Private Bank, for their involvement in Malaysia’s 1MDB corruption scandal. Read about it here and here.

Singapore’s success story, as claimed by its modern founding father, late Lee Kuan Yew, is based on confidence. Therefore, as it was clearly illustrated in the two examples, Singapore will even stand up to strongest nations and risk losing big businesses in order to keep the confidence in its rule of law, political and financial stability and protection of private property rights. Singapore has no natural resources, no large population and the betrayal of this confidence would therefore mean an economic suicide.