Why the World’s Wealthiest Are Sending Their Gold to Singapore | WSJ

As gold prices surge to a record $4,000, more of the world’s wealthiest from places like Europe, the U.S. and Australia are storing their gold in Singapore in vaults like The Reserve. Located near Changi Airport, this massive vault can store up to 500 tons of gold, worth about $64 billion. But why are people increasingly turning towards Singapore to store their wealth?

The WSJ secured rare access inside one of the world’s largest bullion valts–part of Singapore’s drive to become a global gold hub.

Chapters:
0:00 Gold’s demand
1:01 Why Singapore?
3:04 Vault security
3:39 How much gold is in the vault
5:09 Why invest in physical gold

News Explainers
Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.

#Gold #Singapore #WSJ