Do you invest in physical precious metals through GoldRepublic and would you like to store your gold or silver in another part of the world? Then Singapore may be an attractive choice, thanks to a different time zone and its own jurisdiction outside the EU. Soon you will be able to choose this storage location in Asia through GoldRepublic. Diversify your investments by storing them in a city-state that is internationally recognized as a precious metals hub with a reputation for stability and legal certainty.
Storing your investment gold or silver in Singapore offers several advantages:
In a short time, Singapore has developed into one of the leading centers for precious metals storage in Asia, with a strong reputation for security and stability.
Singapore is recognized worldwide for its stable political environment, reliable regulatory framework, and strong protection of property rights.
Deliberately store part of your holdings outside European politics and economics.
Once in the vault, your holdings remain under independent oversight. The periodic physical inspection is carried out by Alex Stewart International (ASI), a globally recognized authority in precious metals audits. ASI verifies and certifies that every bar matches the stated specifications and weights exactly. The audit is independent of both GoldRepublic and vault custodian Loomis, and is therefore carried out on a fully independent basis.
As soon as Singapore opens as a vault location, you will find the bar allocations of all GoldRepublic customers here, listed under their anonymous nicknames. In that overview, you can then verify that all precious metal is present in the vaults and that no more grams have been allocated to a bar than the bar's total weight.
Curious what that looks like in practice? Take a look at the Zurich vault audit as an example. Singapore's own vault audit page will become available as soon as the location opens.
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If you invest in gold or silver through GoldRepublic and choose Singapore as your storage location, transport is carried out according to military protocols by Brink’s or Loomis . Both carriers transport precious metals directly from the refinery to the storage location in Singapore.
Gold or silver stored in Singapore is held by a professional, independent vault custodian: Loomis.
You can count on:
The costs of precious metals storage in Singapore are calculated as a fixed annual percentage, based on the current value of your precious metals. This calculation is prorated, and costs are settled monthly in arrears. You can find the current rates per metal and per location on the pricing page.
The costs of external, independent custody are generally somewhat higher than storage with parties that operate their own vaults. This is the price of demonstrable independence and the integrity of your assets.
per year for gold
per year for silver & platinum
Insurance against theft and damage is included in the storage costs.
In Singapore, too, GoldRepublic works exclusively with renowned international partners. Each partner has its own role in the chain: from transport and storage to independent inspection and insurance. Click on a partner for more information.
Singapore is interessant voor wie vermogen ook buiten Europa wil spreiden. Voor het spreiden van locatierisico is Singapore met name interessant omdat het op een ander continent ligt en onder een eigen rechtsgebied buiten de EU valt.
Yes, all bullion purchased through GoldRepublic and stored in Singapore is fully insured from the moment of purchase against theft, loss and physical damage.
You remain the full owner of the bullion you buy through GoldRepublic and store in Singapore. Your holdings sit off the balance sheet of GoldRepublic and of the vault custodian, which means your wealth remains protected and claimable even in the event of a bankruptcy of these parties.
Once Singapore has opened as a vault location, you will find the address of the vault location in the official inventory lists of the independent vault custodian. Through the public vault audit you will then also be able to verify for yourself that your gold or silver is present and correctly allocated.
As soon as you choose Singapore as your storage location, you can use the public vault audit to verify anonymously that your bars are present and correctly allocated. In addition, independent external auditor Alex Stewart International periodically checks the physical contents of the vault and reconciles them with the records.
Investment gold and silver meeting the Singaporean definition of investment precious metals are exempt from GST locally. Nor do you pay VAT on gold and silver that you have stored in Singapore. As a US taxpayer you report your holdings according to US rules, regardless of where they are stored. We are not tax advisers; for your specific situation, please contact our customer service or a tax adviser.
Changing your storage location is possible in many cases, for both gold and silver. This always runs through our customer service and involves additional costs. Please get in touch to discuss the options for your situation.
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