http://www.mineweb.com/mineweb/content/en/mineweb-political-economy?oid=199999&sn=Detail
Australia’s ANZ bank is the latest to open a gold vault in the Singapore
Freeport area next to the city state’s Changi airport. Other recent
vault builders there include Deutsche Bank and JP Morgan, while
Switzerland’s Metalor has one under construction and due to open in a
couple of month’s time. Together with new gold vault openings in Hong
Kong this is yet another outward sign of the continued flight of gold
from West to East, although the vaults are also servicing western
precious metals investors seeking safe, and relatively low cost vaulting
facilities outside of the traditional depositories in the U.S. and
Europe.
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