GoldMoney expands gold and silver storage facilities in Singapore
Growing demand to store gold and silver in Singapore has led GoldMoney, a leading provider of physical bullion, to offer a second vault facility in the city state – this time partnering with global secure-storage firm Malca-Amit. This brings the total number of vault operators GoldMoney is utilising around the world to five.
The new Singapore vault offers GoldMoney customers among the most competitive storage rates, with 0.12% per annum charged for gold storage and 0.49% per annum for silver, decreasing to 0.39% for silver holdings over 50,000oz.
This latest vault opening comes on the back of a number of new initiatives to support customer demand and improve the transaction process. At the VIA MAT vaults in Hong Kong, Switzerland and the UK, GoldMoney has reduced its gold storage fees by a third, with customers now charged just 0.12% per annum. In addition to the new pricing structure, as part of a new product offering, customers can now also purchase – and either store or have delivered – 100g and 1kg gold bars, and 1kg silver bars.
Commenting on the new vault and recent product developments, CEO Geoff Turk said: “Storage in Singapore has been very popular, and due to demand we are increasing capacity through this new vault. Our partnership with Malca-Amit means we have further diversified our vault operators. We listen to the needs of our customers and in doing so we have grown into a full service bullion company, catering for the requirements of those seeking to protect their wealth and offering competitive market prices.”
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Pelham Bell Pottinger
GoldMoney is the world’s leading provider of gold, silver, platinum and palladium for retail and corporate investors. Via the company’s online platform, customers can buy, store and sell precious metals easily and securely, 24 hours a day. Visit www.goldmoney.com.
Since 1963, Malca-Amit’s expert knowledge, integrated solution technology and ground-breaking capabilities have enabled its clients to achieve maximum efficiency when dealing with the movement of their precious assets. With offices in over 30 countries, the company’s team of logistics, security, custom brokers and special operations experts are on hand around the clock to ensure a smooth, expedient and professional service tailor-made to exacting demands. From secured door-to-door delivery, bonded warehousing, customs brokerage service, guarding and more, Malca-Amit provides the breadth of service for all those dealing in precious commodities.