Hong Kong unrest sends gold investors to seek haven in Singapore

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Rising violence in Hong Kong is likely to undermine investment there, with Singapore a probable beneficiary. YahooFinance

J. Rotbart & Co., which helps customers buy, store and transport precious metals, says they have seen an increase in demand for gold storage in Singapore from new clients -- even when they’re based in Hong Kong or mainland China.

“Some clients are afraid of PLA intervention in Hong Kong, or of another closure of the airport, which will make it difficult to move their gold out of the city, as gold is shipped on commercial flights,” said Rotbart.

 

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