Seeking Alpha

Reflecting continued strong demand for gold (GLD, IAU) in Asia, UBS opens a 60-ton vault in...

Reflecting continued strong demand for gold (GLD, IAU) in Asia, UBS opens a 60-ton vault in Singapore - the bank's first-ever storage location outside of Switzerland. Deutsche Bank last month opened a 200-ton vault in Singapore as well. The moves also follow the government's decision to scrap a goods-and-services tax on the metal in a bid to boost domestic demand.
From other sites
Comments (7)
  • Henne
    , contributor
    Comments (6) | Send Message
     
    UBS - who one week ago said that gold's relevance was as good as dead - now opens a vault due to strong demand? You gotta be kidding!!!
    2 Jul 2013, 01:01 PM Reply Like
  • Todays Tom Sawyer
    , contributor
    Comments (173) | Send Message
     
    Link please?
    2 Jul 2013, 01:14 PM Reply Like
  • cfg3450
    , contributor
    Comments (85) | Send Message
     
    With the Worlds sovereign debt in many areas and the printing
    pressing going 24/7.
    Seems many of the wealthy are looking
    for a safe place to put some of their wealth.
    That is my best guess...
    2 Jul 2013, 01:15 PM Reply Like
  • james buchanan
    , contributor
    Comment (1) | Send Message
     
    It is just too mind boggling for we common folk. I just take advantage of the "crashes" to buy bullion and HOLD.
    3 Jul 2013, 02:46 AM Reply Like
  • bbiard
    , contributor
    Comment (1) | Send Message
     
    June 25, 2013 - UBS Says QE's End May Render Gold 'Obsolete'. I guess they lik the lower prices --

     

    http://bit.ly/1654HZk
    3 Jul 2013, 08:26 AM Reply Like
  • Todays Tom Sawyer
    , contributor
    Comments (173) | Send Message
     
    Wow! Thanks!

     

    Now the question is why UBS contradicts itself? Conspiracy theories welcome!
    4 Jul 2013, 02:02 PM Reply Like
  • skaindu
    , contributor
    Comments (4) | Send Message
     
    http://on.wsj.com/1655n0S
    3 Jul 2013, 08:29 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs