Investing in gold, silver, platinum, and palladium has always been a popular hedge against inflation since the existence of humankind. It is perhaps the only commodity to have endured so many civilisations and retain its price value higher than anything else.
Investment in precious metals is the most secure way of growing your money and earning a lucrative profit over the years. However, most novice investors don’t know that gold is a highly strategic asset. The idea of purchasing gold needs to be well-planned, from the quantity you are willing to buy to the place you are considering buying it from.
Investors are more likely to find gold bars at great price in Singapore than in any other country in Asia as well as Europe. Singapore’s geological positioning in Asia is a huge factor that makes it the ultimate investment place. People do not only buy gold for investment purposes but also for cultural reasons. They extensively use that metal for jewellery, decorative items, and currency.
Deciding which place is the best to invest in some precious metals can be intimidating and confusing. Therefore, here is a list of reasons you must consider investing in gold in Singapore to make the most of your investment experience!
Table of Contents
Reasons Why Singapore Is the Hub for Investing
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Relaxation from Taxes
One of the greatest reasons that make the country the most investment-friendly place to invest in is its tax-free policy for investors. In order to grow economically, the government of Singapore enacted policies such as Investment Precious Metals (IPM).
This policy is typically to muster the attraction of foreign investors. It allows people to invest in precious metals without paying any taxes, such as Goods and Services Tax (GST). The country also allows its investors to import and export all physical forms of precious metals, such as gold bars, coins, or rounds, without taxing a single dollar.
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One of the Most Protected Areas in the World
Singapore is hell-bent on establishing itself as the finance capital of the entire world. It is working day and night to improve its technologies as well as security to reach its goal. It is ranked as the seventh nation in the world in terms of security and rate of crimes.
Singapore has surpassed countries such as Canada, the United States, Germany, the United Kingdom, and the Netherlands in terms of a secure and well-protected nation. Investing in such a country ensures that your metal is in safe hands and significantly reduces the possibilities of losses.
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Numerous Investment Methods
One of the specific reasons for investing in Singapore is that it offers potential investors a wide range of investment methods such as bars, bullion stacking, gold certificates, Exchange-Traded Funds (ETF), jewellery, stocks, and Gold Linked Notes (GLN).
One can easily choose their investment method according to one’s liking from the various options provided by the government of Singapore.
Conclusion
Singapore is the ultimate stop for every investor looking to purchase or store their gold coins, bars, rounds, or ingots. It is well-equipped with the finest technologies to efficiently complement the procedure of investment. Additionally, it guarantees its foreign investors and money builders the security of their precious metals with state-of-the-art storage facilities protected by advanced, trained, armed personnel.
The country is well-known to have built a complex infrastructure of trading and storing that effectively complements the needs and requirements of potential and existing investors.
