2:39 p ET Monday, December 11, 2017
Beloved Friend of GATA as well as Gold:
Bullion Star, headquartered in Singapore, today states on the city-state’s great advantages for gold investors.
Bullion Celebrity writes: “In addition to the goods-and-services tax exception on financial investment priceless metals, there are a variety of other jurisdictional advantages that have sustained the growth of Singapore as a gold trading as well as storage space center as well as that strengthen the reasoning for purchasing gold and saving gold in Singapore.
… Dispatch proceeds listed below …
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are nothing else taxes when purchasing gold, silver, or other rare-earth elements. This means no capital gains tax obligation, nothing else sales tax obligation, no death tax– in other words no tax obligations. There are no reporting requirements when purchasing or marketing gold or silver or various other precious metals in Singapore. This means no coverage demands to any type of Singaporean authority as well as no coverage needs to any kind of worldwide authority.
“There is no goods-and-services tax when importing gold and various other rare-earth elements into Singapore, or when exporting gold or other priceless steels abroad.
“Singapore is likewise famous for its strong guideline of law, making the nation among the best and most safe countries to acquire and save gold. In taking distribution or marketing valuable metals, it is fairly secure, in addition to the usual preventative measures, to walk in as well as out of bullion supplier stores in Singapore lugging your rare-earth elements.
“Furthermore, the Singapore legal system is really protective of private home legal rights, and the country of Singapore has strong armed forces capacities. Both variables are assuring when storing gold or silver in the city-state.
“Lastly, because it’s a growing gold trading center, with a buoyant wholesale and also retail bullion market, Singapore has an extremely strong gold storage and rising framework, as well as is quite possibly serviced by safe transport firms.”
Bullion Celebrity’s discourse is headlined “Gold Demand in the Singapore Bullion Market” and it’s posted here:
https://www.bullionstar.com/blogs/bullionstar/true-state-singapore-gold-… CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Board Inc. CPowell@GATA.org!.?.! * * * Aid keep GATA going: GATA is a civil
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