19 Aug The Bloomberg Interview: Hong Kong Unrest Sends Gold Investors to Seek Haven in Singapore
Earlier today our Managing Director, Mr. Joshua Rotbart, was interviewed by Bloomberg correspondent, Ms. Ranjeeta Pakiam, regarding the impact that the recent protests in Hong Kong are having on the gold market for gold investors.
Here’s a quote from the Bloomberg article: “…
Hong Kong Unrest Sends Gold Investors to Seek Haven in Singapore / Ranjeetha Pakiam
Escalating political turmoil in Hong Kong is spooking some gold investors.
Gold Investors: increase in demand for gold storage in Singapore from new clients
J. Rotbart & Co., which helps customers buy gold, store and transport precious metals, says it has seen an increase in demand for gold storage in Singapore from new clients — even when they’re based in Hong Kong or mainland China. In the last 10 weeks, the breakdown of requests has skewed to around 75% for Singapore and 10% for Hong Kong, compared with a split of about 50-35 previously, said Joshua Rotbart, who runs the bullion house, which services high net-worth individuals, from Hong Kong…”
Read the full story on Bloomberg.com