Silver as an investment

WealthCycles: Singapore’s ‘New Switzerland’ Status Signals Global Shift From Paper to Gold

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

Singapore is being touted as the “new Switzerland” of banking and wealth management, the beneficiary of geography and a new global trend to crack down on bank secrecy. Now the nation-state appears to be enhancing its position by becoming an attractive haven for the ultimate wealth: gold. Singapore’s transformation signals a global shift, as the center of wealth and power migrates from West to East, out of paper and into physical.

As CNBC reported in June, Singapore is the fastest-growing wealth center in the world, with $550 billion in assets under management ($450 billion of which are off-shore owned), up from $50 billion in 2000, and is projected to become the world’s largest center of off-shore wealth by 2020, according to London-based research firm Wealth Insight.

Switzerland’s current $2.1 trillion in assets under management, representing 34% of total global wealth, far transcends Singapore-sited wealth today.

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