SINGAPORE – Singapore is considering additional gold storage space to accommodate other central banks’ holdings, as part of a broader push to establish the nation as a bullion trading hub.
The city state is evaluating potential locations, including a plot of land near Changi Airport, according to people with knowledge of the matter, declining to be named as the discussions are confidential.
The central bank “is considering the use of our existing facilities for the vaulting of gold,” a spokesperson from the Monetary Authority of Singapore said in response to queries, but didn’t comment on whether it would enlarge its vault.
