04-06-2025
Rs 120000000000 hidden in this building, looks like a matchbox but..., rich people crazy for it because....
Rs 120000000000 hidden in this building, looks like a matchbox but…, rich people crazy for it because….
There are some buildings that do not at all look attractive from the outside, but from the inside, they can astonish anyone with their lavishness. Similarly, a 6-storey building, which is located in Singapore, may look like a matchbox, but inside it, a tremendous amount of treasure is hidden that would take years to count. The building is so important that the lives of several billionaires from all over the world are connected to it. Let's know more about this structure. Why Is This Building So Special?
The building we are talking about is a storehouse of gold. The rich from across the world store their gold here. This structure which has become the first choice of the billionaires of the world, is – The Reserve of Singapore. The rich are keeping their gold and silver safe in the high-security vault installed in this building. As people are turning to physical gold. It is not so safe to keep gold and silver in homes, so people are turning to The Reserve. Who Is The Owner Of This Building?
Amid global instability and declining confidence in traditional banking, wealthy people are majorly storing gold reserves internationally. Due to which Singapore's The Reserve building experiencing a surge in demand.
This highly secure facility is owned by Gregor Gregersen and managed by Glenreagh. The structure offers private vaulting services for its exclusive customers. The building's gold and silver storage orders have risen by 88 percent, while sales of gold and silver bars have doubled year-on-year. This trend indicates The Reserve's increasing importance as a safe haven for high-net-worth people's assets. What Is The Value Of This Building?
A building containing USD1.5 billion (approx Rs 12,000 crore) worth of gold and silver employs extremely stringent security measures. These measures, designed to prevent even the slightest unauthorised movement, include biometric access, constant surveillance, and advanced climate control systems to ensure the complete safety of the precious metals like gold.
