Latest news with #GregorGregersen
News18
11-06-2025
- Business
- News18
World's Richest People Have Hidden Rs 12,500 Crore Worth Gold In This Building
Last Updated: Singapore has increasingly earned the moniker "Geneva of the East", standing shoulder to shoulder with Switzerland as a preferred safe haven for the elite Ever wondered where the ultra-rich stash their treasure troves of gold? While most of us are content locking up our jewellery in bank lockers or home safes, the world's wealthiest individuals rely on something far more secretive, secure, and sophisticated – a facility in Singapore known simply as 'The Reserve". Tucked away near Singapore's Changi Airport, 'The Reserve" is a discreet six-story fortress that houses gold, silver, and other precious metals worth a staggering Rs 12,500 crore. This high-security building is not open to the public and operates as a private vault facility, providing top-tier safekeeping to global billionaires, investment moguls, and high-net-worth individuals (HNIs). Founded by Gregor Gregersen, the facility is managed by his company Silver Bullion, which has emerged as a trusted name in physical wealth protection. Inside, thousands of vaults and lockers are sealed within thick concrete walls, offering clients not just security, but complete discretion. In fact, from January to April 2025 alone, the demand for storing valuables at 'The Reserve" has shot up by 88%, a reflection of how geopolitical and economic instability is reshaping how the ultra-wealthy view traditional banking systems and investment instruments. Singapore has increasingly earned the moniker 'Geneva of the East", standing shoulder to shoulder with Switzerland as a preferred safe haven for the elite. With its robust legal system, political neutrality, and financial transparency, Singapore has become a global hotspot for wealth preservation. Why the shift? The answer lies in global anxiety. Trade wars, inflation fears, and banking collapses in several nations have shaken investor confidence. In countries like Lebanon, Algeria, and Egypt, where banking systems have buckled under economic pressure, many wealthy individuals now prefer storing their wealth in tangible assets, especially physical gold, rather than entrusting volatile banks or paper-based financial instruments like ETFs and mutual funds. The logistics of moving and storing gold internationally are no small feat. From transportation and insurance to high-end security, the costs are steep. That's why facilities like 'The Reserve" primarily cater to long-term investors, those who don't just see gold as a commodity, but as an anchor of financial survival in uncertain times. The vault's location also plays a critical role. With low crime rates, neutral foreign policy, and tight regulatory control, Singapore has positioned itself as an oasis of stability, a magnet for those looking to protect not just wealth, but legacy. As central banks in Asia reconsider monetary policy amid inflation concerns, Singapore's recent move to lower repo rates has only increased its appeal as a destination for asset storage and global investment. While this level of financial protection may seem like a luxury, to the world's richest, it's a strategic safeguard. As the global financial climate grows more unpredictable, secure storage of real, physical assets is no longer an indulgence; it's a necessity. First Published: June 11, 2025, 13:51 IST
India.com
04-06-2025
- Business
- India.com
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.
India.com
30-05-2025
- Business
- India.com
World's richest are storing their gold in a building due to..., the six-storey building has treasure worth Rs 120000000000, it is located in...
(Representational image/AI generated) New Delhi: Did you know that these days, the wealthy are storing their gold in Singapore? Amidst international uncertainties, diminishing trust in banks, and geopolitical tensions, the world's rich are now keeping their gold not in bank lockers but in secure vaults abroad. The biggest beneficiary of this trend is Singapore, which is becoming the 'Geneva of the East' for high-net-worth individuals (HNWIs) worldwide. According to a CNBC report, 'The Reserve', a six-story private vault near Singapore Airport, currently stores approximately $1.5 billion (around Rs 12,500 crores) worth of gold and silver bars. This building, covered with onyx, features top-notch security and contains thousands of safe deposit boxes and a vast storage chamber. According to the founder, Gregor Gregersen, orders for gold-silver storage have increased by 88% between January and April 2025, while gold-silver bar sales have seen a 200% year-over-year growth. Why is this trend of gold changing? Trust crisis: Wealthy individuals in countries like Lebanon, Algeria, and Egypt are losing faith in their banking systems. Inclination towards physical gold: Gregerson states that people now consider holding physical gold more secure than paper gold (ETFs, mutual funds) as it carries less counterparty risk, or the risk of default from a third party. Lessons from the banking crisis: The 2023 Silicon Valley Bank crisis made many wealthy investors realize that it's better to hold actual gold physically in a reliable location rather than relying on paper claims. Why is Singapore becoming the first choice? Political stability: Singapore is considered a 'safe jurisdiction,' much like Switzerland once was. Transit hub: It serves as an important transit center, making the import and export of gold easier. Bank-free storage: John Reed from the World Gold Council mentions that some investors now prefer to store gold outside of banks, as they feel the banking system is not completely secure anymore.
CNA
26-05-2025
- Business
- CNA
Silver prices up 14% so far in 2025 in catch-up game with gold
SINGAPORE: Silver prices have surged 14 per cent so far this year, driven by industrial use in growing sectors like electronics and renewable power. But investors are also turning to the precious metal as the price of gold soars to record highs on the back of global economic uncertainty. Already, the Singapore Bullion Market Association (SBMA) said it has seen more investments in silver over the last quarter. 'Allocating gold as an asset class to the portfolio is a norm. But as the price of gold increases … some people are looking at silver as an alternative to be included into their portfolio,' said its CEO Albert Cheng. Currently, the gold-to-silver ratio is at about 100, meaning one unit of gold is worth 100 units of silver. '(The ratio) is extremely high, which basically means silver is extremely cheap,' said Mr Gregor Gregersen, founder of The Reserve – a high-capacity vault for the storage of gold and silver in Changi. 'We have had clients buying 30 to 40 tonnes of silver, some coming in by container ... they're holding it long term (to) switch between physical silver and physical gold (in the future).' He told CNA938 that such investors typically wait for the gold-to-silver ratio to readjust before switching their assets, with gold usually preferred as it is less volatile than silver. Market watchers expect that the price of silver will keep pace, bringing the ratio closer to the 40-year average of about 70. SILVER USE IN INDUSTRIES About 60 per cent of silver in the market is used for industrial production, while 10 to 20 per cent goes to investors. Demand on both sides has been on the rise. The rest is used in jewellery, silverware and for other purposes. Considered an excellent conductor of electricity, silver is sought after in sectors such as electric vehicles, semiconductors and artificial intelligence technology. The rapid growth in such industries with a high usage of silver has fuelled concerns that it could cause a deficit in the precious metal and fuel strong price appreciation. For instance, silver is an indispensable resource in the production of renewable energy systems like solar panels. It is used in thin wires running down each grid that collect and transport electrons generated by sunlight. Unlike other metal electrical conductors such as copper, it does not rust and decay – making it the preferred choice. According to the World Silver Survey, demand from the solar panel industry has surged close to 139 per cent over the past decade. But supply is struggling to keep up, with mine production down some 7 per cent. 'Silver is used a lot in our busbar. If we (have) a shortage, then this will disrupt the whole solar industry,' said Larry Zhang, senior business development manager at JA Solar. To mitigate disruptions, the Beijing-headquartered solar development firm said it has secured partnerships with suppliers to ensure a steady flow of material for its panels. HOW DEMAND COULD BE AFFECTED While demand for silver is expected to stay strong, a weaker economic outlook could change things for the precious metal. Dr Tan Kee Wee, an economist at the Singapore Precious Metals Exchange, said that in a downturn, consumers stop purchasing big ticket items like cars or solar panels, driving down demand for the metal and causing prices to fluctuate. 'The health of the global economy affects the price of silver,' he said. 'Whereas (for) gold, usually even when the whole world goes into a downturn, the price of gold will not drop (as drastically).' For investors, silver has delivered an approximate price return of 20.3 per cent in the past two years, despite being more volatile than gold. But whether silver or gold, market watchers believe investors will continue to flock to safe haven assets as long as instability prevails in the global economy. 'Precious metal is often termed as a crisis commodity because it reacts as a hedge against uncertainty,' said SMBA's Mr Cheng. 'With the uncertainty in the macro environment and tariff war still ongoing, I would say that gold will continue to perform well in the coming few quarters. With this as a backdrop … silver will continue to behave in the same direction as gold.'
CNA
23-05-2025
- Business
- CNA
CNA938 Rewind - All that glitters is… silver?
CNA938 Rewind Gold has taken centre stage, outperforming many other major assets. But silver is also quietly carving out its own niche. From January 2023 to December 2024, silver has delivered a price return of 20.3 percent. Increasingly, silver is turning into a compelling asset that can shine in various market conditions. Andrea Heng and Hairianto Diman look at what's propping silver up and whether it will continue to gain traction with Gregor Gregersen, Founder of Silver Bullion.
