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Showing posts from July, 2010

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Singapore Eyes Gold Vault Expansion to Compete as Global Bullion Hub

Singapore is exploring plans to expand its gold storage capacity as it seeks to position itself as a  major global bullion trading hub , targeting central bank reserves and institutional flows. Strategic Push Into Bullion Market Authorities are evaluating potential sites — including areas near  Changi Airport  — to enhance  vaulting infrastructure for gold storage , according to sources familiar with the discussions. The  Monetary Authority of Singapore  confirmed it is  considering the use of existing facilities for gold vaulting , though it stopped short of confirming expansion plans. The move aligns with Singapore’s broader ambition to strengthen its role in  precious metals trading and financial services . Targeting Central Banks and Institutional Demand A key objective is to attract  central banks , which collectively hold around  39,000 tonnes of gold , accounting for roughly  18% of global supply , according to the World Gold...
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the $600billion challenge

If you have heard about it, then you will probably know that the $600 billion challenge is an attempt to change the world. That is the challenge and campaign kick off by one of the most influential person on Earth in the technology era, Bill Gates. Bill Gates, Melinda Gates and Warren Buffet are asking the billionaires in the country to give away at least half of their net worth for charity, whether while they are alive or at their death. Through this, I also learn about the term philantrophy, which is an effort to change and increase the well being of mankind. I think the effort made by the trio are worth mentioning in this blog because even though money is important for usage, we must learn the need to share with those in need. Hopefully, this will help to inspire more of us to see beyond our own environment and look into the lives of others.
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