When it comes to Asian countries with an interest in gold, often focus on China and India as the largest market in the region. Occasionally remember about Thailand or Vietnam, often quite unfair forgetting one of the most important trading platforms and storage centers of precious metal in Southeast Asia - Singapore. Lion City and its government most actively encourage Bullion Market to open there the company to carry out transactions with gold and store it in the territory of Singapore.

Probably Singapore at the current time is the best country in the world to carry out transactions of purchase and sale and storage of precious metals. Ease of doing business, protection of property rights, absence of corruption, as well as a variety of conditions conducive to the development of this sector of the economy, which will continue to be involved, make Singapore one of the best places on the planet.

In Singapore, there are no taxes on transactions with precious metals. This clearly shows that, in contrast to many other countries, management authorities of this country are well versed in the matter, and understand the essence of what it represents gold. That's why they do not take taxes for transactions secured with hard cash.

For the precious metal can be calculated in cash. As a result, there is no risk of the counterparty. There is no need to rely on someone and his integrity. Precious metal against cash currency or vice versa. There are no restrictions.

Given the low crime rate payments for physical metal cash currency does not represent any problem, since violent offenses in Singapore virtually none. It is a reliable and safe country where the law is there to protect its citizens and foreigners who come there.

There are no requirements for domestic or international accountability for transactions with gold or storage. Does not require any permits, licenses and similar documents for export or import of the yellow metal.

While the authorities of different countries are taking a lot of steps, including legislation and taxation, in order to limit or to obstruct the purchase and sale of precious metals, Singapore, by contrast, is doing everything to facilitate these operations. Country's political stability, lightness and transparency of business make it particularly attractive for the natural formation where the global center for trade in precious metal. And that Singapore could become a serious competitor to Shanghai, where everything takes place under the watchful eyes of the Chinese authorities. At present, the Singapore accounts for 2% of global trade in gold, while the local authorities of this small country is planned that by 2020 its share will account for over 10% of world trade precious metal. And something tells us that in the absence of global cataclysms and without a hiccup them quite manage to achieve this goal and make Singapore one of the most important centers of world trade in gold.