Yahoo Finance 
Scared investors scurry to deposit gold in Singapore vaults
Depressing global economic outlook push deposits up by 90%.
Deposits of gold and precious stones in the state-of-the-art vaulting services provider Malca-Amit in Singapore leapt 90% in the past year as investors are protecting their wealth against an uninspiring global outlook.
"They are stashing gold, silver, also precious stones, tangible assets so to speak. It's a way of diversifying their portfolio," Bloomberg reported.
"Issues like Brexit, the US presidential race, negative rates--they're all spooking investors, prompting them to seek to protect their money," the report added.
Malca-Amit is gaining from the trend of wealth preservation as its facilities are already about 70% full to date. It's revenue has grown at least 45% this year.
Watch the full report here.
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