This Is Where China Will Be Putting Its Gold

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Jan 9th 2016, 13:00

Zero Hedge: China's Largest Bank Is Mystery Buyer Of Massive 1,500 Ton Gold Vault In London

Back in June 2013, when Deutsche Bank opened a gold vault in Singapore which could hold up to 200 metric tons, the German bank was euphoric about the prospects for storing physical gold: "Gold has traditionally been stored in London, Zurich and New York, but there is a serious shift in dynamics going on as the global financial crisis continues to evolve," Mark Smallwood, Deutsche Asset & Wealth Management's head of wealth planning in the Asia-Pacific region, told The Wall Street Journal.

This is what the outside, and inside, of the state of the art Singapore vault looked like:

WNU Editor: London and Singapore .... but not Beijing or Shanghai. It makes you wonder on why you want to keep it outside of China.

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This Is Where China Will Be Putting Its Gold

NOW THE NEWS IN FULL.....

KEEP SCROLLING TO THE END ...WE STILL GOT LOTS MORE .......

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