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Gold, gems pile up in Singapore vault as wealthy investors seek refuge

Logistics and storage provider Malca-Amit sees revenue grow at least 45 per cent in 2016 from a year earlier


THE stash of gold, silver and gems stored in the vaults and safe deposit boxes of Malca-Amit in Singapore has jumped almost 90 per cent in the past year as wealthy investors seek a refuge in a world of negative interest rates, stagnating economies and political uncertainty.