JPMorgan's gold department has quietly moved to Singapore 😮
No announcements, no press releases, just left last Thursday. More than 50 traders + family members must be in place within a week. Key points: 1️⃣ This month's delivery of 4 billion dollars in physical gold is the largest single transaction since 2008. 2️⃣ Singapore has no gold tax, making it convenient for Asian operations. 3️⃣ Private funds are also flowing to Asia. 4️⃣ CEO Damon just visited the Shanghai Gold Exchange this year. In summary: Wall Street giants are voting with their feet, Singapore has become the crossroads of East and West funding 🧐 #Gold #MorganStanley #全球布局 #十二月行情展望
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JPMorgan's gold department has quietly moved to Singapore 😮
No announcements, no press releases, just left last Thursday.
More than 50 traders + family members must be in place within a week.
Key points:
1️⃣ This month's delivery of 4 billion dollars in physical gold is the largest single transaction since 2008.
2️⃣ Singapore has no gold tax, making it convenient for Asian operations.
3️⃣ Private funds are also flowing to Asia.
4️⃣ CEO Damon just visited the Shanghai Gold Exchange this year.
In summary:
Wall Street giants are voting with their feet, Singapore has become the crossroads of East and West funding 🧐
#Gold #MorganStanley #全球布局 #十二月行情展望