politics

Preparing for the Crisis (World War III) and the Decline of Fiat Currencies

In Singapore, a massive gold storage facility has been established to cater to the increasing demand for precious metals from the world’s ultra-wealthy.

The six-story building covers 16,700 square meters and is designed to store 10,000 tons of silver—more than a third of the global annual supply—and 500 tons of gold, roughly half of what central banks acquired in 2023.

The facility is already overwhelmed with client requests, leading the company to plan for expansion. Demand for gold is soaring due to rising geopolitical risks, with experts calling the current growth "remarkable."

Gold prices recently hit record highs, exceeding $2,500 per ounce. Over-the-counter gold purchases had their strongest second quarter in at least 25 years.Silver prices have also surged by over 20%.

Investors are flocking to gold out of concern over the instability of major global currencies (the dollar and euro) amidst geopolitical uncertainties.