Where do the rich keep their gold in Singapore?

Gold soared to unprecedented levels on Wednesday, breaking the US$4,000 per ounce mark for the first time.

In this photo illustration, a one-ounce gold bar, a gold nugget, and gold coins are displayed at Witter Coins on Oct. 07, 2025 in San Francisco, California. Photo by Getty Images via AFP

Singapore’s investment gold demand in the second quarter shot up 36% year-on-year to 2.2 tonnes, the second highest growth in Southeast Asia behind Thailand (37%), according to the World Gold Council.

Below are some of the top brands in Singapore for storing and buying gold, compiled by The Business Times.

Le Freeport

Since its opening in 2010, Le Freeport, officially known as Singapore Freeport, has been a cornerstone of Singapore’s high-security storage industry.

Dubbed "Asia’s Fort Knox," the 30,0000-square-meter facility was established with government backing to position Singapore as a global hub for fine art, but now also serves precious metal storage and high-value collectibles companies.

The facility is located on government land with direct access to Changi Airport runways to rapidly and safely transfer fine art and other valuables with tax-free storage.

Le Freeport, operating under Singapore’s Zero GST Warehouse Scheme, acts as the facility landlord, hosting specialist firms like Brink’s, Loomis, and Singapore Precious Metals Exchange.

It is currently owned by Chinese cryptocurrency billionaire Wu Jihan via Bitdeer Technologies, who bought it for SGD40 million in 2022, a strong discount to the SGD100 million cost to build it, according to Bloomberg.

The Reserve

Launched in 2024, The Reserve is Singapore’s newest and most ambitious vault, developed and operated by Silver Bullion.

This vertically integrated facility serves as a dealer, vault operator, and owner, offering clients transparency and a seamless solution for bullion acquisition and storage.

Spanning six storeys and 180,000 square feet, it is potentially the world’s highest-capacity private vault, designed to hold nearly 500 million troy ounces (15,500 tonnes) of silver and gold.

Its main silver vault, capable of storing 10,000 tonnes, features a 32 m high space with a floor 45 times stronger than a standard car park.

The Reserve also includes 15 gold vaults with a 500-tonne capacity and 12,500 safe deposit boxes for personal storage.

Tenants include Silver Bullion, The Safe House, and The Xcess, a watch atelier.

BullionStar

BullionStar operates a walk-in Bullion Center near Clarke Quay, combining a retail shop, showroom, and high-security vault.

It provides an "end-to-end solution for buying, selling and storing bullion," according to its website.

The center includes safe deposit boxes for storing bullion, cash, jewellery, heirlooms, or physical cryptocurrency wallets, with weight limits up to 100 kilograms.

BullionStar also maintains a separate vault within Le Freeport for gold, silver, and platinum storage.

BullionVault

BullionVault offers private investors access to the professional bullion market via an online platform.

Its bars are stored in professional-market vaults in Singapore, Zurich, London, Toronto, and New York, partnering with Brink’s for gold storage and Loomis International for silver in Singapore.

The Singapore Mint

The Singapore Mint, the nation’s official mint, entered the investment-grade market in September with the Lion Bullion, a series of gold bars produced in partnership with Swiss refinery Produits Artistiques Metaux Precieux.

It offers direct sales, delivery, secure storage, and a buyback service with transparent pricing on its website, enabling fast settlement for investors storing bullion with the mint.