Jul 042013
 

Day by day physical gold is being emancipated from paper gold.

Precious Metals Exchange (SGPMX) has launched the world’s first physical precious metals exchange with peer-to-peer bullion trading capabilities integrated into the trading platform in Singapore on Wednesday, amid Singapore’s drive to encourage gold trading in the country.

The exchange allows traders to buy and sell precious metals securely and conveniently, supporting real-time transactions with internationally recognised mints. This addresses private investors’ issues with liquidity, and also eliminates the costs of assaying precious metals when traders purchase or sell the holdings.

World’s first Physical Gold, Silver Exchange starts in Singapore

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