We provide world-class security

Singapore : the best location

Zero taxZero corruptionA rich country

Zero tax

The purchase of gold, silver and platinum is tax exempt in Singapore since the ordinance of the 1st of October 2012. However, you must be careful of possible scams when you buy bars since not all bars and not all refiners are tax exempt. At Bunker-Group we ensure that the bars we sell are tax exempt in Singapore.

Our understanding is that if you buy in Singapore you will not pay tax even if you live in your own country where the purchase of precious metals is taxed. You will pay tax if you repatriate your precious metal to your home country. You will pay tax at the customs of your home country. You will have to check this information since tax depends on each personal fiscal situation.

Zero corruption

There is a strong culture of anti-corruption in Singapore. The whole country has become the Switzerland of Asia by having more than 50 years of proper business conduct. Many foreigners and multinational companies have their office in Singapore.

In 2018, Singapore is ranked 3rd among all countries in the world by the CPI (Corruption Perception Index), this index is widely used to measure corruption levels between countries. In comparison, Switzerland is also 3th, Germany is 11th, Japan is 18th, the US are 22th, France is 21th, and Italy is 53th. If you trust one of those countries, you can definitely trust Singapore.

A rich country

Singapore is one of the rarest country which has no debt. Singapore as a country makes money every year. Its revenues are bigger than its spending.

Singapore is the 3rd country of the World in terms of GDP/inhabitant (82kUSD) well above the US (54kUSD / 7th) and countries like Germany (45kUSD / 18th) or France (40kUSD / 24th). (cf. Wikipedia)

According to a study by the Boston Consulting Group, 10% of Singaporean are millionaires.

Reliable third parties

Le FreePort

Le FreePort owns the vaults facility and ensures all the security with full time guards, and cameras in every corner monitored by an independent company based in Hong Kong. The level of security is one of the highest in the world. Even if an incident occurs, there will be a full video record of what happened.

Malca-Amit

Malca-Amit monitors all our inventory, conducts a weekly audit of the bars, and issues an independent email which is sent directly to you in case one of your bar is moved. Even if a bar would get stolen, the maximum length to notice it would be one week. No employee at Bunker-Group can move a bar without you being informed by email right away. Every instruction made is tracked.

A hack proof system

Account
information

The bank and delivery information cannot be modified online. Even if your account is compromised the bars or the money would come back to you.

Data
integrity

We use 3 segregated databases and offline backups. Integrity is checked for every order, delivery, credit or withdrawal operation.

Human
failsafe

In case of any discrepancy in the system, we would require to reach you in person to clarify the situation.

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