The Deutsche Bank has launched its second-biggest gold-storage vault in Singapore that can hold up to 200 tonnes of the metal as it looks to capture surging global demand for physical bullion.

 

Not surprisingly, it has been reported that Deutsche Bank has been the biggest buyer of physical gold and silver over the last few months as gold and silver dropped about 20%

Of course, we all know that JPMorgan opened a similar facility at the Singapore Freeport in 2010.