Singapore Stock Market News
Cyprus Deposit Tax - A Gold Rush?
StockFanatic
Publish date: Tue, 19 Mar 2013, 01:26 PM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
The proposed levy on bank deposits by Cyprus suggests that the Europe
debt crisis is not out of the wood yet, in our opinion. Funds were shifting
into safer asset classes like gold and dollar. The theme "flight to safety" will
likely dominate equity markets in the near future.
In this write-up, we
feature the technical outlook of Gold ETFs traded in Singapore and Hong
Kong. For investors who wish to have exposure in gold and yet without
holding the physical gold, these are likely the best proxies.
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