EG Announcement | Business Operations Update

Dear users,

Here’s an update for you on our business operations. 

We have ceased our partnership with Malca-Amit as our gold storage provider and have appointed Singapore Precious Metal Exchange (SGPMX) to take over from the former. We assure you that all our users’ physical gold will remain securely stored in the custodian vault under the safe-keeping of SGPMX. You may refer to our website update here

In ensuring that our users’ gold assets are managed in accordance with regulatory requirements, Everest Gold is in the midst of securing an independent trustee that will be responsible for the administration, management and the transfer of gold bullions on behalf of our users. An independent trusted trustee will act in the best interest of our users. 

Everest Gold Team

Related Posts

Gold’s outlook in the second half of 2021 according to anticipated events

The first half of the year has been a tumultuous one for gold. It has risen and fallen against the backdrop of the US dollar and…

What taxes do you pay when investing in gold?

Gold has a long history of cultural significance in Asia. It has been used in ornaments, fabric, and jewellery. Today, gold not only plays an essential…

What is the difference between spot gold and gold futures, and which should you invest in?

There are a plethora of choices available when selecting an asset to invest in—from stocks to property to precious metals.  Gold has one of the most active…

What’s in store for gold investors in 2021?

Sociopolitical events, especially US political and economic conditions, are known to heavily affect gold prices. In 2020, prices for gold increased by 25 percent, owing…

Is there a good time to buy gold?

Gold, like all other investments, has its risks and can be volatile depending on the economy. Determining the value in gold prices can be subjective,…

How American politics and the US economy affect gold prices

In the past, governments determined a country’s currency or fiat money through the value of gold according to the gold standard. A government would set…