CNA - Money Mind features BullionStar in its recent video on Gold’s continuing strength in the market. Singapore
- 30 Apr 2024
Major news outlet Channel News Asia (CNA) interviewed BullionStar CEO Luke Chua for Money Mind, its featured programme for personal finance and investment. The episode is titled: “What's Driving Up Gold Prices Despite A Strong US Dollar & Stock Market”, and first aired on April 27th, 2024.
CNA's Dawn Tan asks:
"When times are tough, when there are economic challenges, geopolitical tensions and so on, investors want to go to those safe-haven products and gold is traditionally seen in that way. What are we looking at when it comes to the outlook for gold going forward?"
In response, BullionStar CEO Luke Chua said:
"I think that the gold price is a reaction and a reflection of the level of uncertainty that we're seeing in the world. We're seeing tariffs, protectionism, financial warfare between some of the major global superpowers, and actual war happening in areas of the world as well. I think it's telling that since the 2022 sanctions on Russia we started to see central banks across the world adopt a strategy to accumulate gold at a much faster pace and quantum than before. They do so not for short term profit [but as part of their long term risk diversification strategy]."
BullionStar's Bullion Centre in Singapore was used as the primary location for the shoot, with it's products and services being shown throughout the episode. The opening segment was shot in BullionStar's Safe Deposit Box Vault, showcasing multiple gold bars and Gold Bullion Jewellery.