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Degussa Goldhandel expands into the Asian market: new branch office opened in Singapore

Degussa Goldhandel expands into the Asian market: new branch office opened in Singapore

Degussa branch office Singapore

Frankfurt am Main, 29 October 2015: Degussa Goldhandel GmbH is represented by a branch office in Singapore with immediate effect. The company is thus pushing ahead with its national and international expansion strategy. In addition to its ten locations in Germany and three other European representative offices in Madrid, Zürich and Geneva, Europe’s largest precious metals trader is now also active in the Asian gold market. Numerous guests attended the opening celebrations on Wednesday evening, including Dr Michael Witter, the Ambassador of the Federal Republic of Germany, and were provided with an initial insight into the services offered and the new premises.

„Within just a few decades, Singapore has progressed from being an emerging country into a highly developed industrial nation and enjoys a reputation as a highly significant international financial centre. Due to its dynamic economy and stable political system, Singapore is very popular with Asian investors especially“, explains Raphael Scherer, Chief International Officer (CIO) of Degussa Goldhandel GmbH and responsible for the international development of the precious metal trader. „For our international expansion strategy, with which we have been continuously pressing ahead since 2013, the Asian market represents the next logical step after the locations we have opened in Europe. The high demand in the investment field and the popularity of gold products with the local customers make Singapore a location that we regard as having a high growth potential for Degussa.“

The branch office is located in Orchard Road, the most famous shopping street in the Southeast Asian metropolis. The customer can choose from Degussa’s varied product portfolio presented on almost 300 square metres of floor space. For example, precious metal investment products, such as the classic Degussa gold and silver bars, and investment coins such as the Krugerrand and Canadian Maple Leaf are on offer. In addition, an extensive range of gifts made of gold, special medals and limited Degussa thaler complete the product line. Customers also have access to a total of 1,300 safety deposit boxes that guarantee secure storage of the precious metals or other objects of value purchased.

Furthermore, Degussa offers its new customers in Singapore a very special highlight: until the end of this year, the world-renowned „Industry Collection of Gold Bars Worldwide“, the so-called „Rothschild collection“ which is now part of the „Collection Degussa“, will be on display in the Singapore branch office. It is the most significant and largest collection of contemporary gold bars in the world and comprises over one thousand artistically and historically valuable bars from 145 manufacturers in 35 countries. The total weight of the collection is somewhat in excess of 230 kilograms of pure gold and represents an estimated material value of EUR seven million.

Further information can be found at

About Degussa Goldhandel
The name Degussa is synonymous worldwide with quality and reliability in the field of precious metals. The newly founded Degussa Goldhandel GmbH has been active in the precious metals market since 2011. The head office of the company is located in Frankfurt am Main. Currently, Degussa also offers its products and services at branch offices in Stuttgart, Munich (2), Frankfurt, Cologne, Hamburg, Berlin, Nuremberg, Hannover and Pforzheim. In addition, Degussa is also represented in Singapore by Degussa Precious Metals Asia Pte Ltd., in Zürich and Geneva by Degussa Goldhandel AG and in Madrid by the Spanish company Degussa Metales Preciosos, S.L. Degussa\’s comprehensive portfolio is completed by an online shop available to customers 24 hours a day, 7 days a week, and offers prices continuously adjusted to reflect the international precious metals markets, high availability and fast processing. Since August 2014, Degussa has also operated its own precious metals refinery in Pforzheim, which reprocesses (\“separates\“) scrap precious metals and also manufactures upstream products for the jewellery industry.

Products and services:
Apart from its own precious metal bars made of gold, silver, platinum, palladium and rhodium, with their characteristic sun/moon logo, that enjoy a worldwide reputation, Degussa also offers a wide range of collectors\‘ and investment coins. Leading experts in the field of numismatics are available to customers for the assessment, sale and purchase of historical coins ranging from antiques to those from more recent times. Precious metal stocks can be stored at Degussa\’s central storage facility for high-value items, and some Degussa branch offices also offer the option of storing valuables in a personal safety deposit box.

Purchase of scrap precious metals:
Jewellery no longer used, silverware, damaged precious metal bars and coins as well as precious metal products used in industry are all purchased at fair prices and then recycled.

Degussa Goldhandel GmbH
Ellen Gschaider
Kettenhofweg 29
60325 Frankfurt am Main
+49 69 860068-294
+49 69 860068-222

fr financial relations gmbh
Jörn Gleisner
Louisenstr. 97
61348 Bad Homburg
+49 (0) 6172/27159-0
+49 (0) 6172/27159-69

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