Singapore central bank lifts gold holdings by 30%

[honestinjun]

At a population of 5.5 million residents (permanent and visiting) and 200 metric tonnes of gold, Singapore has roughly 1.2 oz t of gold per resident.

China reportedly has 2010 tonnes, or about 65 million oz t of gold. At a population of 1.4 billion, that's only 0.05 oz t per person. 

So if you as an individual have at least a couple of ounces of gold, you'll be well positioned to compete with world governments when everything collapses. 

How long has it been since the Bank of England bought ANY gold?

 

https://www.asianinvestor.net/article/singapore-central-bank-lifts-gold-holdings-by-30/483535

Edited March 9, 2023 by honestinjun

[CollectForFun]

10 hours ago, honestinjun said:

So if you as an individual have at least a couple of ounces of gold, you'll be well positioned to compete with world governments when everything collapses. 

This caught my attention - how exactly do you imagine yourself, owning a couple of ounces of gold, competing with worlds governments?

Edited March 9, 2023 by CollectForFun

[dikefalos]

11 hours ago, honestinjun said:

How long has it been since the Bank of England bought ANY gold?

What for? Half the world voluntarily stashes its gold with them. And they pay for it to be stored in a vault far from home.

 

[SidS]

On 09/03/2023 at 22:34, dikefalos said:

What for? Half the world voluntarily stashes its gold with them. And they pay for it to be stored in a vault far from home.

 

It's that crazy haired scientist from Nottingham University who does the periodic table videos!

[gji25]

On 09/03/2023 at 22:34, dikefalos said:

What for? Half the world voluntarily stashes its gold with them. And they pay for it to be stored in a vault far from home.

 

most of the bars are actually empty egg boxes painted gold 

[Taikonaut]

On 09/03/2023 at 11:17, honestinjun said:

At a population of 5.5 million residents (permanent and visiting) and 200 metric tonnes of gold, Singapore has roughly 1.2 oz t of gold per resident.

China reportedly has 2010 tonnes, or about 65 million oz t of gold. At a population of 1.4 billion, that's only 0.05 oz t per person. 

So if you as an individual have at least a couple of ounces of gold, you'll be well positioned to compete with world governments when everything collapses. 

How long has it been since the Bank of England bought ANY gold?

 

https://www.asianinvestor.net/article/singapore-central-bank-lifts-gold-holdings-by-30/483535

China has just discovered a gold field in Shandong province with an estimated 2,000 tonnes of gold deposit. Beijing recently borkered a peace deal with oil rich nations Saudi Arabia and Iran and dropping the petrol dollar monopoly and making it trade with the Chinese Yuan and use gold to replace the US dollar as a international default currency. Expect to see gold rise and dollar falls.