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Bullion Star's Ronan Manly: Singapore quietly adds 26 tonnes to its gold reserves
By Ronan Manly
Bullion Star, Singapore
Saturday, November 27, 2021
It has just come to light that Singapore's central bank, the Monetary Authority of Singapore, added 26.35 tonnes of gold to its official monetary gold reserves over a 2-month period between May and June this year, in the process boosting its strategic gold holdings by 20% to a claimed 153.76 tonnes.
This addition to the monetary gold holdings of the Monetary Authority of Singapore was first pointed out by the World Gold Council's Krishan Gopaul in a tweet November 25, following an update to Singapore’s gold holdings appearing in the International Monetary Fund's International Financial Statistics (IFS) database, a source the World Gold Council uses to keep track of central bank and sovereign gold holdings. ...
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