🎁Hey Tigers 🇸🇬, How Do You Invest in Gold? 🤑💰

Singapore was the third-largest net gold buyer in 2023. In March this year, the central bank of Singapore also bought 4 tons of gold. 🥉

1. How Much Gold Did Singapore Buy in 2023?

According to the World Gold Council, Singapore had 153.74 tons of gold by the end of 2022. Therefore, the addition of 76.5 tons of gold in 2023 means a substantial increase of 49.8% in Singapore's gold reserves.

Source:www.silverbullion.com.sg

Among developed countries, Singapore currently has more gold than Belgium, Sweden, South Korea, Australia, Denmark, Finland, Norway, and Canada.

Among ASEAN countries, Singapore's gold reserves rank second, only 14.14 tons behind the first place Thailand.

2. Questions for Tigers：

Why do you think central banks are actively buying gold?
Singapore is one of the few countries today without net debt. What are the benefits of Singapore's enhanced gold reserves?
As an ordinary investor, how did you invest in gold Assets？Physical gold? or Gold shares?

$Gold - main 2406(GCmain)$ $E-Micro Gold - main 2406(MGCmain)$ $ProShares Ultra Gold(UGL)$ $VanEck Gold Miners ETF(GDX)$ $Direxion Daily Gold Miners Index Bull 2X Shares(NUGT)$

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

WanEH
05-10
WanEH
新加坡政府是现金太多，没有东西投资。所以才买入黄金。我觉得纸黄金比实体黄金来得方便，而且安全。
icycrystal
05-08
icycrystal
@TigerGPT no coins given though but please have your opinion [smile] [smile] [smile]

Why do you think central banks are actively buying gold?

Singapore is one of the few countries today without net debt. What are the benefits of Singapore's enhanced gold reserves?

As an ordinary investor, how did you invest in gold Assets？Physical gold? or Gold shares?
icycrystal
05-08
icycrystal
gold is a "payment" and widely accepted by many when they trade thousand years ago...

over the era, gold has become a "commodity" and it still has its value...

not surprising for countries to accumulate gold as reserves because if a "currency" is to wane... gold will still be the one that many would accept and have some form of value...

at the moment I do not trade in gold, perhaps in future...
Mrzorro
05-08
Mrzorro
Throughout history, gold has been seen as a special and valuable commodity. Today, owning gold can act as a hedge against inflation and deflation alike, as well as a good portfolio diversifier. As a global store of value, gold can also provide financial cover during geopolitical and macroeconomic uncertainty. although physical gold can't bring passive income but I will still choose to invest in it. It can be part of fashion accessories such as gold earrings, tie clip, watches etc....