S’pore Retirees Chasing Gold Lose $3,300 Yearly | 🦖EP1546

The Investing Iguana

S’pore Retirees Chasing Gold Lose $3,300 Yearly | 🦖EP1546

Gold at record highs feels like a sanctuary — until you price in what it costs you to hold it. A 20% gold allocation in a S$300,000 SRS portfolio silently displaces S$60,000 of productive capital, creating a S$3,300 annual income vacuum while CNMC Goldmine trades at 118.8% above its InvestingPro Fair Value on a 0.53% yield. That is not a hedge. That is a vanity purchase dressed as risk management.

At a 1.37% T-Bill rate and a 3.2% forensic floor, any asset below the 4.7% hurdle is paying you less than the minimum required to justify the risk taken. Gold pays zero. CNMC pays 0.53%. Even OCBC has slipped to 3.57% — below the hurdle. When your "safe" alternatives are structurally underpaying and MAS has formally revised core inflation upward, concentration in non-yielding assets is not caution. It is capital erosion on a timer.

📺 YouTube: https://youtu.be/-ZbcMDgN32M

📩 Substack: https://investingiguana.com/p/spore-retirees-chasing-gold-lose

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A 20% gold allocation in a S$300,000 SRS portfolio silently displaces S$60,000 of productive capital, creating a S$3,300 annual income vacuum while CNMC Goldmine trades at 118.8% above its InvestingPro Fair Value on a 0.53% yield. That is not a hedge. That is a vanity purchase dressed as risk management. At a 1.37% T-Bill rate and a 3.2% forensic floor, any asset below the 4.7% hurdle is paying you less than the minimum required to justify the risk taken. Gold pays zero. CNMC pays 0.53%. Even OCBC has slipped to 3.57% — below the hurdle. When your \"safe\" alternatives are structurally underpaying and MAS has formally revised core inflation upward, concentration in non-yielding assets is not caution. 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