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Next stop 4500
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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Congrats to all who bought
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(14-10-2025, 07:37 AM)sgbuffett Wrote: Congrats to all who bought
![[Image: Screenshot-20251014-073558-2.png]](https://i.ibb.co/v4pSDBv9/Screenshot-20251014-073558-2.png)
MAS bought when Gold was around half the price now, well done PAP
Made at lesast S$6B
Singapore's central bank, the Monetary Authority of Singapore (MAS), has been buying gold, making it the third-largest gold buyer in the world for the first nine months of 2023. The MAS acquired a total of 75 tonnes of gold in 2023, primarily in the first quarter, as part of a broader trend among central banks to diversify reserves, hedge against economic risks, and secure a stable asset.
Key details- Major purchases in 2023:
The MAS was the third-largest global gold buyer in the first nine months of 2023, adding 75 tonnes to its reserves.
- Breakdown of 2023 purchases:
The largest purchase was made in the first quarter, with subsequent purchases in the second and third quarters.
- Recent activity:
In October 2025, investors in Singapore joined a global rush to buy gold, driven by geopolitical tensions and expectations of US interest rate cuts, though this refers to private investors, not the government.
- Reasons for buying gold:
Central banks like the MAS buy gold to diversify their reserve portfolios, protect against downside risk, and maintain a liquid asset.
- Historical context:
The 2023 purchases marked a significant return to gold accumulation after decades, following a similar purchase in 2021.
- Impact on reserves:
While the purchases were significant, they still represented a small portion of the MAS's total official reserves due to the vast size of the "war chest".
"Knowing others is intelligence; knowing yourself is true wisdom. Mastering others is strength; mastering yourself is true power. If you realize that you have enough, you are truly rich.” ― Lao Tzu
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(14-10-2025, 07:52 AM)FartSunKing Wrote: MAS bought when Gold was around half the price now, well done PAP
Made at lesast S$6B
Singapore's central bank, the Monetary Authority of Singapore (MAS), has been buying gold, making it the third-largest gold buyer in the world for the first nine months of 2023. The MAS acquired a total of 75 tonnes of gold in 2023, primarily in the first quarter, as part of a broader trend among central banks to diversify reserves, hedge against economic risks, and secure a stable asset.
Key details- Major purchases in 2023:
The MAS was the third-largest global gold buyer in the first nine months of 2023, adding 75 tonnes to its reserves.
- Breakdown of 2023 purchases:
The largest purchase was made in the first quarter, with subsequent purchases in the second and third quarters.
- Recent activity:
In October 2025, investors in Singapore joined a global rush to buy gold, driven by geopolitical tensions and expectations of US interest rate cuts, though this refers to private investors, not the government.
- Reasons for buying gold:
Central banks like the MAS buy gold to diversify their reserve portfolios, protect against downside risk, and maintain a liquid asset.
- Historical context:
The 2023 purchases marked a significant return to gold accumulation after decades, following a similar purchase in 2021.
- Impact on reserves:
While the purchases were significant, they still represented a small portion of the MAS's total official reserves due to the vast size of the "war chest".
Congratsv to MAS
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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