Inside the Singapore government's secret gold vault

[searcher]

Here's a look inside the S'pore government's secret gold vault​

It's no secret that the Singapore government's reserves are extensive.

The country has a gold vault that forms just one part of the official foreign reserves managed by the Monetary Authority of Singapore (MAS), also known as Singapore's central bank.

Here's a look inside the S'pore government's secret gold vault

Shiny.

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[Voodoo]

Singapore car and real estate is Real Expensive. A Kilo bar to buy a damn USED Car? Lol

 

[Unca Walt]

Singapore car and real estate is Real Expensive. A Kilo bar to buy a damn USED Car? Lol

First thing I thought of. Mebbe a used Lamborghini.

 

[Voodoo]

First thing I thought of. Mebbe a used Lamborghini.

I'm taking a Kilo bar of gold all day everyday. Never had one of those... Used cars are a dime a dozen.

 

[foolsgold]

A "secret" vault huh? Lol

 

[nickndfl]

It's not secret anymore. A kilo of gold is in the $60k range and two or three used to buy a small home in the USA.

 

[Voodoo]

In my reasoning a decent New car is about 1/10 the price of a decent New Home... So I'd be looking to spend perhaps a 10 oz gold bar on a New car.

I'm not spending that right now but it is a ratio that should likely hold over time. So I've used the fact that I think you will be able to get a new home for 75-100 oz Silver in the future. That means I would expect new cars to go for 10 oz Silver