Thailand's Government Pension Fund (GPF) increasing allocation to gold

[pmbug]

The Government Pension Fund (GPF) is reducing investments in assets that may be affected by war and increasing investments in gold and oil to mitigate risk.
...
Gold and oil account for about 5% of the GPF's portfolio.
...
Last year the GPF posted an investment return of 1.46%, with assets under management of 1.3 trillion baht and 480,000 members.

Government Pension Fund expects to shift focus to gold, oil to mitigate risk

The Government Pension Fund (GPF) is reducing investments in assets that may be affected by war and increasing investments in gold and oil to mitigate risk.

www.bangkokpost.com

No word on what the new allocation target may be. 1.3t baht = $35b USD. It's not a huge fund as sovereign funds go, but it's still pretty big - 5% of it is still $1.75b...

 

[SilverSamurai]

Thailand Hamlet might
ask, Thai Baht or not Thai Baht?
Gold is the question

 

[Peter89]

Imo the main question is, which vehicle will they use as gold investment?
Physical? Stored where?
Unallocated accounts at some London's Bullion Banks?
Futures? Bought were, Bangkok Futures Exchange?

 

[Someone_else]

Imo the main question is, which vehicle will they use as gold investment?

In that part of the world, maybe temples have a good portion of the gold? If he adds more to the temples, maybe he can score points with his subjects.

 

[searcher]

Related to Thailand but not about their pension fund.

Thai gold-trading curbs take effect as authorities rein in baht

Online gold trades in baht are capped at 50 million baht daily per person, per platform Read more at The Business Times.

www.businesstimes.com.sg