Wednesday, September 27, 2023

"First ever filming of Singapore’s Gold Reserves in secret vault: What did it discover?"

No, not Senator "Bullion" Bob Menendez, about whom U.S. Rep. Matt Gaetz (R-FL) said today:

"We are devaluing American money so rapidly that in America today, you can't even bribe Democrat senators with cash alone. You need to bring gold bars to get the job done, just so the bribes hold value"

And from Mumbai's MoneyControl, September 27:

The Monetary Authority of Singapore (MAS), Singapore’s central bank, holds 225.4 tonnes of gold and is the 24th largest sovereign gold holder in the world. 

Singapore’s gold reserves have a market value of approximately SGD 18.8 billion, which represents less than 5 percent of MAS’s total reserve assets that are worth about SGD 400 billion. (Original Image credit: Channel news asia (CNA))

Channel News Asia (CNA), a news channel in Singapore, published a documentary in August about Singapore’s national reserve assets, including its famous monetary gold reserves. According to a report by BullionStar, the CNA documentary team obtained access to the 'secret' gold vault in the Monetary Authority of Singapore (MAS), Singapore’s central bank, where more than half of Singapore’s official gold reserves are stored.

This is the first time ever that Singapore’s gold reserves have been filmed inside the MAS central bank gold vault....

....MUCH MORE

Here is BullionStar's blog.

mothership.sg has some pics

And here is the asset side of the MAS' balance sheet.