Singapore 4th most expensive cuntry in the world

[k1976]

But we sinkies are very proud of our ministers, drawing the highest salary in the world, despite managing a small, tiny, pathetic country, and able to bring in 650,000 CECA Indians to replace local PMET jobs

China, Japan and India drive long-term gold prices, says WGC's Tait​

Ravinyaa Ravimalar and Kuek Ser Kwang ZheFri, Mar 27, 2026 • 09:50 AM GMT+08 • 9 min read

“Gold today is a strategic asset. It’s no longer tactical. It should take up about 8% to 10% of your portfolio": David Tait. Photo: Patrick Goh/The Edge Malaysia

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David Tait shut down Credit Suisse’s gold trading business when he was its global head of macro products group in 2014. Never did he think he would take the helm of the World Gold Council (WGC) as CEO five years later and become a proponent of gold as a strategic investment asset on the back of increasing global debt and currency debasement.

WGC, founded in 1987, is a membership organisation that champions gold as a strategic asset and aims to shape a responsible and accessible gold supply chain. Its 29 members have headquarters around the world and mining operations in over 45 countries, according to its official website.
In an interview, Tait says he closed Credit Suisse’s gold trading desk as its return on capital was low compared with other asset classes, such as equities and foreign exchange. Traders cannot trade gold easily due to issues regarding transparency, custody and standards. All this makes it a rather complex and costly asset class to trade.

China, Japan and India drive long-term gold prices, says WGC's Tait​

Ravinyaa Ravimalar and Kuek Ser Kwang ZheFri, Mar 27, 2026 • 09:50 AM GMT+08 • 9 min read

“Gold today is a strategic asset. It’s no longer tactical. It should take up about 8% to 10% of your portfolio": David Tait. Photo: Patrick Goh/The Edge Malaysia

Follow us on Facebook and join our Telegram channel for the latest updates.

David Tait shut down Credit Suisse’s gold trading business when he was its global head of macro products group in 2014. Never did he think he would take the helm of the World Gold Council (WGC) as CEO five years later and become a proponent of gold as a strategic investment asset on the back of increasing global debt and currency debasement.
WGC, founded in 1987, is a membership organisation that champions gold as a strategic asset and aims to shape a responsible and accessible gold supply chain. Its 29 members have headquarters around the world and mining operations in over 45 countries, according to its official website.
In an interview, Tait says he closed Credit Suisse’s gold trading desk as its return on capital was low compared with other asset classes, such as equities and foreign exchange. Traders cannot trade gold easily due to issues regarding transparency, custody and standards. All this makes it a rather complex and costly asset class to trade.

 

[k1976]

Coolie genes only owns NTUC Toilet rolls de woh

 

[k1976]

India's $3.8 Trillion Gold Boom: How Households Quietly Got Richer Than Ever​

https://finance.yahoo.com/news/indias-3-8-trillion-gold-181235837.html





Khac Phu Nguyen
October 11, 2025 1 min read

• MS
  -2.97%
  
  
  MS-PQ
  -0.04%

This article first appeared on GuruFocus.

Morgan Stanley (NYSE:MS) economists Upasana Chachra and Bani Gambhir estimate that Indian households now hold around 34,600 tons of gold worth nearly $3.8 trillion following this year's record-breaking rally in bullion prices. They noted that the surge is creating a positive wealth effect across India's balance sheets, as gold remains deeply embedded in family savings and cultural traditions. The metal's rise is not just symbolic it's tangible wealth appreciation on a scale comparable to the size of India's GDP.

 

[k1976]

Coolie Genes can understand boh?

 

[k1976]

MAS and SBMA leading new working group to develop Singapore as a regional gold trading centre​

Kwan Wei Kevin Tan
Fri, 27 March 2026 at 4:00 AM SGT 4 min read

• GC=F
  +2.62%
  

The new Gold Market Development Working Group was set up in January 2026 and is co-chaired by the Monetary Authority of Singapore and the Singapore Bullion Market Association.

Singapore is taking steps to develop itself as an Asia-Pacific gold trading centre via a Gold Market Development Working Group led by the Monetary Authority of Singapore (MAS) and the Singapore Bullion Market Association (SBMA).