Review on Proportion of Singapore's Gold Reserves Stored Overseas

Mr Fadli Fawzi asked the Prime Minister and Minister for Finance (a) what proportion of Singapore's gold reserves is stored outside Singapore, if any; and (b) if there any overseas gold reserves, whether this proportion will be reviewed in light of recent geopolitical tensions.

Mr Jeffrey Siow: Our gold reserves are diversified across geographies to ensure accessibility and resilience in the event of geopolitical and economic shocks. For security reasons, we do not disclose the proportion of gold stored in any particular jurisdiction.

The Government regularly reviews its portfolio to ensure appropriate diversification through periods of economic and geopolitical uncertainty.