Assessing G20 Nations' Gold Reserves Increase and Implications for Singapore's Reserve Management Strategy

Parliamentary Question by Assoc Prof Jamus Jerome Lim: 

To ask the Prime Minister and Minister for Finance whether the Government is considering to provide increased financial support or subsidies targeted at seniors living alone to help them access better healthcare, social services, or housing tailored to their needs.

Parliamentary Reply by Second Minister for Finance, Ms Indranee Rajah:

The global demand for gold reflects its role as a safe-haven asset during periods of economic and geopolitical uncertainty. In Singapore’s context, the size of our gold holdings is based on our long-term objective of ensuring that our reserves portfolio remains resilient and well-diversified across economic and market conditions.