Bloomberg and Singapore's Business Times quote Ronan Manly of BullionStar in report about Singapore's central bank gold buying
- 11 Mar 2023
On 9 March 2023, leading financial markets and news portal Bloomberg, quoted Ronan Manly of BullionStar in an article about a massive gold purchase by Singapore’s central bank, the Monetary Authority of Singapore (MAS).
This gold buying, which was undertaken by MAS in January 2023, was only publicized at the end of February, amounted to 44.6 tonnes, boosted Singapore’s monetary gold reserves to 198.4 tonnes.
Bloomberg quotes Manly:
“‘This is Singapore’s second-largest gold purchase ever in one month,’ Ronan Manly, a precious metals analyst at Singapore dealer BullionStar, said in a blog post. The biggest was in 1968, when it bought 100 tons from South Africa, he said.”
The Bloomberg article by Ranjeetha Pakiam, is titled “Singapore’s Central Bank Boosted Gold Reserves 30% in January” and can be seen here.
The Bloomberg article was also published in full on 10 January by leading Singapore business and finance newspaper, The Business Times, and can be seen on The Business Times website here.