What does it mean for gold to be held on an allocated basis?
The customer owns specific gold bars held in custody by MAS. Each bar is individually identified and recorded against the customer’s account, rather than being pooled with the holdings of other customers.
What types of gold does MAS accept?
MAS accepts LBMA Good Delivery bars.
Can MAS buy, sell or swap gold for customers?
MAS provides only custody service. Gold sales, deposits, swaps and other market services are transacted separately between customers and their chosen bullion bank counterparties.
Can gold be transferred without physically moving the bars?
MAS’ service supports book-entry transfers of allocated gold between customer accounts.
Can central banks verify their gold holdings?
Arrangements are available for central banks to conduct physical audits and verification of their gold holdings.
Does MAS disclose customers’ gold holdings?
MAS does not disclose the gold holdings of individual customers.
How can you get started?
Contact MAS to discuss the eligibility requirements, application process, operational arrangements, terms and conditions, and fees.
Email: MAS-BULLION@mas.gov.sg
Email: MAS-BULLION@mas.gov.sg