Implicit value of gold in SGD, under Bretton Woods System

Fun Fact: Taking Singapore's M2 money supply and dividing it by its gold reserves, and if the world were to return to the Bretton Woods System with 40% gold backing, the implicit value of gold will be some SGD 61,000. Even if we use the much lower M1 figure, we will get a figure of about SGD 20,000.