Tag - Central Bank Gold
Friday, January 10 2020
By GCRU Gold News on Friday, January 10 2020, 21:20
The Reserve Bank of India stepped up hedging against currency volatility by purchasing 0.48 million troy ounce, close to 15 tonnes, of gold in October-November, central bank data showed.
Tuesday, December 17 2019
By GCRU Gold News on Tuesday, December 17 2019, 20:43
After my last publication, I have obtained more documents from the US Treasury through FOIA requests, which expose another falsehood that puts the auditor in an even more peculiar position. In conflict with the audit protocol, the permanent seals of the vault compartments have been broken, time and again. In addition, the auditor has lied about these events, and when confronted, it’s unable to explain its actions. By now, I have lost faith in the auditor fully.
Wednesday, December 4 2019
By GCRU Gold News on Wednesday, December 4 2019, 06:12
Mongolia's central bank announced on Tuesday that it has bought a total of 14.4 tons of gold from legal entities and individuals in the first 11 months of this year.
Friday, November 29 2019
By GCRU Gold News on Friday, November 29 2019, 23:42
Gold is all that nationalist leaders in Europe’s east can talk about these days.
By GCRU Gold News on Friday, November 29 2019, 02:29
In early July, BullionStar covered the notable news from Poland’s central bank, that it had boosted its monetary gold reserves to 228.6 tonnes by buying 125.7 tonnes over the 2018-2019 period, with a staggering 100 tonnes of this total purchased at the Bank of England in London during the first half of 2019.
By GCRU Gold News on Friday, November 29 2019, 02:23
Slovakia's former premier said today parliament should force the central bank to bring back the nation's gold stored in the United Kingdom as history has shown that allies "can hardly" be trusted.
Wednesday, November 27 2019
By GCRU Gold News on Wednesday, November 27 2019, 07:00
Let’s first consider a typical International Monetary Fund (IMF) loan to a sovereign in trouble, and then examine a typical gold carry trade transaction to support a sovereign arms deal. The intent is to demonstrate the importance of physical sovereign gold holdings in all forms of international trade.
Monday, November 25 2019
By GCRU Gold News on Monday, November 25 2019, 20:57
Around 100 tonnes of Polish gold has been brought to the country, the National Bank of Poland (NBP) announced on Monday.
By GCRU Gold News on Monday, November 25 2019, 20:53
Currently, Exter’s Pyramid has grown too big and is unstable. The moment the pyramid falls, “gold will do its job.” History teaches us gold protects its owners through all types of weather, and central banks know this. Ever wondered why virtually every central bank owns gold? Because gold is physical. Immutable, yet divisible. Independent and without counterparty risk. It is the ultimate store of value—as it retains its purchasing power through time—and works as an eternal payment instrument.
Thursday, November 14 2019
By GCRU Gold News on Thursday, November 14 2019, 20:54
Serbia’s central bank bought nine tons of gold in October, raising its reserves of the precious metal on the advice of President Aleksandar Vucic.
Tuesday, August 27 2019
By GCRU Gold News on Tuesday, August 27 2019, 23:46
This development points to the necessity of seeking and building a new financial order, which is the fundamental basis for the re-emergence of the gold standard in the world financial market.
Monday, August 19 2019
By GCRU Gold News on Monday, August 19 2019, 06:27
Papua New Guinea wants to retain at least 30% of the gold it currently exports as it transforms its economy under a new government leadership, the country’s commerce minister said on Monday.
Mori said that PNG would also consider pegging its currency, the kina, to gold, rather than the U.S. dollar.
Thursday, August 1 2019
By GCRU Gold News on Thursday, August 1 2019, 23:38
Central banks continued to load up on gold in the first half, helping push total bullion demand to a three-year high, according to the World Gold Council.
Nations added 374.1 tons in the first six months as Russia and China kept building reserves and Poland made a massive purchase. The trend is expected to continue, with a recent survey of central banks showing 54% of respondents expect global holdings to climb in the next 12 months.
Saturday, July 27 2019
By GCRU Gold News on Saturday, July 27 2019, 03:38
As none of the CBGA cartel central banks “currently has plans to sell significant amounts of gold“, has it been a case of gold buying envy as Russia, China and even and have piled into the yellow metal? It would certainly seem so.
By GCRU Gold News on Saturday, July 27 2019, 03:35
The European Central Bank says it and 21 national central banks in Europe are letting an agreement regulating gold sales expire, saying the deal struck two decades ago to stabilize the market for the precious metal is no longer needed.
Friday, July 19 2019
By GCRU Gold News on Friday, July 19 2019, 00:30
'If we use all of our foreign exchange reserves to buy US Treasury bonds, then when someday the Federal Reserve suddenly announces that the original 10 old dollars are now worth only one new dollar, and the new dollar is pegged to the gold – we will be dumbfounded.'
Thursday, July 11 2019
By GCRU Gold News on Thursday, July 11 2019, 00:36
“If the appeal of cryptocurrencies is their capacity to provide a common currency, and to maintain a uniform value for every issued unit, we need only consult historical experience to ascertain that these same qualities were achieved through the classical international gold standard,”
Monday, July 8 2019
By GCRU Gold News on Monday, July 8 2019, 03:32
Whatever the exact motives, both Hungary’s and now Poland’s gold purchases and repatriations are sending clear signals to the EU elites that in the realms of both politics and monetary policy, that two countries still have an independent streak and sense of national sovereignty found lacking in many other EU member states.
By GCRU Gold News on Monday, July 8 2019, 01:16
In an increasing globe trend, we note with interest the following statements made by the National Bank of Poland (NBP). Between 2005 and 2019, the NBP’s gold holdings increased by 125.7 tonnes to 228.6 tonnes and they also confirmed that nearly 50% of Polish gold will be repatriated to their country.
However what is even more telling is that, 95 tons of this increase can be attributed only to the month of June this year.
Thursday, June 20 2019
By GCRU Gold News on Thursday, June 20 2019, 23:31
So will there be a new central bank gold agreement announced in the next few weeks? Word on the street is that large institutions are being quizzed by the obedient World Gold Council and being asked if they in favour of a new CBGA or not. Given that the whole CBGA scheme was a cover whose main purpose has already been achieved, there is no compelling logic for a fifth CBGA, except of course unless there have been further physical gold flows out of western central banks which need to be squared off in the books.