Tag - Central Bank Gold
Saturday, August 21 2021
By GCRU Gold News on Saturday, August 21 2021, 06:42
China's gold reserves have grown every year for 15 consecutive years, reaching 14,727.16 tons by 2020, according to a yearbook issued by China Gold Association (CGA).
Friday, August 20 2021
By GCRU Gold News on Friday, August 20 2021, 09:28
Not for the first time, the US Treasury has just gone and frozen the US held assets of Afghanistan’s central bank, the Da Afghanistan Bank (DAB).
Monday, June 28 2021
By GCRU Gold News on Monday, June 28 2021, 02:21
Thailand’s 90 tonnes addition in its gold reserves over April and May comprised a 43.5 tonnes increase in during April, and another 46.5 tonnes increase during May, taking its total gold reserves from 154 tonnes to 244 tonnes, a 58.4% increase.
Thursday, May 27 2021
By GCRU Gold News on Thursday, May 27 2021, 02:49
In a significant and strategic development for monetary metals, the Government of the Russian Federation has just introduced legislation which will allow Russia’s giant National Wealth Fund (NWF) to invest in gold and other precious metals. The NWF is Russia’s de facto sovereign wealth fund, and has assets of US$185 billion.
Thursday, April 8 2021
By GCRU Gold News on Thursday, April 8 2021, 07:04
The central bank of Hungary, the Magyar Nemzeti Bank (MNB), has just announced a purchase of a massive 63 tonnes of Good Delivery gold bars, and in doing so tripled the nation’s gold holdings from 31.5 tonnes to 94.5 tonnes.
Friday, February 19 2021
By GCRU Gold News on Friday, February 19 2021, 22:06
Russia sells 100,000oz in January
Monday, August 31 2020
By GCRU Gold News on Monday, August 31 2020, 23:57
Jan has uncovered evidence through his research that returning to a Gold Standard is not far away from the minds of European central banks and it is consistent with gold repatriations in the last decade.
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.