Tag - Central Bank Gold

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Saturday, August 21 2021

China's gold reserves scale up for 15 consecutive years by 2020

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).

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Friday, August 20 2021

Afghanistan’s gold at the NY Fed: 1,731 old bars held since 1939

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).

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Monday, June 28 2021

Thai central bank leads pack, buying 90 tonnes of gold over April and May

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.

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Thursday, May 27 2021

Russia lines up new Gold Buying through its Sovereign Wealth Fund

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.

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Thursday, April 8 2021

Hungarian central bank boosts its gold reserves by 3000% in less than 3 years

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.

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Friday, February 19 2021

Russian Gold Reserves

Russia sells 100,000oz in January

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Monday, August 31 2020

Europe Has Been Preparing a Global Gold Standard Since the 1970s

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.

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Friday, January 10 2020

Currency hedge: RBI buys 15 tonnes of gold in Oct-Nov

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.

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Tuesday, December 17 2019

US Official Gold Reserves Auditor Caught Lying

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.

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Wednesday, December 4 2019

Mongolia's central bank buys 14.4 tons of gold in first 11 months this year

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.

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Friday, November 29 2019

Gold Is New Obsession for East Europe’s Nationalist Leaders

Gold is all that nationalist leaders in Europe’s east can talk about these days.

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Polish central bank airlifts 8000 gold bars (100 tonnes) from London to Warsaw

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.

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U.K. Can’t Be Trusted With Gold, Top Slovak Party Leader Says

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.

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Wednesday, November 27 2019

Ukraine’s IMF Gold and the Gold Carry Trade

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.

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Monday, November 25 2019

Polish gold reserves brought home

Around 100 tonnes of Polish gold has been brought to the country, the National Bank of Poland (NBP) announced on Monday.

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German Central Bank: Gold Is the Bedrock of Stability for the International Monetary System

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.

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Thursday, November 14 2019

Serbia Buys Nine Tons of Gold to Heed President’s Crisis Advice

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.

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Tuesday, August 27 2019

World needs to prepare for return to gold standard as Washington disrupts financial order

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.

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Monday, August 19 2019

PNG aims to retain 30% of exported gold, may change currency pegs

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.

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Thursday, August 1 2019

Central Bank Hunger for Gold Lifts Demand to Three-Year High

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.

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