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Tag Archives: gold reserves
Russia Stockpiles Gold, But Why?
Russia Stockpiles Gold, But Why? The US’s overhang of debt and looming trade war is worrisome on many levels as the value of the dollar keeps decreasing and the national debt spiraling. So, what should we make of the fact that the Central Bank of Russia has been steadily amassing vast gold reserves since 2015? […]
Hungarian National Bank Decides to Bring Gold Reserves Back Home
HUNGARIAN NATIONAL BANK DECIDES TO BRING GOLD RESERVES BACK HOME The leadership of the Hungarian National Bank (MNB) has decided to bring back home Hungary’s gold reserves. Up to now, 100,000 ounces (3 tons) of the precious metal were stored in London, which is in total worth some 33 billion forint ($130 million) at current gold […]
Russian Central Bank Buys Gold – 600,000 Ounces Or 18.7 Tons In January As Venezuela Launches ‘Petro Gold’
Russian Central Bank Buys Gold – 600,000 Ounces Or 18.7 Tons In January As Venezuela Launches ‘Petro Gold’ – Russian central bank buys gold – large 600,000 ounces or 18.7 tons of gold in January – Russia increased its holdings to 1,857 tons, topping the People’s Bank of China’s ‘reported’ 1,843 tons – Russia surpasses China as […]
The Central Bank of Russia Added a Record 223 Tons of Gold in 2017
THE CENTRAL BANK OF RUSSIA ADDED A RECORD 223 TONS OF GOLD IN 2017 Russian Central Bank Adds 300,000 ounces (9.331 tons) of gold to reserves in December. Since June 2015, the Central Bank of Russia has added over 558 tons of gold to reserves. December’s 9.331 ton gold addition brings Russia’s Central Bank holdings […]
Move Over Fort Knox: Here’s An Actual Look Inside Russia’s Gold Vaults At Their Gold Reserves
Move Over Fort Knox: Here’s An Actual Look Inside Russia’s Gold Vaults At Their Gold Reserves It’s no secret that Russia has been stacking the shiny phyzz for years, and here’s a glimpse showing exactly how they stack… Article originally sourced via English Russia Photos from main gold storage of Central Bank of Russia. Almost […]
It’s Official: Canada Has Sold All Of Its Gold Reserves
It’s Official: Canada Has Sold All Of Its Gold Reserves One month ago, when looking at the latest Canadian official international reserves, we noticed something strange: Canada had sold nearly half of its gold reserves in one month. According to the February data, total Canadian gold reserves stood at 1.7 tonnes. That was just 0.1 per […]
Canada sells off most of its gold reserves
Canada sells off most of its gold reserves Thousands of gold coins being sold, figures show A one-ounce gold Canadian Maple Leaf coin. The Royal Canadian Mint has produced pure Maple Leaf gold coins in a variety of denominations for more than 40 years. (Ed Betz/Associated Press) (Note: CBC does not endorse and is not […]
Glistening Gold & The Rumble In The Ruble – America’s “Tribute Scam” Is Unraveling Fast
Glistening Gold & The Rumble In The Ruble – America’s “Tribute Scam” Is Unraveling Fast Before we discuss The Empire of Chaos ongoing attacks on “The Assassin Putin” and The Master of the Universe attempts to topple any challenge to Washington’s global hegemony, we thought the following chart may give some much needed context for […]
Venezuela Liquidating Assets As Economic Crisis Worsens
Venezuela Liquidating Assets As Economic Crisis Worsens Venezuela is at a political crossroads, with an all-important parliamentary election set to take place in December. Meanwhile, the Venezuelan economy continues to deteriorate as the state seeks to stave off default and a brewing financial crisis. The state-owned oil company PDVSA is looking to push off debt repayments that […]
Where Is All The Gold Going?
Where Is All The Gold Going? Changing Attitudes With the help of a set of excellent charts on gold imports vs exports by Nick Laird (www.sharelynx.com), I would like to give you a brief overview of where gold is going. We have heard for some time that gold is moving to the Far East but […]
Central Banks’ secrecy and silence on gold storage arrangements
Central Banks’ secrecy and silence on gold storage arrangements Whereas some central banks have become more forthcoming on where they claim their official gold reserves are stored (see my recent blog post ‘Central bank gold at the Bank of England‘), many of the world’s central banks remain secretive in this regard, with some central bank […]
When Will China Disclose Its True Official Gold Reserves And How Much Is It?
When Will China Disclose Its True Official Gold Reserves And How Much Is It? Things are heating up in the Chinese gold market First let’s go through the latest Shanghai Gold Exchange data and then we’ll continue to discuss the most recent developments regarding Chinese official gold reserves. Friday the Shanghai Gold Exchange (SGE) released […]
Second Thoughts On US Official Gold Reserves Audits
Second Thoughts On US Official Gold Reserves Audits What is not often covered in the media or blogosphere are the audits of the US official gold reserves stored at the US Mint, which is the custodian for 95 % (7716 tonnes) of the stash – nowadays also referred to as custodial deep storage, and at the Federal […]
