Gold reserves

Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. Last year official sector activity rose 36 percent to 366 tonnes – a substantial increase from 2016 . . . .

While the United States continues to ramp up sanctions against Russia, Moscow keeps building up its gold reserves, which have already quadrupled since 2008 and currently amount to nearly 2 thousand metric tons . . . .

How will Iran, Russia, and Turkey react to the plethora of financial sanctions being placed on them by the United States?  Well, they will do what anyone being beaten with a stick would do: they will try to escape . . . .

A lot of people dismiss gold and precious metals as irrelevant to the world monetary system. But how can money be irrelevant? . . . .

The case for China raising its gold holdings seems compelling . . . .

In June Russia added a further 500,000 ounces (15.6 tonnes) of gold into its forex reserves bringing them to a total of 62.5 million ounces (1,944 tonnes) so heading for a year-end total of over 2,000 tonnes . . . .

Russia has left the list of 33 largest holders of US government bonds, after the country disposed of at least a third of remaining bonds, a message from the US Treasury said . . . .

The coins were supposed to be melted into gold bars, but were instead preserved in a vault . . . .

The tiny nation of Kyrgyzstan has big plans. Caught between its giant trading partners, China and Russia,Kyrgyzstan is stockpiling gold. It wants to increase gold from 16 percent to 50 percent as part of its international reserve . . . .

For reasons that have to do mainly with security, a number of America’s allies around the world have for decades agreed to store a portion of their national gold reserves — their sovereign gold — in New York . . . .