Gold reserves

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 . . . .

For the past few years we have been seeing an overall rise in national reserves of gold – at least from countries which are believed to be providing accurate figures to the IMF . . . .

President Trump has promised to institute trade tariffs on various imports, and some countries haven’t been happy about his actions . . . .

After Dumping Half of US Treasuries in April . . . .

Texas Bullion Depository is open for business, the nation’s first state-administered precious metals storage facility open to the public, where all U.S. citizens can store their gold and silver bullion . . . .

There is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony . . . .

Despite U.S. sanctions impacting on some elements of Russia’s foreign trade, the country’s central bank is continuing with its seemingly inexorable increase in its gold reserves . . . .

After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, one month ago Turkey announced that it too has decided to repatriate its gold stored in the US Federal Reserve and deliver it to the Istanbul Stock Exchange . . . .

Germany has the world’s second-largest gold reserves, but since the Cold War, no one has seen it on German soil. Until this weekend, when the country’s central bank, Bundesbank, put eight bars on display at its Money Museum . . . .