Tag Archives: central banks

Putin Purchased More Gold in Q3 Than The Rest of the World COMBINED

The World Gold Council released its quarterly reports this week and revealed the frightening fact that Russia purchased more than 55 tonnes of gold in Q3 of 2014, more than every other country of the world COMBINED. This frantic accumulation … Continue reading

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Russia Has Increased Its Gold Reserves For Six Consecutive Months

Data released yesterday by the International Monetary Fund shows that Russia has continued to frantically increase its gold reserves, adding 1.2 million ounces for the month of September. This marks the sixth-consecutive month the country has increased holdings of the precious … Continue reading

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Majority Votes “Yes” in First Poll for “Save Our Swiss Gold” Movement

Switzerland’s leading newspaper, 20 Minuten conducted an online poll earlier this week asking readers how they would vote on the upcoming “Save Our Swiss Gold” referendum on November 30th. The majority of Swiss citizens said “yes.” The “Save Our Swiss … Continue reading

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European Central Bank Begins Bond-Buying Program

The European Central Bank has begun its bond-buying program as part of an effort to prevent a triple-dip recession and enhance the current stimulus plan, the bank announced today.  Mario Draghi, the President of the ECB, has announced that he … Continue reading

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The 4th Central Bank Gold Agreement Now in Effect

In May of this year, the European Central Bank and 20 other Central Banks of Europe signed the 4th Central Bank Gold Agreement, reinforcing the notion that these banks continue to view gold as an important reserve asset and that … Continue reading

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Iran Has Been Lying About Its Gold Reserves

It should come as no surprise that the government of Iran has been deliberately obfuscating its gold holdings for the past several years, but what is unexpected is just how little gold the country is believed to have in reserve. … Continue reading

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