BRICS+ nations hoard gold as Western banks gamble on short positions, ignoring the looming financial crisis. Will the West awaken to reclaim its golden edge in time?
Russia's gold reserves have surged to a record-breaking 31.5% of its total assets, marking a bold move amid global tensions and sanctions, as the nation strengthens its economic defenses with gold.
The National Bank of Kazakhstan has reduced its gold reserves, marking a shift in its investment strategy. Gold holdings now stand at 290 tonnes.
The National Bank of Poland has significantly increased its gold holdings, reflecting a global trend towards safe-haven assets.
The Central Bank of Iraq has continued to accumulate gold, adding 4 tonnes in June and July. Total gold holdings now stand at 153 tonnes.
The Czech Central Bank has continued its gold-buying spree, adding to its reserves for the 19th consecutive month. Total gold holdings now exceed 46 tonnes.
Central and bullion banks have long tried to suppress gold and silver prices, but these efforts are doomed. As inflation rises and fiat currencies devalue, silver is poised for a breakout.
Turkey's gold reserves soar to a new record! The country has been rapidly accumulating gold, reflecting a growing trend among central banks seeking a safe haven asset.
India's gold imports hit a 3.5-year high in August, surging 58% YoY due to strong demand and tariff cuts. With the festive season ahead, 2024 demand could surpass 800 tonnes, the highest since 2015.
New report from the World Gold Council shows central bank purchases in August were lowest since March
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