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#goldreserve

faab64@diasp.org
Farhad A

The Jerusalem Post: Countries repatriating gold in wake of sanctions against Russia - study

— "An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to an Invesco survey of central bank and sovereign wealth funds published on Monday.

The financial market rout last year caused widespread losses for sovereign money managers who are "fundamentally" rethinking their strategies on the belief that higher inflation and geopolitical tensions are here to stay.

Over 85% of the 85 sovereign wealth funds and 57 central banks that took part in the annual Invesco Global Sovereign Asset Management Study believe that inflation will now be higher in the coming decade than in the last."

#economy #Sanctions #GoldReserve #WorldEconomy
Link
https://archive.is/xi3Ez

One person like that
faab64@diasp.org
Farhad A

#China’s Central Bank Adds More #Gold for a Ninth Straight Month

— "China raised its gold reserves for a ninth straight month in July as central bank purchases continue to underpin prices of the precious metal.

Bullion held by the People’s Bank of China rose by 740,000 troy ounces, the central bank said on Monday. That’s equivalent to about 23 tons. Total stockpiles now sit at 2,137 tons, with around 188 tons added in a run of purchases that began in November.

China has led central bank buying in recent months as it continues to diversify its reserves. That’s helped keep prices buoyant despite rising interest rates around the world, which typically sap demand for non-interest bearing bullion."

#Economy #WorldEconomy #GoldReserve #Politics
Link
https://archive.is/UdFCT