Russians buy gold due to falling stocks

Following the news of the stock market collapse, residents in Russia are massively attacking banks: they are opening anonymised metal accounts (WHO) and buying precious metal coins. Sellers of banks note that on Monday, August 8, demand for gold, silver and platinum increased by more than 10%, while the speculative dynamics during the summer did … Read moreRussians buy gold due to falling stocks

Central banks actively buy gold

Central banks in developing countries bought more than $ 10 billion in gold this year for their foreign exchange reserves, meaning a loss of confidence in Western countries ’debt bonds and currencies like the euro and dollar. Data from the International Monetary Fund (IMF) in June 2011 showed that Thailand had already bought gold twice … Read moreCentral banks actively buy gold