The Central Bank of the Russian Federation will lend to banks secured with gold

The Bank of Russia introduces a new method of financing for banks: they will be able to lend to the Central Bank against gold guarantees. The measure to provide banks with liquidity is being introduced amid rapid growth in precious metal prices and high investment demand due to market volatility. The Bank of Russia begins … Read moreThe Central Bank of the Russian Federation will lend to banks secured with gold

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

The Central Bank of South Korea bought gold for the first time in 13 years

The Central Bank of South Korea has confirmed the purchase of gold for the first time in 13 years since 1998. Korea has bought 25 tons of gold to diversify its gold and foreign exchange reserves, as it is gold that is currently one of the safest investments. against the background of an unstable dollar … Read moreThe Central Bank of South Korea bought gold for the first time in 13 years

The world’s financial authorities are imposing digital currencies on us. So what do retail savers trust? The experience of the countries of Central Asia shows us the way

It seems that gold still cannot get out of the hot summer nap. No matter how hard it tries, it still fails to return to the highs of late May – early June, not to mention the highs of the late summer of 2020. Gold finished the week at $ 1.808, but on Monday dropped … Read moreThe world’s financial authorities are imposing digital currencies on us. So what do retail savers trust? The experience of the countries of Central Asia shows us the way

Gold Investment Gains Support Amid Central Bank Rhetoric

At the time of writing, silver is down 2.0% to below $ 26 an ounce, while platinum, which makes up most of its annual demand in industrial use, is unchanged from last Friday at $ 1.093. China has eased its monetary policy, allowing commercial banks to lend more money that their clients put on deposits, … Read moreGold Investment Gains Support Amid Central Bank Rhetoric

Central banks increase gold reserves

Central banks in many countries increased their gold holdings by more than 2% between 2008 and 2010, according to a report by Qatar-based financial company QNB Capital. Mostly gold was bought by the central banks of developing countries: Brazil, Russia, India and China, as well as the countries of the Middle East. An especially significant … Read moreCentral banks increase gold reserves