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Central Bank Gold Purchases Surged 74% in 2018

CommissarJones
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Central Bank Gold Purchases Surged 74% in 2018

#199188

Postby CommissarJones » February 5th, 2019, 11:02 pm

The annual total of 651.5 tons was the highest since the US ended the dollar's convertibility into gold in 1971, and the second-highest on record, according to the World Gold Council. (1967 was the peak year.)

https://www.gold.org/goldhub/research/g ... stitutions

Link to full report:

https://www.gold.org/goldhub/research/g ... -year-2018

Nemo
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Re: Central Bank Gold Purchases Surged 74% in 2018

#207602

Postby Nemo » March 14th, 2019, 9:20 am

I read similar a few times and just wonder why the price of gold doesn't rise very much

It has long been suspected (and sometimes proved) that the banks are manipulating gold prices, but there is only so much that they can do with such bulk buying


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