“China’s Steadfast Gold Acquisition: Amassing 2,100 Tons of Gold Reserves, Including 188 Tons in the Initial Seven Months of the Year”

“Accumulating 2,100 tons of gold reserves, including 188 tons in the first seven months of the year, China’s robust gold buying fгeпzу continues.”

In July, the central banks of пᴜmeгoᴜѕ nations continued to make substantial gold purchases to increase their gold holdings. In July, central banks made a net рᴜгсһаѕe of 55 tons, per statistics from the Council.

Of these, the People’s Bank of China was the largest buyer in July, adding 23 tons of gold to its reserves.

China has a history of consistently building up its reserves, then going silent for long periods of time.

During the period from 2002 to 2019, the People’s Bank of China accumulated 1,448 tons of gold then had almost no further moves until continuing to buy since last fall.

In fact, there have always been speculations that China holds more gold than it officially discloses.

Besides China, another “power” that is also increasing gold purchases is Türkiye.

According to statistics, the total amount of gold purchased by central banks in 2022 is 1,136 tons.

According to the 2023 central bank gold reserves survey recently released by the World Gold Council, 24% of central banks plan to add gold to their reserves in the next 12 months.

Related Posts

World’s Richest Mom Reveals Bizarre Habits That Turned Elon Musk Into a Genius

All About Elon Musk’s Mother Maye Musk The model and nutritionist has a close relationship with her billionaire son Photo: Pascal Le Segretain/Getty Maye Musk might be the mother of Elon Musk,…

Read more

Elon Musk for Cabinet? Rumors Swirl After Tech Billionaire Allegedly Backs Trump’s Election Victory… See more.

13 November 2024, 00:55 | Updated: 13 November 2024, 01:21 Donald Trump has appointed Elon Musk to his cabinet when he becomes president. Picture: Getty Incoming US president Donald Trump’s…

Read more

Britain’s youngest mum: Girl who was pregnant at 11 says she will fight to see her daughter

Aged just 12 years old, this is Britain’s youngest mother holding her newborn baby. Still a child herself, the new parent’s sunken, fearful eyes and inability to smile transform what…

Read more

SHOCKING NEWS: Aishwarya Rai refused to act in a Hollywood movie with Brad Pitt because she promised that “I will never work with someone like … Read more

Aishwarya Rai was offered a pivotal role in Brad Pitt-starrer Troy but she turned it down because she had made promises in India. Aishwarya Rai was a movie star in…

Read more

Justin Bieber weinte laut und gab zu, dass Meek Mill und Diddy ihn wild aufgefressen hatten … mehr sehen…

Justin Bieber, dem die Tränen über die Wangen liefen und den Schmerz in seinem Herzen widerspiegelten, gab zu, dass Meek Mill und Diddy ihn brutal „geschlagen“ hatten, nicht nur mit…

Read more

GERADE EINGETROFFEN: Will Smith bricht zusammen, nachdem Aufnahmen von ihm und Diddy durchgesickert sind! Die ganze Geschichte.

Sean „Diddy“ Combs sitzt zwar hinter Gittern, aber das hielt ihn nicht davon ab, sein Schweigen in den sozialen Medien zu brechen, um den Geburtstag seiner Tochter zu feiern . Während er sich…

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *