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IPMI and Industry News: Industry News

Central Bank Gold Buying

Wednesday, October 17, 2018  
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Lawrie Williams: Central Bank gold buying – New kids on the block

Over the past few years one of the most cited demand elements in the gold supply/demand equation has been the switch from the world’s central banks’ positions as gold sellers to being gold buyers.  However there have actually been very few reported buyers, but those which have been buying are, for the most part, significant ones – namely China (which is probably still adding to its reserves but not reporting this to the IMF) and Russia (which has been adding to reserves at a rate of  over 200 tonnes a year).  - Sharps Pixley 10/17/2018

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