Anonymous ID: 8f3183 March 20, 2019, 5:40 p.m. No.5799288   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>9373

Central Banks Buying Most Gold Since 1971.

 

Over the last several years, big institutions have been acquiring gold at a feverish pace. Countries such as Russia and China accumulate massive amounts of the yellow metal each month. According to the World Gold Council, central banks added 651.5 tons of gold in 2018, an increase of 75% year-over-year while countries such as Hungary, Kazakhstan, and India increased their holdings as well. Global gold demand rose 4% year-over-year to 4,345 tons, according to the World Gold Council. Additionally, jewelry demand for gold remained level year-over-year at 2,200 tons. Demand for gold bars and coins expanded 4% to 1,090 tons last year.

 

https://www.crushthestreet.com/articles/breaking-news/central-banks-buying-most-gold-50-years