◆ China has added more than 100 tons of gold bullion bars to its gold reserves since it resumed buying in December; China’s gold holdings rose to 62.64m ounces in September, an increase of 190,000 ounces in one month ◆ The People’s Bank of China (PBOC) increased it’s gold reserves for a 10th straight month in September, reinforcing its standing as one of the major official accumulators as many creditor nation central banks stock up on the precious metal ◆ China and central banks around the world need a hedge against their massive, near non yielding dollar holdings and central banks are trying to reduce their exposure to the dollar ◆ Investors globally need a hedge due to their massive dollar and negative interest rate bond and fiat currency exposure Spot Gold
Topics:
Mark O'Byrne considers the following as important: 6a) Gold & Bitcoin, 6a.) GoldCore, Daily Market Update, Featured, newsletter
This could be interesting, too:
Eamonn Sheridan writes CHF traders note – Two Swiss National Bank speakers due Thursday, November 21
Charles Hugh Smith writes How Do We Fix the Collapse of Quality?
Marc Chandler writes Sterling and Gilts Pressed Lower by Firmer CPI
Michael Lebowitz writes Trump Tariffs Are Inflationary Claim The Experts
◆ China has added more than 100 tons of gold bullion bars to its gold reserves since it resumed buying in December; China’s gold holdings rose to 62.64m ounces in September, an increase of 190,000 ounces in one month
◆ The People’s Bank of China (PBOC) increased it’s gold reserves for a 10th straight month in September, reinforcing its standing as one of the major official accumulators as many creditor nation central banks stock up on the precious metal ◆ China and central banks around the world need a hedge against their massive, near non yielding dollar holdings and central banks are trying to reduce their exposure to the dollar ◆ Investors globally need a hedge due to their massive dollar and negative interest rate bond and fiat currency exposure |
Spot Gold Price USD |
Focus On Gold’s Safe Haven Value, Not Gold $16,000 and Silver $700 Prices ! |
Tags: Daily Market Update,Featured,newsletter