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Hey UK! It's not just Venezuela, what happened to Australia's gold?

Hey UK! It's not just Venezuela, what happened to Australia's gold?

Publicerat av Tony Harkén onsdag, 20 februari 2019.

Geopolitical and trade tensions along with US sanctions have shaken trust in the US dollar over recent years.

As a result, a number of global central banks have been boosting their national reserves of gold bullion.

In 2018, world central banks added 651.5 tons to official gold reserves, as a greater pool of regulators turned to the precious metal as a diversifier, according to data released by the World Gold Council. Some countries, like Russia and Turkey increased their gold reserves while dumping US dollar holdings at the same time. India, China, Kazakhstan, Iraq, Poland and Hungary were among the other big purchasers of the yellow metal.

Read more atHey UK!

Publicerat av

Tony Harkén

storbrittanien

Klockan i Storbritannien

GB - Time
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