Currently, governments all over the world are aggressively increasing gold reserves over paper money. Countries like China, Russia and India, are actively adding to their gold reserves. Some financial experts predicted that Russia would liquidate its gold reserves for dollars in order to resuscitate its weakening currency. However, the Russian government is acting on the contrary by replenishing its gold…
Tag: gold reserves
Traditional Economic and Political Order Shifts over Gold Reserves
In the past few years, countries like China and Russia have placed a sudden emphasis upon leveraging gold reserves. This gaining interest has be witnessed by the financial system all over the world continuously. With a common interest shared between the countries, energy and infrastructure related trade between both the countries have also seen a massive surge, resulting in extended…
Eurozone Stress Spurs Gold Repatriation Demand
In the past several years, many countries from all over the world have repatriated their gold reserves held offshore. Even European countries have started following the trend off late. This gives a clear indication about the future economic trends that are likely to happen. Central European countries such as Netherlands, Belgium, Germany and Austria combined have nearly 4,000 tons of…
The Central Banks are Repatriating Gold
Of late, a new pattern has been emerging with gold reserves that translates to the fragility of the financial and currency system present in the modern day world. As the central banks of China and Russia are piling up their reserves, the precious metals speculators are paying close interest regarding the financial order that is emerging out of the process. The central…