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Posts Tagged: “Hungary“
Who Wants Gold? SchiffGold Friday Gold Wrap April 23, 2021
There’s been some chatter in the financial media about the decline of the gold market. Gold is a relic of the past and crypto will replace it as the go-to safe haven and inflation hedge, according to some. But as host Mike Maharrey explains in this episode of the Friday Gold Wrap podcast, the demise […]
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Hungary Triples Gold Reserves
In one of the biggest central bank gold buys in decades, Hungary tripled its gold reserves last month. The National Bank of Hungary (Magyar Nemzeti Bank, MNB) bought 63 tons of gold, increasing its gold holdings to 94.5 tons, a record high for that country.
Hungary Increases Gold Reserves 10-Fold
Yesterday, the Hungarian central bank announced it recently boosted its gold reserves 10-fold. According to its website, the National Bank of Hungary (MNB) now owns 31.5 tons of gold, up from 3.1 tons. It was the first significant purchase of gold by Hungary since 1986. A statement by the bank said the increase in gold stocks was […]
Nope! Everything Is Not Great: SchiffGold Friday Gold Wrap 03.16.18
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
Hungary Plans to Bring Home All of Its Gold
Over the last several years, a number of countries have taken steps to bring their gold home. You can now add Hungary to that list.