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Posts Tagged: “repatriation“
Many Countries Bringing Their Gold Home for Safekeeping
In the wake of Western sanctions on Russia after the invasion of Ukraine, many central banks are bringing their gold home for safekeeping, according to an Invesco survey of central banks and sovereign wealth funds.
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Poland Wants More Gold
Poland’s gold-buying spree isn’t over. In 2018, the National Bank of Poland began aggressively adding gold to its reserves. Through the first half of 2019, the Polish central bank added more than 100 tons of gold, nearly doubling its reserves.
Top Slovak Party Leader Wants the Country to Bring Its Gold Home
A top Slovak political party official said his country should bring its gold home because even its allies cannot be trusted with it. Ex-Premier Robert Fico chairs the biggest party in Slovakia. Last week, he called for a special parliamentary session on the country’s gold. He said the country’s gold reserves are not safe in […]
Poland Brings Gold Home; Calls It a Symbol of Strength
Poland has repatriated 100 tons of gold from England. National Bank of Poland Governor Adam Glapiński announced the yellow metal’s return home on Monday. “The gold symbolizes the strength of the country,” Glapiński told reporters.
Romania a Step Closer to Repatriating Its Gold Reserves
Romania moved another step closer to bringing all of its gold home this week. According to Romanian news outlets, the Chamber of Deputies Budget and Finance Committee released a favorable report on legislation that would require the country’s central bank to repatriate its gold and hold it within the borders of the country.
Jim Rickards Speculates About a Bank Run on the New York Fed’s Store of Gold
Could we be seeing a run on the Federal Reserve Bank of New York? Jim Rickards thinks we just might be. But it’s not your typical cash run. It’s a run on the bank’s gold. The classic image of this is the scene from the Christmas-season film It’s a Wonderful Life, with Jimmy Stewart. We’ve all […]
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.