Gold prices reach record highs amid growing global demand | World Business Watch | WION
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- čas přidán 11. 05. 2024
- China is on a gold-buying spree. For the past 18 months, the People's Bank of China has been steadily accumulating gold reserves, marking the longest buying streak on record. This strategic move reflects a global trend - central banks around the world, particularly those in emerging markets like China, Turkiye, and India, are accumulating gold at an unprecedented pace.
#gold #businessnews #goldnewstoday
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453.52 tonnes of gold are held overseas and are held with the Bank of England and the Bank of International Settlements (BIS) while only 295.82 tonnes of gold is kept domestically in Nagpur. India's 650 billion dollars worth of Forex reserves is also held in western banks which can easily be frozen or seized. India should buy gold worth at least 200 billion dollars and we should stockpile gold within India by bringing back gold stored overseas. But the west will never allow this to happen.
Will there be a Total Collapse? Multi Trillion question.
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