Top Story 360

China’s Unwavering Gold Rush: Acquiring an Extra 188 Tons Despite Already Holding 2,100 Tons in Reserves within the First Seven Months of the Year

October 9, 2023 by admin Leave a Comment

Cơn ‘cuồng’ mua vàng của quốc gia này vẫn chưa kết thúc: Đã mua 188 tấn trong 7 tháng đầu năm, ‘ôm’ tổng cộng hơn 2.100 tấn vàng dự trữ - Ảnh 1.

In July, central banks of several nations continued to make significant gold purchases in order to increase their gold holdings. According to statistics from the Council, central banks made a net purchase of 55 tons of gold.

The largest buyer in July was the People’s Bank of China, which added 23 tons of gold to its reserves.

China has a history of consistently building up its reserves, followed by periods of silence.

From 2002 to 2019, the People’s Bank of China accumulated 1,448 tons of gold and then had minimal activity until resuming purchases since last fall.

There have always been speculations that China holds more gold than it officially discloses.

Apart from China, another country increasing its gold purchases is Turkey.

According to statistics, the total amount of gold purchased by central banks in 2022 is 1,136 tons.

According to the recent 2023 central bank gold reserves survey released by the World Gold Council, 24% of central banks plan to add gold to their reserves in the next 12 months.

Filed Under: Gold

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Recent Posts

  • EXCLUSIVE: The Entire NBA Is LOSING IT Over Caitlin Clark — Steph Curry BREAKS His Silence Live on Air
  • SHOCKING REJECTION: Riley Gaines Turns Down $3 Million Nike Deal—“I’d Rather Lose Money Than Save a Woke Brand” Why would an athlete give up millions of dollars? Riley Gaines just stunned the sports world by turning down a $3 million sponsorship offer from Nike—and she’s not backing down. Her powerful words, “I’d rather lose money than save a woke brand,” are stirring up debate. What message is she really sending, and how is Nike responding behind the scenes? The ripple effects may just be beginning…
  • 🚨 BREAKING: NBA legend LeBron James has allegedly been called to the witness stand in the ongoing federal investigation involving Sean “Diddy” Combs.
  • LEBRON JAMES CALLED HER “KKK OLD LADY”… BUT JEANINE PIRRO’S 17 CALM WORDS BROUGHT HIM TO SILENCE…
  • BREAKING NEWS: Nearly 3 Toпs of Food Flowп by 6 Private Plaпes from Dallas to Texas — Eloп Mυsk’s Name Appears, Revealiпg the Trυe Hero Behiпd the Hυmaпitariaп Act That Broυght Millioпs to Tears

Recent Comments

  1. Alfredo Canedo Jr on Caitlin Clark’s Absence from the WNBA Playoffs Sends a Strong Message After Record-Breaking Viewership, Highlighting the Impact of Rising Stars .giang
  2. A WordPress Commenter on Hello world!

Copyright © 2025 · Paradise on Genesis Framework · WordPress · Log in