Tag: gold reserves

World Gold Council Reports Significant Error In China’s Gold Holdings

World Gold Council Reports Significant Error In China’s Gold Holdings

On Thursday this week, the World Gold Council published their monthly update on official gold holdings. As noted by ourselves, and confirmed by Zerohedge, the official holdings from China have not changed despite their massive gold imports in 2013. The first 8 months of this year saw 3/4th imports of the supposedly total holdings, which is significantly incorrect.

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Swiss Politician: Gold Reserves Guarantee Stability Of The Swiss Franc

Switzerland, which is often referred to as the most gold friendly country in the world, made its democracy work. A right-wing party succeeded in collecting some 106,000 signatures. This referendum was submitted to the federal authorities with the aim to stop the sale of gold reserves by the Swiss National Bank and to repatriate the gold that is stored in the US.

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Global Gold Reserves In 2012 By Central Banks

| February 15, 2013 | Articles: General
Global Gold Reserves In 2012 By Central Banks

The latest World Gold Council report details the global gold reserves at the end of 2012, as held by central banks. In this article, we show the latest figures in the top 40 gold reserve holdings and highlight some 2012 trends.

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Gold reserves as collateral

| May 31, 2012 | Articles: Insights

Yesterday’s big news as far as gold was concerned was a Telegraph report stating that Germany could be about to get into the “cash for gold” business in a big way. Angela Merkel is said to be increasingly favourable to the idea of countries pooling a portion of their sovereign debt into a redemption fund, with the eurozone then taking on a collective obligation to honour this debt. Member states would be obliged to pledge gold and currency reserves as collateral in case they are unable to make good on their obligations. This so-called “European Redemption Pact” gets around German courts’ constitutional objections to “Eurobonds”. It would also allow PIIGS governments to […]

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