June 28 Will Be a Huge Day for Gold

[Bigmarc]

20 hours ago, Geovest said:

Watch what the Russians and Chinese are doing. They are both still buying gold and reducing USD reserves. 

I agree that there will probably not be a quick uplift in gold, although it is possible, but in the medium term will increase substantially.

How do I find out what country's are buying gold?

[HerefordBullyun]

5 minutes ago, Bigmarc said:

How do I find out what country's are buying gold?

https://www.gold.org/goldhub/data/monthly-central-bank-statistics

[Geovest]

20 minutes ago, Bigmarc said:

How do I find out what country's are buying gold?

It is also covered in various news articles. China is the most difficult one as they have official holdings and unofficial holdings in wealth funds etc. They have recently authorised substantial permits for gold imports.

[HerefordBullyun]

1 minute ago, Geovest said:

It is also covered in various news articles. China is the most difficult one as they have official holdings and unofficial holdings in wealth funds etc. They have recently authorised substantial permits for gold imports.

They also lie to the amount they actually hold and declare. I wouldnt be suprised if india and russia are the same also.

[GoldenGriffin]

22 minutes ago, Bigmarc said:

How do I find out what country's are buying gold?

 

16 minutes ago, HerefordBullyun said:

https://www.gold.org/goldhub/data/monthly-central-bank-statistics

And how many Olympic sized swimming pools does that equate to? 

Does that mean the UK have a "paddling pool" sized equivalent of gold reserves?

We need a square added for TSF reserves 😊

I had 190,000 tonnes of gold mined globally, as sourced in March 2020 (figure not necessarily as at March 2020).  

[Geovest]

1 minute ago, HerefordBullyun said:

They also lie to the amount they actually hold and declare. I wouldnt be suprised if india and russia are the same also.

Totally agree!

[Paul]

i bet China didn't buy their gold from wish.com or alibaba 😆

[HerefordBullyun]

interesting piece from SD bullion about the LMBA - have watch of the video

https://www.zerohedge.com/news/2021-07-11/reddit-wall-street-silver-gets-reuters-snobbery

[Uksilverstackers]

1 hour ago, HerefordBullyun said:

They also lie to the amount they actually hold and declare. I wouldnt be suprised if india and russia are the same also.

Absolutely no-one fully declares how much gold they have.... 🤫