10 Countries Sitting on Gigantic Piles of Gold

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"According to the World Gold Council, global central banks bought 157.5 tonnes of gold in the second quarter, up 63% quarter-over-quarter and up 137.9% year-over-year."

Business Insider, Mamta Badkar

Gold prices have been supported by central bank gold purchases.

According to the World Gold Council (WGC), global central banks bought 157.5 tonnes of gold in the second quarter, up 63 percent quarter-over-quarter and up 137.9 percent year-over-year

In fact, there is a school of thought that suggests Eurozone members use gold as collateral for sovereign debt issuance to keep bond yields. . .View Full Article

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