• Yes to Cash on Twitter
  • Facebook Social Icon
  • LinkedIn Social Icon
  • Google+ Social Icon

© 2017 Global Yes-To-Cash.  All rights reserved.  All wrongs reversed.

Please reload

Recent Posts

WHAT A NATION NEEDS MOST

February 25, 2018

1/5
Please reload

Featured Posts

Germany Increases Gold Reserves In September For The First Time In 21 Years – IMF

October 23, 2019

 Source: Bloomberg


◆ The gold reserves of the German Bundesbank rose in September for the first time in 21 years; German gold reserves rose to 108.34 million ounces in September from 108.25 million ounces last month

◆ It was the Germany’s first gold purchase since 1998 and while the amounts are not huge at 90,000 troy ounces, it highlights the Bundesbank and German concerns about the global monetary system and euro itself as Christine Lagarde takes over the ECB

◆ International Monetary Fund (IMF) data shows central banks continued their 2019 gold buying spree in September with the UAE, Kazakhstan and Belarus all adding to their gold reserves

◆ Turkey’s gold reserves increased by another one million ounces in September as tensions with the U.S. and geopolitical risks escalated

◆ Central bank gold reserves are normally reported on in the financial media but the German gold purchase has only been covered on the Bloomberg terminal (see above)
 

 

(Source: Click here)
 

Tags:

Share on Facebook
Share on Twitter
Please reload

Follow Us
Please reload

Search By Tags