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POSTED ON January 11, 2022  - POSTED IN Original Analysis

Ireland has added more gold to its reserves as inflation worries mount.

According to the latest data, the Central Bank of Ireland purchased $88 million ($78 million euros) in gold in November, adding to the two tons it added to its holdings in previous months. With the latest purchases, the Irish central bank has boosted its gold reserves by over three tons in a three-month period.

POSTED ON July 6, 2021  - POSTED IN Key Gold Headlines

Central banks globally added another net 56.7 tons of gold to their reserves in May as more banks dip into the gold market, according to the latest data compiled by the World Gold Council.

Gold-buying by central banks slowed last year from the record pace we saw in 2018 and 2019. That trend has continued into 2021, but buying is ahead of last year’s pace as many countries continue to load up on the yellow metal.

POSTED ON June 13, 2021  - POSTED IN Original Analysis

The Federal Reserve is the engine that drives one of the biggest, most powerful governments in the history of the world.

Without the Fed, it would be difficult, if not impossible, for the government to fund its foreign wars, its massive, unsustainable social programs, the ever-growing police state, and the tangled web of corporate welfare programs. It’s almost certain none of this would exist as we know it today – not even close. The federal government would truly be limited.

POSTED ON April 21, 2021  - POSTED IN Key Gold Headlines

In one of the biggest central bank gold buys in decades, Hungary tripled its gold reserves last month.

The National Bank of Hungary (Magyar Nemzeti Bank, MNB) bought 63 tons of gold, increasing its gold holdings to 94.5 tons, a record high for that country.

POSTED ON April 8, 2021  - POSTED IN Key Gold Headlines

Despite a significant selloff by Turkey, central banks globally added a net 8.8 tons of gold to their reserves in February, according to the latest data compiled by the World Gold Council.

Gold-buying by central banks slowed last year from the record pace we saw in 2018 and 2019, and that trend has continued into 2021, but many countries continue to load up on the yellow metal. Turkey and Russia’s sales through the first two months of the year have pushed net central bank reserves down, even while several countries continue to boost their gold holdings.

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