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POSTED ON October 11, 2017  - POSTED IN Key Gold Headlines

We talk a lot about India’s love affair with gold. The Asian nation ranks as the second largest gold consumer in the world, behind only China. Gold is intimately intertwined with Indian cultural and marriage rights, and it serves as a vital cog in India’s economy,  both above ground and underground.  But the yellow metal has a new lover vying for its attention.

Germany.

POSTED ON August 24, 2017  - POSTED IN Key Gold Headlines

Germany has finished bringing home $31 billion of gold.

In early 2013, the Bundesbank announced a plan to repatriate massive amounts of its physical gold reserves back into Germany. The goal was to have half of its gold back within the country’s borders by 2020.

This week, the central bank announced it moved the final 100 tons from Paris earlier this year. It completed the move three years ahead of schedule.

POSTED ON June 12, 2017  - POSTED IN Key Gold Headlines

Germany continues to bring its gold home.

In early 2013, the Bundesbank announced a plan to repatriate massive amounts of its physical gold reserves back into Germany. The goal is to have half of its gold back within the country’s borders by 2020. At nearly 3,400 tons, Germany’s gold reserves currently rank as the second-largest in the world.

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