>Gold buying by central banks hits its highest level in almost three >years>Central banks around the world have upped their spending on gold >to the highest level in almost three years, according to the World >Gold Council (WGC).>More than 148 metr

Name
Email
Subject
Comment *
File	Select/drop/paste files here
Password	(Randomized for file and post deletion; you may also set your own.)
Archive	Archive [500 char limit]
* = required field	[▶ Show post options & limits] Confused? See the FAQ.

Embed	(replaces files and can be used instead)
Voice recorder	Show voice recorder (the Stop button will be clickable 5 seconds after you press Record)
Options	Do not bump (you can also write sage in the email field) Hide country (this board displays your country when you post if this is unchecked)
Allowed file types:jpg, jpeg, gif, png, webm, mp4, swf, pdf Max filesize is 16 MB. Max image dimensions are 15000 x 15000. You may upload 5 per post.

File: 2a0a5c3887f2bc7⋯.jpg (287.79 KB, 1599x1256, 1599:1256, 1_oz_gold_plated_post_nazi….jpg)

Anonymous 11/03/18 (Sat) 13:20:36 63443f No.3456

>Gold buying by central banks hits its highest level in almost three >years

>Central banks around the world have upped their spending on gold >to the highest level in almost three years, according to the World >Gold Council (WGC).

>More than 148 metric tons of gold were bought by the national >banks in the three months to the end of September, a rise of 22 >percent on the same period last year.

Using the current spot price of $1,223 per troy ounce, the gold purchases by the banks added up to a $5.82 billion spending splurge on the precious metal.

Russia's central bank led the buying, purchasing more than 92 tons of gold. This marked the country's biggest quarterly net purchase on records that stretch back to 1993.

>While all eyes are on the oil price and the ruble to dollar rate, the >Central Bank of Russia has quietly been buying huge volumes of >gold over the past year. In January, 2016, the latest data available, >the Russian Central Bank again bought 22 tons of gold, around >$800 million at current exchange rates, that, amidst US and EU >financial sanctions and low oil prices. It was the eleventh month in >a row they bought large gold volumes. For 2015 Russia added a >record 208 tons of gold to her reserves compared with 172 tons for >2014. Russia now has 1,437 tonnes of gold in reserve, the sixth >largest of any nation according to the World Gold Council in >London. Only USA, Germany, Italy, France and China central >banks hold a larger tonnage of gold reserves.

>Only slightly smaller volumes of gold are being bought in past >months by China. And a significant monthly addition to its gold >reserve is being made as well by Kazakhstan. For the past forty >months, Kazakhstan, has been increasing its central bank gold >reserves. Kazakhstan along with Russia is a member of the >Eurasian Economic union along with Belarus, Armenia and >Kyrgyzstan. Belarus ghas also been increasing its bullion reserves.

____________________________

Disclaimer: this post and the subject matter and contents thereof - text, media, or otherwise - do not necessarily reflect the views of the 8kun administration.

Anonymous 11/03/18 (Sat) 18:43:47 6cc075 No.3457

who are you quoting

Disclaimer: this post and the subject matter and contents thereof - text, media, or otherwise - do not necessarily reflect the views of the 8kun administration.

Anonymous 11/11/18 (Sun) 16:38:16 115504 No.3493

Scammers telling you to buy silver and gold

Price should be the same as rubber or plastic

Disclaimer: this post and the subject matter and contents thereof - text, media, or otherwise - do not necessarily reflect the views of the 8kun administration.

Anonymous 12/22/18 (Sat) 08:29:02 6bc459 No.3686

>>3457

Greentext isn't necessarily used for quoting people. It's also used to explain things in a sort of "third person" style.

Disclaimer: this post and the subject matter and contents thereof - text, media, or otherwise - do not necessarily reflect the views of the 8kun administration.

Anonymous 12/28/18 (Fri) 23:04:39 8fd506 No.3707

>>3686

the formatting of OP is extra faggoty tho

Disclaimer: this post and the subject matter and contents thereof - text, media, or otherwise - do not necessarily reflect the views of the 8kun administration.

Anonymous 01/06/19 (Sun) 00:36:51 e992a6 No.3748

>russia

>buying gold

of course they do

because they have to

the rouble is in free fall and they try to dampen it and restore investor confidence by buying barbarous relics and stashing them in vaults

however, the main problem is that russia is a rulecuck country with no functioning legal system and no sane person would ever want to invest his money there

they better fix their country first

Disclaimer: this post and the subject matter and contents thereof - text, media, or otherwise - do not necessarily reflect the views of the 8kun administration.

Anonymous 01/12/19 (Sat) 20:37:05 1fb881 No.3770

What the fuck is your problem with gold /biz/?

It's real world value unlike shitcoin and yet everyone is like

"Oh no, no, when the crash happens you have to sell everything and wait with your money"

Yeah sure and convert it into 100 trillion Zimbabwe dollars, which in turn will be firewood when new money gets printed. They will laugh at your piles of toiletpaper. All the big guys pile up gold before the crash happens then buy every property and factory piss cheap during it.

Why am I saying this? Money deflation is a scam. Look at the big crash in the 20th century:

Lets take the stock price of gold. You can buy more gold when it dips/"inflates" and it will be worth more when it goes back, right? Obviously.

When the dollar does the same during a crash it "fails", money gets replaced because it's worth changes in orders of magnitude. People pass around million dollar notes, then it gets DESTROYED. New currency is made and everybody seems to memoryhole that the old notes should worth what it claims but with its new worth, but "we don't accept it because it (((expired))) you dumb". WTF /BIZ/ Don't you see crash mechanics for what they are? You can't survive a crash with cash. It's the stupidest thing I've ever heard.

>but its not the same. cash is about buying power REEEE everyone would be a millionaire

Tell that to kike who buys up your entire district for a sack of potatos.

This meaningless buying power meme is totally false. You can convert valuable items into it's worth during any period and you get the equivalent in money. ITS NOT THE SAME BACKWARDS. "Why?" you may ask: Because fuck you. You can't gain from steep rise and fall, only from slow burn or rise. That's fine though. Kikes make an exception so nobody can gain, but them.

Kings made gold coins and diluted them with certain metals to change its worth once in a while and the old one retained their original value, but this currency jewing is disgusting and robs everyone.

Disclaimer: this post and the subject matter and contents thereof - text, media, or otherwise - do not necessarily reflect the views of the 8kun administration.

Anonymous 01/14/19 (Mon) 17:33:49 d69bb5 No.3774

>>3770

Besides you being kinda butthurt I agree with you.

I only got one question: If the west, ie. USA, Canada, England etc. are selling their gold to Russia and China through Switzerland, what is this an indicator of?

Emerging markets and stronger economies in the east?

Disclaimer: this post and the subject matter and contents thereof - text, media, or otherwise - do not necessarily reflect the views of the 8kun administration.