In particular the central bank of Russia lifted its gold reserves to 936.6 tons after buying 18.6 tons of gold on domestic market, but that paled in comparison to other countries…
So in a surprise to me – note…
Turkey, which last year began to accept gold as collateral from commercial banks, reported a substantial increase in its holdings by 44.7 tons to 288.9 tons…
While I have been following Russia and her gold buying spree, I have to say that Turkey made a huge increase in around a year period of time and at the pace it is going, It will accumulate a lot of gold real quick…
Then I became aware of a whole bunch of countries converting those dollars into gold, silver and platinum. Yes Google around and you will discover under the trying to hide the data bull, lots of little articles about many countries are buying up gold…
Small examples: Korea, increased its holdings by 15.5 tons in July, bringing its total central bank gold holdings to 70 tons. Kazakhmys PLC said earlier this year that it had been selling inventories of gold bars to the National Bank of Kazakhstan. Ukraine, added 0.2 tons of gold to its reserves, bringing its total gold holdings to 33 tons. Kyrgyz Republic added gold to holdings, from 0.1 ton to 2.8 tons…
But all the while Western countries are selling their gold a little at a time. Just look around and open your eyes…
Total world gold increase in the last few months is a process that we should be watching and not ignoring…
Kyle Keeton
Windows to Russia…
Just take a look at this link…
China Buys North Korea Gold Reserves as South Korea Increased Gold Reserves By 30% (16 Tonnes); Paraguay Buys First Time: <<< Read more >>> http://www.businessinsider.com/china-buys-north-korea-gold-reserves-as-south-korea-increased-gold-reserves-by-30-16-tonnes-paraguay-buys-first-time-2012-9#ixzz27rHmd76Y