Official Gold Reserves: These Countries stocked up

According to the World Gold Council’s latest listing, India, Qatar and Uzbekistan recently added the most to their gold reserves.
According to the World Gold Council’s latest listing, India, Qatar and Uzbekistan recently added the most to their gold reserves.
The prices of gold and silver have risen significantly this year, the silver price even more than the gold price. How should the retracement of the gold silver ratio be assessed?
A viral mutation sends European stock markets down. A gold price breakout was initially thwarted on Monday.
The United States has already received nearly 500 tons of gold from Switzerland this year. India was again the largest buyer of gold from Swiss refineries in November.
German precious metals retailer Pro Aurum reports a 50 percent increase in sales over the course of the year. For the year as a whole, the company is looking at sales of around 50 tons of gold.
German precious metals dealers report a rapid increase in demand for gold and silver following the announcement of a harsh nationwide lockdown.
From the world’s largest gold ETF, 397 million U.S. dollars in investor funds were again withdrawn last week.
Gold bought cheaply? The Bank for International Settlements‘ gold holdings are believed to have increased by about 14 tons in November.
The Bank for International Settlements‘ gold positions have declined by USD 6.86 billion over the past two months. That was equivalent to 134 tonnes of gold. Has the BIS influenced the price of gold?
How much gold is there in the world? What makes it so expensive? What are the chances of finding gold yourself?
Switzerland delivered significantly less gold abroad last month than a year ago. With one prominent exception: gold exports to China rose by 59 percent.
In June, Turkey imported 82 percent less gold than a year ago. However, the figures for the first half of the year are 92 percent higher than in the previous year. The increased sanctions against Iran could play a role.
Official data on China’s gold reserves have remained unchanged at 59.24 million ounces for the past 20 months. And there are still doubts about the figures.
At the beginning of July, US banks‘ selling positions in US gold futures trading fell by more than a quarter. Institutions‘ interest in a lower gold price should also decline accordingly.
The Iranian leadership wants to collect 300 million euros in cash from a Bundesbank account. Iran is also hedging itself against sanctions with gold.
The CPM Group expects demand for gold to rise in the wake of US sanctions against Iran. According to the Middle East industry consultant, oil versus gold transactions are likely to experience a new economic situation.
In the first quarter of 2016, Iran asked for almost 15 tons of gold in the form of coins and bars alone. The country thus dominates the gold investment market in the „Middle East“.
Two North-American investment companies were the biggest purchasers of SPDR Gold Trust-shares in Q1’2015.
Last year Switzerland has globally exported gold worth 65 billion Swiss Francs. India was the biggest buyer, Germany was ranked 5th. Russia delivered 55 tons more than it withdrew.
The latest gold share of Swiss currency reserves was 7.5 percent. After abandoning the Francs-Euro-peg the SNB could now trade Euros for gold.