Why Are Central Banks Buying Gold?

Russia Turkey and Kazakhstan lead central banks in gold purchases.

Major western (U.S., German, French and Italian) and Asian banks (Chinese Indian and Japanese) are not adding to their gold reserves.

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Gold reserves by Country Top Ten June 2018

Gold reserves by country top 11-20 june 2018

As of the end of May 2018, the Central Bank of Kazakhstan was the 15th largest gold holding nation.

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