You are here

Bullion Star infographic: Central bank gold buying and repatriation

Section: Daily Dispatches

By Torgny Persson
Bullion Star, Singapore
Friday, March 13, 2020

Gold buying by central banks is at a 50-year high, with sovereign gold buyers having added a net 650 tonnes of physical gold to their strategic monetary reserves in each of the years 2018 and 2019.

Central banks purchase gold for a number of reasons, chief among them being that gold provides protection in times of acute market crisis and stress. Gold is "a major line of defense under extreme market conditions," says the Hungarian central bank. "Gold provides a kind of anchor of trust, especially in times of stress and crisis," states the Polish central bank. According to the German Bundesbank, "gold is a type of emergency reserve that can also be used in crisis situations."

... Dispatch continues below ...



ADVERTISEMENT

Storage and Withdrawal of Gold with Bullion Star in Singapore

Bullion Star is a Singapore-registered company with a one-stop bullion shop, showroom, and vault at 45 New Bridge Road in Singapore.

Bullion Star's solution for storing bullion in Singapore is called My Vault Storage. With My Vault Storage you can store bullion in Bullion Star's bullion vault, which is integrated with Bullion Star's shop and showroom, making it a convenient one-stop shop for precious metals in Singapore.

Customers can buy, store, sell, or request physical withdrawal of their bullion through My Vault Storage® online around the clock. Storage rates are competitive.

For more information, please visit Bullion Star here:

https://www.bullionstar.com/



With the financial and monetary system undergoing monumental dislocations across all asset classes, the gold accumulation and holding strategies of these central banks look more shrewd than ever.

Many influential central banks have also been withdrawing thousands of tonnes of gold from the Bank of England and U.S. Federal Reserve vaults and flying it back to the security and safety of their home countries.

But why are central banks buying more gold bars than at any time since 1971? And what has spooked countries such as Germany, the Netherlands, Poland, and Hungary that they no longer have confidence in holding their sovereign gold reserves at custodian vaults in London and New York?

With this visually impressive new infographic from BullionStar, you can now find the answers. ...

... For the remainder of the report:

https://www.bullionstar.com/blogs/bullionstar/infographic-central-bank-g...

* * *

Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

http://www.gata.org/files/GATA-4-wine-bottles.jpg

Buyers can compose their case by choosing as many as four varietals from the list here:

http://www.gata.org/files/FayJWineryVarietals.jpg

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16