Category: gold buying

Scrutiny Over Perth Mint’s Gold Sale to Former Criminal

March 6, 2023
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A notorious former bikie was reportedly allowed to purchase tens of thousands of dollars worth of gold from the Perth Mint in Western Australia without extensive screening. Dayne Brajkovich, a former Hells Angels bikie who has served time in prison for drug offences, purchased $27,000 in gold from the mint in June last year, ABC’s…

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Central Bank Losses Make Them Buy Record Amounts of Gold

January 2, 2023
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Commentary In 2022, central banks will have purchased the largest amount of gold in recent history. According to the World Gold Council, central bank purchases of gold have reached a level not seen since 1967. The world’s central banks bought 673 metric tons in the first three quarters of 2022, and in the third quarter,…

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Why China and Others Are Selling US Dollars and Buying Gold

December 14, 2022
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Some interesting recent data remind us of the importance of paying attention to what governments actually do, not just what they say. Central banks are on a gold-buying spree, and they are using their U.S. dollar foreign reserves to fund it. According to a report by the World Gold Council, central banks have bought more…

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