Tag: gold buying

Scrutiny Over Perth Mint’s Gold Sale to Former Criminal

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…


Central Bank Losses Make Them Buy Record Amounts of Gold

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,…


Why China and Others Are Selling US Dollars and Buying Gold

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…