Gold reserves – Page 3 – THE OVAL CIRCLE

Central banks do not have the physical gold they pretend to have, fund manager tells Keiser Report

Posted on February 4, 2021February 4, 2021By Editor

Max Keiser interviews Egon von Greyerz of GoldSwitzerland.com about the impossibility of price discovery because of the paper gold market, in which $70 trillion is traded every year against $213 billion annual mine production. … Read More >Central banks do not have the physical gold they pretend to have, fund manager tells Keiser Report

Business

Russia ramps up gold production despite pandemic

Posted on January 26, 2021January 26, 2021By Editor

Gold mining companies of Russia’s Far Eastern Kamchatka Peninsula produced more than 6.8 tons of the yellow metal last year, which is an almost eight percent increase year-on-year. … Read More >Russia ramps up gold production despite pandemic

Business

Share of gold in Russian national reserves beats US dollar holdings for first time ever

Posted on January 13, 2021January 13, 2021By Editor

The gold share of Russia’s foreign exchange holdings rose to 22.9 percent over the year to June 30, 2020, according to data revealed by the country’s central bank. … Read More >Share of gold in Russian national reserves beats US dollar holdings for first time ever

Business

Russia’s weekly gold & foreign currency reserves jump by $6.5 billion

Posted on December 25, 2020December 25, 2020By Editor

Russia’s foreign exchange holdings rose by over one percent in one week to reach a total of $593.6 billion, according to the latest central bank data. … Read More >Russia’s weekly gold & foreign currency reserves jump by $6.5 billion

World

Guaido’s Team Urged to Comply With UK Court Order in Venezuelan Gold Litigation, Lawyers Say

Posted on November 20, 2020November 20, 2020By Editor

The UK judge presiding over the case of the Venezuelan gold in the Bank of England urged the legal team representing Venezuela’s self-proclaimed president Juan Guaido to find “better excuses” for its failure to comply with a UK court order to pay for the legal costs of the appeal it lost in October. … Read More >Guaido’s Team Urged to Comply With UK Court Order in Venezuelan Gold Litigation, Lawyers Say

Business

Russia’s gold & foreign currency reserves surge by over $3 BILLION in one week

Posted on November 13, 2020November 13, 2020By Editor

Russia’s foreign exchange holdings have risen for the second consecutive week to reach $587.6 billion, according to the latest data released by the country’s central bank. … Read More >Russia’s gold & foreign currency reserves surge by over $3 BILLION in one week

Business

Russia adds $4.5 BILLION to foreign exchange reserves in 1 week

Posted on November 2, 2020November 2, 2020By Editor

Russian gold & foreign currency reserves have increased to $589.8 billion, according to the latest data released by the central bank. … Read More >Russia adds $4.5 BILLION to foreign exchange reserves in 1 week

Business

Russia’s weekly gold & foreign currency reserves surge by over $5 BILLION

Posted on October 9, 2020October 9, 2020By Editor

Russia continues to boost its gold and foreign exchange (forex) holdings, which have reached a total of $585.8 billion according to the latest data released by the country’s central bank. … Read More >Russia’s weekly gold & foreign currency reserves surge by over $5 BILLION

Latin America

UK Solidarity Group Welcomes Appeal Court Ruling on Venezuelan Gold

Posted on October 7, 2020October 7, 2020By Editor

Venezuelan National Constituent Assembly member María Alejandra Díaz called the court victory a step forward, but feared the British government Bank of England would use stalling tactics to avoid transferring the 31 tons of bullion to the UN Development Programme to buy humanitarian aid for South American country. … Read More >UK Solidarity Group Welcomes Appeal Court Ruling on Venezuelan Gold

Business

Venezuela wins UK court decision in battle to get its gold back

Posted on October 5, 2020October 5, 2020By Editor

The UK’s appeals court has ruled in favor of President Nicolas Maduro’s government in the battle to repatriate Venezuela’s $1 billion worth of gold held at the Bank of England, reversing an earlier decision. … Read More >Venezuela wins UK court decision in battle to get its gold back

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