Tuesday, July 11, 2023

Central banks repatriating gold in wake of sanctions against Russia, study finds

Not sure what the import of this is, but it certainly seems to be unusual! 

Alert: I am not a gold bug! 😊

"An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to an Invesco survey of central bank and sovereign wealth funds published on Monday. ...
Over 85% of the 85 sovereign wealth funds and 57 central banks that took part in the annual Invesco Global Sovereign Asset Management Study ..."

Countries repatriating gold in wake of sanctions against Russia, study finds | Reuters


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