Nation-states clearly see central bank policy. They must protect their economies from the ravages of money printing, which is why so many are increasing their gold holdings. We at Liberty Metals keep an eye on this and here is what we noticed recently:
Kazakhstan has been adding to its gold reserves over the past 28 straight months whereas the Ukraine has added holdings for its very first month since August. Russia however is officially trimming its assets and decreasing gold reserves for the very first time since March of last year.
In total Kazakhstan now has gold reserves that equal around 193.5 metric tons. This is roughly a 2 ton increase over December’s totals. Ukraine has risen .3 times from the International Monetary Fund totals of years previous.
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