by Peter Schiff, Schiff Gold:
Yet another country wants gold.
On Monday (Sept. 25), the Bank of Tanzania (BoT) announced it is buying gold from domestic sources to establish its own reserves.
Tanzania Minister for Finance Dr. Mwigulu Nchemba announced plans to establish a national gold reserve during the 2023–24 budget presentation.
“The bank is therefore purchasing gold from domestic miners and traders, in Tanzanian shillings,” according to a statement released by the Bank of Tanzania (BoT).
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Yet another country wants gold.
On Monday (Sept. 25), the Bank of Tanzania (BoT) announced it is buying gold from domestic sources to establish its own reserves.
Tanzania Minister for Finance Dr. Mwigulu Nchemba announced plans to establish a national gold reserve during the 2023–24 budget presentation.
“The bank is therefore purchasing gold from domestic miners and traders, in Tanzanian shillings,” according to a statement released by the Bank of Tanzania (BoT).
