Indonesian authorities are currently holding consultations with officials from the central bank and representatives of the mining sector. “Our exports have gone to transit countries because they have better gold trading systems, either in the form of bullion banks or better bourses than ours,” Lutfi said as quoted by Bloomberg. …
Read More »Russian govt gives go-ahead for piling of National Wealth Fund into gold bullion
“Financial reserves of the NWF can be allocated in the accounts of the Bank of Russia in the form of precious metals, gold in particular, which is traditionally seen as one of the defensive assets,” the cabinet’s press office said. According to the government, the decision, proposed in late 2020, …
Read More »