Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

Kazakh Central Bank Gets ‘Priority Right’ to Buy Gold !

August 27, 2011 by mosesman
Remember the Golden Rule: He who has the gold makes the rules!
  • More non western central banks are coming to their senses. They are dumping USD for physical gold. The writing is on the wall for Euro and USD! I expect gold price to reach US$2,500/oz by year end easily! Silver should reach US$55-60/oz!
    –
    Kazakh Central Bank Gets ‘Priority Right’ to Buy Gold
    By Nariman Gizitdinov, http://www.bloomberg.com/
    Kazakhstan’s central bank plans to lock up domestic supplies of refined gold by using a “priority right” it received from the government to buy bullion designated for exports amid record prices for the metal. The National Bank of Kazakhstan plans to use the buying privilege “in full” after changes go into effect Jan. 1, the Almaty-based lender said in an e-mailed statement today.
    –
    Central banks are expanding their gold reserves for the first time in a generation as bullion rises for an 11th consecutive year, the longest winning streak since at least 1920, as investors seek to diversify their holdings away from equities and some currencies. Venezuelan President Hugo Chavezlast week ordered the central bank to repatriate $11 billion ofgold reserves held in developed nations’ institutions.
    –
    Kazakhstan’s gold holdings were valued at $3.5 billion at the end of last month and accounted for about 9.5 percent of the nation’s gross international reserves, central bank data show.
    –
    The central bank may provide advance payments to Kazakh gold producers, becoming their “secure partner” in the coming years, according to the statement. The bank also asked the government to eliminate value-added tax incentives that spurred gold exports.
    –
    Existing Capacity
    Kazakh authorities are seeking to induce producers to use the existing capacity to refine gold and curtail exports of raw materials, the bank said.
    …
    The Central Asian nation produced 21.4 metric tons of gold in the first seven months, an increase of 48 percent from a year earlier, according to the state statistics agency. Refined gold accounted for about 45 percent of the total.

end

Post navigation

Previous Post:

The Great Global Warming Swindle!

Next Post:

How Israel Takes Its Revenge on Boys Who Throw Stones!

Pages

  • About

Recent Posts

  • Bill Holter: Perhaps the Fed’s Plan is to Crash the System
  • Escape The System; Complete Shutdown Could Happen Fast | Bill Holter
  • Globalist Trojan Horse To End American Freedom: Article V. and The Constitutional Convention
  • Alex Jones Returns! Wednesday Live Must Watch: Russia Warns of Looming Armageddon As Ukraine Demands Nuclear Weapons – WEDNESDAY FULL SHOW 02/01/23
  • Situation Update, Feb 1, 2023: It’s TOO LATE for NATO to Win The War Against Russia
  • Is This The Year The DOLLAR Ends?
  • The Horrors Of Ukraine: Beheaded Jews and Child Organ Harvesting Operation Found In Ukraine
  • The Vaccinated Are Getting AIDS? Deaths In Germany Surge 276% As Immunocompromised Drop Dead?
  • For Any Western Politician Who Is Still Confused, Russia Clarifies the Stakes in War With Ukraine: ‘Loss of Conventional War Could Provoke Nuclear War’
  • General McMaster “BE READY FOR WAR WITH CHINA”, Covidians Start To Admit Unvaxxed Were The Winners
  • War, Market Meltdown & More War for 2023 – Gerald Celente
  • CDC Aware of Reports of ‘Debilitating Illnesses’ After COVID-19 Vaccination: Official
  • Gold Snatched Up by Central Banks at Fastest Pace in 55 Years
  • It’s Time for the Scientific Community to Admit We Were Wrong About COVID and It Cost Lives
  • Senior Pfizer Exec Caught on Tape Revealing Possible “Mutating” COVID Research, with Michael Knowles
  • Oh SH*T Pfizer Got CAUGHT (And It’s Worse Than You Thought)
  • US Is In A Controlled Demolition, Biden Scandal, Corruption, And Cultural Decay Signal Need For MAGA
  • Why Are Doctors Turning a Blind Eye to the vWaxcine Harms (Aseem Malhotra & Bret Weinstein)
  • Could IgG4 Response Lead to a Lack of Immune Response to C-19?
  • US Threatens Missiles, Jets, And Now Crimea, US Sees (Seeks) War with China by 2025

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
August 2011
M T W T F S S
« Jul   Sep »
1234567
891011121314
15161718192021
22232425262728
293031  
© 2023 Socio-Economics History Blog | WordPress Theme by Superbthemes