Socio-Economics History Blog

Socio-Economics History Blog

Many Countries Bringing Their Gold Home for Safekeeping

by mosesman
Remember the Golden Rule: “He who has the Gold, RULES!”
  • Many Countries Bringing Their Gold Home for Safekeeping
    by , https://schiffgold.com/
    In the wake of Western sanctions on Russia after the invasion of Ukraine, many central banks are bringing their gold home for safekeeping, according to an Invesco survey of central banks and sovereign wealth funds.
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    Many central banks and sovereign wealth funds hold their gold reserves in overseas vaults in London and other Western nations, but there is a growing gold repatriation trend due to concerns about sanctions and security.
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    Eighty-five percent of the 85 sovereign wealth funds and 57 central banks surveyed indicated they think price inflation will be higher in the next decade than the last. They also expressed concern about growing geopolitical tensions and the trajectory of the US dollar. As a result, central bankers and sovereign wealth fund managers are “fundamentally” rethinking their strategies.
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    Nearly 80% of the 142 institutions surveyed cited geopolitical tensions as the biggest risk over the next decade. Eighty-three percent cited inflation as a concern over the next 12 months.
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