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A surge in gold purchases by central banks to the highest since 1967 helped push global demand for the metal up 4 percent last year, the World Gold Council (WGC) said on Thursday.

Venezuela will sell 15 tonnes of gold from central bank vaults to the United Arab Emirates in coming days in return for euros in cash. In total, the plan is to sell 29 tonnes of gold held in Caracas by February.

Many people use goldbug scathingly as a pejorative as they have never bothered to understand the significance of gold. So why have I, and a few others, been advocating the ownership of gold for the last 17 years without being goldbugs?

Just hours after The Bank of England refused to hand over $1.2 billion of Venezuela's gold from its custody vaults to President Maduro, The Guardian reports that a UK foreign office minister is now urging the same Bank of England to transfer the bullion to the self-proclaimed interim leader Juan...

2018 Swiss gold imports and exports - Annual charts.

My last article on the end of sanctuarization of the Banque de France’s gold grabbed a lot of attention. However, this news hasn’t made it to the main stream media. So let’s get back to this important issue.

Anyone who wants to protect their wealth should not be invested in any of the bubble asset markets. But to also avoid counterparty risk is a lot harder.

Venezuela’s gold holdings in the Bank of England have jumped after it closed out a gold swap deal with Deutsche Bank, according to two sources, as Britain remains reluctant to release gold held for the troubled OPEC nation.

Russia has overtaken China to become the world’s fifth largest official sector holder of gold as Western sanctions drove buying by its central bank to record highs in 2018, its data showed on Friday.

What makes gold the most obvious wealth preservation investment and insurance against a false financial system is its permanence. The proof of this is indisputable since gold is the only money that has survived for 5,000 years. Ephemeral financial systems and currencies come and go, so do empires...