They are determined. They are motivated. They are wealthy. They are angry. They want an end to Dollar Hegemony.
To summarize: Japan, China, Russia, India and Iran: the countries which together account for the bulk of the world’s productivity and combined are among the biggest explorers and producers of energy. And now they all have partial bilateral arrangements,
Gold coin purchases gained 13% last year and will increase 2.7% in the first half.
Purchases of gold bars increased by 36% to nearly 2,000 (1,194) metric tonnes, concentrated in China, Germany, Switzerland and Austria.
East Asia demand for gold bars rose 53% to 456 metric tonnes.