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Poland joins Hungary with Huge Gold Purchase and Repatriation
With a variety of the world’s central banks going on a gold buying spree in recent years such as Russia and China, there has unsurprisingly been no shortage of newsflow in this area for the world’s financial media to comment on. But even in such an environment of abundant sovereign gold purchases, a number of buying bombshells have stood out for their intensity and ‘shock and awe’ abruptness. Particularly from nations which on the surface might seem like unlikely gold buyers. One of these was the by Hungary’s central bank, that after 32 years of holding unchanged gold reserves, it had rapidly increased ... (full story)