Asia's Gold Producers Start Hoarding Their Own Metal As Faith In The Dollar Erodes
5 Articles
5 Articles
Zero Hedge
BizTocAsia's Gold Producers Start Hoarding Their Own Metal As Faith In The Dollar Erodes
Asia's Gold Producers Start Hoarding Their Own Metal As Faith In The Dollar Erodes For most of modern history, the gold trade worked one way: emerging-market mines dug it up, shipped it out (often as cheap ore, more often through the back door), and London and New York did the rest. But that arrangement is now quietly breaking down. According to a must-read report in Nikkei Asia, countries across Asia are moving to capture more of the value from…
(Dan Tri Newspaper) - Instead of massively selling raw ore internationally when the price of precious metals remains above $4,000 per ounce, many Asian countries are stepping up efforts to accumulate and hold gold domestically to strengthen their economic foundations.
CryptoTendence Asian producers seek to refine and retain more gold after the price rise, with possible effects on exports and reserves.The entry Asian Producers seek to retain more gold in origin after the price boom was first published in CryptoTendencia.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
