Sentences with phrase «official gold holdings»

In July, China announced an increase to official gold holdings after 6 years of silence.

As a friend recently reminded me, China's official gold holdings account for only 2 percent of its foreign reserves.

Not exact matches

To put some context around this, let us consider for illustration's sake that about 80 % to 90 % of BoE gold holdings are accounted for by the official sector.

On the assumption that the BoE custody service primarily caters to central bank customers, it's probably fair to say that 1) the bulk of BoE gold represents official sector holdings and 2) gold held in other vaults is likely to be more investment - related.

Nevertheless, despite these limitations, the data still somehow supports the broad assumption on how loco London gold stocks may be split between official sector and investor holdings.

Let us also consider for simplicity that the vast majority of gold held in commercial vaults represents investor holdings and only a negligible amount comprises official sector gold accounts.

As we argued earlier, the BoE's gold holdings likely mainly reflect official sector positions.

What the authorities admitted holding as of last summer was almost unbelievably small compared to what even the official figures streaming through Hong Kong alone, plus domestic production add to the total, and China is now the number one global gold producer.

This prompts people to look for highly liquid assets that can be held in lieu of the official money, which is where gold comes in.

Period V in 1973 - 98, after the severing of the dollar's official link to gold and the breakdown of the fixed - exchange rate Bretton Woods system, was a time of falling official holdings and sharp gold price swings in response to world geopolitical tensions.

For the official Turner Prize exhibition, held at Tate Britain in London, he presented a large - scale symmetrically patterned fresco in gold leaf, achieved using laborious Renaissance techniques.

For 120 years from the Ophir discovery [«official discovery of gold in 1851»]... Australians were clearly aware of the importance of the minerals industry to Australia and held a very positive view toward it, commonly with a sense of shared ownership and pride still remembered by older Australians - who will still remember the euphoria for the industry in the 1960s.