Brazil’s Central Bank refuses to answer any questions about its Gold Reserves

This year has been shaping up to be a strong one for central bank gold buying. This is despite the official absence from the buy side of central bank gold powerhouses such as Russia and China.

Instead, there has been a noticeable trend of a diverse group of central banks who are not regular gold buyers, deciding to step up and make substantial gold purchases over short periods of time.

While Brazil’s central bank has re-entered the gold market as a major buyer, it refuses to answer any questions about Brazil’s gold reserves. Continue reading…

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