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Gold is the most important and most precious metals prevalent, and the acquisition of gold is a permanent desire of individuals and countries - represented by central banks - and it is the most important part of the reserves in countries, and given the physical and moral value of the yellow metal is quickly hidden by the central banks in the event of economic risk Or political, and this is precisely what central banks are doing around the world in recent times, central banks are still the biggest net buyers of gold in the world.
A report released by the World Gold Council last year showed global demand for gold increased by 70 percent year-on-year in 2016, its highest level in four years. Demand for investment in the precious metal jumped to 1,561.1 metric tons In 2016 from 918.7 metric tons in 2015.
For example, in 2017, Russia increased its gold reserves by 223 tonnes, up 17.7 percent. Since June 2015, it has added 558 tonnes to its international reserves, This rate is standard. The Russian Central Bank recently said: "The total value of the precious metal reached 1838,211 tons by the end of December."
On the other hand, Turkey was one of the most gold buyers during the past year. The Reserve Bank of Turkey's gold reserves reached a record 564.8 tons. The value of gold held by the bank rose from $ 14.1 billion to $ 23.5 billion In 2017. This data shows the large trend towards buying gold at the level of central banks, indicating that the price trend to rise in the coming months amid increasing demand.
A report released by the World Gold Council last year showed global demand for gold increased by 70 percent year-on-year in 2016, its highest level in four years. Demand for investment in the precious metal jumped to 1,561.1 metric tons In 2016 from 918.7 metric tons in 2015.
For example, in 2017, Russia increased its gold reserves by 223 tonnes, up 17.7 percent. Since June 2015, it has added 558 tonnes to its international reserves, This rate is standard. The Russian Central Bank recently said: "The total value of the precious metal reached 1838,211 tons by the end of December."
On the other hand, Turkey was one of the most gold buyers during the past year. The Reserve Bank of Turkey's gold reserves reached a record 564.8 tons. The value of gold held by the bank rose from $ 14.1 billion to $ 23.5 billion In 2017. This data shows the large trend towards buying gold at the level of central banks, indicating that the price trend to rise in the coming months amid increasing demand.
Global Fear: Fear Boosts Gold Fortunes
Gold is the old safe haven. The yellow metal occupies a great place in the world economy. It is the best criterion for determining the wealth of individuals and peoples. It was the main reason for many wars, and the use of gold is always associated with fear. For example, Britain for the exit from the European Union, as a result of fear of the negative effects of this withdrawal.
In the face of political and social crises such as wars and others, the immediate recourse to gold, so always escalates when there are any tensions of global policy, and with the decline of confidence of peoples and investors in the stability of the situation burning global, fear is increasing and with it all resort to gold, and the problem of this fear in time We are witnessing a new vote for the exit of other countries from the European Union, and the new American policy continues to raise the concerns of many, not to mention the constant ignition of the situation in the a Middle Eastern.
More recently, the Global Threat Report highlighted a number of major threats in 2018, including environmental risks from weather, unusual temperatures, economic disparities and cyber attacks, as well as growing political concerns that make the world closer to nuclear conflict than ever before in decades.
The report, which involved about 1,000 experts from governments, companies, academics and NGOs, predicted 93% of them to exacerbate political or economic confrontation between major powers in 2018, and about 79% likely military conflict between two states.
Gold is the old safe haven. The yellow metal occupies a great place in the world economy. It is the best criterion for determining the wealth of individuals and peoples. It was the main reason for many wars, and the use of gold is always associated with fear. For example, Britain for the exit from the European Union, as a result of fear of the negative effects of this withdrawal.
In the face of political and social crises such as wars and others, the immediate recourse to gold, so always escalates when there are any tensions of global policy, and with the decline of confidence of peoples and investors in the stability of the situation burning global, fear is increasing and with it all resort to gold, and the problem of this fear in time We are witnessing a new vote for the exit of other countries from the European Union, and the new American policy continues to raise the concerns of many, not to mention the constant ignition of the situation in the a Middle Eastern.
More recently, the Global Threat Report highlighted a number of major threats in 2018, including environmental risks from weather, unusual temperatures, economic disparities and cyber attacks, as well as growing political concerns that make the world closer to nuclear conflict than ever before in decades.
The report, which involved about 1,000 experts from governments, companies, academics and NGOs, predicted 93% of them to exacerbate political or economic confrontation between major powers in 2018, and about 79% likely military conflict between two states.
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