World Gold Council: Iraq ended 2019 without buying anything from it

[Synopsis]

1 hour ago, Laid Back said:

Nice to see you my brother 👍🏼

 

Maybe we can shake hands soon? Adam was pumped about "two weeks"! Well, OK, just a nominal statement but things are looking good!

 

1 hour ago, Wiljor said:

As well brother, good to see you. Looks like we are seeing some movement in the realization of the true value of the IQD. 2019 could be our year 🙏 

 

!!!SALUD DUDE!!! It will be nice to shake Your hand, too, Wiljor! Hope all is well!

 

Go Moola Nova!

[Laid Back]

2 hours ago, Wiljor said:

As well brother, good to see you. Looks like we are seeing some movement in the realization of the true value of the IQD. 2019 could be our year 🙏 

Agree my brother... looks like 2019 could be our year.🙏🏼

A lot of progress.

1 hour ago, Synopsis said:

 

Maybe we can shake hands soon? Adam was pumped about "two weeks"! Well, OK, just a nominal statement but things are looking good!

 

 

!!!SALUD DUDE!!! It will be nice to shake Your hand, too, Wiljor! Hope all is well!

 

Go Moola Nova!

Nice to see you my friend, always enjoy your point of view.!

Hope we can shake hands in the near future

 

Go Moola Nova

Go $1:1

[Wiljor]

1 hour ago, Synopsis said:

 

Maybe we can shake hands soon? Adam was pumped about "two weeks"! Well, OK, just a nominal statement but things are looking good!

 

 

!!!SALUD DUDE!!! It will be nice to shake Your hand, too, Wiljor! Hope all is well!

 

Go Moola Nova!

All good brother Synopsis, enjoying a well deserved break down here in New Zealand. Traveling around for a bit with the wife 👍 

Cant wait to get together and shake your hand as well. Hopefully that day is sooner then later hermano 🙏 

[Synopsis]

7 minutes ago, Laid Back said:

Nice to see you my friend, always enjoy your point of view.!

Hope we can shake hands in the near future

 

Go Moola Nova

Go $1:1

 

And Your opinion as well, Laid Back, All The Best!!! 

 

1 minute ago, Wiljor said:

All good brother Synopsis, enjoying a well deserved break down here in New Zealand. Traveling around for a bit with the wife 👍 

Cant wait to get together and shake your hand as well. Hopefully that day is sooner then later hermano 🙏 

 

Good News mi hermano, Wiljor, Enjoy Your Time With Your Wife!!! 

 

I would like to tahr hunt and get some free ranging red stag, too, in NZ!!! Maybe 2019, hope early 2019!!!

 

Gentlemen, I am out of trophies and emeralds so will have to stop by later.

 

For now, please accept

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

 

I am really looking forward to meeting as well as many others here at DinarVets post event!!! 

 

Go Moola Nova!

[yota691]

Since 2015 .. Central bank purchases of gold reach the highest level

09:40 - 02/11/2018

 

 

 

Continue - Mawazin News 
Russia has re-dominated the leadership role among central banks around the world in terms of gold purchases during the third quarter of this year to be the highest level in 2015, which boosted the demand for the metal. 
The World Gold Council's quarterly report showed that global central bank purchases of yellow metal reached 148.4 tons in the three months to September, up 22 percent from the same period in 2017. 
Global central bank purchases of gold At the same level as at the end of the three months ended September is the highest since the fourth quarter of 2015. 
Russia bought gold with the largest quarterly rate in its history at 92.2 tons during the third quarter of 2018, bringing the total reserves of the Russian Central Bank of the metal more than 2000 tons for the first time .
Russia's central bank reserves of gold account for 17% of its total reserves. 
The second place came from Kazakhstan, whose central bank continued to buy around 13.4 tons during the quarter ended in September, bringing its total reserves to 335.1 tons. 
The World Gold Council said that despite political and economic turmoil, Turkey added gold to its reserves during the last quarter to become the third largest buyer of metals. 
Turkey's gold reserves grew by 18.5 tons during the period from July to September, a quarter that saw a 25% loss in the value of the lira. 
The total reserves of the Central Bank of Turkey stood at 258.6 tons at the end of September. 
The increase in purchases by global central banks of the yellow metal led by Russia, Kazakhstan and Turkey, respectively.
The pace of gold purchases by central banks around the world coincides with the banks' desire to diversify their reserves away from the US dollar. 
A growing number of central banks added gold to their reserves last quarter as the Bank of India added more gold to the reserves, with total purchases since the beginning of this year to the end of September at 21.8 tonnes, the quarterly report showed. 
According to the report, European central banks started buying gold. The Polish National Bank bought gold every month from the last quarter, boosting its total reserves by 13.7 tons to 116.7 tons. 
Hungary also announced a 10-fold increase in gold reserves from 3.1 tonnes to 31.5 tonnes, the highest level since 1990.
By 10:58 am GMT, the price of gold futures for December delivery rose by 0.8% to reach 1224.20 dollars an ounce winning about 9.20 dollars. The end of 29/6 n

 

 

[yota691]

Who owns gold? Learn about the top ten mineral holding countries around the world

 

He went

Reports Economy News Baghdad The list of countries with the highest gold reserves as one of their global reserves with little change, with the top ten maintained their position. According to the World Gold Council's recent report, the United States still maintains the world's largest reserves of precious metal. Central banks have 33.695 thousand tons of gold through their reserves. However, with regard to the purchase of gold central banks, Russia, Kazakhstan and Turkey are the most buying of precious metals during the third quarter of this year. The top 10 gold possession states Nine more countries are still on the top 10 list of gold holdings by the end of October. The IMF is the only institution in the most gold-holding category, which means that India is excluded from the list with 579.9 tonnes or 5.5 percent of the total reserves of the Central Bank of India. The list of most US gold producers topped 8133.5 tonnes, accounting for 73.4 percent of the country's total reserves. While Germany came second with 3369.7 tons of gold or 68.8% of its reserves, followed by the International Monetary Fund (IMF), which has 2,814 tons of gold in its possession. Italy and France ranked fourth and fifth with 2451.8 tons and 2436 tonnes respectively, accounting for 65.1% and 59.1% of their total reserves. After the trend in Russia to buy gold, the metal accounted for about 16.9% of its reserves with a holding of 2036.2 tons, making it the sixth largest list. China accounted for 1841.3 tons of yellow gold, or about 2.2% of its reserves. Switzerland was in eighth position with 1040.1 tons, or 5 percent of its total reserves, about 275 tonnes below the ninth position, which Japan holds with a total of 765.2 tons of gold, accounting for 2.3 percent of reserves. The Netherlands holds the list of adults with 612.5 tons of gold representing 65.5% of its total reserves. Arab States' possession of gold Saudi Arabia, the largest Arab country, has acquired gold with 323.1 tons of gold or 7.7% of its total reserves, but also ranks No. 16 globally. For the second place in the Arab region was for Lebanon, where gold accounts for 19.5% of its total reserves or 286.8 tons of precious metal, but it is ranked 17th in the world. Algeria ranked third in the Arab world and ranked 24th globally with 173.6 tons of gold accounting for 7.1% of its total reserves. The fourth, fifth and sixth places were Arab, with Libya, Iraq and Kuwait owning 116.6 tons, 89.8 tons, 79 tons of gold, or 5.3%, 6.3% and 7.6% of their total reserves, respectively. However, Libya is ranked 23rd in the world, while Iraq and Kuwait are ranked No. 37 and 38 on the world list. Egypt ranked seventh in the Arab world with 77.4 tons of gold or nearly 6.8% of all its reserves, but it is ranked number 40 globally. Jordan has 43.5 tonnes of gold or 11.4 percent of its reserves, ranking eighth in the Arab world and 48 in the world. Qatar and Syria ranked 9th and 10th place on Arab countries with 31.3 tons, 25.8 tons, 4.4% and 5.6% of their total reserves, respectively, to be ranked 55th and 56th in the world. The UAE ranked No. 74 globally but ranked 11th with 7.5 tons of yellow metal or 0.3% of its total reserves. Tunisia, Bahrain, Morocco, 78, 82 and 85 worldwide, and from 12 to 14 in the Arab region with 6.8 tons, 4.7 tons and 3.3 tons, respectively. Yemen's gold reserves stood at 1.6 tons or 1.2% of all its reserves, ranking 96th globally and the last being Arab. Source: Live Website Views 9   Date Added 11/03/2018

[Officiallytook]

Iraq will have more gold then lybia once this thing pops

[Officiallytook]

The odd thing is lybia is ranked higher then Kuwait and Iraq ? But exchange rate is less than Kuwait ? Iraq maybe right about them being the top amongst Arab currencies

[yota691]

An Arab country planning an unprecedented action on the gold trade

Date of release: 2018/12/12 16:37 • 200 times read

Sudan's Oil, Gas and Minerals Minister Azhari Abdullah said his country looks forward to setting up the first gold bourse as soon as possible, stressing that the new bourse will operate with international standards.

"There will be a stock exchange to deal with the purchase and sale of gold, which gives us the opportunity to bring buyers to Sudan and buy their currencies free," Abdullah said in a press statement. "The stock market will be of global specifications and global price, and will be based in Khartoum, In the same production areas. " 
He added: "Now there are legal procedures, and there must be a law governing this bourse, but we are working hard and diligence to be this project as soon as possible."

[yota691]

Iraq maintains 37th place in the world and fifth in the Arab world with the highest gold reserves

 

Saturday 22 December

 

 

Alsumaria News / Baghdad announced that the World Gold Council, on Sunday that Iraq maintained the position of the 37 Arab world - fifth highest reserves of gold in December , although buy 6.5 tons in September.  "Iraq has maintained 37th place in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the global gold reserves, and the fifth place in the Arab world, where it came after Saudi Arabia, Lebanon and Algeria ," the council said in a statement published on its website and read by Alsumaria News. And Libya. "   "Iraq bought 6.5 tons of gold in September to raise its reserves to 96.3 tons of gold after it was 89.8 tons, but it maintained its rank 37 globally, noting that these reserves represent 6.4% of the rest of the other currencies."  "The United States ranked first in the world in terms of reserves of 8.133.5 tons, followed by Germany with 3.369 tons, while Laos ranked last with 0.9 tons of gold."  The World Gold Council, based in the United Kingdom, has extensive experience and deep knowledge of the drivers of market change and its members are among the largest and most advanced gold mining companies in the world.

[Laid Back]

96.3 Tons of gold

$62 billion dollars in foreign currency reserves.

 

It’s time to give real market value to the IQD.

 

Go 2019

Go RV

[jg1]

5 minutes ago, Laid Back said:

96.3 Tons of gold

$62 billion dollars in foreign currency reserves.

 

It’s time to give real market value to the IQD.

 

Go 2019

Go RV

Ya, lol. Government rich and the people poor. Where have I heard that before. Sheez.

[Laid Back]

6 hours ago, jg1 said:

Ya, lol. Government rich and the people poor. Where have I heard that before. Sheez.

Same story almost everywhere. Rich government and poor people.!

it sucks.!

[WheresmyRV?]

Honestly I'm quite surprised the people hasn't stormed parliament and lynched everyone due to poor conditions. All because the government members are living high on the hog.

[Butifldrm]

Maybe, everyone needs to take a breath and really understand the dynamics of what is and has been going on in the World economies.  Trade wars, sanctions, The US moving against WTO, NATO, and all globalist agendas.  Gold has been and I'm sure will be the safe haven for all including Central Banks when the fiat currency system we live in has a reset.  I know most don't believe it will happen, but it has happened many times before.  

[yota691]

World Gold Council: More than 96 tons of Iraqi reserves for January

 

Market Economy News - Baghdad The International Gold Council announced on Wednesday that Iraq's gold reserves amounted to more than 96 tons during the month of January. The Council said in a statistical published on its website and viewed by "Economy News", "Iraq's reserves of gold reached 96.3 tons during the month of January, after buying 6.5 tons during the last September of 2018," noting that "these reserves represent 6.4% of Other currencies ". "Iraq remains the world's 37th place in terms of these reserves out of the 100 countries listed in the international financial statistics of the world's gold reserves, and the fifth place in the Arab world, which came after Saudi Arabia, Lebanon, Algeria and Libya." The Council noted that "the world's reserves of gold rose for the month of January by 135 from the month of December to reach 33 thousand and 872 tons," noting that "the United States of America ranked first in the world in terms of reserves, which amounted to 8.133.5 tons , Followed by Germany with 3.369 tons. The World Gold Council, based in the United Kingdom, has extensive experience and deep knowledge of the drivers of market change and its members are among the largest and most advanced gold mining companies in the world. Views 29   Date Added 01/09/2019

[yota691]

Global Gold: more than 96 tons Iraq reserves for January

 

Wednesday, January 9

 

 

Alsumaria News / Baghdad The World Gold Council announced Wednesday that Iraq's reserves of gold amounted to more than 96 tons during the month of January.  "Iraq's reserves of gold reached 96.3 tons during the month of January, after buying 6.5 tons during the last September of 2018," the Council said in a statistic published on its website and read by Sumerian News, noting that "these reserves represent 6.4% of the rest of the currencies Other ".  The council added that "Iraq remains the 37th place in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the global reserves of gold, and the fifth place in the Arab countries followed by Saudi Arabia, Lebanon, Algeria and Libya ."   The Council noted that "the world's reserves of gold rose for the month of January by 135 from the month of December to reach 33 thousand and 872 tons," noting that "the United States of America ranked first in the world in terms of reserves, which amounted to 8.133.5 tons , Followed by Germany with 3.369 tons.  The World Gold Council, based in the United Kingdom, has extensive experience and deep knowledge of the drivers of market change and its members are among the largest and most advanced gold mining companies in the world.

[yota691]

Revealed Iraq's reserves of gold last month

Editorial Date: 2019/1/9 13:11 • 165 times read

{International: Euphrates News} The World Gold Council, on Wednesday, the Iraqi reserve of gold during the month of January.

"Iraq's reserves of gold reached 96.3 tons during the month of January, after buying 6.5 tons during the last September of 2018," the council said in a statistical report published on its website, noting that "these reserves represent 6.4% of the rest of the other currencies." 
He added that Iraq still maintains 37th place in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the global reserves of gold, and the fifth place in the Arab world, which came after Saudi Arabia, Lebanon, Algeria and Libya. 
The Council noted that "the world's reserves of gold rose for the month of January by 135 from the month of December to reach 33 thousand and 872 tons," noting that "the United States of America ranked first in the world in terms of reserves, which amounted to 8.133.5 tons , Followed by Germany with 3.369 tons.
The World Gold Council, based in the United Kingdom, has extensive experience and deep knowledge of the drivers of market change and its members are among the world's largest and most advanced gold mining companies.

[yota691]

Central banks are gearing up after the biggest buying in 47 years

 

 31 January 2019 03:16 PM
From: Noha Al - Nahhas

Direct : central banks around the world raised their purchases of gold by 74% last year, registered the biggest annual pace of purchases since the suspension of convertibility of the dollar into gold in 1971.

According to data released by the World Gold Council on Thursday, total purchases of gold by central banks increased by 651.5 tons to a total of 34,000 tons, the second highest annual increase ever.

The increase in geopolitical and economic pressures was the reason why central banks boosted their reserves of gold in 2018. Seventy-six percent of central banks believe that gold as a safe haven is of great importance, 59 percent say it is a catalyst for the portfolio, Their purchases of gold over the next 12 months.

At the level of the most prominent central banks raised their purchases of gold last year , Russia was at the forefront as part of its policy of reducing dependence on the dollar, which bought 274.3 tons in 2018.

This is Russia's highest level of annual purchases, and it is the fourth year in a row that Russia has bought gold at levels above 200 tonnes.

In Turkey, its gold reserves increased 51.5 tonnes last year, but the increase was less than the 85.9 tonne in 2017.

In Kazakhstan, the central bank increased its purchases of yellow metal by 50.6 tons to 350.4 tons

Although Turkey, Russia and Kazakhstan control the largest share of gold central bank purchases, their share of total purchases fell to 58% last year from 94% in 2017.

In Europe, central banks increased their purchases of gold significantly in 2018, led by Hungary, raising its gold reserves to 31.5 tons, the highest level in nearly 30 years.

In Asia, India was also one of the biggest buyers as it began buying in March and rose in the second half, bringing its total gold purchases by 40.5 tons.

[SocalDinar]

Assuming US ton, not metric ton. Spot price on gold is about $1,322 per troy ounce. There's 14.58 troy ounces in a pound, so $19,274 per pound. With 2000 pounds in a ton your price is $38,548,000 per ton.

So 96.3 tons is worth approx $3,712,172,400.00

 

Looks like the World's central banks are expecting a rise in the price of gold.

 

Thanks for the article. 

 

[Theseus]

On 3/16/2017 at 5:18 PM, SnowGlobe7 said:

ahhh the old age question...do you want the rate or the date?????

The date is better than this blind date we are on. Besides a date means that if it floats we know at least its going up or down per the market value and can then begin that ride to which we can decide when to hop off. Will take a concrete date any day of the week, too many blind dates.

[ChuckFinley]

2 hours ago, Theseus said:

The date is better than this blind date we are on. Besides a date means that if it floats we know at least its going up or down per the market value and can then begin that ride to which we can decide when to hop off. Will take a concrete date any day of the week, too many blind dates.

[Half Crazy Runner]

2 hours ago, Theseus said:

The date is better than this blind date we are on. Besides a date means that if it floats we know at least its going up or down per the market value and can then begin that ride to which we can decide when to hop off. Will take a concrete date any day of the week, too many blind dates.

 

My sentiments exactly!   

[yota691]

Iraq boosts reserves of gold and Russia's biggest buyers in the world

 Twilight News    
 one hour ago

The amount of gold bought by central banks in 2018 hit record highs, according to a report by the World Gold Council (WGC), which said Russia was at the forefront of buyers.  

During the past year, central banks bought the largest amount of precious metal since 1967, buying 651.5 tons, up 74 percent from 2017, buying 375 tonnes of gold, the report said.

"The growing geopolitical and economic uncertainty over 2018 has driven central banks increasingly to diversify their reserves and focus their attention on the main objective of investing in safe assets," the report said.

He added that Russia in 2018 topped the countries in terms of gold purchases, as part of a strategy to reduce dependence on the dollar, as the central bank sold most of its investment in US Treasury bonds and purchase about 274 tons of precious metal.

Besides Russia, its gold reserves have strengthened countries including Turkey, Kazakhstan, India, Iraq, Poland and Hungary (Hungary).

Russia ranks 5th in the world with gold reserves, saving 2113 tons, while the United States ranks first in the world, followed by Germany, Italy and France.

[Butifldrm]

WGC: Iraq boosts reserve of gold

13:49 - 04/02/2019

0

 

  

Information / Baghdad ..

A report by the World Gold Council (WGC) reported that the amount of gold bought by central banks in 2018 recorded record highs, the highest ever, noting that Iraq is strengthening its reserves of gold.

During the past year, central banks bought the largest amount of precious metal since 1967, buying 651.5 tons, up 74 percent from 2017, buying 375 tonnes of gold, the report said.

"The growing geopolitical and economic uncertainty over 2018 has driven central banks increasingly to diversify their reserves and focus their attention on the main objective of investing in safe assets," the report said.

He added that Russia in 2018 topped the countries in terms of gold purchases, as part of a strategy to reduce dependence on the dollar, as the central bank sold most of its investment in US Treasury bonds and purchase about 274 tons of precious metal.

Besides Russia, its gold reserves have strengthened countries including Turkey, Kazakhstan, India, Iraq, Poland and Hungary (Hungary).

Russia ranks 5th in the world with gold reserves, saving 2113 tons, while the United States ranks first in the world, followed by Germany, Italy and France. Ending / 25

https://www.almaalomah.com/2019/02/04/387045/