World Gold Council: More Central Banks Choose to Repatriate Gold Reserves

CoinFeed, June 21 - A World Gold Council survey shows that an increasing number of central banks are moving gold out of London and New York vaults, increasing domestic storage or diversifying overseas storage locations. Over the past four years, central banks have purchased an average of 1,000 tons of gold annually, double the average of the past decade. Nearly 90% of surveyed central banks indicated they expect global central bank gold reserves to increase in the coming year.