According to a Bloomberg report, the Philippines central bank will increase gold purchases to upwards of 1 million ounces per year in the wake of a new law that exempts taxes on the monetary authoritys bullion purchases from small-scale miners. The countrys central bank has been adding between 20,000 and 30,000 ounces per year.
Meanwhile, Serbia plans to increase its gold reserves from 20 to 30 tons by the end of this year, according to an RT report.
The Serbs will reportedly continue adding gold to their holdings next year as well, boosting their hoard to 50 tons by the end of 2020 as a safety measure.
Yer İmleri