Hungary Triples Gold Reserves

In one of the biggest central bank gold buys in decades, Hungary tripled its gold reserves last month. The National Bank of Hungary (Magyar Nemzeti Bank, MNB) bought 63 tons of gold, increasing its gold holdings to 94.5 tons, a record high for that country. In a statement, MNB called gold “a crucial reserve asset.” […]

The post Blog first appeared on SchiffGold.

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