Gold Hoarding: Central Banks Are Increasingly Bringing Their Physical Gold Reserves Back Home After a Freeze on Russian Assets

 

Central banks are increasingly bringing their physical gold reserves back home after a freeze on Russian assets. The move is seen as a way to protect the gold from being seized by foreign governments.

In recent months, a number of central banks have announced plans to repatriate their gold. These include the Bank of England, the Swiss National Bank, and the Bank of Canada.

The move to repatriate gold is a sign of growing concerns about the security of foreign assets. The freeze on Russian assets has shown that even the most secure assets are not immune to seizure.

The repatriation of gold is also a sign of the growing importance of gold as a safe haven asset. Gold is seen as a store of value that is not subject to government interference.

The move to repatriate gold is likely to continue in the coming months. As concerns about the security of foreign assets grow, central banks are likely to keep their gold closer to home.