| Western central banks have got themselves horribly wrong-footed as a result of not adjusting their anti-gold policies to allow for the realities of Asian gold demand. Though their dealings are shrouded in secrecy, there is compelling evidence that much — if not most — of Western central bank gold has been quietly sold over the last three decades.
More recently all members of the Shanghai Cooperation Organization, a common security and trading bloc led by Russia and China and incorporating the bulk of Asia’s land mass, have been accumulating gold..........................................Full Article: Source
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