• > The People’s Bank of China increased its bullion reserves to a total of 62.45 million troy ounces.
  • > The Central Bank of Russia got rid of 50% of its dollars to buy 8.8 million troy ounces of gold bullion.
  • > Poland bought 3.2 million troy ounces in the second quarter, the most by a central bank since 2009. And that’s just a snapshot of the many nations on a gold-buying spree.

In total, over the last two years, central banks have bought 20.9 million troy ounces of gold.