Central Banks Buy the Most Gold Since London Gold Pool Collapse in 1968.

[Peter89]

British media "waxing nostalgic":

Gordon Brown’s decision to sell Britain’s gold looks more disastrous by the day

Britain’s former chancellor failed to recognise the precious metal’s value as a contingency

www.telegraph.co.uk

Currently UK has 320 gold tonnes
18th biggest gold reserves worldwide

Bank of England's vault is the biggest gold bars deposit in the world, but none of that is theirs

 

[pmbug]

Seems to me the UK is a bit underweight at the moment - severely lacking in "tradition".

 

[WinkWink]

When Gordon Brown sold British gold reserves in ~2000 ...

 

[nickndfl]

At this point everybody in the UK should be buying gold sovereigns by the handful.

 

[pmbug]

...
In April, the PBOC bought 60,000 troy ounces, according to official data released Tuesday. That’s down from 160,000 ounces in March, and 390,000 ounces in February.

First-quarter purchases by the world’s central banks, led by China, were the strongest on record, according to the World Gold Council. ...

China Gold Buying Slows as Reserves Grow for 18th Straight Month

(Bloomberg) -- China’s central bank topped up its gold reserves for an 18th straight month in April, although the pace of buying slowed in the face of record prices.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortTrump Judge Indefinitely Postpones Documents Case...

finance.yahoo.com

Is this a reflection of China's interest in buying gold, or China's need to intervene in their currency and financial markets tapping out their ability to buy foreign gold?