The states imported almost 400 tons of gold in the first half of 2020. In April and May alone, 272 tons of the yellow precious metal were imported. This is reported by the United States Geological Survey (USGS) in its report.

Gold retains its purchasing power for a long time. The history of the precious metal has a thousand-year history. How much gold do you need to have to maintain your wealth in the event of currency devaluation?

President of the analytical company Sprott U.S. Holdings said in an interview with Kitco News that the US Federal Reserve will keep interest rates low to support economic growth in the country, which means the price of gold will continue its upward trend.

The World Gold Council (WGC) has published data on the world's gold reserves. However, there are some inconsistencies in them. But we can say for sure that India and Turkey continue to actively buy the yellow precious metal for their reserves.