The World Gold Council says these are buying gold...
Yes, 3rd world dictatorships and tyrants, if it's actually true, which it probably isn't. Mauritania, Egypt, Kyrgyz Republic, Belarus, Guinea, Ukraine....et.al.....just the spot for a relaxing holiday if you don't mind dictators, the occasional assassination, revolution and government inspired famine.
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The largest buyers during the first 10 months of the year were Turkey with 144.8 tons; Russia, 139; Poland, 100; and China, 95.8.Others include Kazakhstan, 26.9 tons; India, 17.7; Qatar, 11; Ecuador, 10.6; Serbia and the U.K., 9.9; Argentina, 7; Colombia, 6.1; Kyrgyz Republic, 3.2; Mongolia, 2.3; Belarus, 1.9; Guinea, 0.9; Egypt and Mauritania, 0.7; Albania and Malta, 0.6; and Ukraine and Greece, 0.3..
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