Taiwan’s gold reserves valued at US$26.9 billion: Legislator suggests “sell high, buy low”

April 14, 2022April 14, 2022 Phillip Charlier 1 Comment Central Bank, gold

A legislator suggested that Taiwan’s central bank should sell some of its gold reserve while the price is high, as the market price reached close to US$2,000 per ounce yesterday, April 13. The Russia-Ukraine war, and rampant global inflation has driven up the price of gold, with prices of over US$2,050 seen in early march, and the price reaching US$1,973 yesterday. At the time of writing the gold price was hovering slightly below US$1,970. Taiwan’s central bank (Central Bank of

Society

February 6, 2019February 6, 2019 Phillip Charlier 0 Comment gold, lost and found, Taitung

A man preparing to dismantle a cabinet to recycle the wood stumbled across gold bars and jewelry worth more than NT$1 million in Taitung County. Mr Deng, a woodworker in Chihshang Township, immediately took the haul of gold to the police station. Police traced the cabinet to its owner, who had thrown out the cabinet during the Lunar New Year spring cleaning. The owner of the cabinet, Mr Zhuang, brought receipts to the police station confirming the gold bars and