East trusts in physical gold while West prefers 'mindless optimism'

The latest data from the World Gold Council (WGC) shows that central banks in Eastern Europe and Asia significantly boosted their gold holdings. The regulators purchased 148 metric tons of gold in the third quarter of 2018.
The figure indicates an increase of 22 percent against the same period last year, while some $6 billion dollars were spent on the precious metal. Russia, Turkey, Kazakhstan, India, as well as Poland and Hungary were the leader among gold net buyers.