BREAKING: World central banks bought another 15 tonnes of gold in August. This marks the 27th monthly purchase over the last 28 months. The National Bank of Kazakhstan added 8 tonnes, while the Bulgarian National Bank and the Central Bank of Turkey each increased gold reserves by 2 tonnes. The People’s Bank of China acquired 2 tonnes, marking the 10th consecutive monthly increase in gold reserves. As a result, China’s official gold holdings have surpassed 2,300 tonnes for the first time. Central banks are still piling into gold.(The Kobeissi Letter)