According to Forbes, beginning in 2010 the major central banks around the world began to become net purchasers of gold, rather than sellers of gold. According to their data in 2017 official sector activity rose 36% to 366 tons. Although the top 10 central banks with the largest gold reserves have remained mostly unchanged over the last few years.
The US continues to hold the number one spot with over 8,000 tons in its gold vaults. This is equal to the next three countries gold reserves combined.
However, over the last eight years a trend has developed in which some of the major players have been slowly and quietly accumulating massive amounts of the precious yellow metal.
KEFI Minerals plc (LON:KEFI) is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects within the highly prospective Arabian-Nubian Shield.