Bibliography
1. Hong Kong Government Information Services, “Gold delivery vault launched,” June 26 2025. Press release announcing the SGE’s offshore vault in Hong Kong and its global significance.
2. Ibid. Statement by Christopher Hui on RMB‑denominated gold trading and offshore delivery channels.
3. Reuters, “EU eyes Russian assets,” Oct 23 2025. Coverage of the $300 billion in frozen Russian sovereign assets worldwide.
4. Polina Devitt and Kevin Yao, “How much gold will be enough to diversify China’s reserves?” Reuters, Sep 2 2025. Policy adviser’s comment on China’s target for reserve diversification.
5. Kitco News, “China’s central bank buys gold for 11th straight month,” Oct 7 2025. Data on PBoC gold accumulation through September.
6. Ibid. Analyst commentary on the strategic nature of China’s consistent purchases.
7. London Bullion Market Association, “Clarification on gold’s regulatory treatment under Basel III,” May 14 2025. Public correction refuting HQLA status claims.
8. European Banking Authority, “Final Report on NSFR,” June 2025. Confirmation of the 85 percent RSF applied to gold under Basel III.
9. China Daily HK, “HK boasts advantages in bid to become global gold trading hub,” Sep 18 2025. Cheung Tak‑hay’s remarks on formalising gold settlement in Asia.
10. National Bank of Poland, “NBP’s Gold Reserves Surpass ECB,” July 2025. Governor Glapiński’s statement on gold and economic sovereignty.
11. Financial Times, “Euroclear CEO warns of expropriation risk,” Aug 2025. Valérie Urbain’s comments on EU plans for frozen Russian assets.
12. Indian Express, “Gold in 1991: The Airlift That Rewrote India’s Economy,” July 2019 (reprint). Rangarajan’s retrospective on India’s gold pledge and reforms.
13. Reuters, “Ghana opens LBMA‑aspiring refinery,” Dec 2024. Vice President Bawumia’s speech at the Royal Ghana Gold Refinery launch.
14. FinancialContent, “China’s Golden Streak: PBoC’s Eleventh Month of Gold Buys,” Oct 7 2025. Report on valuation of China’s gold reserves.