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Countries repatriating gold might be unaware of the downsides: LBMA

Kwan Wei Kevin Tan
Kwan Wei Kevin Tan • 8 min read
Countries repatriating gold might be unaware of the downsides: LBMA
“Repatriation is not a new concept,” says Ruth Crowell, the CEO of the London Bullion Market Association. Photo: Albert Chua/The Edge Singapore
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Gold is on the move. Buyers, both retail, institutional and central bank, have been rushing to get their hands on the yellow metal. For those who already have their hands on it, comes the next question: Where do I store it?

The conventional answer would have been to keep your gold at one of the world’s leading gold hubs like London. But today, countries are opting to do the same thing as what some hoarders would do with their cash. Keeping the gold at home.

According to the World Gold Council’s (WGC) Central Bank Gold Reserves Survey 2026, 49% of respondents say they store part of their gold reserves domestically, a dip from 59% in 2025 but higher than the 41% recorded in 2024. Notably, 9% of respondents say they have increased their domestic storage of gold in the past 12 months, compared to 5% last year. In fact, 7% of respondents told the WGC that they are planning to increase their domestic storage of gold in the coming year.

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