Mar 18, 2013

Global Central Banks purchases most gold since 1964


Global Central Banks purchases most gold since 1964
According to data released by World Gold Council, the central banks added 534.6 tonnes of gold to reserves in 2012, the most since 1964.
It is also expected that more than 250 tonnes will be bought again in 2013 and 2014.
The WGC also says that central banks are increasing purchases of gold, yen and china’s currency to reduce their dollar and euro holding as a percentage of total reserves.

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