Thursday, November 17, 2011










Lobby group: Central banks accumulate more gold

 


Central banks worldwide have in recent months, according to a report be bought as much gold as in decades. In the third quarter from July to September were 148.8 tonnes of gold had been purchased, according to a report by the lobby group "World Gold Council 
(" WGC), which was published on Thursday.
The "Financial Times (FT)" reported that the amount would have been much larger than expected and have surprised experts. Since a drop in gold prices in September was to secure capital has become even more popular.
What central banks are behind the purchases, would not say the WGC. But it had been "a lot of newbies" that sought to increase their gold reserves, the WGC said the newspaper.
The central banks include the sheet according to the most important factors influencing the gold price. After two decades with more encryption and acquisitions last year, they began again to accumulate gold. For the full year could be the purchase of gold by central banks at 450 tons, which are higher than expected, said Marcus Grubb of the WGC newspaper.





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