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>> RESERVE BANK OF INDIA Latest News

JAN 16, 2013 - Business Insider

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10 Countries Hoarding Enormous Stockpiles Of Gold (GLD)

Germany is reportedly repatriating gold it has stashed with the New York Fed and the Bank of France, and some policymakers want to bring back all their gold in case the financial crisis worsens. People continue to debate whether gold is or should be considered money. However, this hasn't kept the world's central banks from increasing their gold reserves. The World Gold Council estimates that central banks have purchased 500 tons of gold in 2012, up from 465 tons last year. Analysts attribute some of the support in gold prices to these central bank gold purchases. Global gold reserves ... Read More

Tags: 10 Countries Hoarding Enormous Stockpiles Of Gold (GLD),  Reserve Bank Of India Latest News