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Mexican Central Bank Added Almost 100 Tons of Gold in H1 2011

IMG Auteur
The Prudent Investor
 
Published : July 21st, 2011
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Category : Central Banks

 

 

 

 

Mexico's central bank was the most active official gold buyer in the first half of 2011. According to figures released by the World Gold Council it bought a net 98.8 tons of gold in the reporting period.

Russia was the second biggest net buyer with 41.8 tons.

Only two central banks, those of Greece and the Philippines, sold a combined net 600 kilos in the first half of 2011.


24hGold - Mexican Central Bank...


TABLE: Net changes in official gold reserves, i.e. central bank holdings, in the first half of 2011. Data: World Gold Council.

And here is the latest list of official gold holdings as of end June 2011.



Click here to go to the The Prudent Investor homepage for more interesting posts

 

 

 

Data and Statistics for these countries : Philippines | Russia | All
Gold and Silver Prices for these countries : Philippines | Russia | All
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Toni Straka is an INDEPENDENT Certified Financial Analyst (OeVFA, EFFAS) who worked as a financial journalist for 15+ years and now evaluates global market trends. Analyzing financial and political news permanently he wants to share his insight with those who understand that we are in an era of global redistribution of wealth. The US-European centric approach does not work anymore. Five billion people in the developing countries now demand their fair share of the world's resources.
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Gordon Taylor   7/21/2011 at 7:12 AM GMT
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Typo in the first paragraph, golf should read gold
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Gordon Taylor - 7/21/2011 at 7:12 AM GMT
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