The latest figures on World official sector gold holdings from the World Gold Council see totals largely unchanged in August with minor sales by some largely cancelling out purchases by others.
Author: Lawrence WilliamsPosted: Monday , 17 Oct 2011
LONDON -
The latest World Gold Council statistical update on gold reserves in the official sector shows that August saw some Central Banks reporting increased holdings while a couple of others showed reductions - but overall reported Central Bank holdings were just about flat - a far cry from the situation for a number of years when Central banks were major sellers of hundreds of tonnes a year of the yellow metal.
According to the WGC, Thailand was the biggest net purchaser and reported an increase in its gold reserves of 9.3 tonnes in August, raising its total gold holdings to 136.9 tonnes. This follows an acquisition of 28 tonnes in the first half of the year. Bolivia reported an increase of 7.0 tonnes in its gold reserves. The last acquisition Bolivia reported was in December of 2010 when it also reported a 7.0 tonne increase. Finally, Russia continues to regularly add gold to its reserves, adding 8.0 tonnes between July and August. .................
http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=137692&sn=Detail&pid=102055
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