Quadruples Gold Reserves In Two Months –
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Quadruples Gold Reserves In Two Months –
Admin Sat Aug 24, 2013 12:09 pm
Iraq Purchases 55,000 Lbs Of Gold In Preparation For
Rothschild’s Gold Standard Reset: Iraq’s Gold Reserves Quadruple In Latest 2
Months!!
Iraq
Gold will be supported by the strong likelihood that central
banks will continue buying bullion after data showed Brazil boosted its
reserves for a third month, Russia continued to diversify into gold and Iraq
entered the gold market for the first time in many years and quadrupled their
gold reserves in just two months.
Brazilian holdings expanded the most in 12 years, rising 14.7 metric tons in
November.
The nation’s holdings doubled since August.
Russia’s bullion reserves
increased by 2.86 tons to 937.8 metric tons in November.
Central banks have bought 426.5 tons of gold so far this year.
Iraq quadrupled its gold holdings to 31.07 tonnes over the course of three
months between August and October, data from the International Monetary Fund
showed on yesterday.
The IMF’s monthly statistics report showed the country’s holdings increased by
some 23.9 tonnes in August to 29.7 tonnes.
That was followed by a 2.3-tonne rise in September to 32.09 tonnes and then a
cut of 1.02 tonnes in October to 31.07 tonnes. There was no data for November.
It is Iraq’s first major move in years to bolster its gold reserves.
More recently, Brazil raised its gold holdings by 14.68 tonnes, or 28 percent,
in November, bringing its bullion reserves to 67.19 tonnes.
The addition comes on the heels of an even bigger increase in October when the
South American country added 17.17 tonnes to its reserves. In September, it
increased holdings by 2 tonnes.
The central bank of Iraq’s quadrupling of gold reserves is important as there
are many oil rich nations in the world with sizeable dollar and euro currency
reserves and only a small allocation to gold by these central banks alone could
lead to higher gold prices.
The smart money will continue to dollar cost average and buy gold on dips.
http://beforeitsnews.com/alternative/2013/07/iraq-purchases-55000-lbs-of-gold-in-preparation-for-rothschilds-gold-standard-reset-iraqs-gold-reserves-quadruple-in-latest-2-months-2699872.html
Rothschild’s Gold Standard Reset: Iraq’s Gold Reserves Quadruple In Latest 2
Months!!
Iraq
Gold will be supported by the strong likelihood that central
banks will continue buying bullion after data showed Brazil boosted its
reserves for a third month, Russia continued to diversify into gold and Iraq
entered the gold market for the first time in many years and quadrupled their
gold reserves in just two months.
Brazilian holdings expanded the most in 12 years, rising 14.7 metric tons in
November.
The nation’s holdings doubled since August.
Russia’s bullion reserves
increased by 2.86 tons to 937.8 metric tons in November.
Central banks have bought 426.5 tons of gold so far this year.
Iraq quadrupled its gold holdings to 31.07 tonnes over the course of three
months between August and October, data from the International Monetary Fund
showed on yesterday.
The IMF’s monthly statistics report showed the country’s holdings increased by
some 23.9 tonnes in August to 29.7 tonnes.
That was followed by a 2.3-tonne rise in September to 32.09 tonnes and then a
cut of 1.02 tonnes in October to 31.07 tonnes. There was no data for November.
It is Iraq’s first major move in years to bolster its gold reserves.
More recently, Brazil raised its gold holdings by 14.68 tonnes, or 28 percent,
in November, bringing its bullion reserves to 67.19 tonnes.
The addition comes on the heels of an even bigger increase in October when the
South American country added 17.17 tonnes to its reserves. In September, it
increased holdings by 2 tonnes.
The central bank of Iraq’s quadrupling of gold reserves is important as there
are many oil rich nations in the world with sizeable dollar and euro currency
reserves and only a small allocation to gold by these central banks alone could
lead to higher gold prices.
The smart money will continue to dollar cost average and buy gold on dips.
http://beforeitsnews.com/alternative/2013/07/iraq-purchases-55000-lbs-of-gold-in-preparation-for-rothschilds-gold-standard-reset-iraqs-gold-reserves-quadruple-in-latest-2-months-2699872.html
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