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Central Banks “to buy 493 tonnes of gold bullion in 2012″

Posted on 06 September 2012

The world’s central banks will add more Gold Bullion to their reserves over the course of 2012 than at any time since the Bretton Woods fixed exchange rate era, a leading precious metals consultancy forecast this week.
Net purchases of gold by central bank will total 493 tonnes for the year as a whole, up from 457 tonnes in 2011, according to Thomson Reuters GFMS, which published its ‘Gold Survey 2012 – Update 1′ on Tuesday………………………………………Full Article: Source


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