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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Azerbaijani State Oil Fund brings first batch of gold

Posted on 14 January 2013

Approximately, 1 ton (32 150 troy ounces) of the purchased gold, conforming to the requirements of LBMA was transferred to Azerbaijan by UK’s Brink’s Global Services on January 11, 2013 and temporarily stored in the vaults of the Central Bank of the Republic of Azerbaijan, SOFAZ said.
Some 14 934 kg of gold (480 146 troy ounces) was included into SOFAZ investment portfolio as of December 31, 2012. The gold purchased by the Fund is temporarily stored in JP Morgan’s London vault considering its experience and competitive storage costs………………………………………..Full Article: Source


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