18.02.2011 - Emerging market central banks become large buyers of gold - WGC
From Mineweb.co.za: Gold as a worldwide percentage of foreign exchange reserves stands at 13%, a figure that is unchanged from the year 2000 as the quintupling in the price has kept pace with the rapid expansion of foreign exchange reserves from $2 trillion to $10 trillion. Demand for jewellery in 2010 rose by 17% in 2010 over 2009, and hit a record of US$81 billion. Total gold demand was at a ten-year high of 3,812 tonnes. Investment demand (excluding OTC activity) was down just 2% from the exceptional levels of 2009, and rose by 23% in US dollar terms. Physical bar demand was particularly strong..............................................Full Article: Source
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