Central Banks Increase their Gold Reserves

By | February 13, 2015

Dateline Feb 13, 2015: According to Bloomberg Financial News, Central banks have increased their gold reserves, adding 477.2 metric tons of gold to their holdings, the second-biggest increase in 50 years and 17 percent more than a year earlier. The U.S. and Germany hold the most in gold reserves, with the metal making up about 70 percent of reserves. Russia has been actively purchasing of late. Their gold stockpile has grown to the biggest since at least 1993 after purchases topped 173 tons last year. Read more here.

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