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Blog Archive ? Central banks increase gold lending

-- expats
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01/18/12 09:05
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Blog Archive ? Central banks increase gold lending

Thank author of this post/comment17-Jan (Financial Times) - Central banks increased the amount of gold they lent for the first time in a decade in 2011, as they used their bullion reserves to help commercial banks raise US dollars. Although central banks hold one-sixth of all the gold ever mined in their reserves, their activities in the bullion market are opaque, with not a single institution revealing its day-to-day operations . In addition to holding gold for their reserves, some central banks also trade the metal, lending.

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