Commodities, Metals

Central Banks’ Gold Purchases At 50 Year High Levels


Central banks globally have purchased 447.2 tons of gold in 2014, the biggest amount of the precious metal in nearly 50 years, the World Global Council reported.

Russia added 173 tons topping up its gold reserves to more than 1,200 tons. Kazakhstan and Iraq bought 48 tons each.

On the other side of the equation sales of gold by banks were more limited. Ukraine sold 19 tons which was the most sizable out of all sales as the current economic situation in Ukraine has been forcing the government to reduce its reserves.

Gold Spot Price - StockCharts

Gold Spot Price – StockCharts


About ETFalpha

Chief ETF Strategist & Co-Founder at EMerging Equity


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow Us On Social Media

Google Translate

Like Us On Facebook

Our Discussion Groups

Facebook Group
LinkedIn Group

Follow EMerging Equity on

Our Social Media Readers


Get every new post delivered to your Inbox.

Join 256 other followers

%d bloggers like this: