Wikinvest Wire

Updated official gold holdings

Monday, June 22, 2009

The World Gold Council released updated statistics for its official world gold holdings showing a huge increase for China, a small increase for Russia, and France as the biggest seller.
IMAGE As was discussed at length over the last month, China added some 454 tonnes to their reserves, vaulting them into sixth place, and Russia added 12 tonnes. France sold 39 tonnes, dropping them from 4th to 5th place, and Sweden, the BIS, and Slovakia all made smaller sales.


Economy said...

If the IMF does sell it's gold, I hope that the US will buy it (with printed money).

That would be funny.

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