Metal is ‘in’ with central banks
Central banks purchased enough gold in 2014 to buy 75 Boeing Dreamliners. |||
CENTRAL banks purchased enough gold in 2014 to buy 75 Boeing Dreamliners.Governments added 477.2 metric tons to their reserves, the second-biggest increase in 50 years and 17 percent more than a year earlier, the World Gold Council said in a report yesterday.Based on the average price of gold in 2014, central banks probably paid about $19.4 billion (R228.08bn). A Boeing 787-9 has a $257.1 million retail price, according to the company’s website.Central banks have added to gold reserves for the past five years, …read more
Source: Independent Online
