Tag Archives: gdx

Colombia Foreign Reserves for Week Ending May 31 (Table)

12 Jun

There is normally a lot of focus on central bank gold holdings in China and India. They have the world’s attention. However, even large purchases of gold by China and India have little impact on their total gold weighting due to their large holdings of fiat currencies.  Sometimes I find it more helpful to assess gold holdings of periphery countries as their parabolic demand for gold is more visible. Columbia’s gold reserves have increased almost 27% year-to-date through to 31 May 2011.

Bloomberg

%d bloggers like this: