karya-mandau

Gold prices rose after the U.S. Federal Reserve, the Fed announces stimulus (quantitative easing) is infinite. But gold prices also supported the central bank gold purchases.

According to the World Gold Council (WGC), the world's central banks bought 157.5 tons of gold in the second quarter 2012, up 63 percent from the previous quarter or 137.9 per cent (year to year).

Here are the 10 countries that have the greatest gold, as reported by insider bussines. This arrangement is in addition to berdasarkaan data from WGC, also considering the gold reserves of the country.

10. India
Gold holdings: 557.7 tons
Holdings of foreign reserves in gold: 9.9 percent.

Central Bank of India is known for buying gold from the International Monetary Institute or the IMF and the gold is considered a safe investment.

9. Netherlands
Gold holdings: 612.5 tons
Holdings of foreign reserves in gold: 60.7 percent.

In 1999, the Netherlands announced, through the Central Bank Gold Agreement (CBGA1), that they would sell 300 tonnes of gold over the past five years, but only managed to sell 235 tons.

In CBGA2 (2004/2005-2008/2009) they will sell 165 tonnes (including the remaining 65 tons remaining turnover of CBGA1) and announced no sales under CBGA3 (2008/2009-2013/2014).

8. Japan
Gold holdings: 765.2 tons
Holdings of foreign reserves in gold: 3.1 percent.

Japan's gold reserves only 6 tons in 1950. Bank of Japan is serious about buying gold in 1959, with the purchase rose to 169 tonnes from the previous year.

In 2011, the Bank of Japan to sell its gold to pump up the economy by 20 trillion yen to calm investors after the tsunami and nuclear disaster.

7. Russia
Gold holdings: 936.6 tons
Holdings of foreign reserves in gold: 9.6 percent.

Russia has built up its gold reserves since 2006 to diversify its foreign exchange reserves and help the Russian currency, the ruble as an international reserve currency. The central bank usually buy gold from domestic market and purchases rose in September.

6. Switzerland
Gold holdings: 1040.1 tons
Holdings of foreign reserves in gold: 12.1 percent.

According to the World Gold Council, in 1997 the Swiss central bank announced it was selling most of the country's gold reserves because gold is considered not necessary for monetary policy.

1,300 tons of gold that is considered surplus was sold in May 2000. 1170 tons sold under CBGA1 and 130 tons sold under CBGA2. Switzerland announced no plans to sell gold under CBGA3.