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Central Banks Continue to Build Gold Caches; Which Country Next?
Sep. 09, 2011 01:07PM PST
Precious MetalsPlatts reported on which country’s central bank is most likely to be the next to increase gold reserves.
Platts reported on which country’s central bank is most likely to be the next to increase gold reserves.
The market news is quoted as saying:
Charles Gibson, sector head, mining research, at Edison Investment Research, told Platts: “Anyone with large dollar reserves–i.e. creditor nations. China is the most obvious, but has been well covered. Japan is a possibility, but has never been as large a participant in the gold market as it should be. The most obvious other candidates are commodity producers running current account surpluses, which suggests OPEC, Russia and Latin America to me.”
