Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

Nov 18 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: lorne who wrote (69052)	5/11/2001 8:21:49 AM
From: lorne	Read Replies (1) of 116762

Got gold? Asia banks haven't got much Asia central banks have scant gold holdings compared to their total reserve, a World Gold Council meeting in Honolulu has been told. "They're surprisingly low when compared to those of the United States, Europe and the Middle East," says World Gold Council regulatory affairs specialist Dick Ware. He says Asian central banks typically hold 1 to 5 percent of reserves in gold compared to 34 percent in Germany, 41 percent in France, 45 percent in Italy and 56 percent in the United States. The meeting was timed to coincide with this week's Asian Development Bank conference at the Hawaii Convention Center. Ralston Thiederman, the Singapore-based head of the Council's Asia Pacific division, says Asia banks' attitude is the more surprising since the region has a strong cultural affinity for gold. "As a group Asian Pacific countries consume more gold than they produce and the region contains some of the world's heaviest gold consumers." pacific.bcentral.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next