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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

4:00 PM EST

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To: Logain Ablar who wrote (64275)	6/23/2010 6:00:49 AM
From: elmatador	Read Replies (1) of 217764

Saudi gold reserves over twice previous estimate The World Gold Council has more than doubled the estimate of the amount of gold Saudi Arabia's central bank holds as part of the country's foreign reserves. Figures from the WGC, which tracks gold bullion holdings by nations the world over, show that the Saudi Arabian Monetary Agency's gold holdings stand at 322.9 tons, up from 143 tons reported in March. Analysts said Monday the shift appeared to reflect either an accounting change or that the oil-rich kingdom had invested more in gold in 2008 when prices for the metal were taking a hit during the global economic meltdown. The WGC said gold data was modified from the first quarter of 2008 because of the "adjustment" of the SAMA gold accounts.

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