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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (41393)9/28/1999 7:36:00 PM
From: goldsnow  Respond to of 116923
 
The European banks, which hold some 50 percent of official reserves, pledged to limit annual sales to 400 metric tons for the next five years, cutting the potential supply of gold to the market and boosting the metal's sagging price.

infoseek.go.com



To: Bobby Yellin who wrote (41393)9/28/1999 11:20:00 PM
From: goldsheet  Respond to of 116923
 
> do you know actually what percentage of gold the central bankers
> hold?

You mean out of all the gold that has been mined. I seem to recall from USGS that 3.5 billion ounces has been mined in world history, and central banks hold about 1.1 billion, close to 1/3 ??

World Gold Council has a list of central bank holdings;
gold.org

P.S. Numbers are from memory, therefore close, but not exact.


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