Central Banks' Gold-Buying Spree Is Far From Over, Poll Shows

From bnnbloomberg.ca

It looks like the gold-buying spree by central banks in the past decade will probably continue for a while yet. In a survey of central banks conducted by the World Gold Council and YouGov, 54% of respondents expect global holdings to climb in the next 12 months amid concerns about risks in other reserve assets. Looking further ahead, two-thirds see gold’s share of reserves staying the same or rising in five years’ time. Nations have expanded gold holdings by about 14% since 2009, with the hoard now valued at roughly $1.6 trillion. Nations from Russia to China to Poland have added to reserves as economic growth ... (full story)