HIGH DEMAND: We cannot guarantee our usual delivery service. Orders will be dispatched within 1-3 working days.

Open menu Close menu Menu
Open charts menu Close charts menu Charts

Call us: 0121 634 8060, 7 days, 7am - 10pm

Free Insured Next Day Delivery

Ounce Gram
Gold £1273.26 £40.936
Silver £14.158 £0.4552

Updated 14:48 25/02/20

£ $

Central Banks have secretly invested $29 trillion in the market


Adam Pike, News Editor
16 Jun 2014, 10:46 a.m.

According to the Financial Times, “a cluster of central banking investors have become major players in the world equity markets.” The Official Monetary and Financial Institution Form (OMFIF) are due to confirm their findings in their latest report which is to be published this week.

The report seen by the Financial Times will confirm 400 public institutions have invested $29.1 trillion within international markets, including gold. Speculation is rising that these institutions would prefer to hold financial assets rather than the U.S. dollar.

The report will also confirm China’s State Administration of Foreign Exchange is now the world’s largest holder of equities as China attempts to diversify their reserves away from the U.S. dollar.

View original source at: www.zerohedge.com

comments powered by Disqus