tennesseem Posted February 13, 2015 Report Share Posted February 13, 2015 A REPORT THIS MORNING BY THE WORLD GOLD COUNCIL SAYS THAT IRAQS CENTRAL BANK BOUGHT 48 TONNES OF GOLD DURING 2014,TREBLING THE SIZE OF ITS GOLD RESERVES OVER THE YEAR. FORTIFICATION AND DIVERSIFICATION OF RESERVES,NAMELY AWAY FROM THE US DOLLAR, CONTINUES TO BE THE DRIVING FORCE BEHIND THIS ACTIVITY, ACCORDING TO THE WGC. 3 Link to comment Share on other sites More sharing options...
Officiallytook Posted February 13, 2015 Report Share Posted February 13, 2015 Gravy... Link to comment Share on other sites More sharing options...
King Bean Posted February 13, 2015 Report Share Posted February 13, 2015 That's "roughly" $5.5 billion in gold alone. Now that's what I call a RESERVE. 1 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted February 13, 2015 Report Share Posted February 13, 2015 I was not even aware of the world gold council http://www.gold.org/ Link to comment Share on other sites More sharing options...
brokerkeith Posted February 13, 2015 Report Share Posted February 13, 2015 Gravy... What's wrong with you?...............you forgot the biscuits... 1 Link to comment Share on other sites More sharing options...
tennesseem Posted February 13, 2015 Author Report Share Posted February 13, 2015 WOULD THIS GOLD BE USED TO HELP BACK THE VALUE OF THE DINAR GOING UP? 1 Link to comment Share on other sites More sharing options...
Canadian in Aussie Posted February 13, 2015 Report Share Posted February 13, 2015 That's "roughly" $5.5 billion in gold alone. Now that's what I call a RESERVE. King Bean its stating thats what they purchased last year 48 tonnes. So what is the total amount Now in the gold reserves? eneyone know Link to comment Share on other sites More sharing options...
magicman6685 Posted February 13, 2015 Report Share Posted February 13, 2015 I believe it is three times that amount, around 150 tons of GOLD. Link to comment Share on other sites More sharing options...
kenshin7 Posted February 13, 2015 Report Share Posted February 13, 2015 i may be wrong , but I think they also bought 76 tons too , I hope some one may clarify this is they have better facts but I do believe that they are between 96 and 150 tons of gold reserves Link to comment Share on other sites More sharing options...
kennyc Posted February 13, 2015 Report Share Posted February 13, 2015 Triples the amount? Link to comment Share on other sites More sharing options...
sandfly Posted February 13, 2015 Report Share Posted February 13, 2015 THANKS 1 1 Link to comment Share on other sites More sharing options...
calkid11 Posted February 13, 2015 Report Share Posted February 13, 2015 Thank you. , welcome back Sandfly missed you Link to comment Share on other sites More sharing options...
dontlop Posted February 13, 2015 Report Share Posted February 13, 2015 I think it's around 116 tons total The usa good reserves are over 8000 tons I think China has the most The cbi web site says right under foriegn reserves it says they have 5100billion dinar worth of gold and sdr combined So around 4.6 billion dollars worth Of gold and sdr The cbi is the only one licensed to buy gold in iraq so they buy it for the kurds and the kurds have about 28 tons in the private market in jewlery and such Kurdish gold http://rudaw.net/english/business/12072014 Link to comment Share on other sites More sharing options...
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