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Qatar increases gold holdings fifteen fold

My latest article on CMIGS’ Articles Page discusses rumors and the possibilities of Asian central banks diversifying their reserve holdings. Shortly, after the article was posted, I discovered the same topic being discussed in a mineweb.com article, which notes that Qatar, a small Persian Gulf emirate, increased its gold reserves 15 fold in the last twelve months, evidence that central bank diversification into gold is not a pipedream for gold investors, but it could be a nightmare for the U.S. Treasury.

Posted by Administrator on July 18th, 2007

Category: Gold