The Phaserl


Turkey, Russia, Kazakhstan, Azerbaijan Buy 30 Tonnes Gold In April 2013

by Taki T., Gold Silver Worlds:

According to the latest report from the IMF, central banks of Turkey, Russia, Kazakhstan and Azerbaijan have increased their gold reserves last month with some 30 tonnes. The latter three have added 75% more gold in April than they did in March.

  • Russia bought 269,000 troy ounces (approximately 8.6 tonnes) bringing its reserves to 31.8 million ounces (approximately 1017 tonnes).
  • Kazakhstan bought 85,000 ounces (approximately 2.7 tonnes) bringing its reserves to 4 million ounces (approximately 128 tonnes).
  • Azerbaijan bought 32,000 troy ounces (approximately 1 tonnes) bringing its reserves to 129,000 ounces (approximately 1 tonnes). The former Soviet country started their gold purchases only in December 2012.

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