MercoPress. South Atlantic News Agency
Brazil increases gold holdings to 52.5 tons, according to the IMF
Brazil increased gold reserves for a second month in October to the highest level in more than 11 years as emerging nations from Kazakhstan to Russia boosted holdings by more than 40 metric tons. Read full article
Comments
Disclaimer & comment rulesBahh
Nov 21st, 2012 - 08:47 pm - Link - Report abuse 0i got more gold than that in me piggy bank.
[wishfull thinking]
the brits are about 17th place i belive.
1
Nov 21st, 2012 - 09:18 pm - Link - Report abuse 0Foolish Mr Brown sold off a lot of UK gold at the worst possible time.
Gold is beautiful and intrinsically valuable. Sensible countries keep a significant % of their reserves in gold.
sadly mr brown was not sensible.
Nov 21st, 2012 - 09:25 pm - Link - Report abuse 0he was a fool.
Hold on to it tight before the IMF takes it or the UK finds an excuse to invade you and steal it.
Nov 21st, 2012 - 11:17 pm - Link - Report abuse 0Brazil's gold is in Brazil, they have nothing to worry about, and by the way, they will keep on buying..all part of the “currency war”. All “ermerging” nations are buyers.
Nov 22nd, 2012 - 04:46 am - Link - Report abuse 0“the brits are about 17th place i belive.”
Keep believing, most of the gold at the bank of england DOES NOT belong to the UK..:D..hint: The dutch and Germans are going after their gold that's being “protected” by the Fed and BOE....:D..let's see if they will get their gold back..(nah, don't think so, foolish to trust them). Fort Knox: No gold, but a HP printer (printing fiat money unlimited (QE)...lol.
Just to bring a degree of reality here: 52.5 Imp Tons is 53.357 metric tonnes ans a gold cube weighing this amount would be just 1.4 M on all three sides, or for the LatAms (I will include Dildo in this) 140 cm per three sides.
Nov 22nd, 2012 - 10:20 am - Link - Report abuse 0Best investment I ever made was in gold sovereigns, but lots and lots of them (no VAT, just capital gains).
It has to be said it's a bit of an odd time to be buying gold from my perspective. About six years ago would have been a good time to (when the price was about 1/3 of what it is now).
Nov 22nd, 2012 - 11:34 am - Link - Report abuse 0Admittedly the price has been higher than it is now, but not by much. I always thought the way of these things was to buy low and sell high?
@7 Rufus
Nov 22nd, 2012 - 01:18 pm - Link - Report abuse 0You buy on dips and sell on rises.
No serious gold buyer waits six years, and you have to factor in the inflation during that time.
“No serious gold buyer waits six years, and you have to factor in the inflation during that time.”
Nov 22nd, 2012 - 01:55 pm - Link - Report abuse 0Quite right. A central bank doesn’t buy gold to make a quick buck (although it doesn’t hurt to do so). It is a sensible long term strategy. If you hold heaps of USD you are hostage to the Feds printer.
Fido:
Venezuela recently repatriate gold from London without any problem. Are you seriously suggesting that the Dutch and Germans have requested gold from the BoE and the latter is refusing to hand it over! Where has this been reported?
@8 Chris
Nov 22nd, 2012 - 01:55 pm - Link - Report abuse 0Fair enough, and in truth I could probably tell you more about gold intermetallics than I could about gold trading...
Bye b ye USD
Nov 22nd, 2012 - 04:10 pm - Link - Report abuse 0@11
Nov 22nd, 2012 - 07:07 pm - Link - Report abuse 0What for, AG Pesos?
Ha, ha, ha to the power googol!
“Venezuela recently repatriate gold from London without any problem.”
Nov 22nd, 2012 - 07:23 pm - Link - Report abuse 0They got it back, because they HAD no choice and bought it on the openmarket. Source, insidernews at zerohedgde, lars shall (gold market manipulation explained) and on the keiser report (RT).
“Are you seriously suggesting that the Dutch and Germans have requested gold from the BoE and the latter is refusing to hand it over! Where has this been reported?”
Yes I am serious, just read (see link, Keiser Report). If the Germans were refused to see their own gold by the Federal Reserve, do you really believe that the silly (more idiots) government of my country (The Netherlands) will see their gold? Answer is highly..NO. Only fools believe/trust the criminals in London and NYC. There is NO GOLD..unless they buy it on the openmarket what will make the price go skyrocket and will end the PONZI FIAT SCHEME.
http://maxkeiser.com/2012/11/08/german-calls-for-gold-repatriation-intensify-as-fed-refuses-to-allow-inspection/
@13 Fido Dildo
Nov 22nd, 2012 - 09:26 pm - Link - Report abuse 0You need to go and have a lie down in a dark room with a young lady or whatever gets you off.
You are one weird character if you believe that the UK will steal some other country out their gold.
I thought you were in the USA? Another hypocrite then!
we may not , at this moment in time have lots of gold,
Nov 23rd, 2012 - 12:12 pm - Link - Report abuse 0thank you mr brown,
but in time hopefully we will grow the pile again,
just a thought.
@12 Chris
Nov 23rd, 2012 - 03:42 pm - Link - Report abuse 0Depends what you want them for, Pesos themselves presumably are soft, fairly resiliant and very plentiful (i.e. soft, strong and very very long)
Yet more good news for Brazil =)
Nov 23rd, 2012 - 11:51 pm - Link - Report abuse 0And even more great news,
Nov 24th, 2012 - 07:30 pm - Link - Report abuse 0Google has updated their maps.
Bad news is
Argentina’s disappeared .lol.
.
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