WORLD GOLD COUNCIL

 world gold council:: http://www.gold.org/download/pub_archive/pdf/Central_bank_diversification_strategies_paper.pdf

Central bank diversification strategies – rebalancing from the dollar and the euro

Central_bank_diversification_strategies_paper.pdf

13 Mar, 2013

PDF, 1.0 MB

A new report by the World Gold Council, “Central bank diversification strategies – rebalancing from the dollar and the euro”, examines the growing trend of central banks’ actively looking to diversify their reserve portfolios. While the dollar is still the primary global currency, its long-term dominance is less certain. In response, central banks are reducing allocations to US dollars and euros while increasing purchases of traditional assets such as gold and Japanese yen and new alternatives including Chinese renminbi.

 http://blogs.marketwatch.com/thetell/2013/03/13/u-s-dollars-share-of-central-bank-reserves-falls-to-54-in-2012-world-gold-council/ 

“Gold has a deep and liquid market with no credit risk, making it one of the most attractive assets for central banks to consider as they diversify away from the U.S. dollar and euro,” he said in a press release.

As of Wednesday afternoon, gold futures for April delivery  GCJ3 -0.19%   traded $5.10, or 0.3%, lower at $1,586.60 an ounce on the Comex division of the New York Mercantile Exchange, but were up about 0.5% month to date.
– Myra Saefong

http://blogs.marketwatch.com/thetell/2013/03/13/u-s-dollars-share-of-central-bank-reserves-falls-to-54-in-2012-world-gold-council/