CBA load with money

The main lender of the country has bought a significant amount of valuable metal. The representative of the Central Bank Sergey Shvetsov said that his bank since the beginning of this year acquired the domestic market of 100 tonnes of gold. Spent on the purchase amount is not made public. If we take the valuable this year, buying gold has cost the State Bank of almost $ 4 billion last year was purchased 30 tons of the precious metal from Gokhran, on what was spent about $ 1 billion in gold in recent weeks has become the most popular tool for saving and investing. Global financial market has shrouded "Gold Rush", which led to an increase in metal prices from $ 1100 to $ 1350 for the Trojan ounce (31.1 grams) in January-October 2010. Over the last three years, foreign exchange reserves of Russia increased almost twice: from 402 tons in 2007 to 734 tons - in the current. It is known that in 1792, an ounce of gold was worth only $ 19.9. After half a century, in 1934, it has risen in price to $ 35, and in 1974 - up to $ 195. Just four years ago, gold was worth $ 620. Independent experts have attributed this increase in prices started the war of currencies. Currencies developed countries artificially devalued in order to enhance competitiveness, leading to a decrease in the value of assets invested in foreign currency. To preserve the accumulated, the richest people in the world and the state transfer their savings portfolios from currency into gold.