National banks to load with money

On Friday, May 6, Vedomosti newspaper wrote that, while February and March, the central banks of Russia, Mexico and Thailand added to gold reserves by $ 6 billion in recent months, the Mexican National Bank bought 100 tons of gold, which is 4 % of its reserves. Russia in March has increased gold reserves at 18.8 tons to 811.1 tons, Thailand - at 9.3 tons to 108.9 tons of gold bought National Bank not long ago. The last time - in the 1980's. When the price of the metal rose to a record at that time $ 850 per troy ounce. Next 20 years, gold became cheaper. In March 2001 an ounce was worth less than $ 260, but then the gold gradually began to rise in price, and in November 2008 an ounce already given $ 815 (data Reuters). Raging crisis, investors converted into reliable assets and precious metals prices quickly went up. "The Central Bank compelling reason to buy gold - quoted by Bloomberg, University of Maryland professor Peter Morici. - U.S. has ceased to be a reliable asset to support the currency and treasury bonds - a good investment. " On Monday, gold set a new record - $ 1,577.57 per ounce. "Buying gold Mexico reiterates the demand from central banks in developing countries that seek to diversify, - told Bloomberg analyst at LGT Capital Management Bayram Dinser. - They are large buyers of more than one year. " Gold will go up further, experts agree. The company GFMS promises this year's $ 1600 per ounce, Bank of America Merrill Lynch - $ 1650, Barclays Capital - $ 1800 in the I quarter of 2012, Harmony Gold Mining - $ 1800 a year.