Foreign Central Banks Add to Gold Holdings

The Central Bank of Bangladesh purchased 10 tons of gold last week and experts believe a number of other Asian central banks will make similar moves and support the price of gold coins.
 
Sept. 14, 2010 - PRLog -- The Central Bank of Bangladesh purchased 10 tons of gold last week and experts believe a number of other Asian central banks will make similar moves and support the price of gold coins.

Experts believe that central banks are moving to purchase gold because they believe the prices will be supported, and will be increasing, over the intermediate term. Gold hit a record closing price last week and is within striking distance of its all time record price of $1266.50.

Global Gold Group recommends that investors buy gold as part of a diversified portfolio. They event offer a free portfolio check-up. To get more information about investing in gold coins, check out their website at http://www.aglobalcurrency.com
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Source:Global Gold Group
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Tags:Gold, Gold Coins, Silver, Bullion, Record High, Price, Banking, Government, Portfolio, Invest In Gold, Buy Gold, Stocks
Industry:Banking, Finance, Government
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