The National Bank of Kazakhstan Added 3.1 Tons (101,000 ounces) of Gold To Reserves in October.
Total Gold Reserves Stood at 252 Tons at end of October 2016.
Kazakhstan Gold Reserves Rank 21st in the World.
The National Bank of Kazakhstan added 101,000 ounces of gold to her reserves in October. Along with the Central Bank of Russia and The People’s Bank of China, the National Bank of Kazakhstan is one of the few central banks that have been adding gold to reserves over the past ten years.
Not a Smaulgld subscriber? Sign up here.
Donate To Smaulgld.com via paypal
Gold as a Percentage of Kazakhstan’s Foreign Reserves
The National Bank of Kazakhstan’s foreign reserves were $30.314 billion at the end of October 2016 down from $31.23 billion at the end of September 2016. Despite the decline in overall foreign reserves, Kazakhstan continued to add gold to her reserves.
The 8.09 million ounces (251.62 metric tons) on the National Bank of Kazakhstan’s balance sheet as of the end of October 2016 were worth $10.290 billion or approximately 34% of overall reserves.
In contrast, gold as a percentage of overall reserves at the end of October 2016 was approximately 15% at the Russian Central Bank and approximately 2% at the People’s Bank of China.
Click to see the top 40 gold holding nations.
Donate To Smaulgld.com via paypal
Compare Pricing and Shipping on American Gold Eagle Coins
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
BGASC.com
Golden Eagle Coins
JM Bullion
Money Metals Exchange
Please consider making a small donation to Smaulgld.com. Thanks!
If you have enjoyed this report, please consider buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.