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Argentina's central bank moves more reserves into gold

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  • GATAComm@aol.com
    Argentina s Central Bank Increases Gold Reserves Reuters Tuesday, September 28, 2004 http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6351310
    Message 1 of 1 , Sep 28, 2004
      Argentina's Central Bank Increases Gold Reserves

      Reuters
      Tuesday, September 28, 2004

      http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6351310

      LONDON -- Argentina's central bank bought more
      gold in July and August, taking its gold reserves up
      to 1.77 million troy ounces by the end of August, or
      55.1 tonnes, according to data on the bank's
      Internet site.

      The bank confirmed in August that it had bought 42
      tonnes of gold in the first half of 2004 to diversify
      its reserves after the end of the peso's one-to-one
      peg against the dollar in early 2002.

      The bank's website showed that gold reserves were
      at 1.72 million ounces (53.5 tonnes) in July and 1.37
      million ounces (42.6 tonnes) in June.

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