Gold Stock

Gold Stock

Reserves of gold kept by the U.S. Treasury. They consist of both gold bullion and certificates of gold that the Treasury issues to Federal Reserve Banks.
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THE Reserve Bank of India's ( RBI) latest move to assess gold stock in temples may have ruffled sentiments of believers, but some experts say the move, seen as a precursor to buying gold from temples, is welcome.
Many central banks hold large amounts of gold in their reserves, equal to around 18% of the global above ground gold stock, while a similar amount of gold is held by private investors in the form of gold bars and coins, who often view it as a hedge against inflation.
Within the gold stock sector, one needs to select the proper companies.
But AKEL deputy Stavros Evagoras defended the government, saying that when France and Germany sold of their gold stock at high prices, no one assumed they were on the verge of bankruptcy.
When that potential is unleashed, no gold stock or oil stock or uranium stock could match its value.
2001, while the Gold Stock Index was up 6 percent and the Dow Jones was off 7 percent.
George Wein, publisher of Select Information Exchange (SIE), newsletter distribution service, writes, "Out of more than 170 newsletters, SIE picks Bunka's Outsider's Overture as the #1 junior gold stock picker.
The Treasury sold, net, more than $10 billion worth of gold between December 1958 and August 1971, cutting its gold stock in half (see chart 1).
The silver lining for gold stock investors is that miners have typically bounced back the year after the election.
Romania s gold stock left unaffected from the end of 2012, amounted to 103.
Contrary to popular belief, gold earns a real yield based on the fact that world real GDP growth outpaces world gold stock growth (a unit of gold increases its claim to world goods and services); whereas fiat money supply outpaces real GDP resulting in loss of purchasing power.
Centerra Gold stock jumped 11 percent on Wednesday on hopes it may finally be close to nailing down an ownership accord with the Kyrgyz government for its Kumtor mine, after the two sides appeared to concur on a draft version of an agreement, reported Reuters.