Gold and What Moves it.
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Peru 2012 mineral exports shrink 1.7% on Gold

From www.bullionstreet.com - February 12, 2:50 PM
Peru's national statistics agency INEI said the nation saw a 1.7% fall in mining exports in 2012 due to an 11.4% decrease in gold exports.

 

LIMA(BullionStreet): Decrease in gold exports trim overall mineral exports of Peru by 1.7 percent last year.

 

Peru's national statistics agency INEI said the nation saw a 1.7% fall in mining exports in 2012 due to an 11.4% decrease in gold exports.

 

In December last year, country's gold exports took a 35.2% dive in December from $191mn in 2011 to $124mn last year.

 

The lower gold exports contributed to the 18.7% drop in overall mineral exports in the last month of 2012.

Hal's insight:

Hmm... This is interesting. I wonder what this will hold for gold demand?

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Russian central bank to keep buying gold, moving away from risky paper assets | Gold Anti-Trust Action Committee

Russian central bank to keep buying gold, moving away from risky paper assets | Gold Anti-Trust Action Committee | Gold and What Moves it. | Scoop.it
From gata.org - January 24, 3:23 PM

By Darya Korsunskaya
Reuters

 

DAVOS, Switzerland -- The Russian central bank will continue to buy gold as it seeks to diversify its foreign reserves away from paper assets it views as risky, First Deputy Chairman Alexei Ulyukayev said today.

 

The Bank of Russia has built up the world's fourth-largest foreign reserves, worth $530 billion, by buying oil export dollars to keep the rouble competitive. The hoard includes two rainy-day budget funds that guard against fiscal shocks.

 

The bank has also been a bullion buyer and the share of gold in its reserves is approaching a medium-term target of 10 percent, raising questions over whether it would keep buying gold. ...

Hal's insight:

Keep buying gold? Really? What do the Russians know that the West doesn't? 

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