“Russia, Mexico, Kazakhstan, Kyrgyzstan, Tajikistan, Serbia, Greece, and Ecuador all reported higher gold reserves for June. Contrary to mainstream expectations, almost no central bank liquidated their gold holdings—just the opposite, in fact.  Take a look at the recent buying habits of central banks:  In the first quarter of this year, central banks bought 122.4 tonnes (3.9 million ounces), a pace that that puts them on track to surpass the record 2013 purchases of 409 tonnes (13.1 million ounces). In dollar terms, central banks invested $22.2 billion in gold from January 2013 through March 2014. And this excludes all Chinese data.”

http://www.hardassetsalliance.com/investing-news/newsletter/gold-no-longer-a-safe-haven-asset

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