13
April
Central banks turn net gold buyers, cut euro zone debt: survey
13 April 2011 Reuters
Central banks turned net buyers of gold last year and cut exposure to debt issued by euro zone members Greece, Ireland and Portugal, an annual survey of the world's reserve managers showed.
A quarter of managers polled said they had upped their exposure to 'non-traditional' reserve currencies such as the Australian and Canadian dollars in the last two years and a majority said debt issued by the euro zone rescue fund, the EFSF, had the makings of a sound reserve asset.
http://www.reuters.com/article/2011/04/12/businesspro-us-centralbank-idUSTRE73B7WP20110412
