Research and publications on the world economy

Investing in gold


The US dollar will earn its status of world reserve currency in the next 25 years, Financial Times writes with link for interview, conducted by an investment bank UBS among managers of currency reserves of central banks of the world.

More than half of respondents believe that the dollar will be replaced by a portfolio of currencies.

In previous years analysts thought that the dollar will retain the status of a reserve currency.

Once again the results of the interview shows disappointment of investors in American currency amid fears ,that the US administration couldn’t handle with shortage of budget, but Federal reserve system will experience difficulties with reduction of the amount of assets with record level.

Since early 2011, the dollar has fallen in price by 5 % falling to its lowest level against a basket of major curriencies for the whole history of trading.

Countries large holders of foreign exchange reserves in the first place Cina in recent years to diversify their reserves increases the share of other countries.

By evaluation of british bank Standard Chartered , 75% from 200 billion dollars of revenues in the IMF in January-April 2011 it have been invested in undollar assets .

Atrractive for investments will became gold bars: 6 % of respondents said that in the next 10 years in their portfolios will increase the proportion of gold.

According to the World Gold Council since the beginning of 2011 the centralbanks the first stage of Russia and Mexiko acquired 151 tonne of gold.If the trend continues in 2011, the Central Bank will buy a record number of gold bullion in 1971 ceased to exist when the Bretton Woods monetary system.

The survey of UBS conducted last week among more 80 of control of foreign exchange reserves of central banks of sovereign wealth funds diversified financial institutions during the annual financial seminars.