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March 24, 2010 - When preparing to make an Investment it is always best to follow the lead of those “in the know”, and when it comes to the future of currencies and Gold Investments nobody is more in the know than the Governments Central Banks.

According to data compiled by the World Gold Council Last year, central banks around the world added the most gold to their reserves since 1964. The combined gold holdings of all central banks rose by 425 metric tons. This translates in a monitory policy shift of about $13.3 billion at last year's average price. India, Russia and China all increased gold reserves last year. Central banks hold about 18 percent of all gold. They are presently expanding their holdings for the first time in a generation.

It is estimated that the Central Banks may increase their holdings by somewhere between 187 to 218 tons this year. If we didn’t take to the clues of major investment bank CEO’s in 2007, while Americans were blindly riding the sub prime housing rage upper management bank officials were quietly selling off their shares of stocks in their bank, we might want to pay attention to the Central Banks in 2010. Gold investments climbed 24 percent last year, reaching a record $1,227 an ounce in December, gold prices maintained the longest growth period in at least 90 years during that same time frame.

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Stewart Lawson

Senior Staff Writer - Gold-Investment.info