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Serbia has increased its gold reserves by more than 10 tons in one year and currently has 32 tons of gold.
According to TV Prva, the price of gold has risen as much as 30 percent in the last year, reaching almost $ 2,000 an ounce.
Serbia’s foreign exchange reserves amount to 13 billion euros, and gold participates with 1.6 billion. That’s exactly 2,500 levers, each of which weighs two and a half kilograms, according to TV Prva.
“It gives you security.” Gold, under conditions where the situation with exchange rates is changing abruptly and has negative consequences of the epidemic and deficits in many countries, has become what citizens and investors believe it’s safe, “says Finance Minister Siniša Mali.
The Governor of the National Bank of Serbia, Jorgovanka Tabaković, told Prva that Serbia was consciously buying gold.
“We buy gold in a very conscious way, because what is in securities and in foreign currency not only generates positive interest, but also costs money. We live in an age where money is spent, not earned, “he said, Tanjug reports.
According to her, buying gold meant putting it in her vault and having something safe, which drives up the price.
In Serbia, a gram costs 8,700 dinars, and the reason for the record gold prices lies in the pandemic, says broker Nenad Gujancic.
After Serbia, North Macedonia has the largest amount of gold in the region, almost seven tons, Slovenia three, Bosnia and Herzegovina almost as much as Slovenia, Montenegro has a promised ton for loans and Croatia supposedly has “zero”, because it sold everything gold.
The Americans have the most gold, 8,407 tons, and the Germans with just over 3,400 tons, followed by the Italians, the French, the Russians and the Chinese.
According to TV Prva, the disintegration of the RFSY allegedly left 45 tons of gold in the vault, which was distributed by succession among the republics of the former Yugoslavia.
Five tons were shipped to finish in 2001, so they were sold, and no one has figured out what happened to that money to this day.
The first reminds us that the saying “not everything is in the money, there is something in the gold bars” that turned out to be inevitable in times marked by a pandemic.
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