Serbia has become significantly richer in one year, and this is where the state money is: it is the safest today, the price is going up!

Bank, vault, Photo: EPA

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.

Do you save in gold?

“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 that it’s safe, “says Finance Minister Sinisa 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 a time when money is spent, not earned,” he said.

According to her, buying gold meant putting it in her vault and having something safe, which drives up the price.

Jorgovanka Tabaković, Photo: Tanjug / Sava Radovanović

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.

Americans have the most gold, 8,407 tons, and Germans with just over 3,400 tons, followed by Italians, French, Russians and Chinese.

According to TV Prva, the disintegration of the FSYR allegedly left 45 tons of gold in the vault, which was successively distributed among the republics of the former Yugoslavia.

Five tons were sent for processing 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 also something in the gold bars” that was inevitable in times marked by a pandemic.