In an ever changing world, central bankers are reevaluating which currencies to add to their sovereign reserves. Central bankers, by the very nature of their positions, must take every precaution when investing their country's sovereign reserves.Looking around we see Europe in a mess. Greece is being bailed out by its other eurozone partners. As a consequence, its borrowing costs have doubled to 9.4%. Yields on Portuguese debt stands at 6.3%, the highest since the euro started in 1999. Last month the EU announced a 750 billion euro rescue mechanism to stabilize the market. The euro hit a four year low of $1.1877 on June 7. As a sitting central banker, would you go there? Probably not.
Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?
The rally in gold just doesn't want to quit. You are probably wondering what is going on. Central banks around the world hold gold reserves. Periodically, they buy or sell gold, depending on how they view world markets. Right now, central banks are
For the fourth month in a row, 

