Serbia must keep buying gold to brace for crisis, President Vucic advises central bank ...News

Russia Today - Economy
Serbia must keep buying gold to brace for crisis, President Vucic advises central bank
source : Russia Today ( News ) () 70
The National Bank of Serbia has been instructed by President Aleksandar Vucic to continue boosting gold reserves in order to create an economic bulwark for the country. “I think we’ll continue doing that because of what we see in which direction the crisis in the world is moving,” Vucic told reporters in Belgrade, citing slowing growth in the euro area which is Serbia’s top trading partner and main source of investment. Vucic’s advice comes as the country added nine tons of the precious metal last month to increase its bullion reserves to more than 30 tons. Serbia’s gold holdings now make up ten percent of the country’s total reserves.

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