Central Bank of Iceland’s Gold Supply Grows Skip to content

Central Bank of Iceland’s Gold Supply Grows

The almost two tons worth of gold owned by the Central Bank of Iceland has grown in value by more than 25 percent in the past few weeks, by ISK 700 million (USD 11 million, EUR 7 million) in a short period of time.

Six weeks ago the gold was estimated to be worth about ISK 3 billion (USD 46 million, EUR 31 million), but now its value is ISK 3.7 billion (USD 57 million, EUR 38 million), according to its world market price, Fréttabladid reports [16.01.08].

The price of gold is skyrocketing worldwide. For the past 12 months its value has increased by 50 percent at international markets.

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