During 2000-s Iran have been buying up large volumes of gold on the Worlds’ markets. As Wikileaks web-site has found out, Andrew Bailey, the representative of Bank of England has declared about it to American diplomats in 2006. The Financial Times newspaper dated March, 21st quotes Bailey, but Bank of England does not give any official comments on Bailey’s words. It is supposed that Iran has accumulated about 300 tones of gold in its reserves. If to compare with 1996, at that time it had only 168.4 tones only. According to the stock of gold Iran is included into the top 20 World’s leaders. As to analytics’ information, during the last 10 years Iran has been one of the most active buyers of gold after China, Russia, and India.
Gold reserve is needed for assets diversification. The gold demand is usually high when the market situation is not stable and it is very risky to invest funds in currency. However, during 22 years before 2010 the World biggest central banks’ total sale of gold had been exceeding buying volumes. During recent years gold prices have been raising and regularly renewing historical price maximums. In 2011 the price maximum was fixed at the mark of $1444.4 per troy ounce. The reason of it is disorders in the Middle West and civil war in Libya.