Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Israeli Central Bank to Use Its Reserves to Buy US Equities

IMG Auteur
Published : March 02nd, 2012
354 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 ) , 1 commentary
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
1
comment
Our Newsletter...
FOLLOW : Central Bank, Israel, Swiss

 

 

 

 

Not even bonds yet, but stocks?

It makes sense that some Central Banks have started to buy in the stock markets for private corporations. After all, central banks have always held the debt of their sovereigns, and this is just the reality of corporatism.

It is hard to figure out who might be more upset about this story: the US stock bears, or the Israeli taxpayers.

Well, Stan Fischer, the Governor of the Bank of Israel, was Ben Bernanke's mentor at MIT. Maybe he is just helping?

This adds a new dimension of flexibility to the Fed's swap lines with foreign central banks.

Can you say ponzi scheme, bubbe?
תוכנית פונזי

I know it's over when the fat lady sings, but the cantor?


Bloomberg
Israel to Begin Investing Reserves in U.S Equities Today
By Alisa Odenheimer
Mar 1, 2012 4:45 AM ET

The Bank of Israel will begin today a pilot program to invest a portion of its foreign currency reserves in U.S. equities.

The investment, which in the initial phase will amount to 2 percent of the $77 billion reserves, or about $1.5 billion, will be made through UBS AG and BlackRock Inc. (BLK), Bank of Israel spokesman Yossi Saadon said in a telephone interview today. At a later stage, the investment is expected to increase to 10 percent of the reserves.

A small number of central banks have started investing part of their reserves in equities. About 9 percent of the foreign- exchange reserves of Switzerland’s central bank were invested in shares at the end of the third quarter, the Swiss bank said on its website.

The investment will be made in equity index trackers and will include between 1,500 to 2,000 shares, among them stocks like Apple Inc. (AAPL), Saadon said.

The central bank decided to add equities to its investment portfolio in order to diversify, reduce risk and give better performance, Barry Topf, senior adviser to Governor Stanley Fischer, said in a Dec. 1 interview.


Note: When they say 'Securities' on the balance sheet below, they mean debt as in sovereign bonds.
I don't know how they will characterize equities.



 

 

Data and Statistics for these countries : Israel | All
Gold and Silver Prices for these countries : Israel | All
<< Previous article
Rate : Average :0 (0 vote)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
U.S.A. Caught in Enormous Policy...
03 MayCameron Waugh1
No comments because there is not much more that can be added to that. Short paper and long the PM's, thanks Jim.
JP Morgan Cornering Silver Bulli...
01 Mayovertheedge
Good article. There is one other conspiratorial reason why JPM might be accumulating major tonnage of silver. Throughout history, silver ha...
10 year Price vs Sentiment Map f...
01 Mayuser4779
Thanks, Bron, for this nice chart---more informative than just a plain old scatter plot. A 5-star article.
Picking Undervalued Gold Equitie...
29 Aprcapitalstars
MCX Commodity Gold Silver Tips is the most favourite service for all of traders but so much risk is involved in bullion trading. In this people can...
It’s Over: This Is the ONLY Pict...
29 Apruser4779
Two questions arise about photo of the fruit seller: when? and where? The laptop or notebook computer puts it probably in the last 5 years. That, ...
Inflation Inferno I
29 AprSilverthumb
Great article. I hope many people get a chance to read it. I'm going to read it for a second time right now. My thanks to the author>
Deconstructing and Debunking Sha...
29 AprDoom
I was under the impression that the inflation stats on his site were, as he explained them: one set is "official government inflation", and the oth...
Martin Armstrong – Gold Bullion ...
22 Aprbaregil
This Armstrong individual suffers from hyperinflation of the Ego. He speaks in a cryptic, sybilline and esoteric fashion, trying to make an impress...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
HudBay(Cu-Le-Ni)HBM.TO
Hudbay Announces Strike Action at Manitoba Operations
CA$ 12.51+4.86%Trend Power :
Corporate news
GWR(au-cu)GWQ.V
GWR Chair John Brown Steps Down, New Directors Gordon & Wiebe Appointed
CA$ 0.02-16.67%Trend Power :
Corporate news
Pacific Wildcat(Au-Ag)PAW.V
NR #2015-7 PAW Update on Management Cease Trade Order
CA$ 0.00+0.00%Trend Power :
Corporate news
Houston Lake Mining(Au-Pa-Pl)HLM.V
HLM Announces $275,000 Shares for Debt Financing
CA$ 0.14+0.00%Trend Power :
Corporate news
Central Gold(Au)GTU
Central GoldTrust Unitholders Overwhelmingly Reject Polar's Self-Serving Proposals and Elect All of Central GoldTrust's Nominees to the Board
US$ 41.56-0.60%Trend Power :
Corporate news
Corsa Capital Ltd.(Au)CSO.V
Coal Announces Financial Results for Fourth Quarter 2014 and Fiscal 2014
CA$ 0.13-7.14%Trend Power :
Financials
Atna Resources(Ag-Au-Cu)ATN.TO
. Reports First Quarter 2015 Results
CA$ 0.10-4.76%Trend Power :
Financials
Atna Resources(Ag-Au-Cu)ATN.TO
. Reports First Quarter 2015 Results
CA$ 0.10-4.76%Trend Power :
Financials
Euromax(Ag-Au-Ngas)EOX.V
Euromax Announces In-Principle UFK Eligibility and Mandating of Societe Generale, UniCredit Bank and Caterpillar Financial to Arrange and Provide a Debt Package Totalling USD 240 Million
CA$ 0.42+0.00%Trend Power :
Corporate news
Copper Fox(Ag-Au-Cu)CUU.V
Copper Fox Announces Corporate Updates and 2015 Program at Eaglehead Project
CA$ 0.18+2.94%Trend Power :
Corporate news
Comments closed
  All Favorites Best Rated  
Israel blackmailed ! The U.S. want their money back ! ☺ ALT1