Azerbaijan repatriates gold

Baku, Fineko/abc.az.

The State Oil Fund of Azerbaijan (SOFAZ) has placed today the first ton of physical gold in the safety vaults of the Central Bank in Baku, purchased at the London Stock Exchange of Precious Metals (LBMA) within the SOFAZ investment policy.

According to the Fund, today British company Brink’s Global Services delivered from London to Baku and placed 1 ton (32,150 ounces) of gold owned by SOFAZ in the CBA vaults.

The Oil Fund has been acquiring physical gold since February 2012 in batches of 10,000 ounces a week.

Referred by silverdoctors.com