Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Mexico Sees Gold as Best Risk-Reward Investment, Carstens Says

May 6 (Bloomberg) -- Mexico’s central bank is buying gold to obtain the “best risk-return balance” for its investments and won’t necessarily continue purchasing bullion this year, said Agustin Carstens, governor of the institution.

“We want to get the best risk-return balance in our investments,” Carstens said in an interview with Bloomberg Television in Helsinki today. “Given the performance gold has had in the recent past, it turns out it would allow us to have a higher return without much risk.”

The bank bought 100 tons of gold in recent months, accounting for 4 percent of international reserves, according to a statement e-mailed on May 4. The institution is “so far happy” with the purchases, Carstens said.

To contact the reporter on this story: Laura Price in London at lprice3@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.