2014: Central Banks Bought Enough Gold for 75 Dreamliners

2014: Central Banks Bought Enough Gold for 75 Dreamliners
AP Photo/Naples Daily News, Corey Perrine

Central banks purchased enough gold in 2014 to buy 75 Boeing Co. Dreamliners.

Governments added 477.2 metric tons to their reserves, the second-biggest increase in 50 years and 17 percent more than a year earlier, the World Gold Council said in a report Thursday. Based on the average price of gold in 2014, central banks probably paid about $19.4 billion. A Boeing 787-9 has a $257.1 million retail price, according to the company’s website.

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