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Therefore, when the Fed offsets an increase in one of its assets--loans--with a decrease in another of its assets--Treasury securities--there is no net effect on bank reserves.

FORBES: Magazine Article

International factors also exist, as central banks outside the U.S. have been adding gold to their reserves, making 2010 the first year in two decades that reserves were net buyers, rather than sellers, of gold.

FORBES: Gold To Average $1,500 In 2011

Chevron has 20% of its net proven oil and natural gas reserves in that country.

FORBES: Magazine Article