Serbia needs to further increase its gold reserves even after recent purchases pushed its stash to a record, President Aleksandar Vucic said on Tuesday, saying the Balkan nation has to fortify itself against a looming economic crisis.
The biggest former Yugoslav republic added nine tons of the precious metal in October to increase its stockpile to more than 30 t, heeding Vucic’s advice. Serbia followed Hungary and Poland in boosting gold reserves to create an economic bulwark.