Mexico now owns 100.15 tonnes of gold, data on the IMF website showed. At the end of January it held 6.84 tonnes.As the article indicates, the Mexican government held hardly any gold before that purchase. That's a lot like the Canadian central bank now.
Mexico's purchase is equivalent to about 3.5% of annual mined output....
It takes Mexico to 33rd place on the list of the world's top gold holders.
Yes, gold reserves are coming back and the gold market has adjusted. Back in the 1970s, central banks tended to sell gold in the face of its bull market; as a result, they were mocked by goldbugs for being dumb. Now that gold is more normalized, goldbugs are welcoming them to the party.