WTF !! DUTCH CENTRAL BANK : "PENSION FUND MUST SELL GOLD !!"

[link to www.bloomberg.com]


AMSTERDAM (AP) — A pension fund in the Netherlands says the country's central bank has ordered it to sell its gold holdings because it is overexposed to a fall in the value of the yellow metal.

The Vereenigde Glasfabrieken pension fund said Thursday it wants to keep the gold but a Rotterdam court sided with the bank in a ruling Tuesday. The fund will now sell its gold holdings down from 13 percent of assets to 3 percent at most.