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Europe's central banks halt gold sales - Financial Times
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[quote:Anonymous Coward 832077:MV8xMjAzMzU1XzE5NTU3NzgwXzcwQzIzQTFF] [quote:Anonymous Coward 896179] Okay, gold and silver prices are slightly down. How does that happen? Central banks always get it wrong. That's a pretty decent rule of thumb for investing. George Soros made a fortune backing the market against the Bank of England, back when the pound dropped out of the ERM. Then later Gordon Brown sold off half Britain's gold reserves - the price of gold promptly started rising, and has continued to do so ever since. Now the central banks have stopped selling off gold. That's a pretty good indication that the price of gold is about to drop like a stone. [/quote] ARE YOU ON DRUGS ?? [/quote]
Original Message
Europe’s central banks have all but halted sales of their gold reserves, ending a run of large disposals each year for more than a decade. The central banks of the eurozone plus Sweden and Switzerland are bound by the Central Bank Gold Agreement, which caps their collective sales.
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link to www.ft.com
]
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