Europe's central banks halt gold sales - Financial Times

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.

[link to www.ft.com]

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.

[link to www.ft.com]

So, I wonder what this will do to gold prices. Is the gold market very dependent on central banks selling or do dealers own enough? Maybe just the psychological impact will send prices soaring.

So, I wonder what this will do to gold prices. Is the gold market very dependent on central banks selling or do dealers own enough? Maybe just the psychological impact will send prices soaring.


My thoughts are the same. There is definitely a psychological impact in my opinion by saying "halts gold sales". That alone should make demand increase.

the psychological impact will send prices soaring.

So, I wonder what this will do to gold prices. Is the gold market very dependent on central banks selling or do dealers own enough? Maybe just the psychological impact will send prices soaring.

Okay, gold and silver prices are slightly down.

How does that happen?

Okay, gold and silver prices are slightly down.

How does that happen?

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.

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.

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.




This is correct. It might be time to take profits on gold...

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.




This is correct. It might be time to take profits on gold...

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.

[link to www.ft.com]

So, I wonder what this will do to gold prices. Is the gold market very dependent on central banks selling or do dealers own enough? Maybe just the psychological impact will send prices soaring.

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.

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.

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.