Europe's central banks halt gold sales - Financial Times | |
Anonymous Coward User ID: 570920 United Arab Emirates 09/27/2010 01:48 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 985286 United States 09/27/2010 02:58 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Philippines[link to www.ft.com] Perhaps they are no win the process of melting down all their gold/tungesten bullion to recover the pure gold and the pure tungesten. Given the price of 'gold/tungesten' lately on the open market perhaps we will find now that gold is selling for $650 per ounce and tungesten selling for $650 per ounce. This should make the anti-tank and anti-armor weapons manufacturers rather happy and those weapons much more expensive to 'buy'... |
susano User ID: 1067398 United States 09/27/2010 03:00 AM Report Abusive Post Report Copyright Violation | |
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Cactus Mark User ID: 1111032 United States 09/27/2010 03:46 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Philippines[link to www.ft.com] And if I was registered I could read that article :-) |
Philippines (OP) User ID: 1003659 Philippines 09/27/2010 04:29 AM Report Abusive Post Report Copyright Violation | 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. Quoting: susanoMy thoughts are the same. There is definitely a psychological impact in my opinion by saying "halts gold sales". That alone should make demand increase. Separate science and government. |
Philippines (OP) User ID: 1003659 Philippines 09/27/2010 05:24 AM Report Abusive Post Report Copyright Violation | |
Philippines (OP) User ID: 1003925 Philippines 09/27/2010 12:07 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 814465 United States 09/27/2010 12:14 PM Report Abusive Post Report Copyright Violation | 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. Quoting: PhilippinesMy thoughts are the same. There is definitely a psychological impact in my opinion by saying "halts gold sales". That alone should make demand increase. they are keeping whats left after the big boys got theirs |
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Ray User ID: 1112017 United States 09/27/2010 12:21 PM Report Abusive Post Report Copyright Violation | 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. Quoting: susanoMore buyers chasing less available gold... |
Anonymous Coward User ID: 961432 United States 09/27/2010 12:24 PM Report Abusive Post Report Copyright Violation | I didn't think that the central banks actually sold gold, as in a sale means transfer of physical metal from one vault to another. I think they just record some number and keep it all on the books. Their records are probably so convoluted at this point they have no idea who really owns what. |
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susano User ID: 1067398 United States 09/27/2010 02:25 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 896179 United Kingdom 09/27/2010 02:27 PM Report Abusive Post Report Copyright Violation | Okay, gold and silver prices are slightly down. Quoting: susanoHow 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. |
Anonymous Coward User ID: 1112141 Russia 09/27/2010 02:31 PM Report Abusive Post Report Copyright Violation | Okay, gold and silver prices are slightly down. Quoting: susanoHow does that happen? Manipulation and sellers deciding to to cash in. Day to day charts mean little, look at the long tem charts for a better idea of the direction things are going. |
Anonymous Coward User ID: 1103759 United States 09/27/2010 02:35 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 961432 United States 09/27/2010 02:47 PM Report Abusive Post Report Copyright Violation | Okay, gold and silver prices are slightly down. Quoting: Anonymous Coward 896179How 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. |
Anonymous Coward User ID: 714023 United States 09/27/2010 02:50 PM Report Abusive Post Report Copyright Violation | Okay, gold and silver prices are slightly down. Quoting: Anonymous Coward 896179How 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... |
Anonymous Coward User ID: 961432 United States 09/27/2010 02:52 PM Report Abusive Post Report Copyright Violation | Okay, gold and silver prices are slightly down. Quoting: Anonymous Coward 714023How 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... |
Anonymous Coward User ID: 1111797 United Kingdom 09/27/2010 03:47 PM Report Abusive Post Report Copyright Violation | Okay, gold and silver prices are slightly down. Quoting: Anonymous Coward 714023How 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... this is a 500 year super cycle... unique set of circumstances paper gold (ETF) may drop, but physical gold won't watch physical silver fly |
JoeNeubarth User ID: 1072693 United States 09/27/2010 03:57 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Philippines[link to www.ft.com] It is all collapsing. The whole world will be in Depression in the next few months. 1st Place in Novel Sales for 6 yrs! [link to www.mobipocket.com] |
Anonymous Coward User ID: 1112094 United States 09/27/2010 04:08 PM Report Abusive Post Report Copyright Violation | 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. Quoting: susanoThis is not new news for people who follow the gold market. |
Anonymous Coward User ID: 832077 Mexico 09/27/2010 04:52 PM Report Abusive Post Report Copyright Violation | Okay, gold and silver prices are slightly down. Quoting: Anonymous Coward 896179How 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. ARE YOU ON DRUGS ?? |
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Anonymous Coward User ID: 1108656 United States 09/27/2010 05:03 PM Report Abusive Post Report Copyright Violation | Okay, gold and silver prices are slightly down. Quoting: Anonymous CowardE 896179How 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. Please, explain your comments about gold falling in price? Your comment doesn't fit the "supply and demand rule"...I learned in Eco101 class, many moons ago... |
Punk-A$$ets User ID: 1107017 United States 09/27/2010 05:08 PM Report Abusive Post Report Copyright Violation | Okay, gold and silver prices are slightly down. Quoting: Anonymous Coward 896179How 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. LMFAO Yeah, that'll do it. |
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