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Message Subject Europe's central banks halt gold sales - Financial Times
Poster Handle Anonymous Coward
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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.
 Quoting: Anonymous Coward 896179



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