2500 tonnes of gold sales planned

  1. 1,322 Posts.
    In todays AFR is an article stating that 15 (no names) of Europes central banks have planned total sales of up to 2500 tonnes of gold in the next 5yrs with 1700t already planned, although details of these planned sales have yet to be divulged. this is a 500t increase from the 1999-2004 period.

    These sales from central reserves will not be conducive for any dramatic rise in the POG in the forseeable future.
 
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