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Commodities Briefing - Categorized | Bullion/Gold, Trends more

Gold and silver bullion are on the move

Posted on 22 January 2013

The price movement of gold and silver often attract much attention. When prices make a noticeable increase, it regularly leads to perma-bulls calling for the next great explosion in precious metals. On the other hand, any dips or corrections lead to critics calling for an end to the 12-year bull market. Both sides are debatable, but there is no denying that physical bullion made impressive moves this past week.
On Wednesday, the Bundesbank confirmed reports and announced it will repatriate a portion of its foreign gold reserves. By 2020, the central bank intends to store half of Germany’s gold reserves in its own vaults within the country, compared to only 31% now. The other half will remain in New York and London………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 37739 posts on Opalesque Commodities Briefing.


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