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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Price Watch more

More evidence of gold price manipulation

Posted on 17 October 2013

While I avidly follow the actions of central banks to see where the gold bullion prices may be headed next, when I look at them today, their actions are speaking louder than words.
Central banks have pretty much stopped selling gold bullion, which is very important. In 1999, a number of central banks in Europe formed an alliance and agreed that they would not sell more than 400 tonnes of gold bullion per year. The agreement was called the Central Bank Gold Agreement (CBGA). In 2004, the CBGA was renewed again; this time the limit was 500 tonnes. Once again, it was renewed for another five years in 2009, and the limit is back to the sale of no more than 400 tonnes of gold bullion per year………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 37583 posts on Opalesque Commodities Briefing.


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