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Central banks succumb again to bullion’s lure

Posted on 08 May 2009

From FT: Ten years ago on Wednesday the UK Treasury sent gold prices tumbling when it announced it would sell a chunk of its gold reserves.

In a matter of weeks prices plunged to a 22-year low of $250 a troy ounce and, over the course of that year, central banks from Australia and Switzerland to the Netherlands announced plans to sell a large slice of their bullion…….Full Article (Registration Required) : Source


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