Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Eashoa' M'sheekha who wrote (37003)	7/11/1999 5:48:00 PM
From: Zardoz	Read Replies (3) of 116785

imf.org "In private markets, the price of gold at times diverged from the official parity price. In 1961, a “gold pool” was formed by the central banks of seven large European countries, which agreed to cooperate with the U.S. Federal Reserve to operate in the London gold market to stabilize prices around the official price. Following heavy sales of gold by the participating central banks in late 1967, the pool was abolished, and in March 1968 the central banks announced that they would no longer intervene in the private gold market. This led to the segmentation of the market for gold into two tiers: an official market, where transactions were made at the official price, and the private market, where prices were determined by supply and demand.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next