Booms, Busts, and Recoveries 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.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Maurice Winn who wrote (15306)	2/21/2002 10:51:18 AM
From: elmatador	Read Replies (1) of 74559

On gold: The 1999 agreement between central banks that limits the gold sold, expires in 2004. The Bundesbank plans to slowly sells if the prices go up. That because in 2004 Hans Eichel, German finance minister wants to balance the budget. The 1999 agreement signed in Washington, soon after gold reserves had dropped by 30% in three years, limits the sale of gold by Euro Central banks to 400 tons and the total sales during the period covered by the agreement should not exceed 2.000 tons. Ernst Welteke, Bundesbank president, says the agreement is "delicate" because it lacks coordination that could lead to lower prices.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next