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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Knighty Tin who wrote (7152)5/27/2004 9:21:44 AM
From: mishedlo  Read Replies (1) of 116555
 
Dutch central bank to sell 100 tonnes of gold in next five years
Thursday, May 27, 2004 12:26:14 PM

AMSTERDAM (AFX) - The Dutch central bank said it decided to sell another 100 tonnes of gold over the next five years. This will bring total sales of gold since 1992 to 1,100 tonnes, with 612 tonnes remaining on the bank's balance sheet. The central bank noted that the profit from future gold sales will remain on its balance sheet.
Excluding gains from the sale of gold, the Dutch central bank incurred a net loss of 340 mln eur in 2003.
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