2026 TeoTwawKi ... 2032 Darkest Interregnum 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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 386.01

+1.6%

Nov 12 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TobagoJack who wrote (20680)	8/2/2007 1:51:01 PM
From: elmatador	Read Replies (1) of 217733

ready to buy much more gold? Italy to use gold reserves to cut national debt Bank of Italy has €37,970m worth of gold and the equivalent of €21,026m in foreign currency, mostly US Dollars and Sterling, with smaller amounts in Yen and Swiss Francs. Some of this, however, under an agreement with the ECB, must be retained in case there is a need to intervene to defend the Euro. In addition, a pact by 15 European nations sets a total limit of 500 tonnes of gold which can be sold in any one year. For 2008, the sale of 345 tonnes has already been reserved by other central banks. This would leave only 155 tonnes for Italy to sell, the equivalent of about €2,500m.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next