Hi Goldsnow
In your last post concerning Argentina gold sales it stated.
The Argentine central bank said late Tuesday it had sold 4,012,623 ounces, or 124.8 tons, of gold, its entire non-monetary gold reserves, between January and July this year, at an average price of $370.22 an ounce.
What do they mean by " non-monetary gold reserves" does this
mean they maybe kept a bit to back currency just in case.
Do you think all this gold that CB's are selling could be going to
countries that can not produce their own,maybe getting ready for
the future.
It just dosn't make any sense for a country whose economy depends
so much on gold to do something that would lower the price of
their product,there has got to be a reason for gold producing
countries like Argentina,Canada,Australia making these kind
of statements ???? |
