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Wednesday, September 05, 2007

Selling the family gold?

According to The Mogambo Guru on 30 August, "...gold suddenly plummeted on Thursday, making me laugh nervously, as things have now gotten so bad that central banks are apparently actually increasing their selling of sovereign gold to get the money to pay current bills! Hahaha!"
This would be interesting information for gold bugs. Unfortunately, the World Gold Council has not updated its list of gold holdings since June. Any information, anybody?

UPDATE

Physical gold has enjoyed record purchases in some regions, according to The Market Oracle yesterday.

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