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To: expat_panama

IMF??

Read this. Google has much more.

http://qz.com/74459/why-central-banks-have-been-hoarding-gold-since-2009/


26 posted on 04/17/2013 8:50:22 AM PDT by aMorePerfectUnion (Gone rogue, gone Galt, gone international, gone independent. Gone.)
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To: aMorePerfectUnion
by expat_panama    the IMF lists total central bank holdings at 879M oz., no change from what it was in 2005.

by aMorePerfectUnion    IMF?? Read this. Google has much more.  http://qz.com/74459/why-central-banks-have-been-hoarding-gold-since-2009/

Our numbers are the same here, qz.com cites gold.org which bases their info on imf.org.  Here's the qz.com grapic--

--showing IMF stats on how from 2005 to 2009 central banks sold about a thousand tons of gold which they bought back since.  Those sales and purchases (a couple percent--

--per year) have had negligible affect on gold's market price.  Consider how they're buying less than a fifth of new mined gold hitting the market and how gold's price soared while central banks sold, and and how the price is tanking now while the banks are buying.

45 posted on 04/17/2013 10:41:43 AM PDT by expat_panama
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