300 tons gold sold Friday

[davidbfpo]

AM today on BBC radio was an item on the fall in the gold price. I was stunned when one expert added three hundred tonnes of gold had entered the market on Friday, the twelfth largest holding.

The BBC earlier ran this article, which pre-dates the sale:http://www.bbc.co.uk/news/business-22151474

Anyone have a clue what is going on?

I am aware that Germany wants some of its gold returned from France and the USA; this seems to be unrelated.

[Fuchs]

The speculators realise their gains of the last years, exploiting that enough people were stupid enough to believe in post-apocalyptic BS and considered gold as a currency for after collapse instead of as a traded scarce commodity.
Those fools were bound to be caught like this, I told it to some years ago.


Besides; the real currency after an economic breakdown has never been gold. Cigarettes are a much more realistic post-breakdown currency (http://www.moneymuseum.com/moneymuseum/library/texts/text.jsp?lang=en&id=72019).