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Thread: 300 tons gold sold Friday

  1. #1
    Council Member davidbfpo's Avatar
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    Default 300 tons gold sold Friday

    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.
    Last edited by davidbfpo; 04-20-2013 at 05:29 PM.
    davidbfpo

  2. #2
    Council Member Fuchs's Avatar
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    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.

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