Eurozone central banks now buying gold, not selling – confirmed

www.mineweb.com, www.bullionvault.com

Gold EuroHere’s a thing – Eurozone central banks have stopped selling and started buying gold so far in 2011.

Only by €6 million mind, and all of it in gold coin according to the European Central Bank’s weekly statements. But this net gold buying still stands, even ignoring Estonia’s 0.6 tonne purchase at New Year (its contribution, on joining the Euro, to the ECB’s reserve assets).

New-member stockpiles and data adjustments aside, it’s about the first net rise since the single currency was launched in 1999.

Full Article.

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About 3xG Admin

I am interested in Gold, Silver, Energy, Geopolitics, Economics, Religion, Demography, History, Complex systems, Critical theory, Antipositivism, Sociology of knowledge and Chaos theory.
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One Response to Eurozone central banks now buying gold, not selling – confirmed

  1. Onefineham says:

    They picked a heck of a time to buy gold… prices being where there are…

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